What is an LLC?

Find the right LLC attorney in Longmont, CO

The Limited Liability Company, or LLC, is a legal form of business organization that offers the advantages of several other traditional structures. Like a sole proprietorship or partnership, an LLC is not taxed as its own entity. However, it still has the advantage of limited liability, the same as a corporation. Also like corporations, LLC's can have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Colorado since the legislature enacted laws authorizing its formation.

Can My Business Be Formed as an LLC?

A business in Colorado can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is required is filing the appropriate form with the Secretary of State. There may be a fee required for opening your LLC, however. Applicable Colorado laws govern the formation of LLC's and their actions. You should consider these laws when deciding whether to organize your business as an LLC. Finding the right business structure for your company may take some effort, but it will ultimately make your business more profitable.

Can I Change the Form of My Business to an LLC?

Businesses in Longmont may sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by Colorado law.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local attorneys practicing business law in Colorado.

Talk to a Business Law Attorney now!

Life in Longmont

Longmont, Colorado is a home-rule municipality in Boulder and Weld Counties. It is located near the northeastern corner of Colorado, and has a population of about 86,000 people.

One of the largest employers in Longmont, Colorado is Seagate Technologies, with over 1,160 employees. Seagate is one of the largest manufacturers of hard drives in the world. This company employs a large number of engineers and manufacturers. It also employs several white-collar professionals, including some Longmont, Colorado lawyers.

Another large employer in Longmont is Amgen, one of the world's leading biotech companies, which also employs many Longmont, Colorado lawyers.

If you live in Longmont, Colorado and need legal advice, it's almost certain that you'll be able to find a Longmont, Colorado attorney who can help you with your legal issue.

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