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Business Formation Archives

What is a founders' agreement and why do you need one?

When you start a new company, it is very important to make sure that all of your legal paperwork is in order. This includes things like nondisclosure agreements, articles of incorporation, shareholder agreements, employee contracts and much more. Obviously, the specifics differ from one business to the next; for instance, a business without shareholders or investors needs less paperwork than one that has both.

What should I include in my LLC's operating agreement?

If you've looked into incorporating your business as a limited liability company (LLC), then you've likely heard the terminology "operating agreement" (OA). It's serves a similar role to a corporation's bylaws. It's the document used to enumerate the different LLC owners' business arrangements with one another as well as the procedures that they intend to follow in operating their business.

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