Did bogus business filings artificially boost Colorado’s economic data? And what should the state do?

The Denver Post: Colorado residents have formed a record number of new businesses this decade, especially after the state reduced the filing fee for new limited liability companies or LLCs to $1 in the summer of 2022.

The fee holiday, however, also triggered a surge in fraud, as evidenced by a lawsuit against one individual who registered more than 15,000 new businesses to a single Northglenn address.

More than a year on from the fee relief, business registration delinquencies are rising sharply, indicating some filers’ level of commitment didn’t extend beyond submitting paperwork.

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