Forming a Colorado Limited Liability Partnership LLP

Forming a Colorado limited partnership means operating a business with more than one owner. This type of business partnership offers owners some level of limited personal liability for business debts. A limited liability partnership (LLP) adds to the other business entities. The difference is that although looked at as a… Read more »

Advantages of a Partnership

When you consider the advantages of a partnership, a business can actually gain a stronger footing in overall business operations. Although the decision to form a business partnership has its pros and cons, the result can be a great benefit. The common fear for all start-up businesses is whether the… Read more »

What is a Business Partnership?

A partnership in business is the relationship formed between two or more persons who carry on a business or trade for a profit. A complete definition of a partnership agreement is determined on a state by state basis within the state statutes. Regardless of whether you have a business partnership agreement in place,… Read more »

Limited Liability Company LLC Partnership Agreement

Know the Basic Contents of  Your Colorado Limited Liability Company Partnership Agreement Although there may be other items that you want to include in a Colorado limited liability company  LLC partnership agreement, there are some important things that you may wish to consider before finalizing an executed operating agreement. It is always… Read more »

What is a Partnership? General Partnership vs Limited Partnership

A Limited Partnership, as compared to a general partnership, is formed by two or more people doing business. At least person must act as the general partner. That person must have actual management authority for the day-day- activities of the company. This is in direction comparison to the other person(s) within the… Read more »

Business Partnership Agreement & Business Partnership Contracts

A business partnership agreement in Colorado is a necessary document when starting a business. Having this important contract between business partners can reduce the need for expensive litigation. It can also serve as a reminder between partners of their obligations to each other and to the business. 48% of business… Read more »

SBA Joint Venture Definition and JV Meaning

The legal definition of a joint venture JV for purposes of a federal government contract is an arrangement where two or more companies enter into a JV relationship for the sole purpose of bidding on and performing a government contract. Under the federal joint venture definition, the venture constitutes a… Read more »

Registering a Single Member LLC in Colorado

There are various types of business entities under the various state laws. In the case of a single member LLC, this business entity only has one member. Unless the business owner chooses to become a disregarded company for tax purposes, the IRS will treat your business like a corporation. Knowing… Read more »

Colorado Limited Liability Company Act LLC Basics

Understanding the Legal Nuances of the Colorado Limited Liability Company Act Can Minimize Headaches and Costly Legal Mistakes With LLC Laws. Many start-up companies in Colorado elect the LLC business entity. However, failure to follow the basic statutory requirements can expose business owners to personal liability. Although easy to  start… Read more »