CO Limited Liability Company Act & Colorado LLC Laws Basics

Understanding the Legal Nuances of the Colorado LLC Act Can Minimize Headaches and Costly Legal Mistakes With Colorado 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 an… Read more »

Colorado Limited Liability Company Act & LLC Compliance

The Colorado Limited Liability Company Act has a wealth of information related to operating LLC’s. However, the following are only but a few of the basics that business owners should know. Without proper formation or compliance with the Colorado Limited Liability Company Act, your personal assets can be exposed to… Read more »

Limited Liability Company vs Limited Liability Corporation

 Choosing whether to start a Colorado Limited Liability Company vs Limited Liability Corporation is a question that many small business owners ask in Colorado.  Without a deep understanding of the corporate legal formations and liability exposure, business owners often find themselves in legal trouble or facing lawsuits for personal liability. Understanding the differences… Read more »

Forming a Limited Liability Partnership LLP in Colorado

Understand and apply the various nuances of an LLP before there are  disputes and its too late. 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. Partnership laws in… Read more »

Colorado 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. Owners should keep… Read more »

Colorado Limited Liability Company — What is an LLC?

What is an LLC in Colorado? A Colorado Limited Liability LLC Company means a business structure allowed by Colorado statute. If you are forming a CO LLC you want to ensure that you consult with your state law or business lawyer to understand your responsibilities and legal obligations. Limited Liability Company members must… Read more »

Colorado LLC Laws — LLC Personal Liability Protection

LLC Personal liability protection is somewhat reduced under Colorado LLC laws when compared to other states. In 2012, the Colorado Court of Appeals “pierced the corporate veil” by deciding that business owners or corporations and limited liability companies are liable for personally responsible for business debts. See Martin v. Freeman, 2012… Read more »

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 direct comparison to the other person(s) within the business… Read more »