How to File a Colorado Periodic Report
Colorado requires all corporations, LLCs, and non-profits to file an annual report (also known as a periodic report). You can file it yourself. We’ll show you how.
Annual Report / Periodic Report Overview
Annual reports, also known as Periodic Reports, are essential for maintaining the good standing of your business entity with the state of Colorado. They provide updates on your company’s current information, ensuring compliance with state regulations, and helping the state track business activities. But don’t worry, they are not the exhaustive financial annual reports that the SEC requires of public companies. They’re mostly just an information update and small fee. Read our guide to do it today!
File Your Annual Report Online
Step 1: Access the state business site
From the homepage of the Colorado Secretary of State page, select “File a periodic report”.
Step 2: Locate Your Business Entity
Search for your business entity using the search bar, entering your company’s name or entity number.
Step 3. Identify Your Business
Identify your business from the list provided and click on its ID number.
Step 4. Confirm Your Entity
Verify the information provided and click, “Confirm”.
Step 5. Select Periodic Report
Next you’ll be given a list of available actions. Select, “Periodic Report” from the menu.
Step 6. Verify and Update the information
Here you’ll be able to verify and update provided information about your company. You’ll need to update the following information:
- Business name and state where formed
- Principal Street and mailing address
- email address
- Full name and address of individual filing the report
Step 7. Pay with a credit card
Pay the filing fee with a credit card and you’re all set!
Deadlines and Filing Fees
Periodic reports are due at the end of the month of the entity’s original registration, with a 2 month grace period.
You can login to the Colorado Secretary of State and find your specific periodic report due date there.
The fee for the periodic report is $10.
Colorado charges a $50 late fee for late filings, following a two month grace period.
Consequences of Late Filing
Colorado grants all business a two month grace period following the due date of the report during which no penalties will be assessed. But following the grace period, a $50 late fee will be assessed.
Colorado Periodic Report Frequently Asked Questions
No, periodic reports are not required for all types of businesses in Colorado. Only certain types of entities, such as corporations and limited liability companies (LLCs), are required to file periodic reports with the Colorado Secretary of State. Other business structures, such as sole proprietorships and general partnerships, do not have this reporting requirement.
If a business fails to file a periodic report within the designated timeframe in Colorado, it may face penalties and potential consequences. The Secretary of State’s office will issue a notice of delinquency, giving the business a limited period to file the report and pay any associated fees. Failure to comply can result in administrative dissolution or revocation of the business entity’s status, which may limit its legal standing and ability to conduct business in the state.
Yes, Colorado provides an online filing option for businesses to submit their periodic reports. The Secretary of State’s website offers an electronic filing system where businesses can complete and submit their reports conveniently. This online platform simplifies the process and allows for efficient filing, reducing the need for paper forms and manual submissions. However, businesses also have the option to file reports by mail or in-person if they prefer those methods.