Remove Acquisition Remove Lawyers Remove Startups
article thumbnail

Importance of Signing an Operating Agreement for Your LLC

Fraser

Scenario 1: You and Rachel start the business together and agree to split the business 80/20 since you put in all of the startup funding, make all of the soaps, and spend every weekend selling them at farmers markets from Port Huron to Petoskey, and all she did was set up the website – seems like a fair split. Wait, what!?! We’re 50/50!”