Limited Liability Company Setup

After getting a physical address for my as of this time purely online business, I could now complete the paperwork to setup my own Limited Liability Company. (See previous articles for why I chose to do this) There were several options for completing the paperwork and filing which I will briefly talk about. I am also mainly going to go write about the option I ended up choosing in order to accomplish the filing, and possible mistakes I may have made along the way.Options for Filing the LLC Paperwork Read more [...]

Colorado Limited Liability Company – Two Important Points About Its Liability Protection

The Colorado Limited Liability Company is a legal entity that you can form in Colorado to operate a small business.The only reason it exists is because Colorado lawmakers enacted a law back in 1990 called the Colorado LLC Act.There are two major issues that every Colorado LLC owner should be aware of to ensure that the personal liability protection is preserved.ONE: IT MUST BE EVIDENCE THAT THE COLORADO LEGAL ENTITY IS OPERATING THE BUSINESSIn Colorado, there have been court cases where a member Read more [...]

What is a Limited Liability Company and is it Right For Your Business?

What is an LLC? What's a limited liability company? Many aspiring business owners tend to ask this question a lot. A limited liability company (or LLC) is one of the options they hear about when they look up resources on how to start their own business. It might even be something that friends might mention to them, although not everybody knows what it is and how to set it up.First of all, it is not a corporation. This is a common misconception that people have. Whenever you hear someone say Read more [...]

Limited Liability Company Formation

A Limited Liability Company, commonly referred to as a LLC, is a company that combines the features of a corporation and partnership type business structure. The owners are referred to as members. The main documents that are required to be drafted are the Articles of Organization and the Operating Agreement. The survival of LLCs start by filing the Articles of the Organization with the Secretary of State and the articles have to be in the prescribed format. A state-filing fee needs to be paid. Read more [...]