Operating and partnership agreements are essential in various situations. At Sequoia Legal, we work closely with businesses of all sizes and across many industries to plan and draft the agreements they need to succeed in their business efforts. Here's what you stand to gain by working with reputable and experienced attorneys to draft your agreements.Schedule FREE Consultation
Operating agreements set forth the terms and rules governing how a limited liability company (LLC) must operate and transact business. Having an operating agreement in place is crucial to the successful operation of your LLC and prevents the state's default LLC rules from controlling the company.
An operating agreement also helps to protect the personal liability of each member of the LLC and is thus one of the most important documents your company possesses. Once signed by all members, it is the law of the company and does not need to be filed with the state to be considered binding.
A partnership agreement is a critical document that explicitly details how a business is to operate, as well as the roles and responsibilities of each partner. Any business with two or more partners needs to have a well-thought-out partnership agreement so the partners have a clear understanding of their obligations and rights regarding profit and loss.
A partnership agreement also helps avoid potential problems and provides a means for resolving disputes. Businesses without an agreement will risk facing crippling disputes and losing time and money thanks to inefficient dispute resolution methods.
An experienced partnership attorney can be likened to an insurance policy against the many problems that arise during the course of business. These same problems are what cut into a company's profits and productivity and ultimately lead to substantial liability.
With a partnership attorney working with you from the beginning, you get a professional who can effectively contemplate the potential disputes you are likely to face in your partnership and take preemptive action to avoid problems.
To be certain, many executives and other business professionals understand the problems they may face down the line. However, an attorney dedicates their every effort toward avoiding these problems by using skillful contract planning and formation to protect the rights of each partner. This saves countless hours and millions of dollars in litigation costs.
Regardless of what your needs may be, Sequoia Legal is here to help you thrive by providing you with corporate services specifically tailored to your business interests.
If you are pursuing new business objectives, our partnership and operating agreement attorneys are ready to guide you and set you up for success. Call today for a free consultation.
When it comes to business partnerships, various legal issues can arise. At Sequoia Legal, we're no strangers to these issues. Our business attorneys regularly contemplate these issues when helping to plan and execute the partnership agreements that are essential for businesses.
No matter what your business objectives are, we can help you accomplish them through a range of business law services, including but not limited to:
No matter what your needs may be, our business lawyers have the experience and passion to help ensure that you thrive in your business efforts and that your exposure to precarious business liability remains low.
Sequoia Law has a long history of providing superior legal services to businesses in Denver and throughout the state. Our experience is matched only by the close attention to detail we pay to each client we represent.
Whether you need general partnership guidance, legal contract planning, or help with a limited liability company, you can count on our attorneys to deliver the high-quality representation you need to comfortably transact business profitably.
Each lawyer in our firm has extensive experience planning and drafting effective operating and partnership agreements that reflect the unique needs of our clients.Meet Your Attorneys
Our team at Sequoia Legal regularly helps sellers and buyers of businesses navigate the intricacies of the purchase and sale process to help them achieve their dreams. In this case, Sequoia Legal was brought on by the owners of a local technology company in a sale to a strategic acquirer with a total transaction value in the multiple millions. We successfully negotiated transaction agreements, including due diligence with the buyer and post-closing employment agreements, and closed the transaction within an expedited 30 days period. As part of this process, we helped educate the sellers through their first transaction and work through the emotional roller coaster of selling your business.
Our Denver export compliance law firm has extensive experience with export administration regulations, the FCPA and international trade and can assist clients with developing export control and FCPA compliance programs. We ensure each client follows appropriate FCPA, export control compliance and foreign trade regulations for their industry, and our clients hail from nearly every industry sector. The attorneys at Sequoia Legal have successfully assisted and provided continued guidance for several international companies regarding the internal implementation of FCPA and export compliance plans. These companies employ and engage in various transactions with individuals and companies around the world. To ensure continued compliance with US sanctions laws and regulations following the implementation of the FCPA and export compliance programs, Sequoia Legal has conducted company audits, interviews and internal FCPA training programs. Due to the diligence of the Sequoia Legal team, zero issues or enforcement actions have been taken by the US government against Sequoia's clients for any FCPA or export related matter. An investment in a Sequoia Legal compliance plan has saved our clients time, focus and money.
Companies routinely face complex situations when exporting or doing business internationally. There is a complex set of laws and regulations applicable to the persons, places and products involved in international business. Businesses sometimes end up violating or running afoul of these highly technical and complicated rules. Sequoia Legal has represented various US and foreign companies in conducting internal investigations relating to suspected violations of US sanctions and export controls. Following completion of these internal investigations, where necessary, we have assisted clients in voluntarily disclosing suspected violations to US authorities and have obtained favorable outcomes, including reduced penalties or no penalties. This has allowed our clients to sleep at night and continue to expand and do business internationally in compliance with applicable US law.
And Finding It! Sequoia Legal regularly helps search funds and individuals find, acquire and successfully build new businesses. Our client was a search funder focused on acquiring a company in the professional services industry. We assisted in negotiating several LOI's that fell through, but as a result of that process, we found the right acquisition fit and assisted our client in executing an LOI, conducting due diligence, structuring the deal, negotiating the purchase agreement, working with the SBA and completing a deal that included a cash payment, SBA loan and seller financing with a variable note that reduced if certain revenue metrics were not achieved. We then assisted our client with several "tuck-in" acquisitions to further augment and accelerate the client's goals and exponentially grow revenue.
Andrew Lopez is always there to help. He is professional, responsive and understanding. Thank you Sequoia Legal!
I can't say enough great things about Hunter and Andrew and the Sequoia team. We purchased a small business, and they were efficient, knowledgeable, and direct with their feedback about the deal and its structure and available when we needed them. We hope to do many more transactions with Hunter and Andrew, and the team. If you're looking for great counsel for a business transaction (and I'm sure any other matter they'd represent) - you'll be in great hands working with Sequoia. Bravo!
We trust completely the expert advice and care we receive from Sequoia Legal as they provide their invaluable services to our growing businesses.
If you are conducting business in Denver or anywhere else in Colorado, the attorneys at Sequoia Legal can help you plan and draft operating and partnership agreements that protect you and allow you to transact business efficiently and effectively.
Get help today with your business goals by reaching out to our office by phone or online. An operating agreement and partnership attorney is ready to discuss your case over a free initial consultation.
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Partnership agreements and operating agreements do the same thing: They define the rights and responsibilities of members of the business relating to profit, loss, and more. However, operating agreements are used in LLCs, whereas partnership agreements are used in partnerships.
The main clauses include:
Closing the business does not terminate a partner's limited liability instantly. A partner may still face liability for past business actions if the statute of limitations has not yet elapsed.