Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Michael Best says it published a guide to Colorado’s Artist Company structure
Michael Best said it published a guide to Colorado’s Artist Company Act for creative founders and investors. The firm’s article examined how the new limited liability company structure separates artistic control from economic participation and addressed governance, financing and intellectual property arrangements for creative ventures.
Key points
- Michael Best said artist-members must retain at least 51% of voting securities.Michael Best
- The firm discussed the option to organize as a Public Benefit Artist Company.Michael Best
- Michael Best examined statutory reversion of artistic works on dissolution, subject to exceptions.Michael Best
- The firm said the Act took effect August 12, 2026, and the Secretary of State must offer long-form articles of organization by July 1, 2027.Michael Best