Search Results for: "operating agreement"

50 50 Partnership Business Agreements
July 30, 2023

Operating Agreements and 50/50 Ownership

We strongly advise against holding ownership in your company 50/50 because it means the owners have to agree on every decision and…

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Operating Agreement Checklist
May 1, 2013

Operating Agreement Checklist

Drafting an operating/partnership/shareholder agreement seems to be my most important but least utilized service.  For whatever reason, business owners are very reluctant…

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Pre-Packaged Agreements
March 22, 2013

Small Business Horror Story #7: Pre-Packaged Operating Agreements

Here’s what happens when you get your operating agreement from a legal forms company. I just finished helping a client negotiate a…

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Nevada Operating Agreement
November 22, 2011

Why You REALLY Need an Operating Agreement

I’m super serious this time. Lately I’ve heard from a number of business owners whose partners have stopped contributing to the business,…

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Operating Agreement
September 5, 2011

Small Business Horror Story #2: No Operating Agreement and the “Eraser”

I recently met with one member of a two-member LLC with no operating agreement.  We’ll call my client Jane and her partner…

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Shady Business Partner
June 8, 2011

Small Business Horror Story #1: Shady Partner + Generic Operating Agreement = Disaster

Whenever I sign a new monthly retainer client, I conduct what I call a “legal checkup” on the business. I review the…

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October 15, 2012

Buy/Sell Agreements: A Business Valuation Perspective

Guest Blogger: Donald Parker Gryphon Valuation Consultants, Inc. www.BizVals.com 702-870-VALU (8258) Buy/Sell Agreements provide a blueprint for the transfer of business interests,…

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Business Equity Chart
June 2, 2022

Incentivizing Employees With Equity

5/1/2022 – updated 3/9/2024 Business owners seeking ways to reward or retain excellent service providers (employees or independent contractors) often believe that…

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November 23, 2021

Business Contracts

Business Contracts While it may be a romantic notion, doing business on a handshake simply isn’t a good idea. The exchange of…

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November 19, 2021

Open a Business

Open a Business Running your business is your job.Covering your legal needs is ours. Confused about which business licensing department to visit…

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Business Partnerships in Las Vegas Nevada
May 7, 2019

Healthy Conversations to Have with Your Business Partner

No, we haven’t taken a hard left and turned this into a relationship blog.  Well, at least not that kind of relationship….

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October 11, 2018

Member Managed vs Manager Managed LLCs

When you form an LLC in Nevada, you’re asked whether the entity will be Member-Managed or Manager-Managed. The owners of the LLC…

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