Statement of Correction Correcting a Mistakenly Filed Limited Liability Companies is a legal document that was released by the Colorado Secretary of State - a government authority operating within Colorado.
Q: What is a domestic entity?
A: A domestic entity refers to an entity that is formed and registered within the state.
Q: What is a foreign entity?
A: A foreign entity refers to an entity that is formed and registered in a state other than Colorado.
Q: What is a Limited Liability Company (LLC)?
A: A Limited Liability Company (LLC) is a business structure that provides limited liability protection to its owners and is commonly used by small businesses.
Q: What happens if a foreign entity is mistakenly filed as a domestic entity in Colorado?
A: If a foreign entity is mistakenly filed as a domestic entity in Colorado, a filing correction must be made to correct the mistake.
Q: How can the mistakenly filed foreign entity be corrected?
A: The mistakenly filed foreign entity can be corrected by filing a Statement of Correction with the Colorado Secretary of State.
Q: What information is required in the Statement of Correction?
A: The Statement of Correction should include the name of the entity, the filing date, the original domestic entity ID number if available, and a brief statement explaining the correction that needs to be made.
Q: Are there any deadlines for filing the Statement of Correction?
A: There are no specific deadlines for filing the Statement of Correction, but it is advisable to correct the mistake as soon as possible.
Q: What are the potential consequences of not correcting the mistakenly filed foreign entity?
A: Not correcting the mistakenly filed foreign entity may result in legal complications and limitations on the entity's rights and privileges in Colorado.
Q: Can an attorney or a filing service be hired to assist with filing the Statement of Correction?
A: Yes, an attorney or a filing service can be hired to assist with filing the Statement of Correction, if needed.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Colorado Secretary of State.