A Colorado LLC operating agreement formally names each company owner or member and governs their interactions while assigning each one’s rights and roles. It also clearly describes how the company’s business is run.
A Colorado LLC operating agreement formally names each company owner or member and governs their interactions while assigning each one’s rights and roles. It also clearly describes how the company’s business is run.
No. Colorado does not impose any state law requirements obligating an LLC or its members to execute an operating agreement, but it is considered a wise precaution.(CO Code § 7-80-108 (2022))
“Operating agreement” is the agreement that governs an LLC’s affairs and explicitly identifies each owner or member and their exact role;
Create Document