Denver,CO limited liability company, or a "Colorado LLC" is a business structure that fits somewhere between the partnership or sole proprietorship and the corporation. Like owners of partnerships or sole proprietorships, LLC owners report business profits or losses on their personal income tax returns. The Denver LLC itself is not a separate taxable entity.
Like a corporation, all LLC owners are protected from personal liability for business debts and claims -- a feature known as "limited liability." This means that if the business owes money or faces a lawsuit, only the assets of the business itself are at risk. Creditors normally can not reach the personal assets of the LLC owners.
Experts say the LLC combines the best features of both the partnership and corporate business structures.
You'll also want to prepare an LLC operating agreement, though it isn't legally required in most states. Your operating agreement explicitly states the rights and responsibilities of the LLC owners. The main reasons to do this are to clarify your business arrangements, and to vary from the requirements of your state's LLC laws. If you don't create a written operating agreement, the LLC laws of your state will govern your LLC.
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In most states, the only legal requirement is that you file "articles of organization" with Colorado's LLC filing office, which is usually part of the Secretary of State's office. (A few states refer to this organizational document as a "certificate of organization" or a "certificate of formation.") Most states provide a fill-in-the-blank form that takes just a few minutes to prepare. You can obtain the form by mail or download it from your state's website (check Colorado Secretary of State or corporations division home page).
Colorado (Denver) allow business owners to form their own LLC by filing articles of organization. The information required for the articles of organization is not difficult. It typically includes the name of your LLC, the location of its principal office, the names and addresses of the limited liability company's owners and the name and address of the LLC's registered agent.