Colorado Limited Liability Company Lawyers
A Limited Liability Company is one of the simplest Colorado business entities to form. However, it may not always be the proper business solution for your new business. Our Denver limited liability company (LLC) attorneys at Watson & Associates, LLC counsel our business clients in all aspects of business operations. This includes formation, incorporation, limited partnerships, and how to avoid personal liability and corporate disputes.
Watson handles a wide array of Colorado business law services that includes compliance matters, partnership disputes and dissolution problems. When it comes to forming and operating a limited liability corporation, we are the ‘go-to’ law firm for advice and representation. A summary of our business services include:
- Business law
- Contracts
- Partnerships
- Document drafting
- Operating agreements
- Business incorporation
- Outside counsel
- Regulatory and compliance
- Government contracts
- Corporate matters
Starting your Limited Liability Company is a relatively simple process. It starts with filing the articles of incorporation with the Colorado Secretary of State. However, you should consult with one of our Denver attorneys to find out other requirements s as it pertains to operations, duties and liability. Our lawyers can help you with matters related to:
- Personal liability
- Operations
- Rights and duties of the members
- Obligation to the business
Learn how to minimize personal liability and shield your personal assets. One of the most scary experiences is to learn that you are exposed to personal liability for a business obligation. This is commonly known as “piercing the corporate veil.” There is an informative article authored by John C. Murray on piercing the corporate veil. John C. Murray has also written another article addressing the “Restrictions on the use of an LLC as an asset protection vehicle.”
Our Denver based limited liability company lawyers will help you to understand Colorado law and how to best run your business without exposing your assets.
A Limited Liability Company (LCC) is best suited for single owners with a simple business operation.Like a corporation, the Limited Liability Company minimizes individual exposure. However, like a partnership it provides for flow-through taxation. As a single owner, you may find that this form is business entity is better for you. The obvious characteristics include:
- Treated as a partnership for tax purposes
- Has members rather than shareholders
- Management is vested in either managers of members
- Members have personal protection
- Restriction on the number of members
Your LLC must be legal recognized in Colorado: failure to follow these rules can incur personal liability
Articles of Organization must be filed with the Secretary of State. If not, then you are not a legally recognized LLC. You must also be careful of using dba’s. You must register them also. The ramifications in the event of a claim against you can be disastrous. Watson’s team can provide you with more information.
Advantages: starting an LLC has various advantages
- Owners of the company have the liability protection of a corporation
- An LLC exists as a separate entity much like a corporation
- Flexible Profit Distribution
- Flow-through Taxation
Our lawyers provide business law services throughout Denver metro and state of Colorado. If you need representation or counseling about you Limited Liability Company our Denver business attorneys can provide immediate assistance.
We assist clients in Aurora, Westminster, Colorado Springs, Bennett, Vail, South Denver, East Denver, Englewood, Centennial, Parker, Broomfield, Lakewood, and Cherry Creek, Thornton, Arapahoe, Adams, Jefferson and Denver counties.
Contact us to Protect Your Rights Today
If you are starting up a Colorado limited liability company, need guidance during operations, litigation or dissolution contact the Denver business incorporation attorneys at Watson & Associates today for immediate help or call us at 720.941.7200.
Attorneys: Peter Ford Theodore Watson David Medina
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Aurora, Castle Rock, Franktown, Golden, Westminster, Bennett, Broomfield, Colorado Springs, South Denver, East Denver, Cherry Creek, Centennial, Denver, Parker, Lakewood, Broomfield, Commerce City, Vail, Littleton, Englewood, South Denver, Arapahoe County, Adams county, Douglas county, Jefferson county, Boulder Colorado Limited Liability, LLC Lawyers.
