A partnership agreement is a contract for two or more people or entities used to form a business partnership. The agreement sets forth the terms and conditions and rules regarding governance of the partnership. The agreement also describes the kinds of contributions each partner will make and set forth whether it will be an equal partnership or if one partner will make a larger contribution of money, or labor than the other partner(s).
This agreement provides for partner flexibility upon the withdrawal, death or other incapacity of a partner and allows for the remaining partners to either accept such partner's successor in interest as a partner or buy-out such partner's interest, as may be agreed by the partners. This provision prevents the dissolution of the partnership outright upon such event and gives the partners flexibility in dealing with such unforeseen events.
An Independent Contractor is not an employee. Technically speaking a company is the client of an independent contractor. An employer may not dictate how, when, or where an independent contractor works. However, an independent contractor agreement is in place to set forth what is expected of the independent contractor, as well as the company, at the price, or rate, set forth in the agreement. An Independent Contractor agreement is important so that the two parties, employer/company and independent contractor, understand what the specifics of the project are that the independent contractor is hired to perform, and the time frame which the project is expected to be completed.
An operating agreement must be entered into by the members of a Limited Liability Company either before or after filing the Articles of Organization to make the formation of the LLC valid.
The Operating Agreement governs the LLC's business as well as the member's financial and managerial rights. Use this document to draft your Limited Liability Company's Operating Agreement.
A reciprocal confidentiality agreement is for the situation where multiple parties are sharing information with each other, and all parties wish for the information to remain confidential. Or not to be shared outside of the relationship. Use this document to require all parties to the contract to refrain from sharing specified information with outside parties, during the relationship and potentially after it ends.
In order to form a Limited Liability Company (LLC), Articles of Organization are required. The existence of the LCC begins upon the filing of the Articles of Organization by the Secretary of State.
The person or persons who execute the articles need not be members of the LLC, but such person will be called the "organizer" during the filing process. The articles include the designation of an Agent for Service of Process and a statement indicating whether the LLC will be managed by one manager or more than one manager or the members of the LLC. The articles may include a date on which the company is to dissolve.
Use this document to prepare the Articles of Organization for your Limited Liability Company.
There are many reasons to incorporate your business including limiting your personal liability, gaining tax advantages, anonymity, and flexibility as well as guaranteeing an enduring business structure. Anyone who operates a business may incorporate.
A Corporation springs into existence once the articles of incorporation are filed with the Secretary of State. The articles of incorporation set forth the name and address of the corporation as well as authorize the issuance of stock, limit liability of directors and state the corporate purpose. There may be other requirements, such as other documentation and procedures, necessary to complete organization so it is important to be informed of all such requirements to ensure the corporation is complete and properly organized.