Colorado Limited Liability Company Operating Agreement

Avoid Costly Legal Mistakes When Drafting Your Colorado Limited Liability Operating Agreement  What is an Operating Agreement A limited liability company operating agreement helps business owners to form the company with documentation about the business relationships between the partners. Without it, many business owners find themselves involved in costly litigation… Read more »

LLC vs Corporation

Knowing the Differences between a Limited Liability Company LLC vs Corporation Can Mean Less Liability When You Comply with the Rules. When forming a new business, you might wonder what is the difference between a limited liability company, LLC vs Corporation. What does LLC stand for in business terms? In… 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 »

Limited Liability Company vs Limited Liability Corporation Ltd vs LLC

 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 »

Joint Venture Advantages and Disadvantages

Although the SBA has new rules addressing joint venture agreements and affiliation, if you have a JV agreement that does not meet the regulatory requirements, your company can still be affiliated and lose the contract. In federal government contracting, there are many joint venture advantages and disadvantages (JV). However, there… 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 »

Strategic Alliance Small Business Joint Ventures

Small businesses continue to use joint ventures as a strategic alliance to get larger government contracts.  There are various advantages and disadvantages of forming venture relationships. There are also specific rules that govern these alliances. Yet  small businesses continue to lose larger contracts due to increasing amounts of small business size… 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 »

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 »