March 2009
4 posts
Colorado Limited Liability Company: One Pitfall to...
The primary purpose of forming a Colorado limited liability company is to protect your personal assets against any liabilities that could be awarded to due to a suit brought by a business with whom you deal. The LLC protection can fail you though in certain circumstances.
More than one of the standard ways LLC owners find themselves directly responsible in a lawsuit are explained in this...
Operating Agreement LLC: Key Document for an LLC
The Operating Agreement LLC is the most important document after the formation certificate for an LLC business. This is because it evidences ownership and sets forth the rights and responsibilities of the owners.
This agreement will contain instructions and directions for how the LLC becomes authorized to enter into transactions and how it will operate on a daily basis.
All the participants...
LLC Agreements: Why You Cannot Do Business Without...
An LLC cannot conduct business for long without someone asking to review its LLC Agreement. Avoid any delays or even losing customers or partners by having a proper agreement in place from inception.
This article describes common situations where this need for an llc agreements review arises:
Identity of Members
LLC Agreements establish the ownership of the business by evidencing who the...
Sample Operating Agreement Pitfalls
The operating agreement provides the fundamental structure of an LLC business. It is important when seeking out a sample operating agreement to make sure you find a proper one. Beware of the many out there that are incomplete, improper or not protective enough for you and your business. A SAMPLE OPERATING AGREEMENT SHOULD ADDRESS MAJOR BUSINESS MATTERS When it comes to operating a business,...