Recent Answers to Business Plan Law Questions
Need advice on Revenue Sharing Agreement.
Business Plan
Revenue Sharing Agreement
New York
I am currently in negotiations with a potential business partner to enter into a revenue sharing agreement for a new venture we are planning to launch together, and I would like to seek legal advice to understand the potential risks, liabilities, and protections associated with such an agreement, as well as ensure that the terms and conditions are fair and reasonable for both parties involved.
Damien B.
You can consult an attorney to review your terms, conditions, and goals. Generally, having a separate legal entity is best to help protect against liability. You would determine the business structure, such as a limited liability company or a subchapter S corporation. In those cases, you would have either an Operating Agreement or a Shareholders Agreement that outlines reasonable terms and conditions for both parties.
Can an LLC formation be expedited?
Business Plan
LLC
Texas
I am starting a small business, and I am in the process of forming a Limited Liability Company (LLC). I need to get the LLC established as soon as possible, and I am wondering if it is possible to expedite the process. I understand that the formation process typically takes some time, but I am hoping that there is a way to speed it up, as I need to get the LLC up and running as soon as possible.
Darryl S.
yes - use one of services to move fast and pay a bit more for expedited registration.
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