Hardly ever is a license or allow legitimate in perpetuity. As a substitute, you should renew your paperwork (and pay renewal charges) commonly to maintain your enterprise 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 should 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, in the event you acquired a license in 2024, it will expire on the finish of 2025, even when it hasn’t been 24 months precisely.
When finalizing your utility, ensure to concentrate to the renewal date. Additionally, the price could also be completely different for a renewal (usually cheaper), so maintain that in thoughts. Most Colorado companies are good about sending reminder messages when a renewal date is approaching, however it’s all the time good to be diligent with your individual data.
