carl1647545492 Posted September 24, 2018 Report Share Posted September 24, 2018 (edited) I am going to partner with someone for work and wanted to understand what I'm signing first.Who knows of someone that has some knowledge of this kind of agreement? As of now this is small but could grow and possibly involve selling the business down the line minus capital expenses, thanks in advance. Edited September 24, 2018 by carl Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted September 24, 2018 Report Share Posted September 24, 2018 I don't understand the question. Sounds like more of a statement. Are you asking what sort of agreements you should have? Operating agreements handle that. If you need someone to write it up, contact Josh Fravel (my attorney). 614-735-4445. It'll cost you under $500. Don't fuck around with this kind of stuff if you're clueless (no offense, but that appears to be the case). Spending the money now will save you big time in the future. Quote Link to comment Share on other sites More sharing options...
carl1647545492 Posted September 24, 2018 Author Report Share Posted September 24, 2018 Yes I'm asking as its not my area, thanks. Quote Link to comment Share on other sites More sharing options...
Franchi Posted September 24, 2018 Report Share Posted September 24, 2018 Don't fuck around with this kind of stuff if you're clueless (no offense, but that appears to be the case). Spending the money now will save you big time in the future. This. And any verbal agreement or understanding you have with your partner (Or partners), it didn't happen if it is not down on paper in written form, clearly spelling out whatever the agreement is, signed and dated by both parties. Everything changes in time, people change, business needs change, get it spelled out who is responsible exactly for what and how. And have a decent attorney review any addendum's or alterations to the original agreement. Just a suggestion based on lot of experience. :-) Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted September 24, 2018 Report Share Posted September 24, 2018 Yeah again Carl, wasn't trying to be a dick. Just saying that some people have an issue paying ~$500 (I can't remember exactly how much mine was) for a few sheets of paper, but it'll save you a ton of headache in the future. But as I mentioned- an official Operating Agreement for you and your partner's busienss will take care of everything you're looking to accomplish. Quote Link to comment Share on other sites More sharing options...
carl1647545492 Posted September 24, 2018 Author Report Share Posted September 24, 2018 No offense taken....I,m not exactly a newb but I don't know what I don't know. Quote Link to comment Share on other sites More sharing options...
wagner Posted September 24, 2018 Report Share Posted September 24, 2018 Based on my experience in a previous life working in the legal field do what others have suggested here. I've had to help clean up some expensive and nasty messes created by people that didn't get legit legal advice from a professional. Quote Link to comment Share on other sites More sharing options...
cdk 4219 Posted September 25, 2018 Report Share Posted September 25, 2018 Going into this without consulting a good business attorney is definitely a recipe for problems. You must have someone who knows this area consult you before you get in. Alan Veatch is the one who comes to mind for this, but there are many others. Strange things happen when money is involved, and specific parameters must be ironed out before. Quote Link to comment Share on other sites More sharing options...
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