How to Dissolve a Colorado LLC
How do you dissolve a Colorado limited liability company?
If you are ready to formally end your business operations, you can dissolve a Colorado limited liability company (LLC) by filing a Statement of Dissolution online with the Secretary of State.
Colorado handles all entity dissolutions instantly through its online portal. Below is a quick breakdown of the commonly asked questions and core filing details you need to know before you begin.
Colorado LLC Dissolution FAQs
Is there a filing fee to dissolve or cancel a Colorado LLC?
Yes, there is a $10 filing fee to dissolve a domestic LLC in Colorado. This fee is paid online when you submit your Statement of Dissolution.
Do I need a tax clearance letter to dissolve my Colorado LLC?
No, you do not need clearance from the Department of Revenue to dissolve your Colorado LLC. The Secretary of State processes all dissolution filings instantly online without requiring proof of tax clearance. You will just need to handle your final tax filings separately when wrapping up your business affairs.
How long does it take the state to process the filing?
Documents filed online are processed immediately in real time, and you will have access to your filed dissolution after payment has been made.
When can someone else take my business name after I dissolve?
Your business name becomes available for anyone else to register the day after your Statement of Dissolution is filed.
What is the penalty if you do not dissolve properly and just don’t file your annual reports?
If a Colorado business does not want to dissolve properly and just ignore its Periodic Report filing, the business will remain classified by the Colorado Secretary of State as “Delinquent” indefinitely. Its business name will be available for other prospective entities to take after 400 days. Other than that there is no penalty in Colorado for this course of action, except for a $100 processing fee for the Statement Curing Delinquency, if you change your mind and decide you want to return to good standing.
Colorado Secretary of State Online Forms:
Colorado SOS Business Forms List
If you’d like help establishing another company, you may find our incorporation filing service and Colorado registered agent service helpful. We provide all the forms and filing instructions you may need in your online account, or you can just hire us to do the filing for you.