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DR 8535 (09/04/14) COLORADO DEPARTMENT OF REVENUE Marijuana Enforcement Division 455 Sherman Street, Suite 390 Denver CO 80203 Phone (303) 205-8421 Change of Ownership/Structure Directions: Submit.

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How to fill out the Change Of Ownership/Structure - Colorado online

This guide provides step-by-step instructions for completing the Change Of Ownership/Structure form for marijuana licensing in Colorado. Whether you are changing ownership or the structure of your business, this detailed overview will assist you in filling out the form correctly.

Follow the steps to successfully complete the Change Of Ownership/Structure form.

  1. Click ‘Get Form’ button to access the Change Of Ownership/Structure form and open it in your preferred digital editor.
  2. Fill in the licensed (legal) business name and, if applicable, the new name of the entity. Provide the necessary details of your business, including the DBA (Doing Business As) name and license number.
  3. Input the physical address, city, state, and ZIP code for your business. If the mailing address differs, include that information as well.
  4. Indicate which changes apply by checking the relevant boxes such as reallocation of ownership/control, distribution to new persons, or changes in business entity name or structure.
  5. Answer the initial questions regarding the timing of the ownership change and local approval. Ensure you submit proof of local approval if required.
  6. List the current ownership structure by providing the details of all persons or entities with ownership interest. Include their titles, addresses, business associations, and dates of birth or SSNs/FEINs as needed.
  7. Next, describe the ownership structure after the change. Use the same detailed format to outline the new ownership interests and any changes in business associations.
  8. Certify the application by filling in the name of the person completing the form, their title, and signing with the date of completion.
  9. Once all sections are carefully filled out, review the entire form for accuracy, then proceed to save your changes. You may download, print, or share the completed form as necessary.

Start completing your Change Of Ownership/Structure form online today!

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The owner gets tired and burnt out: This is frequently cited as a reason why business ownership transfers occur. If you as a business owner wait until you are tired, you are already on the downside of the value curve. This feeling is almost unavoidably transmitted to customers and employees in many subtle ways.

Transferring Ownership in an LLC When the ownership transfer is a sale of the LLC, a buy-sell agreement may be necessary. An operating agreement should specify the process for ownership transfer, but if it doesn't, you must follow state guidelines. Under some circumstances, the state may require you to form a new LLC.

To amend your Articles of Organization for a Colorado LLC, you must file an Articles of Amendment form with the Colorado Department of State. You must also include a $25 filing fee.

If you want to someday hand over your business to a family member, transferability will be an important consideration. Corporations are the easiest kind of incorporated structure to transfer.

Depending on your state, you will probably do this through: Filing “Articles of Amendment” with your state's business registration agency. Filing a “Statement of Information: with your state's business registration agency. Providing a notice of ownership change as part of your annual reporting requirements.

4 Ways To Transfer Business Ownership Sell the Business. Selling your business is the most common way to transfer ownership. ... Add New Partners or Reapportion Ownership. ... Lease-Purchase. ... Transfer the Business via Gifting or Bequeathing. ... Limited Liability Company. ... Sole Proprietorship. ... Corporation. ... Partnership.

If a business has a major change in ownership, (the sale of a business, for example), part of the terms of the sale may be the assignment of the contract to the new owner. If the business sale documents don't specify, you might have to look at the contract itself.

If you need to change your LLC's principal office address or mailing address in Colorado, you can do so pretty easily by filing a Statement of Change form with the Colorado Secretary of State (SOS). This must be done online and only costs $10. You'll also need to inform the IRS that your business address has changed.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232