Colorado Ends $1 Company
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It has been said, “You don’t get much for a buck.” Well, this will also be true on April 1st, when the Colorado Secretary of State raises its filing fee for new corporations and LLC’s from $1.00 to $50 (for online filings). Since September 2004, Colorado has been offering filings for an absurdly low $1. With filing fees nationwide running from $40 to $500, Colorado has been essentially hanging a sign proudly stating, “Businesses Welcome Here!â€
Also increasing are the annual report fees from $1 to $20. However, even with the increases, Colorado’s business friendly environment makes a compelling argument for filing your entity there over more expensive neighbors.
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