Operating Agreements and Formation Documents
Launching or restructuring a business requires clear, well-structured agreements that define roles, responsibilities, and ownership. Poorly drafted or generic agreements can lead to confusion, mismanagement, and costly disputes down the line. At PKC, we help business owners and partners develop clear, customized agreements that align with their long-term goals and protect their investments.
Our Services
Operating Agreements: For LLCs, these agreements govern how the company is managed, how profits and losses are distributed, and how decisions are made. We address critical elements like member contributions, voting rights, buyout procedures, and dispute resolution mechanisms to prevent internal conflicts.
Partnership Agreements: We create detailed agreements that clarify each partner's roles, capital contributions, profit-sharing, decision-making authority, and exit strategies. This helps avoid misunderstandings and ensures the business operates smoothly even as circumstances change.
Shareholder Agreements: For corporations, we draft contracts that outline shareholder rights and obligations, dividend policies, voting procedures, and processes for handling stock transfers or shareholder exits. These agreements help protect minority shareholders and maintain organizational stability.
Key Considerations
Ownership Structure: Clearly defining ownership percentages and management roles to prevent disputes.
Exit and Buy-Sell Provisions: Addressing how ownership can be transferred or sold in the event of death, disability, or voluntary exit.
Dispute Resolution: Including clear procedures for resolving internal conflicts to avoid costly litigation.
Growth and Investment: Preparing agreements that allow for future investment and expansion without disrupting ownership balance.
Why It Matters
Without well-drafted formation and partnership agreements, even small disagreements can escalate into major problems. We provide tailored solutions that help our clients build stable, resilient businesses prepared for growth and change.