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admin | Category: Reverse Phone Lookup Usa | 01.07.2014
The first question I always ask is whether the company has an operating agreement for an LLC, or by-laws for a corporation, because those are the controlling documents under which companies operate. Governing documents dictate the rights and responsibilities of each business owner and it documents the agreement in a written contract.
A good business plan explicitly addresses the governing documentation and the legal structure of the business itself.
From a business standpoint, a governing agreement is extremely important for small, closely held corporations in which the people involved may essentially wear four different hats: employee, shareholder, officer, and director. Lawsuits will be very expensive to litigate; therefore, it is best to have the business documents prepared correctly ahead of time. We have had the unique opportunity to examine a broad spectrum of businesses across several industries.
If you are thinking of starting a business, or just want to improve your existing one, download our free 20 page "Guide To Starting Your Business", written by the attorneys at ABL.


Kramer A common question from many of our clients pertains to removing a member, shareholder, director, or officer from your company.
Ideally the operating agreement of by-laws should have mechanisms for the removal of members. Since these are legally enforceable contracts, it makes since to have an attorney draft governing documents that best meet your needs. You may spend more money up front in the beginning, but, in the long run, you will save yourself a lot of money and headaches. If you do not have the correct documents, it is better to make an appointment with ABL before a dispute does arise, or, if you anticipate a dispute, get the documents sorted out and revised immediately. Kramer is licensed to practice law in New Mexico, as well as before the United States Patent and Trademark Office as a registered Patent Attorney.
Unfortunately, they only have articles of incorporation for a corporation or articles of organization for an LLC and have never drafted by-laws or an operating agreement.


Kameron has technical expertise gained from his work as an engineer in the pharmaceutical and medical devices industries. His legal focus is on intellectual property, including patents, trademarks, copyrights, and trade secrets. Instead of waiting until there is a dispute between members, shareholders, directors, or officers, companies need to anticipate discourse and plan ahead by including these provisions in by-laws or an operating agreement early on. Kameron combines this technical and legal expertise to assist his clients in the starting, planning, and development of start-ups and established companies.




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