Monthly Archives: February 2013

February 4, 2013

Supreme Court of Colorado: Capital Infusions Are Not Trust Funds

By Tim Gordon

Reversing a Court of Appeals’ decision, the Supreme Court of Colorado has held that capital infusions by an LLC’s manager to keep the LLC afloat are not trust funds, even when the sole purpose of the LLC is to develop a single project.  Furthermore, the Court reiterated that there is nothing wrong with a contractor having only a single bank account.