Are members of a limited liability company ("LLC") able to bring a claim to partition LLC property? We're often asked to determine what rights members of LLCs actually have with regard to the property of an LLC. Understandably, many people…
First, what a Buy-Sell Agreement is NOT: A buy-sell agreement is not an agreement to buy or sell a company. A Buy-sell agreement is a binding contract between co-owners (partners, members or shareholders for instance) that controls when certain events…
Colorado corporations (and Colorado s-corp) are governed by the corporation’s bylaws and often a shareholder agreement. (For a discussion on Colorado Limited Liability Company (Colorado LLC) Operating Agreements see our previous post). A shareholder agreement is a written agreement between…