First, Operating Agreements, Bylaws and Partnership Agreements are contracts between you and your partners. These contracts set out who will manage the company, how new members are added, how you will solve disputes and much more. These contracts are used as roadmaps for what to do in certain situations throughout the life of your company and are an invaluable tool.
Second, these contracts help establish the formalities that you need in order to keep the limited liability shield strong and apply even if you are the sole owner. If you do not keep up with the formalities and get sued, a court may disregard your legal entity and put your personal assets at risk.
When you work with us, we will ensure that these contracts contain exactly what you and your partners want. We will not just give you some template like other attorneys do because you are binding yourselves to a contract and you should know what you are binding to. We will help guide you through these contracts and you will understand everything that you sign.