Home to the Mile High City and the majestic Rocky Mountains, Colorado is a fantastic vacation destination, but an even better state to call home. And with over 300 days of sunshine a year, it’s no wonder The Centennial State’s population continues to grow by leaps and bounds every year. Given the perennial popularity of the great state of Colorado, chances are good that your next employee could be a Coloradan. Fortunately, in this era of remote work, collaborating across state lines is easy, no matter where your business is based.
Bringing on a new employee can be exciting, but there’s a lot to do as well. You want to onboard your new hire as quickly and smoothly as possible to ensure their success at your organization. But before you get started with onboarding, you’ll need to register your business with the state of Colorado. Fortunately, registering with the state is easy.
Register your business in Colorado in three easy steps:
- First, you need to make sure you have a registered agent in Colorado. You can hire someone to act as your registered agent. Learn more about registered agents here.
- You can register with both the Colorado Department of Revenue and the Colorado Department of Labor and Employment online through MyBizColorado. Once you’ve registered online, you’ll get an instant confirmation. You’ll also get a letter in the mail later.
- After you’ve registered through MyBizColorado, you can set up your account with the Department of Revenue to manage your withholding responsibilities.
If you have employees in Denver, Aurora, Sheridan, Glendale, or Greenwood Village, you may be liable for additional local taxes as well.
It’s important to remember that you are responsible for paying an unemployment tax once you’ve paid $1500 in wages in a single calendar quarter, or employed someone for a portion of a day in 20 weeks in a calendar year.
Once you’re registered with MyBizColorado, you can manage your licenses, sales tax, wage withholding, and unemployment insurance accounts online.
Interested in expanding your team outside of the US as well? Pilot specializes in managing international payroll, benefits, and compliance for US-based companies, in one secure platform. Our team of HR and payroll experts is happy to guide you through any questions ✨
To learn more about Pilot, request a demo with one of our experts.
⚖️ Legal Disclaimer: The information contained in this site is provided for informational purposes only, and should not be construed as legal advice on any subject matter.