Names:
The Colorado limited liability company name must
contain
the words "limited company"
or
"limited liability company"
or the abbreviation L.C.,
LC, L.L.C.
or LLC.
The name cannot contain the words "corporation" "incorporated"
"limited partnership" or "ltd.". The name must be distinguishable from the name of any
active domestic or
foreign
LLC, corporation or partnership filed with the state.
Registered Agent:
Every LLC in Colorado must list the registered agent. The registered agent must
have a permanent legal address in
Colorado where legal papers may be accepted on a regular basis.
Members: Colorado
law allows a Colorado limited liability company to only have 1 Member
when starting an LLC in Colorado (and there is no limitation on the
maximum number of members). There are no
restrictions on who can be a Member. So, any individual,
corporation, trust, partnership or another LLC may be an owner
(Member) of an LLC.
Operating Agreement:
The LLC Operating Agreement is the official governance manual for an
LLC and evidences ownership and management rules for the business. Colorado law
does not legally require that an LLC adopt a written Operating
Agreement as part of formation, but having one is strongly
recommended to provide both legal and business benefits to a
business. An Operating Agreement is the
most important document for an LLC as it establishes the owners of
the LLC and a management structure for a
Colorado limited liability
company.
Management:
An LLC in Colorado can be
either member managed or manager managed. If your LLC is going
to be manager managed, your formation document should state that the
LLC is manager managed and have other important provisions regarding
management.
Business Purpose: Starting an LLC in Colorado can be for any
lawful purpose. There are no restrictions under the Colorado
LLC Act restricting the type of business activity an LLC may engage
in. In addition, the business purpose of starting the Colorado LLC is not required to
be set forth in the Articles of Organization.
When starting an LLC
Colorado, ColoradoBusinessFormation offers the
fastest and complete service to
forming a Colorado LLC which for a
limited time includes an excellent eBook to teach you about what to
do after formation to preserve limited liability protection.
|
