How to Get Cleaning Contracts: A Step-by-Step Guide

Cleaning Contract

Not having a cleaning contract in place is a pretty risky move for a cleaning business.

What if property gets damaged or someone gets injured and your client sues?

What if you get fired without notice?

What if your client refuses to pay you?

Without a cleaning contract in place, you will not be protected from situations like these.

On this page I discuss what should be included in a cleaning contract and the different types of cleaning contracts.

If you need a cleaning contract drafted or reviewed, email me at [email protected]

 

How Do I Start My Own Cleaning Business?

In order to start your own cleaning business you need to decide on what kind of cleaning you’ll do, network, advertise, and finalize the contract.

The first thing you should do as a professional cleaner is decide your niche. Knowing what kind of cleaning you’ll specialize in will help you figure out the rest of your business model including what services you’ll offer and who you’ll pitch for contracts.

An example of niche advertising is someone who specializes in office cleaning. They might mention that they can clean offices an hour faster than other cleaners because of their experience or list testimonials from office managers.

They also could discuss willingness to work before and after standard business hours.

Once you’ve decided on a niche, it’s time to start networking. Reaching out to people you already have some kind of connection with is a great way to land your first customers. Some people you could talk to include your friends, family, old employers, acquaintances, businesses where you shop, apartments you’ve lived in, hospitals you’ve stayed at, or schools you’ve attended.

Always reach out to someone who might be able to help you. Even if they don’t need a cleaner they might know someone who they can refer you to.

The next important thing for a new cleaning business is to advertise. You can advertise both online and with physical fliers on bulletin boards/mailed to possible customers.

Finally, don’t underestimate the power of cold calling and cold emailing businesses. If you do your homework on a company and give them a great, personalized sales pitch then you’ll stand head and shoulders above cleaners who just give a standard spiel for every cold call.

 

How to Get Cleaning Contracts

The key to getting cleaning contracts is setting yourself apart as the best cleaner in your area.

By showing your expertise, refining your advertising technique, and providing a great service you will find yourself with more clients than you know what to do with.

Once you have those clients, it’s crucial to establish a written contract between you in order to protect yourself and your business. Read on to find out exactly how a cleaning contract helps your business to grow and thrive.

 

What Does a Cleaning Contract Look Like?

Your cleaning contract should include multiple items designed to protect both you and your client. Let’s go over some of the things that your contract should include..

  1. Description of your services: A cleaning contract should cover in detail what is and is not in your scope of work. Including this protects you from employers who will try to get you to do much more than originally agreed.
  2. Cleaning supplies: Be sure to outline who will be providing all of the cleaning supplies that you will be using on the job.
  3. Payment terms: Your contract should address how much the client will pay, in what form, and when each payment is due. This way you will know when to expect payments and can take any action necessary if payment is not made on schedule.
  4. How to handle damages, complaints, and disputes: With every cleaning job there’s a chance the client will have some sort of complaint or legal dispute. Having a written process in place to address these situations is extremely important.
  5. Termination: When you define how the contract must be terminated by either party you can save yourself from having the contract canceled with no notice, leaving you without work for that time period.

 

Cleaning Contract

A cleaning contract defines the terms of business between you and the person or business that you will be providing services for. Cleaning contracts protect you from liability, ensure that you get paid, and clarify important details of your business relationship.

There are many types of cleaning contracts for different businesses. Each business has their own needs, which should be addressed in that contract.

Do you have questions about how to write up a cleaning contract for your specific type of client?

Email me now at [email protected] so I can help.

 

Janitorial Contracts

Janitorial contracts should have clauses about the types of materials you will handle, and how they should be handled.

Janitors often find themselves working in places like hospitals, morgues, restaurants, daycares, and other businesses where you’ll find hazardous materials. You should very clearly define any hazardous substances that you are not willing to handle.

Regarding hazardous materials, your janitorial cleaning contract should spell out what procedures you will follow when disposing of them. The contract also needs to clarify whether or not you are responsible for any structural or aesthetic damages resulting from your cleaning up the material.

You don’t want to find yourself on the hook if someone stains an expensive carpet with something that is impossible to get completely out. A well written cleaning contract can help keep that from happening.

 

Commercial Cleaning Contracts

Commercial cleaning is a term for cleaning that takes place in a business as opposed to a home. Because the duties are more detailed, the terms of the contract should be appropriately detailed to match.

Commercial cleaners are often expected to work longer hours, handle more difficult substances, and sanitize to a higher level than a residential cleaner. Make sure that your commercial cleaning contract details your duties thoroughly.

 

Office Cleaning Contracts

An office cleaning contract is specific to office buildings, and the contract should appropriately reflect the same. Things to consider when writing an office cleaning contract include:

  • What to do if the building is old and has asbestos and you get sick,
  • Whether you will work overtime,
  • Whether you handle certain types of hazardous materials, and
  • If you perform duties like cleaning the outside of the building.

Do you need help with writing a great office cleaning contract? Shoot me an email at [email protected] so we can get started.

 

Government Cleaning Contracts

Government cleaning contracts need to be extremely thorough. Governments sometimes have a lot of red tape which can slow down things like you getting paid.

While government cleaning jobs can make for really steady and lucrative work, cleaning for a government agency means that you need to really lay out your terms in writing.

Governments have a lot of lawyers, and are not afraid to use them if they think you’ve damaged them or have inadequately done your duties. Having the terms of the job spelled out in a cleaning contact will help protect your business.

 

Residential Cleaning Contracts

A residential cleaning contract needs to detail terms of payment and how to proceed with any perceived damages.

You will be working with individuals mostly with cleaning contracts. These individuals might not be accustomed to working with a contracted professional, so be sure that the contract details who is responsible for things like payroll taxes and exactly how much and how often payment is to be given.

Residential cleaning contracts should also protect the cleaner in case of some kind of incident. Let’s say a cleaner is working and the client’s child runs into the room and slips on the freshly waxed floor, hurting themselves. Without any protection in place you will be much more vulnerable to damages.

 

Cleaning Service Contract

Cleaning service contracts do a lot of important things for your cleaning business.

Having a contract in place means that you know when you’ll get paid, you won’t have to handle work outside of your scope, and you know what the job is going to be from day one.

 

Conclusion

Having a solid, well-written cleaning contract is important for any growing cleaning business.

As a business owner you shouldn’t be worrying about whether or not your contract will protect you. Hiring a qualified contract lawyer can save you time, money, and worry.

Are you ready to start using contracts to help your cleaning business?

Email me now at [email protected] so I can draft or review your cleaning contract

How to Get Certificate of Good Standing California for LLC or Corporation

Also referred to as a Certificate of Good Standing or Certificate of Status, a California Certificate of Status is an important document often required when a corporation wants to renew a license, obtain financing, enter into specific business transactions as well as for tax purposes.

 

What is Certificate of Good Standing?

A California LLC will use a Certificate of Goos Standing to prove they are duly incorporated and therefore authorized to transact business within the state.

A certificate of Status for a California Corporation is a document that verifies the existence of a California LLC, California Corporation, or California registered partnership authorized to transact business within the state, and is current on all required filings with both the Franchise Tax Board and the Secretary of State.

Generally, a Certificate of Good Standing for a California LLC or Corporation is a one-page document issued by the California Secretary of State and serves as definite proof that your California LLC, corporation, or registered partnership is indeed in existence, in good standing (or sometimes suspended), and if in good standing, authorized to do business in the state.

The document is valid for 90 days.

To obtain a Certificate of Status, a California LLC, corporation, or partnership must be:

  • Registered as a legal entity and
  • In full compliance with the corporate rules (current on all its Secretary of State and Franchise Tax Board Filings)

How Long Does it Take to Get Certificate of Good Standing California

When it comes to a Certificate of Status, processing times vary based on when the request is received, the type of request submitted and how the request is submitted to the California Secretary of State’s office.

Notably, since more requests are submitted to the office at the end of the calendar and fiscal years, the processing time takes much longer for all requests. In case a faster response time is required for a filing request, check Service Options for more information on how you can expedite a filing request.

 

How to Get Your Certificate of Good Standing California

A California LLC or corporation can submit the required Statement of Information electronically and have its certificate of Status processed in one business day. Currently, Limited Liability Companies cannot submit their filings online.

If an email address is provided, a free PDF copy of the Statement of Information submitted will be returned electronically once payment is confirmed. More certified copies and plain copies may be requested at a later date by email or in person.

To ensure that all your submissions are considered and addressed accordingly, you should consult with a private lawyer, legal counsel or business contract attorney prior to submitting the required documents to the Secretary of State.

Note: Many LLC, corporation and/or limited partnership application documents for getting a Certificate of Status are returned for correction without having been filed because of errors, omissions, name issues or misstatements in the proposed filings submitted to the office of the Secretary of State. The office of the Secretary of State provides a draft of filing tips to assist you with meeting California Corporation Code’s minimum filing requirements.

Email me at [email protected] to get your Certificate of Good Standing California

DBA vs. LLC: Which Type is Better For Your Business?

DBA vs. LLC

When you are in your business start-up phase, or considering to restructuring an older one, one of the major questions that may most confuse you is what business structure you should use.

During this phase, most of the sole proprietors and partnerships are unable to decide whether they should register as a DBA (“doing business as”) or an LLC (Limited Liability Company).

While both options share a lot of common things with each other, yet it is hard to figure out which one is best when it comes to choosing between DBA and LLC.

However, this article will surely help you make a wise decision for your business.

Even if you face problem in determining which one is best for you, I am here to help you.

Just email me at [email protected] and I’ll get back to you ASAP.

So, let’s get started first with the differences between DBA vs LLC

 

DBA vs LLC

What’s the major difference between DBA vs. LLC?

The major difference between DBA vs. LLC is that under DBA you do business with an assumed name, while with LLC you do business with a legal name that you have to register with an LLC.

 

What does exactly a DBA mean?

A DBA stands for “doing business as.”  It is also known as an Assumed Business Name or Fictitious Business Name.

  • A DBA doesn’t form a legal business entity, but it allows you to legally carry on your business under a name that differs from your personal name.
  • It is an official registration of your business name that you can use to operate your business.
  • A DBA allows you to legally change your name and your business name with little formality.
  • Under DBA, you are not bound by limited liability, thus no protection is given to your business assets.
  • When registered as DBA, you are solely liable to repay the loss your business causes.
  • However, a business or company registered as DBA doesn’t enjoy limited liability like an LLC does.

 

Why to form a DBA?

There are many reasons why you should form a DBA, and they differ from business type.

You need to form a DBA if you want to use business name instead your personal name.

You need to register as DBA if you want to open your business account and make payments in the name of your business.

You need to have a DBA if you want your prospective client (s) should award you a job.

You should have a DBA if you want to expand your existing business areas, but don’t want that to be represented by your current business name.

You should file a DBA if you want your other businesses to operate with your existing ones.

Moreover, you will need to have a DBA if you register as an LLC, and want to do your business under a name other than the registered legal name.

Consult with your business lawyer if you are unable to choose the right business structure.

 

Importance of a DBA

Registering as a DBA is important when you don’t want to operate your company with your real name.

  • A DBA is helpful when you want to use your nickname to represent your business.
  • Registered as a DBA, you can receive drafts, checks, and sign contracts, as well.
  • A DBA helps reduce your expenses and paperwork when you’re operating multiple projects.

 

What does an LLC stand for?

An LLC (Limited Liability Company) is a legal entity, and comes with limited liability benefits of a corporation and the efficiencies and flexibility of a partnership.

  • An LLC is also known as a hybrid structure because it combines features of a corporation and a partnership together.
  • Since an LLC is a separate legal entity it provides personal liability protection to your business assets.
  • It allows you to do your business only under the legal name you chose and register with LLC.
  • Most states require you to make a name availability check before creating your LLC.
  • Checking name availability is vital to avoid duplicity of two similar names.
  • You can use your registered LLC’s legal name in all forms of your business, from banking to handling customers and suppliers to filling up your details in government forms.
  • Under LLC, you aren’t solely held liable for any fraud or loss your business incurs.
  • Rather, all LLC’s members are held jointly accountable for any loss the business causes.

To know more why you should form an LLC, reach out to me at [email protected]

 

Why to form an LLC?

If you want to protect your assets from business liabilities and debts then you must form an LLC.

Additionally:

  • You should form an LLC if you don’t want to be held accountable for the liabilities and debts of the businesses.
  • You need to have LLC if you don’t want to worry about the loss of your assets, and avoid legal suits.
  • You need LLC if you want your business to look more professional, legitimate, and trustworthy.
  • Last but not the least; you must file an LLC if you want to get more suppliers, more lenders, and more customers.

Even if you don’t have any idea on how to set up an LLC, send me an email at [email protected] and I’ll contact you soon.

 

Difference Between DBA & LLC

A DBA and an LLC share just a few similar qualities with each other; but there are lots of points where both stand apart.

 

Similarities between DBA & LLC

  • You can use DBA and LLC to name your business something other than your own legal name.
  • You can use both structures to do banking under your business’s name in place of your personal name.

 

Difference Between DBA & LLC

An LLC is formed as a separate legal company with its own tax identification number.

But a DBA is just a fictitious name under which you do your business as a company.

An LLC is like a person, but a DBA is an alias for that person.

An LLC protects your business from failures, but a DBA doesn’t.

You have to do a lot of paperwork to transfer your company from DBA to LLC.

But you don’t have to do so with an LLC, rather it requires less paperwork.

If you register as a DBA, it won’t impact your personal liability.

But under an LLC, your personal liability gets automatically protected.

Besides, an LLC consists of multiple DBAs for various product lines or for any reason they choose.

Plus, there is no automatic transfer of the DBA that you have under your personal name.

 

Benefits of DBA & LLC

Both (DBA & LLC) have their own importance when it comes to starting a business.

But if you have a look at their benefits, you will be able to decide which one is the best business structure for you.

 

Benefits of LLC

The benefits of LLC are really great if you want to protect your business assets from liabilities.

  • You get personal liability protection to your business assets.
  • You can sell and expand your business without any hassle.
  • You get a legal protection for your business name.
  • You can easily hire your employees.
  • It also helps you seek funding.
  • It is a separate legal entity.
  • It requires less paperwork
  • It is more flexibility

Finally, as I discussed above, you won’t be held personally accountable for business debts and judgements against the LLC.

 

What Are the Disadvantages of an LLC?

The major disadvantages of an LLC structure are taxes and limitations.

An LLC is taxable like partnerships, and avoids federal income taxes. But it is not free from disadvantages, as well.

Some key disadvantages of an LLC are as under:

  • It’s a little costlier to operate an LLC than a partnership or sole proprietorship.
  • To set up an LLC, you need to pay more than a sole proprietorship or partnership.
  • Your liability protection doesn’t protect you if your company does any fraud.
  • Under an LLC structure, you do have to pay fees and file paperwork.
  • Under an LLC, you’re subject to self-employment tax.
  • Its limited liability protection isn’t bullet-proof.

 

Benefits of DBA

One of the great benefits of a DBA is that when you begin to use an assumed name, the same can be incorporated under your DBA.

Under a DBA, you can operate your business under an assumed, fictitious and nickname.

You can use this fictitious or nickname to legally operate your business.

Only the registered individual with a DBA has to repay the loss.

A DBA is not a separate legal entity.

 

What are the Disadvantages of a DBA?

One of the key disadvantages of a DBA is that you don’t get liability protection for your assets.

Since a DBA is operated as an assumed name, you don’t get any personal liability protection.

Therefore, there are just a few disadvantages of a DBA, let’s take a look at them below:

  • You will be held liable for all the debts your business incurs.
  • You don’t get any exclusive rights for your business name

 

Pros and Cons of LLC

An LLC is a relatively new type of business structure that most states permit.

Where an LLC entity structure provides the limited liability characteristics of a corporation, it also provides operational flexibility and tax efficiencies of a partnership.

However, there are many pros and cons of an LLC that you must know if you are going to use LLC for your business,

Given below are pros and cons of an LLC business structure that you must know if you want to do your business as an LLC.

Pros of LLC

  • An LLC has a great managerial and organizational flexibility. As its member, you can structure your organization as you want.
  • As a member of an LLC, your liability is confined to the personal investment in the company.
  • An LLC owner is free to choose how it should be taxed, including having pass-through taxation for its members, like partnerships.
  • An LLC doesn’t need to abide by the same strict corporate formalities, applicable to corporations.
  • There are no limitations on the membership of an LLC.
  • An LLC is also easy to manage by the members.
  • An LLC can have any number of members.

Cons of LLC

  • An LLC tends to have a very complex tax filing system, compared to other entities.
  • Liability and tax treatment of an LLC doesn’t have uniformity across all states.
  • An LLC cannot make use of modified-cash or cash basis accounting systems.
  • An LLC can place some restrictions on the transfer of ownership.
  • An LLC is required to have an accrual basis accounting method.
  • An LLC has pricey publication requirements and renewal fees.
  • An LLC doesn’t allow you to pay yourself wages.

Still not sure to decide on the right business structure for your business? Contact me at [email protected].

 

Pros and Cons of DBA

Pros of DBA

Since DBA works as an official registration of your business name, you can use it

  • to form individual brands, take for example Band-Aid or Xerox
  • to open a bank account under the name for business and financial purposes
  • to create a professional identity for your vendors and customers

Besides, with a DBA, you can also have multiple businesses under the same owner.

Cons of DBA

Just as an LLC has their disadvantages, likewise a DBA too has their cons.

Let’s take a look at them below:

  • Wrong filing of DBA name may lead to fraud charges.
  • A DBA is neither a copyright nor a trademark.
  • Anyone can copy it with slight alterations.
  • A DBA name is not protected.

Since a DBA is formed as a fictitious and assumed name, it doesn’t provide its owner (s) any personal liability protection.

Feel free to contact me at [email protected] if you still have any question about a DBA or an LLC.

 

Conclusion

Now that you have read the entire article about DBA vs LLC, which one you find is the great fit for your business?

I know it won’t make the things easier for you to decide between the two, especially when it involves complexity of financial and legal matters.

But if you believe that I can be of any help to you, you can email me at [email protected]

Benefits of an LLC (Updated In 2018)

LLC Benefits

Every business owner reaches the point where they have to ask themselves a very important question:

What are the benefits of forming an LLC?

What are the benefits of LLC over a different type of business organization?

I’m going to answer those questions today so you have a clear picture of all the benefits of LLC a business owner like you can benefit from.

There are many LLC advantages for a business owner which include tax, legal, ownership, and others. Living in certain states can also bring further LLC advantages for business owners who incorporate.

Email me at [email protected] to go over how an LLC can benefit you and your business in more detail.

 

S Corp vs LLC Tax Benefits

LLC tax benefits are one of the main reasons owners incorporate. However, forming an S Corp has its own different tax benefits.

Deciding whether to form an LLC or an S Corp can be a difficult decision. When deciding whether you want to make an S Corp vs. LLC the tax benefits of both can be a major factor.

Both structures have different tax benefits for the business owner, but which one is right for you?

If you’re ready to talk in detail about the benefits of an S Corp vs. an LLC, email me at [email protected] and we’ll get started.

 

LLC Tax Benefits

The man tax advantages of LLC is that an LLC lets the owner decide how they are taxed on their income.

When you operate through an LLC you can choose whether to be taxed as a sole proprietor or as a corporation.

Another tax benefit of LLC incorporation is that you are not subject to double taxation. A corporate owner has to pay taxes on net and dividend income, but an LLC owner does not.

Forming an LLC can have an impact on how you prepare for retirement. LLC owners have larger limits to retirement account contribution, so you can save more as you make more.

Finally, an LLC allows you to lease property you already own in the name of the LLC. When you lease your property to an LLC such as home office, you are able to legally write it off as a business expense.

Now that you’ve read the tax benefits of an LLC, let’s talk about the tax benefits of an S Corp.

 

S Corp Tax Benefits

An S Corporation has many specific tax benefits of its own. One important benefit of an S Corp is the ability to transfer ownership without triggering termination of the entity, which can happen in some situations to LLC owners or Sole Proprietors.

Another tax advantage of S Corps is what’s called “pass through taxation.” Income passes through the business and is reported only on shareholders’ income tax returns which can save a business lots of money.

The most important tax benefit of an S Corp is the ability to lower how much you pay in self-employment tax. By paying yourself a salary, you only pay Medicare and Social Security taxes on that salary and not on the rest of the profit your business made.

Let’s put that into simple math terms. If your business makes $100,000.00 as a Sole Proprietor you would have to pay tax on that whole amount. However, if your S Corp makes that money and pays you a salary of $30,000.00, you only pay those taxes on that amount.

This translates to $70,000.00 you don’t have to pay Medicare and Social Security tax on.

Besides LLCs and S Corporations, business owners can also form Sole Proprietorships which have their own unique benefits.

 

Benefits of LLC vs Sole Proprietorship

A Sole Proprietorship is a very simple business structure when compared to an LLC. All profits, liabilities, and taxes are the direct responsibility of the owner.

Unlike LLCs or S Corps, there’s no tax benefits or liability shields which mean you could be on the hook for a lot more money if something goes wrong.

You might be wondering, what exactly are the tax benefits of a Sole Proprietorship?

 

Tax Benefits of Sole Proprietorship vs LLC

Sole Proprietorship gives a business owner a really simple tax return. All the profits and losses of a business are reported right on the owner’s income tax, so there is less that a Sole Proprietor has to categorize and file.

Another tax advantage of forming a Sole Proprietorship is deducting the cost of health insurance. This makes it much more cost-efficient to provide good insurance to the owner and any employees.

One very unusual tax benefit of Sole Proprietorships is writing off young family member employees. If a Sole Proprietor hires their minor children, they don’t pay any payroll taxes on that salary. Additionally if the child makes $8,000.00 per year or less they don’t owe any federal income tax.

Now that we’ve talked about the benefits of an LLC vs. different types of business structures, let’s go into some specific benefits you might get from an LLC depending on your situation.

 

Benefits of LLC for Rental Property

The biggest advantage of an LLC for a rental property is shielding your assets.

If your rental property is owned by an LLC, anyone who wants to sue you can only go after what your LLC owns and can’t touch your personal assets.

For example, let’s say that you own a rental property and have an irresponsible tenant. Your tenant isn’t paying attention one day and their kid nearly drowns in the pool, so they want to sue you for that.

Because the property is shielded by an LLC, that tenant cannot sue for anything you personally own. They can only sue for the LLC’s assets, which will prevent you from losing everything you have to a frivolous lawsuit.

A less obvious benefit of forming an LLC for rental property is the professional appearance. You will be taken more seriously as a landlord by investors, tenants, repair people, and others if you have an LLC as opposed to not having any formal business structure in place.

If you have a rental property and want to set up an LLC, email me at [email protected] to begin.

 

Benefits of Wyoming LLC

One benefit of forming a Wyoming LLC is that LLC owners in Wyoming don’t have to pay any state taxes. This can be a huge money saver for someone who is just starting a business.

Wyoming LLCs keep their owners’ information totally private. An owner of a Wyoming LLC will not be listed on any public record so they will be able to operate with total security.

LLCs formed in Wyoming never expire, can have unlimited owners, and are very easy to operate from anywhere in the world. Additionally, Wyoming LLCs are extremely simple to transfer ownership if the need arises.

The most interesting benefit of choosing Wyoming to form an LLC is that you do not have to be a U.S. citizen to form one. Not only can they be run anywhere, they can be run no matter where you were born.

 

Benefits of Delaware LLC

Delaware has a statute of limitations on personal liability for LLC members.

This means that after a certain period of time, if your LLC fails, you are no longer liable to lose money because of it.

In addition to the above, Delaware LLC incorporation is very easy to do. Because the IRS doesn’t require much information from Delaware LLC owners, it’s a simple process to get started. Additionally, maintenance is simple and fees are very low compared to other states.

 

Benefits of LLC in Texas

Texas makes owning an LLC simple by not requiring there to be a general meeting of shareholders every year. That results in less paperwork, money, and time that you have to spend on something your business might not need.

Additionally, Texas LLCs only need one owner to form which can itself be a business if that would be the best way for your particular business to run.

 

Benefits of California LLC

California offers some great incentives to incorporate, such as a 9% corporate tax. This is considerably lower than other states that you might form an LLC in.

Additionally California wants businesses to form an LLC and stay in California so it offers awesome tax benefits such as new employment hiring tax credits.

When you incorporate in California you are also able to maximize your retirement contributions even further through special deferred compensation plan so you have the most money possible in your bank account when it’s time to retire.

 

Sole Proprietorship vs LLC California

It is beneficial for a business owner to form a Sole Proprietorship in California, but the state specific benefits of this structure are different than a California LLC.

Unfortunately, Sole Proprietors in California do not have the same liability shields and tax advantages that LLCs or S Corps would. A Sole Proprietor is still 100% personally liable for all debts and actions the LLC undergoes. They also must pay tax on all income earned by the business.

The one advantage of forming a Sole Proprietorship in California is how simple the process is. Because all taxes and liabilities are passed right onto the business owner, there aren’t any specific state filing requirements.

This makes the structure extremely easy for just about any person to form, which can be a relief for someone who might not be able to form an LLC in California.

 

Nevada LLC Benefits

Nevada, like Delaware, is one of the best states in America for a business owner to incorporate as an LLC.

In Nevada, when you form an LLC you’re allowed to include ‘non-economic members.’ These people are listed on the LLC with voting/managerial rights, but they do not own any part of the LLC.

Why would you do this? Maybe because you want someone else to help run the LLC but would like to keep ownership only under your name.

Because Nevada is a very business friendly state, they offer several different methods of expedited approval on new LLCs so you can get your business up and running fast.

Finally, the single most important benefit of LLCs in Nevada are their series LLCs. These allow for LLC owners to set up liability shields within the LLC, shielding the assets from each other.

Why does this matter?

If one of your entities that operates througha Nevada LLC is sued, they can only sue for assets owned by that entity. The rest of the assets owned by your LLC are safe, so you can feel confident knowing your businesses are protected.

 

Benefits of Forming an LLC

Simply put, when you form an LLC, your business gets incredible benefits. No matter where you form your LLC, you will get three amazing benefits.

  • Flexibility on how you’re taxed
  • Protection of your personal assets
  • A professional and trustworthy business reputation

 

Conclusion

Now that you’ve read this article about the benefits of forming an LLC, do you think it’s the right move for your business?

This article took an in-depth look at the benefits of forming an LLC including tax benefits and certain benefits different states offer for an LLC.

Still that doesn’t mean you don’t have more questions before forming an LLC for your business, does it? Deciding to form an LLC is a tough decision.

This can be a tough decision because it can be critical to the future of your business. You want to be sure that you have all the necessary information before making the leap.

Reach out to me at [email protected] and I’ll help you determine if this is a good move for your business and then we’ll start the process.

Why Incorporate in Delaware?

Why Incorporate in Delaware

Why should you incorporate in you Delaware?

I get this question all the time…

The truth is that if you’re a US-resident, you should incorporate in your home state.

However, if you’re a non-US resident, then you should incorporate in Delaware.

Delaware is the most business-friendly state in United States.

On this page, I’ll explain why you should incorporate in Delaware…

If you have any questions, you can always email me at [email protected]

Let’s get started…

 

Why Incorporate in Delaware?

You should incorporate in Delaware because Delaware is the most business-friendly state for non-US residents. In fact, Delaware is the most popular state for LLCs in the US. The top 3 reasons why LLC is the best are: cheaper filing fees, more privacy, and business-friendly laws.

We’ll go more in-depth when it comes to the reasons later, but for now let’s look at some of the facts regarding why do companies incorporate in Delaware.

The first fact is that over a million companies are incorporated in Delaware right now. You also have 60% of the Fortune 500 making their headquarters in the state.

One of the big reasons why Delaware is so popular is because it’s one of the few states with a 0% rate of sales tax. It simply doesn’t exist.

Another reason companies are incorporated in Delaware is the tax rates. The corporation income tax rate is a simple 8.7% flat rate.

LLCs and both partnership types must pay an annual tax of $250, which is a small price to pay for the benefits of Delaware.

Finally, remember that Delaware is close to the nation’s capital, on the same coast as Florida, and is just a couple of hours away from New York.

Companies are making no sacrifices by deciding to incorporate in Delaware, as opposed to states with huge markets.

 

Top 5 Reasons Why You Should Incorporate in Delaware

Delaware has five main reasons that it uses to attract big companies, including business friendly laws, privacy, low filing fees, a lack of income tax, and the knowledge investors have of the Delaware system.

So why do corporations register in Delaware? These are the reasons why:

The Delaware General Corporation Law allows business formations to be as simple or as advanced as you like. Furthermore, the Court of Chancery takes advantage of judges instead of juries, which gives you an experienced judgment instead of a ruling by those who have no clue what they’re talking about.

Delaware doesn’t require directors or officers to register on the formation documents. You have the highest level of privacy in the country.

The filing fee for Delaware is just $90. It’s cheaper than California, New York, and Texas.

There’s zero income tax for business activities outside of Delaware. Now you get to keep more of your money.

Top investors and business leaders understand the Delaware system. By incorporating here you’ll be exposed to a greater range of investment and mentoring options.

In short, this is why I have helped hundreds of companies incorporate themselves in Delaware. So why are companies incorporated in Delaware?

It’s simple. It’s the ideal business environment.

Need more reasons for incorporating in Delaware? Shoot me an email at [email protected]

 

Delaware: The Best State to Incorporate for Non-Residents

Delaware’s low tax rates and the lack of a huge franchise tax make it the best state for non-residents to create a business, whether they’re foreigners or simply from another state.

So why incorporate in Delaware as a non-resident?

The big pro is the favorable laws towards non-residents. These same laws are also favorable to third-party residents and non-resident investors.

Your company will be far more attractive.

Remember that Delaware also comes with a far lower franchise tax than California. In California you must pay $800 in franchise taxes on an annual basis (and that’s the minimum).

Furthermore, if you have a good tax professional you can pay almost nothing in state taxes. Forget trying that in a place like New York or California.

If you intend on making it big most outside investors will expect you to have a presence in Delaware.

 

How to Incorporate in Delaware

Delaware incorporation is simple, whether you want a simple business structure or something more complex. Get a business lawyer who understands the system to help you out.

Why do companies incorporate in Delaware? It gives them the flexibility they’re never going to find in any other state.

But don’t allow yourself to be taken in. Incorporating a business, even in Delaware, requires due care and expertise to make sure there are no problems.

Delaware is one state that makes this easy. However, that doesn’t mean someone without any expertise should attempt this.

Choose me as your business lawyer to help you out. I have firsthand experience in setting up corporate entities for non-residents in this state.

Getting started is as easy as sending me an email at [email protected].

 

Why Do Companies Incorporate in Delaware?

Companies like to incorporate in Delaware because of the investment attraction. But they also have the support they need to function that they don’t get in other states.

Let’s look at the key reasons:

  • The Right Support – Delaware is a business state, so it makes sense that starting a company takes a short time. This means that there’s also a strong level of online support.
  • Better Courts – The court system is geared towards businesses here. Judges have the expertise in dealing with a wide range of corporate issues. You know that if you have a dispute you’re getting a fair judgment.
  • Taxation Favors Companies – There is a franchise tax, but there’s no state corporate income tax. You also only pay tax on income derived from Delaware, so outside of Delaware you pay nothing.
  • Privacy – Corporation laws are flexible. For example, a single person can hold every officer position and be the sole director of a company. Furthermore, you don’t have to appear on the formation documents.
  • No Residency Requirement – In many states at least one officer must be present within that state. Not the case in Delaware.

So why are companies incorporated in Delaware?

The stability and predictability of the state is one thing. But courts have a strong record of pro-management and pro-business rulings.

 

Why Do Corporations Register in Delaware?

Corporations register in Delaware because the legal system is robust for businesses and you get a pro-business economy you wouldn’t get elsewhere.

One of the big advantages of this state is that companies can issue stock to employees. That makes it easy to raise money from around the world. It also offers a level of stability because the rules rarely change.

And consider the fact that ordinary stockholders don’t have the power to stop mergers, as they do in places like California.

That’s attractive.

Another difference is that Delaware is the only state with its own business court system. The Court of Chancery allows business issues to be resolved quickly by a judge who specializes in corporate law.

In short, Delaware corporations and directors have a legal system that supports them and a high level of protection.

 

Why is Delaware a Tax Haven?

Why is Delaware a tax haven? It’s simple. Delaware has low taxes, no state taxes, and a high degree of corporate privacy.

But the reason as to why incorporate in Delaware is because of the comparisons with other states.

California, for example, has a high franchise tax and high state taxes. There’s a similar situation in New York. Any taxes here are a flat rate and not based on earned income.

Combine that with a strong level of corporate privacy and it’s difficult for outsiders to come after corporations or specific directors. That’s a great advantage if you’re either a director or an investor in Delaware.

This makes a fantastic tax haven in Delaware. It’s not just because of low taxes it’s because of the pro-business system that supports it.

 

Best State to Incorporate In

The best state is always your home state so you don’t get classified as a foreign corporation. But states like Delaware, Wyoming, and Nevada are all strong contenders for non-resident business owners.

We’ve already talked about Delaware, so we’ll discuss these two states. First, let’s talk about Nevada.

Nevada – The first advantage of Nevada is that it shares Delaware’s view on taxes.

Nevada doesn’t have any state corporate income taxes. It also doesn’t have a personal income tax or a franchise tax.

Another advantage is when trading corporate shares there are no additional fees to pay. There are no costs involved with trading.

Finally, shareholders, officers, and directors don’t need to be resident in Nevada.

Wyoming – The cost of starting a company in Wyoming is one of the lowest in the country. Average incorporation costs are less than $100.

Another advantage is that Wyoming only taxes the entities and business within the state of Wyoming. Assets held in other states have no exposure here.

Finally, you have complete anonymity in Wyoming. Only the incorporator and the registered agent must be disclosed. In both cases this can be a third-party that takes no part in the business.

So, what’s the best state?

Email me at [email protected] to discuss the best option for your business. A business lawyer like me can show you what will give you the best protection for your business.

 

Why Incorporate in Delaware vs. Wyoming?

Delaware’s legal system works differently to Wyoming’s. This is the main reason you get more protection in Delaware.

It’s true that Wyoming may have lower filing fees and some tax reductions in specific areas, but it’s not worth trading in the protection that Delaware’s legal system gives.

Wyoming lacks a separate business court division. It also tends to favor management over the rights of directors and owners.

For this reason alone, it’s better to incorporate in Delaware. I recommend that you strongly consider Delaware long before you consider Wyoming.

That doesn’t mean Wyoming doesn’t have its advantages. For small companies that don’t require the systems of Delaware, Wyoming can be an attractive option.

For most companies, though, Delaware is the best choice if you want to incorporate outside of your home state.

 

Cost to Incorporate in Delaware

The cost of incorporating in Delaware is less than you might think. It’s less than $100 for formation fee and any service fee you must pay.

The exact cost of the Certificate of Formation, as of today, is $70. But keep in mind that you will also have to pay a service fee on top of that.

Do remember that if you decide to file the long-form Certificate of Formation the fee can be significantly higher.

 

Why Not Incorporate in Delaware?

There is one main disadvantage to incorporating in Delaware. That is that doing business in another state means that, in most cases, you will have to be foreign qualified.

What does ‘foreign qualify’ mean?

Your business will need to register to transact in other states. This means that you need to fill out a lot of paperwork and pay more filing fees.

There may also be additional regular filing requirements. That can get messy fast.

But it all depends on the states you want to transact in.

 

How to Get Started with Your Delaware LLC

Getting started with your Delaware LLC requires the help of a professional. Don’t attempt to do it yourself or you could get into trouble.

I say that you should always hire a business lawyer to do it for you. They know the ins and outs of Delaware law, which differs from other states, and they can make the process as fast as possible.

Need help getting started with your Delaware LLC? I’m just an email away – [email protected].

 

Conclusion – Should You Incorporate in Delaware?

To start with, you should seriously consider your home state. Sometimes if you’re based in Texas it’s not worth registering as a foreign corporation to avoid taxes.

But if you operate in an anti-business, high tax state like California the power of Delaware can be extremely beneficial for your business.

Email me at [email protected] to discuss your business’s situation. I can tell you what the best option is for you.

And if you do decide to incorporate in Delaware then I can make it both easy and affordable for you.

Do you believe incorporating in Delaware is the best choice for you?

Partnership Agreement: #1 Partnership Agreement Contract Lawyer

Partnership Agreement

If you’re starting a partnership, you’re on the right page…

You should definitely NOT start a partnership until you get a Partnership Agreement in writing.

A Partnership Agreement allows you to structure your relationship with your partner in a way that suits your business.

In your Partnership Agreement, the details of your roles, rights, details of activities of your business, contributions, distribution of profits, and how disputes will be settled, along with other important clauses will be included.

Most contract lawyers work on an hourly basis but I work on a flat-rate basis to draft your Partnership Agreement which is more transparent and does not lead to any surprises down the line.

► If you’d like to get your Partnership Agreement drafted, send me an email at [email protected]

 

What is a Partnership Agreement?

A partnership agreement is an agreement between two or more parties on how to run the business and their various responsibilities/duties.

The concept of a simple partnership agreement is quite easy to understand. But that doesn’t mean it can’t get complex.

That’s why I always recommend coming to a professional like me for help in drafting one for your company. There are lots of different types and if you leave something out it can be terrible for your business.

 

Why is a Partnership Agreement So Important?

A partnership agreement is important because it prevents conflicts and ensures that each partner knows their responsibilities.

Let’s take a closer look at this. Within a general partnership agreement (not to be confused with any specific type), it would state what each partner is responsible for.

It would also detail how decisions are made, capital contributions made to the business, and what each party is entitled to.

By simply referring to the business partnership contract issues can be resolved before conflicts begin.

Furthermore, clients are guaranteed a far better service because every partner is aware of what their duties are. Responsibilities are easily apportioned and there’s a strong sense of individual accountability.

In short, it’s shocking how any partnership can function without calling a professional to draft a robust agreement for them.

Still trying to determine the importance of a partnership agreement?

Shoot your questions over to me at [email protected]

 

Business Partnership Agreement

A business partnership agreement is ultimately about outlining the contribution of each partner to the business.

Contributions come in many forms, but I can sum it up to:

  • Any useful specialist skills.
  • Capital contributions.

The qualifications they hold that qualify them for specific tasks.

These are what make up a partnership between multiple parties. It’s the same with a production partnership as it is with a law firm partnership agreement.

It’s also the same between different company types, such as the LLC partnership agreement and the limited partnership agreement. These are the principles that make up any business partnership agreement.

Need help getting started with your business partnership agreement? I would love to help! Email me at [email protected]

 

General Partnership Agreement

A general partnership agreement is made under the assumption that profits and dividends are shared equally between partners. However, unequal distribution is possible.

I mentioned that unequal distribution is sometimes used for these types of agreements. The only legal requirement is that within the partnership letter the percentages must be clearly stated for it to be enforced.

If you still have questions about general partnership agreements contact me at [email protected]

 

What Partnership Agreements Should Include

Partnership agreements should include everything from responsibilities, to voting systems, to systems for eventualities like death, disability, and expulsion.

This is where these agreements get complicated. A partnership contract can quickly turn into a short book with more complex companies.

Leaving even a single provision out could cause a lot of problems later. That’s why you should hire a professional like me to help you with this.

So, what should be included? There are at least seven important things that should be included in any agreement.

  1. Contributions – The partnership agreement definition states that every partner will contribute something and will be responsible for the ongoing financial needs of the company. Spell this out, including if you have a silent partner agreement in place.
  2. Distributions – At the other end of the spectrum you have the distributions in profits and dividends. Do you want a profit sharing agreement or something else?
  3. Ownership – What will an owner take with them if they decide to leave? Describe the scenarios of bankruptcy, major illness, and death.
  4. Making Decisions – How will decisions be made? Will you have a voting system, and if so what kind of voting system?
  5. Dispute Resolution – Disagreements between partners happen, but you don’t want it to get out of control. Make it clear that there’s a system in place for dispute resolution.
  6. Handling Major Changes – Outline what you will do in scenarios like: the death of a partner, retirement of a partner, a buyout, and making changes to the partnership agreement.
  7. Dissolution – If the partnership fails you need to determine what happens then. This could make up most of your business partnership agreement.

See Also: Contract Review Checklist: 21 Things to Look for Before Signing

 

How to Write a Partnership Agreement

There are templates available for writing a partnership agreement. I highly recommend that you get the help of a professional, though.

The problem with many of these templates for a domestic partnership agreement or a silent partner agreement is that they simply don’t cover all the bases. They don’t cover the nuances of your business.

Unless you’re an expert, make sure that you hire a professional. I have helped hundreds of companies draft agreements that are specific to their companies and the way they want to run things.

This is not something to skip over or be cheap about.

Contact me at [email protected] to get started with creating your partnership agreement today!

 

How Much Does a Partnership Agreement Cost?

It depends entirely on your business. The drafting costs and any additional fees will vary so it’s impossible to put an exact figure on it.

It’s not going to be a major business expense, so you shouldn’t think twice about hiring an expert to draft a partnership agreement and a partnership dissolution agreement for you.

It’s more than worth what you’ll pay for the draft.

Never establish a partnership without doing this first.

I can provide you with your free and no obligation partnership agreement quote. Send me a message at [email protected] to get started.

 

Partnership Agreement Definition

The partnership agreement definition is simple. Any agreement is ultimately a contract between two or more partners on the terms and conditions of their business relationship, as well as how the business is run.

It’s true that not all agreements are the same. A business partnership contract can be as simple or as complex as you want it to be.

It’s always going to differ depending on the business. For example, a law firm partnership agreement may contain clauses not found within a real estate development partnership.

Don’t fall into a false sense of security because of how simple the definition is.

 

Why a Partnership Agreement is Necessary

A formal agreement between partners is essential to prevent conflict and to outline the responsibilities and systems of the business.

Disagreements are common and if there’s no formalized system in place it will become extremely difficult to resolve those disagreements. You need to have these systems available for the protection of the rights of partners.

It’s not a legal requirement to have one, but if you want informal agreements to be honored they must be written down so they can be referred to.

If disagreements become critical, your LLC partnership agreement could be used in a court case.

 

Why Have a Partnership Agreement?

There are also many benefits when it comes to tax practices, liability issues, and for the changes the business may go through.

Here are the main reasons why you might need a comprehensive partnership contract:

  • To avoid tax disputes with the IRS through having the business’s tax requirements clearly spelled out.
  • To make it clear who’s liable for which parts of the business.
  • To handle major changes to the business, such as new partners and departing partners.

These are just some of the reasons why you should consider a formal partnership letter crucial.

If you’re still not sure why you should have a partnership agreement reach out to me at [email protected].

 

Why Should a Partnership Agreement Be in Writing?

You must write down any agreement so it can be referred to during times of disagreement. It’s also a legally binding document.

Not a lot of people know that even a simple partnership agreement is a legally binding document. In major disputes, it can be used to prove a case in court.

These agreements use extremely specific language and ensure that everyone is aware of their responsibilities and the way the business operates. It also makes sure that everyone understands everything.

That isn’t necessarily the case when having an informal conversation between partners.

 

Law Firm Partnership Agreement

A law firm partnership agreement must include additional clauses to cover the nature of the work. You won’t necessarily find these clauses in other agreements.

Why did I mention this specific type of agreement?

Law firms are in an area, like doctors, where the level of liability is high. That means these agreements must be even more specific because they must spell out the exact responsibilities of every partner.

In a sector where professional liability cases are in abundance, agreements like these must lay down the duties for each partner even more clearly.

For these types of agreements, I would say it’s essential to employ a professional to create a draft. Don’t use a standard template.

I have years of experience with creating law firm partnership agreements and I’m just an email away at [email protected].

 

LLC Partnership Agreement

The LLC partnership agreement is even more complex than a general partnership agreement. It alters the way liability and input works.

The key difference is that partners can avoid assuming full liability for the business’s activities. They can also have limited input in management decisions.

Short-term investors often choose these agreements simply because the more they invest the more input they can have.

Again, these agreements are complex and you should employ a professional to help draft one of them.

I can help you get started on your LLC partnership agreement today. Send me a message at [email protected]

 

Limited Partnership Agreement

A limited partnership agreement is almost the same as a general partnership agreement. The difference is that they combine the advantages of a general partnership and LLC partnership.

So how does this work?

There must be at least one general partner and one limited partner. The general partner has both investment and management control.

A limited partner, however, may have limited management control and limited access to distributions.

For example, an investor who owns shares in Disney is a limited partner. They gain dividends but they don’t have any input in the direction of the company.

If you still have questions about limited partnership agreements feel free to send them my way at [email protected]

 

Real Estate Partnership Agreement

A real estate partnership agreement is another complex partnership agreement type. They come with additional responsibilities and liabilities.

Since there are so many areas of real estate where partners could become liable, this can get complicated fast.

It also depends on the type of real estate activities you’re involved in. It must cover any development, distribution of profits, and who puts up the capital.

Again, I would recommend hiring a professional to help with a real estate partnership agreement.

I’m just an email away at [email protected] if you need help drafting your real estate partnership agreement.

 

Profit Sharing Agreement

A profit sharing agreement could be applied to any type of business. It allocates both profits and losses in a specific way.

Most agreements with partners involve simply distributing profits and losses equally. This is known as a general partnership agreement.

But for companies that prefer to distribute profits and losses unequally a profit sharing agreement will be used.

How might this work?

Let’s say you have a real estate company. There are three partners involved. One partner delivers most of the money, so a profit sharing option must be used.

In this case, the biggest investor may receive 50% of the profit, the second gets 30%, and the third gets 20%. This would also be the ratio with any losses.

I’ll help you get your profit sharing agreement right the first time. Message me at [email protected] for assistance.

 

Silent Partner Agreement

A silent partner agreement is designed for companies where some partners provide capital without involving themselves in management or day-to-day operations.

Silent partners are present when they wish to invest in a company but may bring no specific skills to the table. For example, an investor in a sports team may be a silent partner if they have no branding, coaching, or playing skills.

They can still make money and they can still occasionally put forward their opinions, but they generally stay out of affairs.

To compensate for this, they may receive a greater share of the profits, but that depends on the company.

I can help you with your silent partner agreement. All you have to do is shoot me a message at [email protected]

 

Domestic Partnership Agreement

A domestic partnership agreement is an agreement between couples. It reveals the responsibilities when it comes to financial affairs and business ownership.

Another important point regarding this partnership agreement is that it details how various assets and managerial positions are distributed in the event the couple breaks up.

It’s easy for this to be confused with a marriage contract, but it’s not the same thing. It’s simply a document that details which party is responsible for what.

Still have questions about domestic partnership agreements or need help creating one? Send me an email at [email protected]

 

Partnership Buyout Agreement

The partnership buyout agreement stipulates what happens if the business is sold or an owner’s stake is bought out by a third-party.

Disputes between parties when a sale is about to happen is one of the most common reasons why business relationships break down. The partnership buyout agreement ensures that an owner can sell their interest without causing problems for the remaining partners.

It should stipulate:

When an owner can sell their stake.

The third-party who can buy their stake.

Any valuation methods used to determine how much their stake is worth.

You also should include whether a departing partner must be bought out before they can terminate their business relationship.

I strongly advise that you seek help from a professional to avoid problems later.

You can reach me at [email protected] for any questions related to drafting a partnership buyout agreement.

 

Partnership Agreement in California

California law stipulates that no written agreement is required, but without a formal agreement any disputes will revert to the Revised Uniform Partnership Act (RUPA)

What this means is that in the event of a dispute all partners will be considered equals. Did you have a 70-30 split? Then that’s too bad.

The two partners would have a 50-50 split under California law. And there’s nothing you can do about it.

States like California illustrate why you absolutely must have a written agreement in place. Just because it’s not the law it doesn’t mean that a partnership agreement California isn’t essential for the running a partnership.

Feel free to email me at [email protected] for help with your partnership agreement in California.

 

Partnership Dissolution Agreement

Your partnership dissolution agreement is not part of your partnership agreement detailed above. It’s the document you sign when you choose to dissolve your partnership.

Take note that your partnership isn’t dissolved the moment you sign this agreement. Your business must settle its debts, distribute its assets according to the partnership agreement, and be terminated as a business entity.

This agreement will determine what the process is and how the various profits and losses are distributed for the final time. Many companies also choose to have a dissolution agreement that acknowledges the current obligations it has to its clients.

 

How to Dissolve a Partnership Agreement

The process depends on the state. You must fill in the required forms and then handle your business according to your original business partnership agreement.

To start with, you should visit your state’s website and figure out what the formal process is. You then need to fill in the required state forms. It can take six months for the partnership to be formally removed from the books.

Your original agreement will prove useful here because it will already reveal how the business must be dissolved.

This is why I always say that you should hire a professional to help you with this part of your business partnership agreement. Even a single missed point can lead to a lot of conflict further down the line.

 

Conclusion

You should definitely not start a partnership until you get a Partnership Agreement in writing.

A Partnership Agreement details of your roles, rights, details of activities of your business, contributions, distribution of profits, and how disputes will be settled, along with other important clauses will be included.

If you’d like to get your Partnership Agreement drafted, send me an email at [email protected]

Alternative Financing Methods for Starting a Small Business

Alternative Financing Methods

So you’re thinking about starting up that small business that you’ve always dreamt of?

There’s just one problem: starting a business costs a lot of.

Unless you have a rich uncle who happened to kick the bucket and leave you everything, you might be scratching your head struggling to figure how you can come up with the funds to get your business going.

You can go to the bank and ask for a small business loan, but that can lead to a number of hindering road blocks.

If you weren’t born with a silver spoon, here are some helpful steps on how you can get your small business started so you can finally start pursuing your passion.

 

Step 1: Start Saving Money

If you are serious about starting a small business, you will need some start up cash. If you can, start saving money as soon as possible. Whatever you do don’t quit your job and jump into something headfirst. Take your time, there is no rush. It’s better to save money while you do research and get a game plan together.

 

Step 2: Make a Plan

It’s important to have a well-thought out business plan. This will not only be helpful when it comes to starting your business, but also when finding investors. Investors, whether they be banks or money lenders, are going to want to see a business plan and a vision. How much is your business going to cost?

When will you be able to turn a profit? These are the kinds of questions you need to be asking yourself. Once you have a clear business plan, you can start tackling each task on your list.

 

Step 3: Form a Corporation

To create a business, you need to come up with a name that hasn’t been taken and register it – ASAP. Before you can do that, you need to decide what kind of company you want to form. The most common one is a LLC, which stands for Limited Liability Corporation.

There are a handful of other options when it comes to this step but this is the most popular choice for small businesses. Once you know the type of business, you can register it with your state’s Secretary of Treasury. If you plan on having any kind of special licensing for food or alcohol, you will need to contact the respective state departments for these licenses, as well.

 

Step 4: Find Clientele

Investors are going to want to know that your business is going to succeed. Let’s say you are a wedding planner; an investor isn’t going to give you any money to start a wedding planning business if you don’t already have clients who are interested in your services.

If you plan on opening up a restaurant, make sure it’s in a location with plenty of traffic and there aren’t any competitors nearby who might be selling the same thing as you.

 

Step 5: Find Investors and Get a Business Loan

This step will be the most difficult and discouraging of all. Convincing someone to invest their money and believe in your business is no small feat.

Be prepared to have a lot of doors closed in your face. The most important thing to remember is not to give up and learn from each failure and mistake.

Ask lenders why they won’t invest and adapt yourself accordingly. Banks are going to be especially difficult when it comes to getting a loan.

Having good credit is everything when it comes to dealing with commercial banks.

If credit is going to be an issue, don’t be discouraged – there are other options. If you live in Southern California, hard money lenders in Irvine can be an incredibly viable option. With a hard money loan you will get a fixed rate and in most cases credit won’t be an issue.

 

Step 6: Hire a Lawyer or CPA

Yes, it’s possible to start a business without a lawyer or CPA, but it’s going to make the process much more difficult. Having a Certified Personal Accountant is going to protect you from violating any tax codes and laws.

CPA’s can also help manage your loans and issue payroll for all of your employees.

Having an attorney on retainer is always a great idea. If you already have an attorney, he or she can save you a lot of money when something goes wrong, such as an employee getting hurt on the job and trying to sue you.

It’s always better to be prepared rather than wait for something to go sideways and scrambling to find legal help and advice.

Whatever you do, don’t give up! Just keep pushing forward and looking to future; before you know it you will have that small business you have always dreamed of.

Law Firm Partnership Agreement: A Step-by-Step Guide (Updated In 2018)

Law Firm Partnership Agreement

If you’re thinking of creating a partnership for your law firm, you’re on the right page…

A Law Firm Partnership Agreement is a partnership agreement that defines your roles and responsibilites when you’re entering a partnership to start a law firm.

Running a law firm with other like-minded partners sounds like bliss…

The problem is that during times of crisis your law firm partnership agreement will become the contract that will protect you during those times.

Disputes with law firm partnership agreements can lead to disagreements, conflict, and chaos.

If you’re looking to get your Law Firm Partnership Agreement drafted, send me an email at [email protected]

On this page, I talk about what should be included in your Law Firm Partnership Agreement and why you should hire a independent contract lawyer, like me, to draft your law firm partnership agreement for you.

So, let’s get started…

If you prefer for an experienced contract lawyer to draft your Law Firm Partnership Agreement, send me an email to [email protected]

 

What is a Law Firm Partnership Agreement?

A law firm partnership agreement is an agreement that spells out the various responsibilities and duties of every partner involved within the law firm.

This is crucial because a partnership agreement for law firm must have something that resolves conflicts and crises when they happen. In the beginning, it might seem like a pointless piece of bureaucracy, but you’ll find it essential later.

Furthermore, a partnership agreement for small law firm helps to prevent those conflicts and crises in the first place.

As you can see, a partnership deed is essential for any partner within a law firm. So, we’re going to explain what you must include within your own agreement.

 

Who Can Be a Partnership Lawyer in Your Firm?

The process by which new partners are admitted, and what they must do gain entry, should be clearly spelled out within your partnership agreement.

A new partnership lawyer should know what they need to do to get in and existing partners should understand what’s expected of new applicants.

That could include specific qualifications, specific levels of experience, and whether there must be a buy-in amount for the partnership.

Why is this so relevant?

It preserves the quality of the law firm and prevents nepotism. Imagine if one of the original partners simply wanted to bring in their newly qualified lawyer friend. That can’t happen with this agreement.

Make sure your partnership agreement clearly states who can be a partner at your firm by emailing it to me at [email protected] for review.

 

How Long Can Your Partnership Agreement for Small Law Firm Last?

Did you know that the Uniform Partnership Act can automatically terminate a partnership unexpectedly? A partnership automatically terminates on the death of a partner.

Under the act, the death of a partner would automatically terminate a partnership. That’s why if you look at any partnership agreement between two companies or a partnership between individual people there will be a clause that prevents this.

Make sure that you specify the duration of the partnership so the death of a partner stops the termination of the partnership.

You can always extend and renew the duration later.

For assistance with your partnership agreement send me an email at [email protected]

 

Do You Have a Capital Contribution Requirement for Your Partnership Deed?

Capital contributions are essential for keeping the partnership capitalized. These contributions must come from all partners, and should be laid out within the agreement.

Not a lot of people realize that it’s actually illegal for law firm partnerships to have outside investors in the US, as of this writing. That means all contributions must come in the form of loans from financial institutions and the partners themselves.

So how should you handle this?

It’s quite simple. Spell it out within your deed of partnership. The agreement format should reveal the level of capitalization that the partnership should have at all times.

We touched upon it earlier when it comes to the buy-in requirement for new partners. But you must go further than this.

Don’t just create a required capitalization level. Ensure that it matches pace with inflation.

I’m available to help. You can contact me at [email protected]

 

How Does Voting Work for the Partnership Lawyer within the Law Firm Partnership Agreement?

You have two options for voting: weighted voting and per capita voting. Choose one for when the entire firm votes on major issues.

Per capita voting is the most common voting system in place. It’s one vote for each partnership lawyer. It’s that simple. A majority wins, although you can specify if certain big decisions require a two-thirds majority.

An agreement format could also specify that weighted voting is in place. This is where things can get complex.

A weighted vote means that more experienced partners can vote and their vote counts more than once.

For example, let’s say you have a partnership with five lawyers. The original founder may have three votes, so they could easily overrule a decision they don’t agree with.

Weighted voting is a complex system and requires a specific set of rules for your law firm partnership agreement.

Do you have more questions about weighted and per capita voting? Shoot me a message at [email protected].

 

How Should Your Partnership Agreement Deal with Profits?

You can be specific or you can simply put the distribution of profits to a vote a few times every year.

Some firms decide to create complex rules regarding profits. I advise against this because if there’s ever even a slight change you’ll have to keep amending your partnership agreement for law firm.

Most partnership agreement for small law firms determines that profit distributions are decided by a vote between partners each time. This is a far more efficient system.

Still not sure how to your partnership agreement should deal with profits? I’m available via email at [email protected] to help.

 

What Should a Partnership Agreement for Small Law Firm Do About Retirement?

Retirement clauses should reveal a specific age for mandatory retirement and a system in place for maintaining partners above this age on a case-by-case basis.

According to one survey, within the US today only 4% of lawyers plan to never retire. For these individuals, you must have a mandatory retirement clause.

These retirement clauses are becoming far more common to prevent a decline in performance. The most common mandatory retirement ages are 65 and 70.

However, if a partner brings a great benefit to your firm then you should also insert a clause that allows you to provide one-year rolling contracts to people above the mandatory retirement age on a case-by-case basis.

As well as a mandatory retirement age, you should mention how capital is paid out to retirees. Is it immediately? Is it after three months? Is it after six months?

Email me at [email protected] for assistance with your retirement clauses.

 

How Should Your Partnership Deed Deal with Death and Disability?

Dealing with death and disability should be done in a way that’s both compassionate yet maintains the financial integrity of the firm.

Let’s look at disability first. Disability is difficult, especially if it’s permanent, because partners may feel an obligation to support the disabled, regardless of the financial integrity of the firm.

Your partnership deed should insert a clause providing a cut-off point for disability support. This stops the partnership from perpetually paying out an infinite amount of money.

Most companies deal with this by providing either full compensation or partial compensation for a specified period.

Finally, make sure you have a clear distinction between temporary disability and permanent disability.

In terms of death, we briefly touched upon this earlier with the duration of the partnership. But you must have additional clauses for the estate of the deceased.

The partnership lawyer and their estate must receive their fair share of the partnership. There should be clear provisions in place for the timing and amount that must be paid out.

And one final issue is the continued use of the deceased partner’s name within the law firm. A prevision within the partnership will provide the required power to continue using the name for branding purposes.

Need help adding in the disability and death provision? Contact me at [email protected]

 

What Should You Do if a Partnership Lawyer Withdraws from the Law Firm?

This is up to you, but you can either have the same provision as death or you can introduce a financial disincentive.

For simplicity, it’s common for a law firm partnership agreement to simply treat the withdrawal of a partner in the same way as death. However, you may decide to offer a financial disincentive.

Withdrawal at short notice with death provisions in place could lead to a serious loss of capital. For small law firms, this can put the existence of the firm at risk.

A financial disincentive provides a few key benefits:

  • It encourages partners to stick with the firm.
  • It reduces the chances of the law firm entering financial difficulties.
  • It protects your clients.

If you experience disagreements you don’t want that departing partner to lobby any clients they have. This can destroy any law firm.

A partnership agreement for law firm with a financial disincentive makes partners think twice. It also stops disagreements from leading to a permanent breakup of the partnership.

This provision should clearly lay out the amount of capital the partner can take with them. It also offers legal protection should the departing partner try to steal your clients.

Hopefully, you’ll never need to use this. But if you do then you know you’re protected.

 

What Happens if a Partnership Lawyer is Expelled?

Expulsion protections decide on capital paid out and protect your firm against spiteful backlashes.

For a start, you should automatically have provisions in place should a lawyer be disbarred. This should be an automatic expulsion without a vote on the issue.

However, what about if a partner is no longer productive or they’re becoming a liability to the company? Like any partnership agreement between two companies you should have a system in place.

It’s likely that it will come down to a simple vote. A simple vote may require a simple majority or a two-thirds majority.

To protect all members, though, there should only be specific circumstances where such a vote can take place. These should be laid out within the partnership deed.

Finally, the section on expulsion must include what happens to any capital. Again, financial disincentives could be present, but this isn’t always necessary.

 

How Should You Handle the Dissolution of a Partnership?

Dissolution of any partnership should protect the rights of both partners and their clients. This also includes giving advance notice of the dissolution of the partnership.

The agreement format you use should always include a section on how to dissolve the partnership. It’s often the most complicated part of the deed of partnership so I’m going to show you how to do it.

This is more common than you might think. Some  law firms are simply tightening up internally, but many law firms are starting to become obsolete, even as Profit Per Partner (PPP) rises, so this may be more pertinent going forward.

Always prepare for the worst-case scenario.

What should your dissolution provisions do?

They should refocus the entire partnership at a time when many may be more concerned with their own careers, instead of the firm. The responsibilities and duties of partners should be clearly spelled out.

Make the dissolution of the partnership as detailed as possible because if something isn’t covered by the agreement, lawyers may simply argue out of self-interest.

Here are some of the duties you’ll need to consider:

  • Providing enough advance notice to clients regarding the dissolution of the partnership.
  • A transitional process to make sure that clients aren’t suddenly left without legal protection in the middle of a case.
  • How capital is distributed upon the dissolution.
  • How clients are allocated to individual lawyers, if this is the preferred direction of the firm.

These are just a limited number of responsibilities you’ll have to cover in this scenario. I recommend considering law firm partnership agreement help to make sure that you leave no stone unturned.

The last thing you want is to miss something out and have the partnership break down in chaos.

 

Conclusion

If you’re starting a law firm with another partner, you should definitely have a written Law Firm Partnership Agreement in place.

It’s true that this is an extremely complex part of establishing a law firm.

It’s also true that every partnership will have different expectations and requirements.

However, these provisions represent the foundations of any good partnership agreement. The specifics may be different for every law firm, but that doesn’t mean the individual sections change.

So how should you create an agreement like this?

I recommend that you sit down with an expert in drafting partnership agreements. They will be able to tell you what you need and ensure that you don’t miss anything.

Email me at [email protected] to get your Law Firm Partnership Agreement drafted.

Contract Review Checklist: 21 Things to Look For Before Signing

Contract Review Lawyer

Are you about to sign a contract?

If the contract means anything to you, you should 100% get your contract reviewed before signing!

Businesses both allow and expect the other parties to make changes to the contract before signing it.

As complicated and overwhelming a contract can be, it’s a HUGE  mistake to sign any contract before you get it reviewed.

As a contract lawyer, I’ve successfully reviewed hundreds of contracts for my clients, and I can definitely help you with yours.

By reviewing your , I will make sure it matches your needs and I will make sure to clarify your obligations under the contract. Also, I will make sure the contract accurately reflects your understanding of the terms of the contract, analyze the benefits and risks, and make sure your interests are protected to avoid potential problems down the line.

If you’re looking to get your contract reviewed, email me at [email protected]

 

What is Contract Review?

Contract review is the process of reading and understanding a contract on a line-by-line basis. It is a deep analysis process to make sure the contract is fair.

More importantly, you need to make sure it doesn’t include any loopholes that could work against you. Truthfully, contract review is a long process with a lot of legal terminology mixed in. This is why contract review lawyers exist.

A contract review lawyer can examine the contract, explain the contract to you, and even suggest changes that are in your best interest.

 

Contract Review Mistakes

The unfortunate truth is business owners make all sorts of mistakes when dealing with signing a contract. Some of these mistakes include:

  • Thinking a legal review lawyer is a waste of money
  •  Thinking a contract is non-negotiable or that signing is mandatory
  • Signing a contract before reviewing it
  • Signing a contract before fully understanding it

Any of these mistakes above can cause you to sign a contract which is not truly in your best interest.

 

Why Get a Contract Reviewed?

Getting a contract reviewed is important because all of your decisions are made through a contract. Contracts should always be handled in the correct manner to prevent yourself from having a legal problem.

Basically, this means every single contract drafted and negotiated needs to be reviewed by a contract lawyer before it gets signed.

In fact, here are a few key reasons why you should get all contracts reviewed:

  • It prevents people from misunderstanding what they are signing. All terms need to be clear.
  • It guarantees that the terms within the contract are legal and lawful.
  • It prevents – or at least minimizes – future legal problems.

You get a contract reviewed by a legal professional because not doing so is an avoidable mistake. Email me at [email protected] for your contract review today:

 

Why is Contract Review Important?

Contract review is about more than just protecting your company from signing a troublesome contract. It is also about protecting the relationship between you and the other parties involved. The relationship is going to be doomed to fail if all parties do not understand the contract.

You enter into contracts every day and all of the time.

Terms of any contract need to be fair, correctly drafted, and thoroughly reviewed. It is vital to make sure the contract meets the needs of both parties involved.

 

Contract Review Process

Contract review is basically a four-stop process. These steps include:

  • Drafting
  • Reviewing
  • Negotiating
  • Signing

First, a contract is created.

Second, the contract is reviewed.

Third, you negotiate any changes you want to make to the contract.

Finally, once everyone is happy and the terms are crystal clear, you sign the contract. Sticking to this four-step plan is the key to preventing yourself from signing a contract that isn’t in your best interest.

 

What Does a Contract Review Lawyer Do?

A contract review lawyer works with contracts. They can create them, revise them, review them, help you understand them, and help you negotiate the terms of any contract.

A contract is basically a legally binding agreement between you and another party. Contracts tend to pop up in both business and personal manners.

Considering a contract is a legally binding piece of paperwork, it is vital to make sure they are done the right way. This alone is the biggest reason why you need a contract attorney.

Now, I know what you are thinking – what on earth is a contract attorney? Truthfully, there is a specific lawyer for just about every legal task you can think of.

A contract lawyer – as the name implies – is a lawyer who specializes in contracts. This is someone who has experience in both creating and revising contracts.

If you are a landlord, a contract lawyer is who would help you create the lease for your tenants.

If you were a singer, your contract lawyer would help you draw up contracts for your career.

If you were an employer, this is the person who would help you draw up the contracts for your employees to sign.

And so on and so forth.

Naturally, the job of a contract attorney works both ways. Say you are someone who is getting ready to sign a big contract for a new job, a contract lawyer could look at the contract. They can explain it to you in a way that you will understand, and then they will help you make any necessary revisions.

Having a contract lawyer on your side before you create or sign any contract is a good idea because you could be created or signing something you wouldn’t normally agree to. I’m here to help, just email me at [email protected] today.

 

What Are the Different Types of Contract That Should Be Reviewed?

There are many different types of contracts that you should have reviewed before signing anything. Some of the most common types include employment contract, physician employment contract, real estate contract, purchase agreements, and freelancing contracts.

Let’s look at these common types of legal documents in more detail:

 

Employment Contracts

An employment contract is something that you’ll have any time you are getting ready to start a new job, a new position, or a new contract.

There are many things to look for in an employment contract, and I’ve covered that in more detail below, but the most important thing to remember is don’t sign anything you aren’t 100% clear on.

 

Physician Employment Contracts

A physician employment contract is just like an employment contract except it’s for physicians. The general employment contract review advice applies to physician contract as well.

However, there’s one important thing for you to remember as a physician: you are literally dealing with people’s lives and you need to minimize any risk or confusion – get a contract review to make sure you are getting a fair offer that doesn’t jeopardize your career.

You should get your physician employment contract reviewed if you’re a physician.

 

Real Estate Contracts

Real estate contracts are documents that you need to sign when you are leasing or purchasing real estate. These are usually pretty standard, but it is important to have a lawyer review these contracts because they often involve a major purchase.

Your contract review lawyer will review: mortgage loan documents, plot of land survey, title, title insurance, deed, bill of sale, and the legal description of the property.

 

Purchase Agreements

Purchase agreements are used to transfer property from one person to another. This may be real estate, vehicles, or any other tangible asset.

Just like with the real estate contract review, your contract review analysis will include any necessary titles, insurance, deeds, loan documents, and the bill of sale.

 

Freelancing Contracts

If you are a freelancer working by a contract basis, you may need a contract review for larger contracts.

It doesn’t make sense to pay for a review for contracts that don’t offer much money, but larger contracts or contracts that will be used often should be reviewed.

Your freelance or entrepreneur contract should include: the scope of the work, the ownership of the work, revisions, deadlines, payment amounts, and termination specifications.

 

Contract Review Checklist

Having a contract review checklist that you can refer to when you sign contracts may be helpful to you if you aren’t going to hire a lawyer for a contract review.

Here’s what you should look for when reviewing a contract:

  • The terms of the agreement (open to negotiation)
  • The parties involved
  • Nothing is left blank
  • Clear quantifiable terms (price, duration, square footage, etc.)
  • Renewal terms
  • Risk allocation
  • Indemnification and hold harmless agreements
  • Reference documents
  • Default terms
  • Remedies provisions
  • Termination
  • Deadlines and important dates
  • Warranties
  • Representations
  • Responsibilities and rights
  • Dispute resolution

If you are someone who thrives in the business industry, you likely deal with a contract on a pretty regular basis. Property leases, vehicle leases, equipment leases, web development agreements, advertising agreements, banking documents, and employee paperwork are all different forms of contracts.

As a contract attorney, one thing I’ve learned is even people who work with these types of documents on a regular basis do not necessarily take the time to appreciate them the way they should.

Stop for a moment and ask yourself this question – have you ever signed a document only after glancing at it? Have you signed something without reading the fine print?

If so, you are not alone, but you could be making a big mistake.

Contracts are important and legally binding. They should be appreciated and understood with care.

While I certainly encourage you to reach out to a contract lawyer – such as myself – if you sign contracts on a regular basis, here’s a more in-depth review of what you should be looking for:

  • Work out the terms: Keep in mind, a contract is just a starting point. You can negotiate nearly everything. Don’t agree to something you aren’t happy with. Always ask for what you desire. They aren’t going to bite your head off – they might just say no.
  • Identify everyone involved: Use complete names to avoid confusion. Always identify whether or not the individual you are working with is married and if their spouse will be factored into the contract (if applicable).
  • Fill out all the blanks: Don’t leave any blanks in a contract. This makes it possible for someone other than you to go back in and fill out what you didn’t.
  • Triple check the terms: You want to double and triple check any of the business terms within your contract.
  • Automatic renewals: Determine whether or not there are automatic renewals within the contract and whether or not you want them.
  • Risk: Make sure you detail how risks will be allocated. You don’t want to be left with a financial problem down the line and no clear guidance on how to fix it or who is at fault.

Other clauses and fine details you need to check and possibly go over with an attorney include:

  • Causes for termination: How, when, and under what terms the contract may end.
  • Rights and responsibilities: What are both parties entitled to and what obligations do they have to fill?
  • Dates and deadlines: Put any dates on your calendar so you don’t forget to take care of something that’s your responsibility
  • Warranties: Limit as much as possible, and be clear about the terms.
  • Representations: Don’t give any information (or accept any information) unless you know it to be true.
  • Resolution of disputes: The contract should specify how disputes will be resolved.

As long as you keep all of this information in mind, you should be okay. If you unsure about anything, it’s best to hire a contract review lawyer to review the contract for you so you don’t agree to anything you don’t understand.

Email me at [email protected] for all of your contract review needs.

 

Employment Contract Review

An employment contract review is vital for the future of your career. Here are 10 things you should consider when signing and employment contract:

  1. Job Security
  2. Start and End Dates
  3. Termination Cause
  4. Compensation and Benefits
  5. Job Description
  6. Exclusivity
  7. Intellectual Property
  8. Non-compete
  9. Non-solicitation
  10. Sale of company

Job security sounds like something you wouldn’t need to check with an employment contract, right? I mean, you’re signing the contract which provides the job security after all.

Not so fast. The contract may imply job security, but it doesn’t provide it unless it clearly states – you need to ask if you are a fixed-term or an at-will employee so you’re clear about your job security in the future.

Start and end dates are necessary because without solid dates that specify when your employment begins and ends, you are just signing an offer letter.

Termination cause is important because it’s how you can lose your job. As an employee, you want cause to be required, but your employer may want the ability to fire you without cause. Read this section carefully and keep in mind the future consequences.

Compensation and benefits should state your base pay, amount and terms of any bonuses, and the benefits you are entitled to.

Job description sounds like a duh factor. Of course the contract will have your job description, right? It may, but it may not be enough.

You want to have your job title clearly defined with your duties listed. Can you imagine thinking your getting one job only to find out you actually accepted another? Ouch.

Exclusivity is something that some professionals refer to as moonlighting – basically, you want to have the ability to do work on the side outside of your employment.

Intellectual Property is the rights to anything you create or invent while you’re employed. Usually, the intellectual property of anything you create on the job or during employment belongs to your employer.

If you are already working on something before you sign the contract, be sure it’s clear that the rights to those things are yours.

Non-compete means that you can’t work for a competitor for a specified list of time after you terminate your contract with your employer. Be sure that the time and restrictions are reasonable so you are employable after the contract ends.

Non-solicitation prevents you from getting your employer’s contractors, staff, or customers/clients/patients. The term is usually for one to two years.

Sale of the company isn’t something you probably think about as you are doing your contract analysis. Which is why contract review services exist.

Basically, you just need to know what happens to your employment contract if the company is sold. Want job security? Ask that the contract remain active.

Having a lawyer to review employment contract could make all the difference in the future for your employment.

 

Contract Review Attorney Fee

The contract review attorney fee will vary based on many different factors and the contract lawyer you decide to work with.

You may contact me at [email protected] if you have questions about how much a contract review costs.

Some of the things that a contract review fee depends on are:

  • Regulations in your industry
  • The duration of the contract
  • The money being offered
  • The number of pages of the contract
  • If you want the contract review lawyer to look for certain items
  • How often the contract will be used
  • If you’re wanting contract review services or contract drafting services
  • Your personal risk tolerance
  • The purpose of the contract
  • The number of parties involved
  • Your initial impression of the contract
  • Your industry
  • And more

As you can see, there are so many pieces of a contract that come into play when drafting or negotiating.

Some contract review lawyers work by the hour while others work on a flat-rate basis depending on the contract.

As an example, a quick and easy contract review will cost around $250, a mid-level review might cost anywhere from $250 to $1,500, and a complex review might cost a few thousand dollars.

A good tip is to know what you want the attorney to look for or what conclusions you want them to draw. Instead of simply saying, hey can you take a look at this, ask specific questions.

I pride myself on giving solid and transparent quotes before I do any work – so you know exactly what to expect.

Email me at [email protected] and I’ll be happy to provide a free, no-obligation quote.

 

How Long Does it Take to Review a Contract?

How long it takes to review a contract depends on the length of the contract, the detail involved, and the lawyer’s own caseload and schedule.

If you have a certain deadline for your contract, you should make your contract review lawyer aware of that deadline and ask if they are able to meet it before hiring them.

In most cases, you’ll have a short period of time to review any contract before you are required to sign or turn-down the offer.

Most lawyers are aware of the timeframe and work within it to make sure your contract review services are complete on time.

 

How to Find a Lawyer to Review My Contract?

To find a lawyer to review your contract could lead to an endless internet search that takes hours as you review website and website and ask for quote after quote.

Or you could just choose the first reputable lawyer you come across and not worry about competing quotes.

Clients have been hiring me for contract review services for years and I’ve gotten them great results.

I’m transparent and honest about the time and cost of working with me and you have nothing to lose by sending an email today: [email protected]

 

Do I Need a Contract Lawyer?

Yes, you need a contract lawyer if you are creating or signing a contract that has the potential for causing problems in your life or business should something go wrong.

You live in a fast-paced world. Unfortunately, this results in people saying and doing things a little faster than they really should have. One of the biggest mistakes people make in a fast-paced world is signing paperwork – more specifically contracts and legal documents – without taking the time to understand them.

As a business owner, you are going to encounter a lot of contracts. To be blunt, you really aren’t going to have time to read, understand, revise, and negotiate better terms before signing them.

This is why you hire a contract review attorney. You hire someone who handles all of the work for you. The only thing you will have to worry about is signing when the time is right.

So, the short answer to this question is – yes, you need an attorney for reviewing contracts. You need someone to prevent you from signing or creating something that causes major problems in the future.

 

Legal Contract Review Services

Depending on the lawyer, you may be offered a variety of legal contract review services.

Personally, I review contracts as well as draft them up and everything in between. If you need a contract from scratch, I can put one together for you.

If you have a contract and you need someone to look it over and help you understand it, I’m your guy.

If you have a contract and you want to renegotiate the terms, I can help you do that as well.

I’m happy to discuss the variety of legal contract review services I offer so you can choose what you need the most. Just send me an email at [email protected] today.

 

Conclusion

A contract review is an important part of any new working relationship, but it’s often overlooked.

You may think you don’t have the budget to have contract review services or may think you can understand things on your own.

However, I’m suggesting that in most cases, you can’t afford not to have a contract review because you could be agreeing to something that you really don’t want to agree to.

Whether you need an employment contract review, a purchase agreement review, a real estate contract review, or any other type of legal document or contract analysis, I can help you.

► Don’t make the mistake of trying to figure it out alone when you can email me at [email protected] to get started with your contract review.