Starting a Business in Colorado
LLC filing: $50 | Corp filing: $50 | Business-friendly score: 7/10
Business Environment at a Glance
7/10
Business-Friendly Score
4.4%
Income Tax
2.9%
State Sales Tax
$14.42
Minimum Wage
Business Filing Fees in Colorado
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $50 | One-time, filed with Secretary of State |
| LLC Annual Fee | $10 | Due annually to maintain good standing |
| Corporation Filing Fee | $50 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $10 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 4.4% |
| Corporate Tax Rate | 4.4% |
| State Sales Tax | 2.9% |
| Max Local Sales Tax | 8.3% |
| Minimum Wage | $14.42/hr |
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Colorado Special Requirements
- Periodic report required annually ($10) - one of the lowest in the nation
- Sales tax can be complex with home rule cities collecting their own taxes
- Colorado Wage Act compliance for employee payment schedules
- Paid Family and Medical Leave Insurance (FAMLI) required for employers