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Tag: LLC

Colorado’s New Registered Agent Rules

Colorado’s New Registered Agent Rules

Starting July 1, 2025, Colorado is tightening the rules around registered agents in an effort to curb fraudulent business filings. If you own or manage a business entity in Colorado—or act as a registered agent yourself—here’s what’s changing and what you’ll need to do to stay compliant. What’s Changing? The new law, House Bill 24-1137, was passed in 2024 as part of the state’s broader effort to prevent business fraud. It adds new requirements for both individuals and entities serving…

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Legal Tips for Landlords

Legal Tips for Landlords

Being a landlord comes with its share of responsibilities and risks. Protecting yourself legally can save you from potential disputes, financial losses, and significant stress. Here are key strategies to help safeguard your interests as a landlord: 1. Screen Tenants Thoroughly The first line of defense is ensuring you rent to responsible tenants. Conducting thorough background checks is essential. This includes: 2. Use a Comprehensive Lease Agreement A well-crafted lease agreement is your primary tool for protecting your rights. Your…

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Unmasking the Spooky Advantages of a Manager-Managed LLC

Unmasking the Spooky Advantages of a Manager-Managed LLC

In the eerie landscape of business structures, where decisions cast long shadows on the fate of companies; the choice between a member-managed and a manager-managed LLC looms large. This evening, we step into the haunting realm of the latter; unmasking these spine-tingling advantages, sending shivers down your entrepreneurial spine. Clear Division of Responsibilities Within the cryptic confines of a manager-managed LLC, roles emerge like apparitions in the mist. Designated managers, akin to spectral overseers, guide the day-to-day operations with a…

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Demystifying The LLC Capital Account

Demystifying The LLC Capital Account

For small business owners, forming a Limited Liability Company (LLC) is a popular choice due to its flexibility and liability protection. One aspect of LLCs which can be confusing is the capital account. Following is a break down of how an LLC capital account works. Hopefully this will help you understand its significance in your business operations. What Is an LLC Capital Account? An LLC capital account is essentially a financial record that tracks each member’s ownership interest in the…

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Starting an LLC in Colorado

Starting an LLC in Colorado

Starting an LLC: An LLC is a legal business entity that has the benefits of both a corporation and a partnership. It has the pass-through taxation of a partnership, but provides personal liability protection like a corporation. The Limited Liability Company (LLC) is the most flexible types of entities for business owners in Colorado. A Colorado LLC provides you with personal liability protection and keeps your profits “passed through” to your individual tax return, which means you can take any…

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