2
votes
1answer
171 views

When do we need to become an official company?

So I'm starting a new venture with a friend of mine. Basically, we are not going to be looking for seed funding, or really any funding for that matter. We are going to be up fronting the costs to our ...
2
votes
3answers
528 views

Equal Member Against Placing a Buyout Clause in the Operating Agreement

My 3 man equal partnership disagrees on a key issue regarding placing a buyout clause in our operating agreement. One of the three is deeply against any buyout close for both his status as a member ...
6
votes
7answers
576 views

Prospective partner refuses to sign no-compete as person

After much search, it seemed that I have found a suitable partner for my IP based startup. Things seemed to have progressed well until I asked him to sign a no-compete agreement as part of the deal. ...
4
votes
1answer
323 views

What questions should we be sure to answer in an operating agreement?

I'm at the point of forming an LLC with a partner, and wondering about questions that aren't obvious but that should definitely be included in an operating agreement. Questions like, What are the ...