Colorado Business Partnerships 

Denver Partnership Formation Attorneys

Colorado business partnership law governs the relationship between business associates that decide to pool skills and resources to operate a business for a profit. Having a Denver partnership formation attorney at your side can avoid costly mistakes. If you are considering adding a partner to your business it is critical to understand the requirements and obligations. All parternship operations in Colorado are governed by the The Colorado Uniform Partnership Act.

The Colorado business partnership lawyers at the Denver law firm of Watson and Associates, LLC are experienced in Colorado corporations and business entities. We focus on building long-term relationships with small or large business in the Denver metro area to provide a one-stop shopping point for all of your partnership and business legal needs.

• Sound partnership agreement

• Colorado limited partnership

• Colorado incorporations

• LLC Partnerships

• Business Partnerships

• Partnership Limited Liability Company

We understand partnership Law - protect your partnership rights

Our Limited Partnership clients include  in Aurora, Castle Rock, Franktown, Golden, Westminister, Bennet, 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 and other surrounding Denver metropolitan areas. 

Call us now to get your Colorado partnership dispute issues resolved with as less headache as possible. (720) 941 7200.   

How we can help you

The type of business partnership is the first step to forming a partnership. Oftentimes, you may have an investor that merely wants to help the business with finances but is not interested in the every-day operations.

A limited partnership could be the better way to go. Other times, you may want a partnership agreement that limits the liability in different proportions depending on whether it is losses or profits. The most common problem is usually the rights of the partners when there is a disagreement. Contact our lawyers can to advise you on the solutions to almost any problem that arises under Colorado partnership law.  

Top Ten Do's and Don'ts

TOP TEN DO'S

·         Use a "For" and "Against" list when deciding if and whom you should have as a partner.

·         If considering a partner, look for someone with complementary skills to your own.

·       If you take on a partner, have a buy-sell agreement in place before you start.

·      Consult with a lawyer when deciding on what form of business best suits your needs.

·      Use an intellectual property lawyer to protect your intellectual property rights: your trade name, company name, logo, etc.

·      Outsource your payroll responsibilities to a payroll service provider.

·      Establish a tax deferred pension plan for yourself and your employees.

·       Collect referrals about lawyers, accountants and insurance agents before retaining them.

·       Use your attorney to assist you in maintaining compliance with changing labor laws.  

Partnership Documents 

Depending on the type of partnership, you must follow Colorado statutory requirements. You should first file your incorporation documents with the Colorado secretary of State. If you do not already have a tax id number you can acquire this on the IRS home page. Various city and county requirement and filings also exist.

An experienced Denver business partnership attorney will advise you to have a partnership agreement. This minimizes a lot of business litigation. Operating agreements also minimize the risk of partnership disputes. This documents spells out the responsibilities and limitations on authority. 

Partnership Obligations

Partnership obligations and duties are established in the partnership agreement and by-laws. As with a sole proprietorship, general partners are personally responsible for the debts and obligations of the business partnership. Our Frequently Asked Partnership Questions (FAQ) section is available for further review.

All partners must agree to the participation of each co-partner. A person cannot be forced to be a partner or to accept a specific person as a partner. According to the UPA, a person is defined as a natural person, partnerships, corporations and other type of associations. If you have concerns or disputes in your partnership, contact one of our Denver partnership lawyers for immediate assistance at (720) 941.7200 

Our Colorado partnership disputes lawyers assist clients include  in Aurora, Castle Rock, Franktown, Golden, Westminister, Bennet, 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 and other surrounding Denver metropolitan areas. 

Contact us to protect your rights

If you need an experienced Denver business partnership lawyer to draft, negotiate or review your business partnership agreements, contact the business partnership attorneys at Watson and Associates, LLC at (720) 941-7200.

Firm Overview | Areas of Practice | Get Directions | Newsletter | Our Staff | Contact Us Colorado Business Partnership Lawyers in Denver Other Corporate Services