Business & Employment Law Attorney
866-693-5541 | 303-424-4286

Forming an LLC in Colorado

When Colorado entrepreneurs are considering launching a new vneture, they may be looking for structure options that allow them to protect themselves and prepare for future expansion. A limited liability company is one type of legal entity that is allowed in Colorado. Limited liability companies take their name from the concept that the liability of their owners is limited with respect to the company's debts and judgments. However, this business structure also allows for more flexible filing and record-keeping options.

All Colorado LLCs must contain text as part of their names that reveal the type of entity that they are. The business name can include "LLC", "limited liability company", or other phrases that reflect the structure. In addition, the name of the company must be unique and separate from that of other businesses registered in the state. The owners of an LLC are referred to as the members. Members can be individual owners, but they can also be other LLCs, corporations or even foreign businesses.

LLCs can be treated differently for tax purposes depending on the number of members and some other factors. For example, an LLC with one member can be handled as a "disregarded entity" for income tax purposes, part of the sole owner's tax return. It will be considered separately for employment taxes and some types of excise taxes, however. LLCs with two or more members may be automatically classified as partnerships. However, LLCs that wish to be treated as a corporation when handling their taxes can file Form 8832 with the IRS.

Entrepreneurs who want to pursue their goals can find that choosing the right business structure can come with significant advantages. A business law attorney can provide guidance and draw up the necessary documents to register an LLC or another form of legal entity.

No Comments

Leave a comment
Comment Information
  1. "I used the Bryan E. Kuhn, Counselor at Law, P.C. team to help me with a case. They were always professional, upfront, and positive providing guidance while keeping me informed."
    - L.H.

  2. "Everyone at the firm was professional, responsive and courteous. Kate was exceptionally knowledgeable and responsive and she helped me to achieve the desired outcome. I would definitely recommend this firm if you are in need of superior legal assistance."
    - J.S.

  3. "Bryan and his law firm operate with great professionalism and personal touch. I appreciated the way he and his team offered transparent communication."
    - N.S.

  4. "Kate & team were very professional in helping me to get through an uncomfortable ADA situation at my workplace. This was a very good legal experience. I would recommend Bryan E. Kuhn & team to anyone who needs work related legal help."
    - D.L.

  5. "Bryan, Katie, and all the staff in this office are super fast to respond, expert in their fields, and always helpful. We have been extremely pleased with their services for our small business."
    - T.Z.

  6. "Working with Bryan was amazing. His professionalism made a very stressful and difficult challenge as positive as possible. A great lawyer"
    D.K.