Starting a Business, Part Two: Partnership, Operating, or Shareholder Agreement

Starting a Business, Part Two: Partnership, Operating, or Shareholder Agreement

Depending on what entity you chose, the document that will govern the management and ownership interests needs to be discussed and implemented as soon as possible. Ambiguity as to the controlling interests, management and other pivotal rights regarding a business interest can cause significant problems the longer a company waits to implement proper documentation. You can avoid these problems if such documentation is negotiated and agreed to as early as possible.

As you can see, starting a business presents more challenges than just developing a winning idea or generating start-up capital. The value of taking the time to see that proper actions are taken early on should not be overlooked. Please think of us if you or someone you know can use the services of a business formation attorney. We can help and we are always happy to hear from you. You can reach us at (203) 651-5521.

Categories: Business Planning