Company Name | The term “Limited Liability Company” or the abbreviation “LLC” must be included at the end of the proposed LLC's name. For LLCs, some words can be written in their abbreviated forms. For example, “Limited” as “Ltd.” or “Company” as “Co.” | The terms “Corporation,” “Company,” “Incorporated,” “Limited” or their abbreviations must be included at the end of the proposed corporation's name. The organized corporation's name must not imply purposes other than those stated in its charter or Articles of Incorporation. |
Board of Directors | LLCs are required to have a minimum of one manager or member. There are no restrictions on the age and residency of the managers or members. The names and addresses of the managers or members are not required to be listed in the Articles of Organization. | A minimum of one director or shareholder is required for Colorado corporations. Colorado law requires that directors must be at least 18 years old. The names and addresses of the directors are not required to be listed in the Articles of Incorporation. |
Other Requirements | Periodic Report: In Colorado, LLCs must file a Periodic Report, and the due date for this report depends on the company's incorporation date. Registered Agent: It is required that the registered agents of LLCs list their names and physical addresses in Colorado, which must be operational during normal business hours to receive government documents, such as legal and tax documents for the businesses of the incorporated companies. Employer Identification Number (EIN): LLCs with employees are required to have an EIN, or if the LLCs wish to open a business bank account in the US. In Colorado, there is no state tax identification number. | Periodic Report: In Colorado, LLCs must file a Periodic Report, and the due date for this report depends on the company's incorporation date. Registered Agent: It is required that the registered agents of LLCs list their names and physical addresses in Colorado, which must be operational during normal business hours to receive government documents, such as legal and tax documents for the businesses of the incorporated companies. Stock: In the Articles of Incorporation, business owners must list the authorized shares and par value. The initial filing fees will not be affected by an increase in the number of shares or par value. Officers: The names and addresses of officers are not required to be listed in the Articles of Incorporation. Employer Identification Number (EIN): LLCs with employees are required to have an EIN, or if the LLCs wish to open a business bank account in the US. In Colorado, there is no state tax identification number. |