What is an LLC?

LLC stands for Limited Liability Company. An LLC is a legal entity structure that combines positive characteristics of corporations and partnerships. LLCs possess the limited liability and asset protection of a corporation with the managerial flexibility and asset privacy of a partnership.

Colorado LLCs are governed by the Colorado LLC Act. (Colorado Revised Statutes § 7-80). Read more about LLCs in Colorado (LINK) and the advantages that an LLC can offer.