Operating Agreements in Colorado | LLC Agreements Lawyer
Under the law of the state of Colorado, operating agreements (i.e., LLC agreements) are understood to be contracts that govern the relationship between members (owners) and managers (officers) of a limited liability company (LLC). Written operating agreements help clarify the parties’ roles, compel forethought, reduce the likelihood of selective memory and enhance enforceability.
In Colorado, LLCs may be multi-member or single-member and they may be manager-managed or member-managed. In Colorado, operating agreements are routinely upheld as enforceable by the courts. Colorado courts have stated that operating agreements are “creatures of contract” and that the parties are expected to “scriven with precision.” The parties must be know the terms of an operating agreement inside and out before signing it, lest they get themselves into a situation that is undesirable and not easy to get out of.
If you are an entrepreneur who is starting a new business in Boulder, Colorado and are looking for an Operating Agreement Attorney in Boulder, Colorado with a results oriented, cost-effective approach tailored to your matter’s specific needs, contact Newell Law. We have the experience and knowledge to achieve the best results possible for your case.