Clients from all over the world form Delaware LLCs in order to take advantage of Delaware’s corporate law structure, which is widely considered the strongest in the world. The only requirement is that you maintain a Registered Agent in Delaware. Harvard Business Services, Inc. has helped thousands of companies by acting as a Registered Agent, for just $50, per year since 1981.
When operating a Delaware LLC in another state, such as Colorado, clients should register their businesses as a foreign entity in that state. Each state has different requirements. Colorado, like most states, requires an application process and a state filing fee. Unlike most states, however, it does not require a Certificate of Good Standing from Delaware. Colorado does require a Registered Agent in the state. Harvard Business Services, Inc. can act as your company's Registered Agent in Colorado for $99 per year. We can also assist with the application process to register your Delaware LLC as a foreign entity in Colorado.
Colorado does not have a publishing requirement unless specifically required by the county of your registered agent.
Why register in Colorado if my company was formed in Delaware?
The Foreign Qualification process is the way in which the state of Colorado grants you permission to operate with a Delaware LLC. The Foreign Qualification process enables a company to transact business in a jurisdiction other than where it was formed. By failing to comply with local compliance issues, you may be putting your company at risk.
After completing the Foreign Qualification process, you will receive a document from the Colorado Secretary of State called a Certificate of Authority. It states that Colorado grants your business the authority to operate in Colorado with a Delaware LLC. It is often a prerequisite for many business licenses in Colorado. This document is also required by banks before your company can open a bank account in Colorado.
Once registered in Colorado, you are responsible for the annual compliance fees. Colorado mandates a periodic report, which costs $10. You can sign up for Colorado's email reminder system once registered there.
If you have any additional questions about registering your Delaware LLC as a foreign entity in Colorado, or if you need assistance with the process, please contact Harvard Business Services, Inc. at 1-800-345-2677, Ext 6130 or email firstname.lastname@example.org.