The State of Colorado is situated in the Western US; the time difference with Eastern Standard Time is two hours.
The State of Colorado has been popular throughout the world since the time of the Gold Rush, during which the State capital, Denver, was founded. Today it is a major industrial, business and cultural centre of the USA.
Among other sites in this State that are known worldwide are the Rocky Mountains National Park and the spa resort Colorado Springs.
The motto of the state of Colorado is "Nothing without Providence".
Registration of companies in Colorado is carried out by the Colorado Secretary of State, Corporations Division.
The State's liberal company law and its simple company registration procedure are the principal advantages that make Colorado one of the leading States of the USA in the number of businesses registered there.
In common with other states of the USA, Colorado corporate law offers the possibility of establishing a Sole Proprietorship, a General Partnership, a Limited Partnership, and C Corporations. However, the corporate entity that is most appropriate for international business purposes is the Colorado Limited Liability Company (LLC). More detailed information about Colorado LLC companies is given below.
| GENERAL INFORMATION | Total area - 269,618 sq km
Population - 4,300,000
Location - click here to see the map of offshore jurisdictions
Political status - State of The United States of America
Capital - Denver
Official language - English
Official currency - US Dollar
Time zone - GMT - 7 |
| Company type | Limited Liability Company (LLC) |
| Officers & Shareholders | Management and ownership of Colorado LLC companies is vested in the Members of the LLC, who act as both shareholders and officers of the company.
The Members may be natural persons or corporate bodies from any legal jurisdiction.
Member information is generally stated in the Articles of Organization of the LLC.
Colorado LLC companies require a minimum of 1 Member, who may act as sole operating officer (i.e. Director/President, Secretary, Treasurer, etc.). |
| Authorised Capital (Equity) | Standard authorised equity (capital) = USD 50,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | Company names should end with the words "Limited Liability Company"; "Company" or the suffix "L.L.C.".
Company names containing restricted words such as "Bank", "Trust", "University", "College" etc. will not be permitted unless an appropriate State operating licence has been obtained by the company. |
| Beneficial Ownership information | There is no statutory requirement for ultimate beneficial ownership information to be disclosed to Colorado state authorities. |
| Filing of Annual Return | An Annual Return must be submitted every 12 months after the date of registration. |
| Filing of Financial Statement | There is no general requirement to file Financial Statements for an LLC company that has no business activities or income in USA and where management and control is carried out by Members who are not USA residents.
All companies must maintain adequate accounting records. |
| Corporate Taxation | LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are exempt from USA Federal and State corporation taxes. |
| Tax Treaties | LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are not regarded as resident for tax purposes in USA and therefore are not entitled to take advantage of international Double Taxation agreements concluded by the USA with other countries. |
| Timeframe for incorporation | 2/3 working days. A complete set of company documents can be delivered in 3/4 weeks. |
| Takeover of management & secretarial services for an existing Colorado LLC | Possible, following verification of Beneficial Ownership and discharge of liabilities to previous corporate service providers. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | Today we have 8 "Ready-made" USA companies available (click here for list of companies) |
| Price of Colorado LLC | USD 1,160, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 620 per year, including full domiciliary (Registered Agent/Office) costs, annual franchise taxes, Nominee services and legal support services for each year. |
