Customized operating agreements
Turn the owners’ actual deal into a clear operating agreement.
A useful operating agreement should reflect how ownership, control, money, and major decisions will work—not simply repeat generic legal language.
Address the important decisions before they become disputes.
Chris begins by understanding the owners’ contributions, expectations, management roles, voting rights, economic arrangement, and plans for the business. He identifies the decisions that need to be made and explains the practical consequences of the available choices.
He then drafts an agreement around those decisions, using language the owners can understand and apply. For an existing LLC, the work may instead involve reviewing and revising an agreement that no longer fits the company or leaves important issues unresolved.
The objective is a document that accurately reflects the business arrangement and provides workable rules when circumstances change.
Questions the agreement should answer
- Who owns the company and what has each owner contributed?
- Who manages the business and which decisions require approval?
- How will profits, losses, and distributions be handled?
- Can an owner transfer an interest or bring in someone new?
- What happens if an owner dies, becomes disabled, or wants out?
- How will deadlocks, defaults, buyouts, and disputes be addressed?
A practical next step
Discuss your business and legal goals.
Start with a short inquiry. Chris personally reviews every inquiry and generally responds within one business day.
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