A Colorado limited liability company operating agreement goes hand-in-hand with a well-organized company. This is true in the case of sole-member limited liability companies and multi-member LLCs. Here, Colorado LLC members will document their company’s exact policies, procedures, and hierarchy or structure while guaranteeing mutual compliance through each one’s signature.
Understandably, it would be best to issue this in writing, especially for single-member limited liability companies, since a physical document would prevent confusion between members questioning the original agreement and show the date marking when the company’s policies became effective.
Is it Required in Colorado?
No. Colorado does not impose an operating agreement requirement on limited liability companies. A limited liability company in this state can form and exist without one.
By Type (2)
Single-Member LLC Operating Agreement – For limited liability companies having only one (1) member.
Multi-Member LLC Operating Agreement – For Colorado limited liability companies that have a minimum of two (2) members.
State Definition
“(11) (a) “Operating agreement” means any agreement of all of the members as to the affairs of a limited liability company and the conduct of its business. Except as otherwise provided in this article or as otherwise required by a written operating agreement, the operating agreement need not be in writing. An operating agreement may contain any provisions required or permitted by section 7-80-108 (1). An operating agreement includes any amendments to the operating agreement.”
