When you form your business, you should ensure that you have a written agreement with your business partners. No matter how well you know your business partners, it is always important to set out in writing each person’s rights and obligations going forward so as to limit conflicts that may arise. Such an agreement might take the form of a partnership, shareholders’ (corporations), operating (LLCs), or other similar agreement, depending on the type of business entity involved. Any such agreement should be prepared by a New York City business transaction lawyer who understands the issues involved.
At Hendricks Law Firm PLLC, we regularly draft owners’ agreements and can assist you with setting out your business arrangement with your business partners in writing.
Contact us and let us know how a New York City business transaction lawyer can help you.