Publication Date
2026-02-23
effective date
2026-03-12
jurisdiction
Colorado Updates Allowed Business Types Processed Electronically

Effective March 12, 2026, Colorado will no longer offer the firm type "Sole Proprietor" as an option for Business Entities during electronic license applications.  Colorado will only allow the following business types to be processed electronically:

  • Corporation
  • Partnership
  • Limited Liability Company (LLC)  
  • Limited Liability Partnership (LLP) 
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing

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