ANSWERS: 1
  • Starting a business in Colorado follows a similar process to most states, but it is not exactly like any other state, so you will want to go through the process carefully. You can accomplish everything online and will save money by doing it that way

    Business Name Registration

    Unlike some states, you must register your business name with the secretary of state and it must be unique. It costs $25 to register it online and $125 to do it on paper.

    Legal Structure

    Your business will be a sole proprietorship, partnership, limited liability company (LLC) or a corporation and you must file paperwork with the state declaring which one. It will cost you between $25 and $150 depending on what entity you choose and if you file online or not.

    Employer Identification Number (EIN)

    A federal employer identification number is required if your business is a partnership, corporation or you will have employees. There is no separate state identification number, but you will be assigned a sales tax account number.

    Sales Tax Registration

    If you sell, lease or rent tangible goods in Colorado, you must get a sales tax license. The state sales tax rate was 2.9 percent as of 2009.

    Business Licenses

    There is no general business license in Colorado, but hundreds of different types of business are required to have specific licenses. Check the Occupational/Industry License Database for the type of business you are starting to see what licensing you will need.

    Source:

    Colorado Secretary of State

    Business Licenses Required in Colorado

    Occupational/Industry License Database

    More Information:

    Colorado Business Resource Guide

    Colorado Small Business Development Network

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