An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.

The steps for signing up for a LLC (Limited Liability Corporation):

For Colorado CLICK HERE 

1. Click on “Search Business Database”
2. Type the name you want at the bottom where it says
   “Name Availability”
   NOTE: One of the following terms or abbreviations is required to be included in the entity name:
   • “Limited Liability Company”
   • “Ltd. Liability Company”
   • “Limited Liability Co.”
   • “Ltd. Liability Co.”
   • “Limited”
   • “L.L.C.”
   • “LLC”
   • “Ltd.”
3. When you find one that is available click on “File Articles of Organization for Limited Liability Company”
   
   We can file the entity for you, for a fee, if you would prefer not to do it yourself.

What are the new FinCen Filing Requirements starting in 2024? All Corporations, S-corporations, limited liability companies (LLCs), limited partnerships, certain trusts and other entities that file formation papers with a state’s Secretary of State’s office (or similar government agency) must file a report with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) providing specified information regarding the entity’s “beneficial owners.”

The types of information that must be provided (and kept current) for these beneficial owners include:

1. The owner’s legal name
2. Residential address
3. Date of birth
4. Unique identifier number from a nonexpired passport, driver’s license, or state identification card
5. An image of any of these forms of documentation to FinCEN for all beneficial owners.

Most entities must file these reports by January 1, 2025. However, entities newly formed in 2024 will have 90 days from the entity’s formation/registration to file these reports. Beginning in 2025, newly formed entities will have 30 days to comply.

Any updates or corrections to beneficial ownership information that was previously filed with FinCEN must be submitted within 30 days.

For more information and to file your company’s report, go to https://www.fincen.gov/boi