Formation Of Entity

You have formed a new entity. Depending on the entity you have formed and the number of members or shareholders of your company, it is important to have an experienced business transactional attorney review the companies needs and consult in preparation of the entity operating agreements or articles of incorporation. One of the many reasons to establish an agreement between the members or shareholders is to provide guidance and purpose of the company, its operations, function, and duties set forth in the agreement. Your agreement will provide many details and operational specifics of your company which may include, but are not limited to, allocation of profits, losses and distribution, salaries and compensation, tax liability, power and duties of members, accounting, transfers of ownership interest, representations, warranties and covenants, dissolution and winding up of the company, defaults and remedies, and dispute resolution. Speak with an attorney to consult and review the needs of your company.