Colorado Secretary of State Scott Gessler recently announced that all online business filing fees have been reduced to $1 (not including late fees). The fee reduction for nonprofits went into place on October 1, 2012, while for-profit entities saw a similar reduction on December 1, 2012. According to Gessler, the fee reduction is intended to help state businesses grow and create jobs. The new fees will be reviewed on a monthly basis to ensure the office is still able to meet its budget. For more information on the cuts, go here.