Starting a limited liability company (LLC) in Colorado is not difficult. However, the formation and incorporation stages can become a nightmare if you do not have the right documents in place.
The biggest problem for new company owners is that they do not have a viable operating agreement in place.
Business owners also fall into legal traps when the limited liability company somehow does not protect them from personal liability due to non-compliance with Colorado LLC laws.
In addition, Colorado business owners also fall into legal traps when the limited liability company somehow does not protect them from personal liability due to non-compliance with Colorado LLC laws.
At Watson & Associates, LLC, our business lawyers understand that protecting your personal assets and having a legally sound business operation is paramount.
We offer a broad range of business services to limited liability company owners, limited partners and other business entities throughout Colorado. Our Denver-based attorneys educate clients about their legal rights and legal responsibility to the LLC.
Colorado Limited Liability Company Attorney Services
If you are forming an LLC in Colorado or need to better structure your business entity, our LLC lawyers can help with:
- Drafting Colorado LLC operating agreements
- Articles of Incorporation
- Drafting and reviewing business contracts
- Independent contractor agreements
- Non-compete agreements
- Breach of contract matters
- Employment contracts
- Litigation under Colorado LLC laws
- Addressing personal liability disputes
- Representing the business in litigation
- Serving as outside counsel to the LLC
To speak to a Colorado limited liability company lawyers, call 720-941-7200.
A limited liability company (LLC), if formed correctly is a business entity that keeps its liabilities away from the personal owners. Colorado LLC laws also allow for flow through taxation instead of the double taxation seen in larger corporations.
There are certain types of companies, namely professional organizations (lawyers, doctors etc.) that cannot incorporate or form LLCs under Colorado business laws.
The definition of limited liability in LLC companies means that members and partners of the LLC are not personally liable for the debts of the business. However, owners must understand the parameters that allow such protection. This is one area where Watson & Associates’ Colorado limited liability company lawyers can help.
- It is always better to form an LLC in Colorado instead of a sole proprietorship.
- Despite having an LLC, failure to follow specific laws opens the door to personal liability.
- Making sure that you have a sound Colorado LLC operating agreement can protect LLC members.
Colorado LLC Operating Agreement
The Colorado Secretary of State does not require you to file your LLC operating agreement when you incorporate. However, conducting business without a viable operating agreement can cause grief later or even lead to expensive litigation.
The operating agreement contains very important information that spells out the duties, responsibility and authority of each LLC partner.
When corporate disputes occur, a viable operating agreement can create substantive reasons to initial breach of fiduciary duty actions against the LLC and other partners. Without a valid operating agreement, the ability to protect the company rights is more difficult.
At Watson & Associates, our Denver business attorneys help you to draft and analyze your operating agreement for soundness and viability under Colorado LLC laws.
Incorporate – Call our Denver Colorado LLC Business Lawyers
For immediate help incorporating or closing your limited liability company in Colorado, contact Watson & Associates LLC for immediate help. Call 720-941-7200. FREE INITIAL CONSULTATION.