App for Authority to Conduct Business

Need to file an Application for conduting business with the Colorado Secretary of State. Any entity not originally organized under Colorado law is considered a foreign entity, this is why the application needs to be processed.

My question is this, What does "conduct business" mean for this purpose? If a company organized in another state has an office and employees in Colorado, is that company required to file with the Colordo Secretary of State as a foreign corporation?

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