Colorado Articles of Incorporation
Colorado articles of incorporation are filed to create a corporation.
Preparing and filing your articles of incorporation is the first step in starting your business corporation. Approval of this document secures your corporate name and creates the legal entity of the corporation. Only after this approval can the corporation apply for tax IDs, obtain business licenses, sign contracts, and otherwise conduct business.
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your business name
- Provides governance and adds credibility
Other Helpful Colorado Facts
As you are preparing to incorporate, keep in mind the following requirements specific to Colorado.
- Number: At least one is required.
- Qualifications: Individual, eighteen years of age or older.
- Quorum: Majority of directors, unless the bylaws fix a greater number, but no less.
- As stated in the bylaws. Must be eighteen years of age or older. One person may hold multiple offices. One officer is required to be responsible for maintaining corporate records.
- Required: No.
Colorado Annual Shareholder Meeting
- Required: Yes.
- Action by written consent: Allowed if consent is unanimous among all entitled to vote on the action.
- Qualifications: N/A
- Stock Certificate: Optional, but shareholder must receive a writing with the same information.
- Voting Trusts Allowed: Yes.