new business

Before you meet with your lawyer: Business governance documents

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If your new business has multiple owners, it is important to have proper governance documents—like a partnership agreement, operating agreement, or shareholder agreement. Typically, these documents address topics like who can make day-to-day decisions on the company’s behalf, how ownership interests can be sold or transferred, and who decides what the company does with net profits.  These documents can reduce the potential for costly disputes down the road and should be drafted around the owner’s specific needs and goals.  Here are some topics that you’ll be discussing when you meet with your lawyer. We […]