Governing Documents
Whether you are a sole proprietor or have multiple investors, if you don’t formalize how your business will be managed, then someone else (i.e. a Judge) will dictate what you can or can’t do within your business if an issue arises. What does your business need?
Below are a few of the common documents we prepare for our entrepreneur clients to help them take control of their business from the start, instead of waiting for the business to grow and take control over them.
- Operating Agreement – Document that details the set up and operation of a limited liability company between the company and its members.
- Bylaws – The rules and regulations that govern a corporation’s internal affairs.
- Non-Compete Agreements – Agreement that prohibits competitive activities by employees during or after employment.
- Shareholder Agreements – Agreement between a corporation and its shareholders regarding the purchase and sale of the corporation’s stock.
There are many important considerations that go into how decisions will be made and how your business will run. This firm is in the business of preventing lawsuits, and one of the best ways to do that is to make sure your new business has the proper governing documents. “An ounce of prevention is worth a pound of cure.” Ben Franklin