Let Us Handle Your Operating Agreement Matter
From drafting to litigation, we know Operating Agreements. Let us put our experience to work for you. All material aspects of an LLC's internal rules and restrictions reside in the operating agreement. If you are on the threshold of a new business venture or have just begun one, call us for a customized and highly detailed operating agreement. It is far easier to negotiate and develop this document at the beginning of your venture than after a bitter dispute has evolved. And if the dispute has already erupted, we stand ready to handle the litigation or arbitration necessary to protect and assert your rights, both in the operating agreement and under State law. Call us today for a free telephone consultation.
Colorado Has A Default Operating Agreement In The LLC Act, If You Don't Have One...but its not as good...
It is true. The Colorado Limited Liability Company Act contains a default operating agreement which governs the relations among members and managers of an LLC. However, it has some surprising elements and often does not give you any certainty or protection. The value of a customized operating agreement, one which takes your personal situation into account, cannot be over-emphasized. It is easy to forget about this document, particularly since LLC's can be formed online for $50 by filing Articles of Organization. The problem is that LLC Articles of Organization do not spell out any of your rights and procedures, and worse, they do not even summarize the ownership structure or percentage interests. All of this happens in the Operating Agreement, which is why you need one. Call a Denver business lawyer at The Vasilco Law Group, P.C. today for your free telephone consultation.