Home Q&A Forum Me and my friends are planning to start a business.but using using my Friend's place..so what type of contract should I look into??

Business

Contractual Agreement

Michigan

Asked on Apr 14, 2022

Me and my friends are planning to start a business.but using using my Friend's place..so what type of contract should I look into??

Can I draft my own contract and take it to police to stamp it after reaching my agreement with my friend,?

Answers from 1 Lawyer

Answer

Business

Michigan

Answered 1474 days ago

David H.

ContractsCounsel verified

Business Lawyer
Licensed in Michigan
Free Consultation
View David H.
5.0 (3)
Member Since:
March 10, 2022

In most cases, contracts only need to be signed by the parties to the contract. The contract should have the key information related t the parties signing and the terms and length of the agreement to name a few clauses that need to be included. There are some contracts that need to be notarized. The police may have a notary, but your bank may also. There are many components to your question - ownership of the business, who does what in the business, business formation, is there a need for insurance to cover risks, and other items. There are tools online to help or you can use an attorney. With an attorney you will get specific assistance for your business, online it may be more generalized information you find.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
Meet some lawyers on our platform

Chaz G.

1 project on CC
CC verified
View Profile

Heather B.

54 projects on CC
CC verified
View Profile

Allen L.

70 projects on CC
CC verified
View Profile

Lori B.

187 projects on CC
CC verified
View Profile

People Also Asked

Business

Contractual Agreement

Florida

Asked on Jan 26, 2022

Hi there. My boss has me as a 1099 employee. Is she legally allowed to give us a contract that I have to sign?

I am a hairstylist. I pay my own taxes every year as a self employed person. Yet my boss sets rules and takes 50% of my commission. I have no idea if any of what she’s doing is legal.

View Kristen R.
4.9 (32)

Kristen R.

Answered Mar 8, 2022

I would need a lot more info to answer this question.. is she directing how you do your job? Is there a contractor agreement in place? Just having you sign a contract is not illegal, however.

Read 1 attorney answer>

Dispute

Contractual Agreement

Florida

Asked on Aug 17, 2021

I am being harassed by a vendor for the balance due for product that i have not received yet. Can i take them to court?

After receiving the incorrect product, the vendor presented me with a fake contract with my signature copy pasted on it to tell me I i agreed on the replacement product for my order. They claim they had a second meeting with me and this new contract was signed but that never happened.

View Donya G.
4.9 (61)

Donya G.

Answered Oct 12, 2021

I would suggest hiring an attorney in your jurisdiction to send a cease and desist letter to the vendor or have them simply call the vendor nd tell them to stop harassing you. For a cease and desist to have the effect that matters, it should be from a licensed attorney in that state who can file any case in court if the matter is not addressed or continues to happen. I am an attorney licensed in New York and Connecticut. There are numerous attorneys on this website from other states. If you would like me to assist, please contact me through the site or post your jobs for another attorney. All the best Donya Gordon

Read 1 attorney answer>

Dispute

Contractual Agreement

New York

Asked on Mar 22, 2022

Can I create a contract that bars any form of dispute resolution (Jury trial and Mediation/Arbitration) if a client fails to dispute an invoice within 7 days of receipt.

I own a growing security guard firm and all my clients sign a service contract before we provide services. In order to reduce the stress of collecting from a slow playing client, I want to create a new contract that makes it impossible to dispute an invoice after 7 days of receipt.

View Donya G.
4.9 (61)

Donya G.

Answered Apr 19, 2022

While you may create a contract without dispute resolution, the issue is whether it would be enforceable by any court. Seeing that a contract is between two parties and disputes arise, by barring any resolution, it would essentially not afford a party an opportunity to be heard. I do not believe a court would allow of enforce such a position. If you need additional assistance you can find me on the Contracts Counsel website and I can provide my legal services to you. Thanks Donya Gordon

Read 1 attorney answer>

Business

Joint Venture Partnership Agreement

Washington

Asked on Mar 21, 2023

Who pays expenses in a joint venture?

I am currently exploring the possibility of forming a joint venture with another company to pursue a business opportunity. However, I am unclear on how expenses related to the joint venture will be paid and whether each company is responsible for their own expenses or if they will be shared. Therefore, I would like to seek the advice of a lawyer to better understand the financial implications of a joint venture and ensure that my interests are protected.

View Jane C.
4.9 (136)

Jane C.

Answered Mar 31, 2023

It depends on the language in the joint venture agreement.

Read 1 attorney answer>

Business

LLC

Washington

Asked on Aug 7, 2023

LLC legal requirements?

I am interested in starting a business and I am considering setting it up as a limited liability company (LLC). I want to make sure that I understand all of the legal requirements that come with setting up and operating an LLC. I want to make sure that I remain compliant with all of the applicable laws and regulations so that I can protect myself and my business.

4.9 (5)

Joon H.

Answered Aug 15, 2023

Hi there, Generally speaking, "limited liability" of LLC means that no member will be personally liable for the LLC's obligations in excess of the amount that he or she contributed, or is otherwise obligated to contribute, to the LLC. In order to enjoy this liability protection, you want to make sure that you respect the boundaries and formalities of your business by: 1. Keeping your business capitalized enough to carry out its normal business functions and meet its reasonably anticipated obligations; 2. Keeping your business assets separate from your personal assets (like not using company truck to run personal errands); 3. Having separate bank accounts; 4. and following corporate formalities like keeping records of meetings, documenting important business actions, and having an operating agreement.

Read 1 attorney answer>

Find lawyers and attorneys by city