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Colorado
LLC Formation
Our
experienced and
reputable company offers US LLC formed in
Colorado.
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Colorado
LLC
Formation Fee
$560
Annual Fee (payable from second year)
$395
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GENERAL INFORMATION
Taxes
LLC
is not taxable entity. Income (loss) is passed through to members, and
members pay taxes as individuals. Members non-US residents are not liable
for US income tax for income derived outside of the United States and
passive income derived from the United States, such as interest income,
dividend income and capital gains.
Despite
of the fact, that LLC is not taxable entity, under some conditions LLC
needs to file annual income tax return with IRS.
No income
tax return required if:
1)
LLC conducting a trade or business outside of the United States, and
2)
All LLC's members are non-US residents for income tax purposes.
LLC is
required to file federal annual
income tax return with IRS if:
1)
LLC conducting business in US,
and
2)
LLC has two or more members.
LLC
conducting business in US and having only one member is not required to
file income tax return. The income and expenses need to be reported on the
member's individual tax return.
LLC
Name
The
entity name of a limited liability company must contain the term
"limited liability company", "ltd. liability company",
"limited liability co.", or "ltd. liability co." or
the abbreviation "LLC" or "L.L.C."
LLC's
name must be distinguishable upon the records of the Secretary of State
from the names of other Colorado business entities or foreign corporations
authorized to transact business in Colorado.
Time-Scale
for Formation
We
form your Colorado LLC the next business day. We will email you
an electronic copy of the Articles of Formation the next business day as
well..
Legalization
of corporate documents with Apostille usually takes 2 to 6 business days.
All
paper documents will be sent you by UPS upon receiving them from
legalization office.
Members
Minimum
number of members - one.
Residency
requirements - no requirements.
Corporate
members - permitted.
Managers
Management
of LLC can be governed by its member(s) or by elected manager(s).
If
the articles of organization states that management of the limited
liability company is vested in a manager or managers, a minimum one
manager is required.
Managers
need not be members of the limited liability company.
Residency
requirements - no
requirements.
Corporate
managers - permitted.
Public
Recording
Managers
are required to be listed in the articles of organization. If management
of the LLC is provided by members, the members are required to be listed.
Managers
names and addresses must be reported to the secretary of state within 60
days of receiving a report form from the Secretary of State. If LLC
doesn't have managers and management is provided by members, members names
and addresses must be reported.
Members
need to be listed in the LLC annual income tax return. When LLC conducts
business outside of US and all LLC members are non-US residents, there are
no requirements of filing income tax return. Thus, no members information
is passed to the tax authorities.
LLC's
Records
There
are no formal requirements of maintaining accounting records by LLC.
LLC
is required to keep in its principal place of business, which can be in
any country, the following documents:
- List
of all its members and managers, both past and present
- A
copy of the articles of organization
- Copies
of LLC's income tax returns (if any) for the three most recent years
- Copy
of the operating agreement
- Financial statements of the limited
liability company for the three most recent years.
Audit
Requirements
None.
Annual
General Meeting
Annual
general meeting of members are required and may be held in any place
stated in accordance with the operating agreement. Failure to hold the
annual meeting does
not work a forfeiture or dissolution of
the limited liability company.
Virtual
Office Facilities
Available
in Canada.
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