How to File a Colorado Periodic Report - How to Start my LLC

How to File a Colorado Periodic Report

Written by:

Carolyn Young has over 25 years of experience in business in various roles, including bank management, marketing management, and business education.

Reviewed by: Sarah Ruddle

For over 15 years, Sarah Ruddle has been a noteworthy leader in the business and nonprofit world.

How to File a Colorado Periodic Report

How to File a Colorado Periodic Report

If you have a limited liability company (LLC) in Colorado, you must file a periodic report to keep your business in good standing. But don’t worry – it’s a relatively painless process that can be done online. 

Read on to learn how to file your LLC’s periodic report in Colorado.  

What Is a Periodic Report?

A periodic report, known as an annual report in most other states, simply verifies your business information and tells the state of Colorado that your LLC is still operating. 

Keeping up with periodic reports is a legal requirement that enables you to obtain a Certificate of Good Standing, which a bank or creditor might request to confirm your compliance. In Colorado, the following information is required for the periodic report: 

How to File a Periodic Report in Colorado

To file your periodic report in Colorado, visit the Secretary of State’s website and enter your business I.D. number. 

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Then select “periodic report” and fill out all the required information. 

The filing fee is $10, and reports are due yearly on your LLC’s formation anniversary.

If You Do Business in Other States

If you do business in other states, be sure to register in those states as a foreign LLC. For example, if your LLC is registered in Colorado and you start doing business in Florida, you’ll need to register in Florida as a foreign LLC.

You’re generally required to register as a foreign LLC if:

  • You have a physical presence of any kind in that state 
  • You have employees in that state
  • You regularly meet with clients, managers, or investors in that state
  • You are licensed to do business in that state

Once you’ve registered as a foreign LLC, your business will need to follow the annual reporting requirements of that state and pay taxes in that state. 

In Closing

Filing a periodic report in Colorado is relatively easy and crucial to smooth business operations.

Failing to file an annual report can result in serious penalties, as can filing an inaccurate report.

Be sure to review all your business information and file your report on time to ensure your LLC remains in good standing.