Hardly ever is a license or allow legitimate in perpetuity. As a substitute, you should renew your paperwork (and pay renewal charges) frequently to maintain your small business in good authorized standing. The renewal interval varies from one allow to the following. For instance, a enterprise license in Aurora is legitimate for 2 years from the date of issuance. A marijuana license have to be renewed yearly with the Division of Income.
Conversely, a gross sales tax license is legitimate for 2 years however expires on the finish of every odd-numbered 12 months. So, if you happen to obtained a license in 2024, it might expire on the finish of 2025, even when it hasn’t been 24 months precisely.
When finalizing your utility, be certain that to concentrate to the renewal date. Additionally, the charge could also be totally different for a renewal (typically cheaper), so preserve that in thoughts. Most Colorado companies are good about sending reminder messages when a renewal date is approaching, but it surely’s at all times good to be diligent with your individual information.
