Colorado Secretary of State

The Colorado Secretary of State's office provides certified duplicates of records for registered commercial entities, trade names, and brand names, as well as certificates of great condition, duplicates of pointed papers, certificates of fact, and other supporting papers.

It is a managing body when registering a new business and getting an Entity ID Number. This article will provide the necessary information about the process.

What is the Role of the Colorado Secretary of State?

The Secretary of State of Colorado is primarily concerned with gathering data and making it accessible to the public.

The SOS gathers information and assists individuals in finding it, whether they are looking up a company or determining if someone is a voter.

Further, the SOS office is divided into sections that are responsible for:

• Registering businesses
• Granting licenses to charities and notaries public
• Overseeing the integrity of elections

How to do a Colorado Secretary of State Business Search?

It is very easy to do a Colorado Secretary of State Business Search. For this purpose, you have to visit the SOS website.

• Firstly, you need to select “Search business database”. After it, the recorded phrase or ID is required.
• Having all the similar names on display, you have to select the ID of the correct commodity.
• The third step is from the summary page. Then, "filling history and documents" must be selected. Finally, you just select “Document” and view it.

If you want to verify your business license, you need to visit the Division of Professions and Occupations website and fill out the necessary information.

What is an Entity ID Number?

The SOS office uses an entity ID digit, a one-of-a-kind 11 digits, to distinguish an entity's record.

This number is assigned when a commodity submits a file that generates a new account. You may find this digit on your commodity summary page.

Your taxation ID number is different from this digit. To get your tax ID numbers, get in touch with the Colorado Department of Revenue and the IRS.

How to Form a New Corporation in Colorado?

If you want to form a corporation in CO, you must follow the below-mentioned steps:

• For the first step, you are required to do a business name availability search. Look through the webpage and search for the chosen term to check its availability. After that, you need internet domain availability to search for emails and websites.
• Here is the important step: you must choose your entity type (S-Corp, C-Corp, Non-Profit Org, or Partnership). Then, you obtain an IRS EIN Number.
• After that, make articles of incorporation and rules that outline the entity's goals, as well as its directors, registered address, authorized agent, operating procedures, and other details.
• For the 4th step, you must determine tariff requirements for payroll, and local or federal tax filing necessities. Also, learning about the requirements of local or federal business licenses is needed.
• Lastly, you establish the firm physically. In this stage, mailing addresses, email addresses, voicemails, websites, phone numbers, and firm cards are necessary.

How to Obtain an EIN?

Businesses typically require a recent EIN when their ownership or organizational structure has changed. You do not need to get a new one if you change your company's name.

Corporations

If any of the following situations apply to you, you must get a renewed EIN.

• The secretary of state issues a fresh charter to a company.
• Either you already are or become a company subsidiary utilizing the parent's EIN.
• You convert to a sole proprietorship or partnership.

If any of the following conditions are true, you will not need to get a renewed EIN.

• You belong to a company as a division.
• The enterprise that survives a merger uses the present EIN.
• A firm files for bankruptcy.
• The location or enterprise title is altered.
• A corporation decides to pay S enterprise taxes.

Limited Liability Company (LLC)

A legal entity established by state statute is an LLC. When the LLC was established by the states, the IRS did not establish a recent tax categorization for it.

If any of these cases apply to you, you must get a new EIN.

• According to state legislation, a multi-member LLC is created.
• A single-member LLC that has one owner can choose between being taxed as an S enterprise or a corporation when it is created.

If any of the following conditions are true, you will not need to get a new EIN.

• The LLC does not have any workers and does not owe any excise tariffs, therefore you report income taxation as a branch or division of a company or other business.
• A current partnership changes into an LLC that is categorized as a partnership.

How Much Does a Limited Liability Company Cost?

To start an LLC in Colorado, you must pay $50 for filling out paperwork for an in-state LLC. Meanwhile, the payment is $100 for out-of-state LLCs.

There is a yearly fee of $10. A $50 penalty fee may add up for late payments.