Tag Archives | operating agreement

How to Start a Business: Part 5

I bet you thought I had forgotten about the “How to Start a Business” series of posts, didn’t you?  Well, I didn’t forget.  I just got side-tracked by tax day and of course, my birthday!  So, getting back to our regularly scheduled programming…. Prepare Entity Documents Depending on your entity structure, you are likely to [...]

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How to Start a Business: Part 3

Which Legal Entity Should I Pick? So, we’ve written our VISION PLAN and our one page BUSINESS PLAN.  Now, it’s time to actually form the legal entity.   Should you be an limited liability company (LLC) or a corporation?  If a corporation, should you elect S Corp status? And if there is more than 1 [...]

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LLC Owners–Where’s Your Operating Agreement?

Often times I’m asked why someone should use an attorney to form a “simple” LLC when “all you have to do is”…and then the person proceeds to tell me how easy it is to form an LLC. I usually never try to debate the merits of using an attorney versus doing it yourself. Clearly, I [...]

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