Month: December 2014

Business Law Basics: Essential Elements of an Operating Agreement

Your business needs an operating agreement. But what should your operating agreement define? Below are several essential issues that must be addressed in your agreement: Ownership division. Is the percentage of ownership of the business based on financial contributions or other factors? And is this percentage of ownership directly reflected in the pay each partner …

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Business Law Basics: Why Your Business Needs an Operating Agreement

Getting your new company off the ground? The first step from a legal standpoint is formally registering and structuring the business – but don’t stop there! (Many business owners DO stop there… and end up regretting it.) There are a number of additional legal documents which should be created, even though they aren’t required by …

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