After setting up a corporation in Colorado, there will be some ongoing requirements that you’ll have to fulfill in order to keep the business in compliance and maintain the limited liability it provides. Below, we’ll point out the typical ongoing requirements for corporation owners in Colorado.
Corporate Record Requirements in Colorado
At a corporation’s headquarters or principal place of business, the following records for the corporation must be maintained:
- The Articles of Incorporation and any related bylaws
- 3 years of minutes/meeting records from all director/shareholder meetings
- All financial statements for the corporation for the past 3 years
- Records of all director/shareholder actions taken without holding a meeting, as well as actions a committee of the board of directors has taken without holding a meeting
- All written communications to shareholders for the prior 3 years
- Records of all waivers of shareholder/director/board meeting notices
- Records of the shareholders’ names and addresses, alphabetized by class of shares
- A list of the names and business addresses of each of the current directors and officers
- A copy of the corporation’s most recent annual report.
Additional Ongoing Corporate Requirements in Colorado
In addition to maintaining the above records, the following must also be done to keep a corporation in compliance:
- File an annual report with the Colorado Secretary of State’s Office – This annual report, which is also referred to as the Periodic Report must be filed within 3 months of the anniversary of the entity’s formation.
- Pay all necessary taxes
- Renew the corporation business license as needed
- Renew any necessary operating permits as needed.
When you are ready to form a business or need any assistance with corporate compliance issues, you can count on Denver Business Lawyer Thomas E. Downey.
Since 1983, Thomas Downey and the other legal professionals at Downey & Associates, PC, have been providing businesses in the Denver Metro Area and throughout the U.S. with the highest level of legal service for their litigation, business and real estate legal issues. Our commitment to our clients, as well as our extensive experience handling complex matters of business law, means that our clients can always trust that we will:
- Aggressively protect their rights
- Handle their needs with expert care and attention
- Help them achieve the best possible outcomes to their sensitive legal matters.
We have the integrity, experience and resources necessary to ensure that you will receive the highest level of personal service, the highest quality legal services and, ultimately, the best possible resolution to your case.
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We encourage you to learn more about your options, as well as our various services, by calling us at (303) 813-1111 or by emailing us using the contact form on this page.
From our law offices in Centennial, we serve clients throughout Colorado and the U.S.
