Unlike a sole proprietorship and general partnership, an individual must file Articles of Organization with the Colorado Secretary of State to set up a Limited Liability Company, commonly called an LLC. The filing of the Articles of Organization establishes the LLC.
An LLC can have one or more owners who are called members. The relationship between the members and the LLC is governed by the Operating Agreement. This document explains the rights and responsibilities of members and how votes are taken.
An LLC must have the appropriate licenses to do business in its local city and county and the state. This includes filing for sales tax if applicable, unemployment insurance if applicable, and for specialized business licenses (i.e. for construction, professional services, liquor licenses, etc) in addition to other filings.
An LLC may have additional documents depending on the situation. For instance, employment agreements, intellectual property agreements, and investor agreements may be necessary.
If you are starting an LLC and need help with the required documents or are unsure what documents you need, please feel free to call me, your Denver small business lawyer, at 720-258-6647, email me at firstname.lastname@example.org or contact me through my contact form.