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Two Documents Every Entrepreneur Needs

On Behalf of | Jun 18, 2016 | Business Law

Many people have a dream of owning their own business whether they are a talented chef who wants to own his or her own restaurant or an inventor with a new idea that he or she cannot wait to share with the world. If you are a budding entrepreneur, you are probably eager to open your doors to customers, but there are several things to consider first, including drawing up the legal documents most new businesses need with the help of an experienced corporate lawyer in Las Vegas.

Business Entity

New businesses need to establish themselves as some type of a legal organization, whether it is a sole proprietorship, a limited liability company, or a corporation. Your corporate attorney can steer you through all of the complicated legalese and choose the right structure for your business, whether you simply want to be a business organization sole proprietorship or you are looking to become an in a corporation or LLC.

Partnership/Member/Shareholder Agreement

If there is more than one person involved with your new business, it is important to have a partnership/member/shareholder agreement. This legal document will spell out the roles and responsibilities of each partner owner, and it will determine what happens if one partner owner decides to sell or withdraw from the business.

Corporate Attorney

Your corporate lawyer will help you draw up these legal documents, but you should also regularly keep in contact with your attorney. They can provide legal advice for every step of establishing your own business, including drawing up and/or analyzing sales agreements, negotiating corporate leases, and working on employee contracts.

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