You and your business partner started together years ago with a shoe-string budget and a dream. After years of hard work, you are successful and turning a profit. What happens to the business if something happens to either of you? Do you want to run the business with his or her family?
Operating Agreements not only govern how the business operates, but how ownership can be transferred. If you don't have an operating agreement, you risk having the government decide these things for you through our business laws.
Now is the perfect time for an operating agreement if you are starting a business or already have a successful business. At Oriol Law Firm, we take the time to talk get to know how your business runs so we can draft an operating agreement tailored to your specific needs.