Choosing a Corporate Entity in Denver

Colorado state law provides several options to businesses and individuals who need to form a corporate entity, and identifying the best corporate structure is crucial, as it must best fit your unique needs and objectives. With this variety comes a certain degree of complexity that can actually pose a problem to someone not well-versed in the details and workings of business & commercial law, as it can be difficult to ensure that your choice of entity does not leave you with a corporate structure that hinders the operations of the group and exposes you to liabilities.

Before you take action on forming any type of corporate entity, it is important that you speak with an experienced attorney who can consult with you about your situation and help you select the one that will serve you most effectively. The number of options available in our state has increased in recent years, and even if you previously incorporated, there is always the possibility of restructuring under a different pattern. Some of the most frequently used forms include limited liability companies (LLC), general partnerships, limited liability partnerships (LLP), limited liability limited partnerships (LLLP), and corporations. These differ in many ways, from the management structure and the degree to which the partners are shielded from the debts of the entity to whether the corporate transactions and profits of the entity are taxed before being paid to the partners.