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Incorporation >> Incorporation in US States
To start a corporation in the state of Colorado, first and foremost you need to file Articles of Incorporation. When filing Articles of Incorporation, it is of great importance that you follow the instructions of the Secretary of State of Colorado completely. The Colorado Secretary of State plays an important role in acquiring the corporation name. If you manage to come up with an original corporation name, your incorporation application is can be approved very quickly. According to Colorado law, your corporation name must have a legal ending. These endings include Corporation (Corp.), Incorporated (Inc.) and Limited (Ltd.).
When filing Articles of Incorporation in the state of Colorado, you need to specify the corporate objective. Further, you need to mention the number of shares of stock that your corporation is authorized for or will carry. Colorado’s laws of incorporation are similar to a few other US states such as Arizona and Texas, that do not need to mention the names and addresses of directors and officers in Colorado.
The Income tax rate that is applicable in Colorado is set at 6 % of net earnings. Apart from that, business owners need to pay an excise tax on the basis of the amount of stock held by the corporation. The excise tax rate is .25 per $100. The minimum tax that you need to pay is $10.
To incorporate in Colorado, you need to hire officers. When hiring officers, you need to take into consideration their academic qualification and experience level. The main responsibility of officers is to maintain company records and be responsible for corresponding with and answering questions from the Secretary of State.
To file articles of incorporation in the state of Colorado can be done for around $95. For reserving a corporate name, you need to pay an additional fee of $10. The processing of your incorporation application can take more than 30 days. Similar to other US states, you need to file an annual report with the Secretary of State.
Colorado Incorporation
To start a corporation in the state of Colorado, first and foremost you need to file Articles of Incorporation. When filing Articles of Incorporation, it is of great importance that you follow the instructions of the Secretary of State of Colorado completely. The Colorado Secretary of State plays an important role in acquiring the corporation name. If you manage to come up with an original corporation name, your incorporation application is can be approved very quickly. According to Colorado law, your corporation name must have a legal ending. These endings include Corporation (Corp.), Incorporated (Inc.) and Limited (Ltd.).
Corporate Objective
When filing Articles of Incorporation in the state of Colorado, you need to specify the corporate objective. Further, you need to mention the number of shares of stock that your corporation is authorized for or will carry. Colorado’s laws of incorporation are similar to a few other US states such as Arizona and Texas, that do not need to mention the names and addresses of directors and officers in Colorado.
Income Tax Rate
The Income tax rate that is applicable in Colorado is set at 6 % of net earnings. Apart from that, business owners need to pay an excise tax on the basis of the amount of stock held by the corporation. The excise tax rate is .25 per $100. The minimum tax that you need to pay is $10.
Officers
To incorporate in Colorado, you need to hire officers. When hiring officers, you need to take into consideration their academic qualification and experience level. The main responsibility of officers is to maintain company records and be responsible for corresponding with and answering questions from the Secretary of State.
Filing Fee
To file articles of incorporation in the state of Colorado can be done for around $95. For reserving a corporate name, you need to pay an additional fee of $10. The processing of your incorporation application can take more than 30 days. Similar to other US states, you need to file an annual report with the Secretary of State.
