If you are thinking about forming a Colorado limited liability company, you must develop and file the Business or LLC Articles of Incorporation with the Secretary of State. Other states may sometimes refer to the articles as a certificate of incorporation. Colorado Articles of Incorporation are governed by Section 7-80-203… Read more »
Failure to Grasp the Basics Of Forming a Single Member Can Leave Exposed to Personal Liability and Creditors Get help with Colorado LLC operating agreement single member companies There are various types of business entities under the various state laws. In the case of a single-member LLC under LLC Colorado… Read more »
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 »
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 Colorado LLC Laws, your personal assets can be exposed to creditors There is… Read more »
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 »
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 »
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 »
Understand the Basic Steps to Setting up an LLC in Colorado However, depending upon the business’ goals and structure, there could be some pros and cons when you are creating an LLC in Colorado. Understanding LLC advantages and disadvantages is a critical step to take before starting a business. Limited Liability Company LLC… Read more »
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 »