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READY MADE DOCUMENTS FOR YOUR BUSINESS SOLUTION
Even if you are not required by your state to have an Operating Agreement, it is a good idea to have both an Operating Agreement and a Business Plan. While most businesses start with an idea, an idea cannot run your business. A well-thought-out Operating Agreement can help you prepare for difficult situations, and a solid Business Plan can help you outline the strategic vision for your company's growth and success.
An Operating Agreement generally includes details about:
-Member contributions
-Accounting
-Dissolution
A good Business Plan generally includes:
-A clear description of your product or service
-Who the stakeholders are and their roles
-A researched marketing plan
-A financial plan
While in some cases a handshake agreement may be proven valid if it needs to be enforced, it is better to have a written agreement. Some laws require written contracts, such as certain real estate transactions. Additionally, there are laws that require contracts for agreements that may last longer than one year.
A sample list of business agreements you should get in writing:
-Any real estate sales contract
-Commercial and residential lease agreements
-Sales agreements for large purchases
-Service agreements for costly jobs
-Partnerships or joint venture agreements
-Loan and investment contracts
-Agreements that last longer than a year
-Agreements that last past the death of one of parties
Business and contracts
-Non-Disclosure Agreement
-LLC Operating Agreement
-Independent Contractor Agreement
-Business Contract
Real estate
-Lease Agreement
-Eviction Notice
-Intent to Purchase Real Estate
-Quitclaim Deed
Family and personal
-Last Will and Testament
-Living Will
-Divorce Settlement Agreement
-Child Care Authorization
Personal
-Health and Medical
-Divorce and Legal Separation
-Children
-Driving and Automotive
Business
-Incorporation
-LLC
-Running a Business / Compliance
-Intellectual Property and Licensing
-Labor and Employment
Property & Finance
-Real Estate & Leasing
-Eviction
-Lending and Borrowing
-Debt Collection
-Tax
STRATEGIC & OPERATIONAL DOCUMENTS FOR BUSINESS
I'm ready to start a business. What should I do first?
Small business consultants often have the same, glamorous but practical, answer of "get your own finances in order." You can easily and affordably start your business by using our incorporation services.
We can help you form your LLC, obtain your tax ID number (EIN) and designate a registered agent, but it is up to you to manage your finances. Your personal credit may matter if you are intending to apply for small business loans, business credit cards, commercial lease space, or investment funding.
In addition to forming a legal business entity, here are a few more actions to consider when starting a business:
- Separate your personal and business checking and savings accounts
- Improve your personal credit score
- Settle issues you may have with the IRS or state tax agency
- Avoid additional debt, if possible
- Separate your personal and business properties
- Consult with an accountant about how best to prepare for filing business taxes
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