Starting as a business entity and drafting an operating agreement, buy-sell agreement, or shareholders agreement is not the carte blanche it may sound like. Florida laws dictate that business entities follow certain requirements. All BEs must have a set of documents on record, that include:
- Financial Records, like corporate record books and articles of organization/incorporation
- List of Members and Managers
- Descriptions of Each Member’s Capital Contribution
- The Value and Conditions of any Capital Contribution
Hale & Messina can help your business draft and maintain these necessary documents, as well as work with you on company management, financial distributions, tax planning, exit strategies, restrictive covenants, and other issues related to your specific industry. Of course, any revisions and enforcement to the operating, buy-sell, and shareholders’ agreements should also be guided by the experience of our corporate attorneys.