This Operating Agreement is for a Limited Liability Company with only one Member. This form may be perfect for an LLC started by one person. You make changes to fit your needs and add description of your business. Approximately 10 pages. It allows for eventual adding of new Members to LLC.
Operating Agreement For Single Member Llc Colorado
State:
Colorado
Control #:
CO-00LLC-2
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Colorado Single Member Limited Liability Company LLC Operating Agreement?
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FAQ
Colorado does not require an SMLLC to have an operating agreement. However, even though an SMLLC has just one member, an operating agreement is highly recommended. An SMLLC operating agreement does not need to be filed with the state. The operating agreement is usually made between the single member and the LLC itself.
Once the document is complete, it should be filed and recorded. All members (including sole proprietors) must take the time to carefully review all aspects of the document. If the language is unclear, a consultation with a knowledgeable attorney may be needed. This document will not require notarization.
An LLC operating agreement is not required in Colorado, but is highly advisable. This is an internal document that establishes how your LLC will be run. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.
Get together with your co-owners and a lawyer, if you think you should (it's never a bad idea), and figure out what you want to cover in your agreement. Then, to create an LLC operating agreement yourself, all you need to do is answer a few simple questions and make sure everyone signs it to make it legal.
Here are some examples of what information should be gathered for preparation of a single member LLC operating agreement:Basic details of the company.Company purpose.Member information.Company duration.Initial capital of the company.Tax status.Manager information.Limitation of liability.More items...