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Draft Operating Agreement in Wyoming for Entertainment Business (2024)

How much does it cost to draft a Operating Agreement in Wyoming? Below are summary details about a user that needed to draft an Operating Agreement in Wyoming for Entertainment Business. This cost data comes directly from ContractsCounsel's online marketplace. The user received 7 bids to draft the Operating Agreement at a pricing range of $495 - $2,250 on a flat fee. The data includes project specifications and Operating Agreement pricing. To review more pricing data, visit Operating Agreement pricing.
Service type
Draft
Document type
Operating Agreement
Location
Wyoming
Client type
Business
Client industry
Entertainment
Deadline
Less than a week
Pricing Range
$495 - $2,250 (Flat fee)
Number of Bids
7 bids

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Lawyers that Bid on this Operating Agreement Project

Corporate Lawyer

(119)

9 years practicing

Free consultation

Operating Agreement
Get Free Proposal
$200/h

Startup Legal Counsel

16 years practicing

Free consultation

Operating Agreement
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$400/h

Attorney/Counsel

(110)

2 years practicing

Free consultation

Operating Agreement
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$250/h

Principal Attorney

(12)

26 years practicing

Free consultation

Operating Agreement
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$400/h

Other Lawyers that Help with Wyoming Projects

Freelance Attorney

(31)

16 years practicing

Free consultation

Get Free Proposal
$275/h

Other Lawyers that Help with Operating Agreement Projects

Attorney

(3)

36 years practicing

Free consultation

Operating Agreement
Get Free Proposal
$450/h

Attorney at Law

(12)

4 years practicing

Free consultation

Operating Agreement
Get Free Proposal
$430/h

Owner

(1)

43 years practicing

Free consultation

Operating Agreement
Get Free Proposal
$400/h

Owner / Attorney

(3)

6 years practicing

Free consultation

Operating Agreement
Get Free Proposal
$400/h

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Forum Questions About Operating Agreement

Operating Agreement

New York

Asked on Mar 3, 2021

What should be included in an operating agreement for a small business?

I am in the process of starting a small business with a partner and we are in the early stages of drafting an operating agreement. We want to ensure that all aspects of our business are properly addressed and that our rights, responsibilities, and decision-making processes are clearly defined. We are seeking guidance on what specific provisions should be included in the operating agreement to protect both of our interests and minimize potential conflicts in the future.

Damien B.

Answered Mar 3, 2021

Hello! Here's some guidance on specific provisions you should consider: Business & Ownership Structure: - Name and Location: Make sure to include the official business name and the state where your LLC is formed. - Membership: List all members of the LLC and their ownership percentages. - Management Structure: Clearly state whether the LLC will be member-managed (all members participate in daily operations) or manager-managed (designated members handle day-to-day operations). Financial Management: - Capital Contributions: Provide details on the initial capital contributions from each member and how future contributions will be handled. - Profit & Loss Sharing: Outline how profits and losses will be distributed among members, taking into account ownership percentages or other factors. - Distributions: Establish rules for how and when members can receive distributions from the business. - Accounting Practices: Define the accounting method used (cash or accrual) and how financial records will be maintained. Decision-Making & Operations: - Voting Rights: Specify voting rights for members, including majority or unanimous voting requirements for different decisions (e.g., admitting new members, taking on debt). - Meetings: Determine the frequency and procedures for member meetings, including how notices will be sent and how votes will be conducted. - Management Duties: If the LLC is manager-managed, clearly define the roles and responsibilities of the managers. Dissolution & Buyouts: - Dissolution Events: List the events that could trigger the dissolution of the LLC (e.g., member death, bankruptcy). - Buyout Provisions: Establish a process for one member to buy out another's interest in the LLC, including valuation methods and potential triggers (e.g., retirement, disability). - Dispute Resolution: Specify a process for resolving disagreements between members, such as mediation or arbitration. Additional Considerations: - Non-Compete Agreements: Consider including a non-compete clause to prevent members from competing with the business after leaving. - Term of Agreement: Decide whether the operating agreement will have a definite term or be perpetual. Seeking Legal Help: While this list provides a starting point, it is highly recommended to consult with a business attorney to customize the operating agreement according to your specific business and state regulations. They can ensure the agreement is legally sound and adequately protects your interests. By incorporating these provisions and seeking legal advice, you and your partner can create a comprehensive operating agreement that minimizes future conflicts and establishes a strong foundation for your small business. Best regards! Damien Bosco, Esq. (646) 717-4766 DamienBoscoEsq@gmail.com www.boscolawoffice.com

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Operating Agreement

Florida

Asked on Mar 3, 2021

Forming LLC with multiple members

Hello, Looking to form LLC with 3 other individuals. What would be the best route to go?

Bruce B.

Answered Mar 3, 2021

In florida you would want to have an operating agreement to specify the relationship between the members.

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