![]() This document contains information about the withheld taxes and paid wages for the employees. ![]() Afterward, the employer can send the forms to the IRS for official filing.Įmployers in Colorado must also send a copy of Form W-2 to the Social Security Administration. For example, you will be capable of monitoring and estimating your business’s growth.Įmployers must request that employees return a completed Form W-4, a withholding exemption certificate. By following these record keeping tips, you will gain several benefits. ![]() ![]() The IRS website presents a list of additional items that should appear in your business’s records. Copies of tax withholding allowance certificates.Employee information, which may include full names, contact information and social security numbers.The following items should be included in the records: Use the Records Search page to browse through existing business entity names.įollowing the filing process of the 4 th quarter of the current year, employers should continue to track those employment records for at least four years. You should also search through names of other businesses to ensure that the trade name you have in mind is available. Select the Register a Trade Name option on the Colorado Secretary of State website to begin the process. If you wish to avoid using your personal name as a business name, you can file for a trade name. However, the owner is also liable for the business’s debts and the owner’s personal name is used as the business’s name. In these kinds of businesses, all profits are income of the owner. Electronic applications can be found on the Secretary of State’s File a Document page.Ī sole proprietorship business does not need to register with the Secretary of State. Here are some of the most common licenses and permits you may need.Ĭolorado businesses that are corporations, non-profits, limited liability companies and partnerships must register with the Colorado Secretary of State. Each municipality may have its own unique regulations. The local government in your area, such as that of your city or county, may require specific permits and licenses. The site also features a Licenses, Permits and Registration page, which offers more general information concerning background checks and registration. Visit the Get Licenses and Permits page of for electronic forms that allow you to renew or obtain business licenses. Several examples of state permits and licenses include: The cost and conditions surrounding the permit or license will vary. In addition to tax registration, your Colorado-based business must also acquire permits or licenses that are relevant to the nature of the offered services. Along with the forms, you will find specific information regarding each form of taxation. You can also visit the Department of Revenue’s Forms page to download the necessary electronic forms. ![]() Visit Colorado’s Department of Revenue Division of Taxation site for more information on registration requirements. However, depending on the services provided by your business, the following taxes may also apply: Examples of common forms of tax for businesses in Colorado include wage withholding tax and sales and use tax. When starting your new business in the state of Colorado, you must first register for the taxes that are related to your business’s services. ![]()
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