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I will draft business partnership founder and llc operating agreements
Your Partner in Professional Contract Drafting
As a seasoned professional specializing in business and legal documentation, I empower entrepreneurs and companies by drafting clear, concise, and robust contracts. My name is James, and my expertise ...
About this Gig
The most common reason for business partnerships failing isn't the ideait's unresolved disputes between the founders. A formal agreement drafted at the beginning is the single best investment you can make in your company's future.
This gig is designed specifically for founders, partners, and new company members to formalize their relationship and create a clear roadmap for success.
Establish the Rules of the Game Before You Play:
- Partnership Agreements: Define roles, responsibilities, capital contributions, and profit/loss distribution for general and limited partnerships.
- LLC Operating Agreements: The internal rulebook for your LLC. Essential for single-member and multi-member LLCs to define ownership, management, and member rights.
- Founders' & Shareholders' Agreements: Crucial for startups. We can cover equity splits, vesting schedules, decision-making, intellectual property ownership, and what happens if a founder leaves (buy-sell provisions).
A strong agreement prevents future headaches by defining:
- Who owns what? (Equity & IP)
- Who decides what? (Voting & Management)
- What happens when...? (A partner leaves, you need more funding, or you sell the company)
Field of law:
Civil rights
Target country:
United States
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
We are just starting out. Do we really need this?
Yes. An agreement is most important when you are starting. It forces you to have difficult conversations early and aligns everyone's expectations, which is critical for long-term success and preventing future conflict.
What is the difference between a Partnership and an LLC Operating Agreement?
A Partnership Agreement governs a partnership business structure. An LLC Operating Agreement governs a Limited Liability Company. They cover similar topics (ownership, management) but are tailored to the specific legal structure of the entity.
What is "vesting" and why is it important?
Vesting means that founders earn their equity over time, rather than owning it all on day one. It's a crucial clause that protects the company if a co-founder leaves early. The Premium package covers drafting these types of advanced clauses.
We have 3 founders. Which package should we choose?
For a multi-member company, the Standard (for an LLC) or Premium (for a corporation or complex partnership) packages are most appropriate, as they are designed to handle the complexities of multiple stakeholders.
Does this service include filing the documents with the state?
No. This service is for drafting the internal agreement only. You are responsible for any official business formation filings with the appropriate government authorities.
