What is an LLC?

Find the right LLC attorney in Loveland, CO

The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits 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 benefit of limited liability, the same as a corporation. Also like corporations, LLC's may 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 creation.

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 necessary is filing the appropriate form with the Secretary of State. There can be a fee required for opening your LLC, however. Applicable Colorado laws govern the formation of LLC's and their actions. When deciding whether to form a LLC, you should consider which laws would apply to your company. Although it might take some time to find, choosing the right business structure for your company will lead to increased profitability.

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

A business in Loveland may change its form under certain conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable Colorado laws.

How Can an Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Loveland

Loveland, Colorado is a city in Larimer County. It has a population of about 67,000 people, and is located about 45 miles north of Denver.

Loveland was founded in 1877, along the newly constructed Colorado Central Railroad. Throughout the first half of the 20th Century, Loveland's economy was heavily dependent on agriculture. However, after World War II, the economies of western states, including Colorado, began to boom. Modernly, Loveland, Colorado frequently receives national recognition for being one of the best places in the country to live.

Companies like Hewlett-Packard have a substantial presence in Loveland, Colorado, creating a large and diverse employment base.

Because of its robust economy, the lawyers of Loveland, Colorado have developed very sophisticated and competent practices. If you need legal advice in Loveland, Colorado, there's probably a lawyer nearby who can help.

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