Recently, I started a home improvement business in Maryland. I have registered the company as an LLC and am currently the sole owner/agent. This venture started with the idea of involving my 29-year-old son, first as a subcontractor (1099) and finally as a designated partner. I will probably also involve my wife in some capacity (registration, etc.), but at first I do not intend to have staff. I currently have a full-time job, but I will do it in the evenings and on weekends, until I retire in the next 3-5 years. My son has done this kind of work with other companies and has always been a 1099 subcontractor. The company focuses on the damage caused by storm repair of roofs, siding, gutters, etc. Most of our work is covered by insurance fees and we will work with the client and the insurance agent to maximize the rights and get the client what he or she is entitled to. The work to replace the roof, etc., is carried out by our subcontractors.
Hello Pete, thanks for writing in. Unfortunately, these types of questions require legal advice and we do not provide these services. Inside your business and day-to-day operations is a “sit-down” conversation that can take some time. Sorry I couldn`t be more specific, but check Avvo (www.avvo.com/) for local support. Hope that helps. An LLC may have a functional enterprise agreement, even if only one person is involved in the business. The agreement serves as additional documentation for the company to operate under the aegis of limited liability and not as an individual company. Corporate agreements and founding articles work hand-in-hand to outline your corporate structure and define how you will work in law. However, they have a small horses and share some similar functions. They contain z.B the necessary business information and give a similar functionality and structure together. An LLC enterprise agreement is the legal document that governs your limited liability company. The organization`s articles do NOT govern your LLC.
A corporate agreement shows who owns and manages the LLC, how profits are handled and how any problems that the LLC might have now or in the future will be resolved. An LLC enterprise agreement is not required in any U.S. state, even if it is important. It is wise for each LLC to create a written enterprise agreement and a founding certificate, and create for each company, statutes and statutes. Note that incorrect filing of these documents can lead to delays. In order to support the correct presentation and presentation of these governance documents, it is recommended that you seek a lawyer. An important part of starting a small business is the submission of all documents in due form. While setting up the legal structure of your business and filling out forms can be painful and frightening, it is often part of the legal process prescribed by law. Two documents on which many small entrepreneurs are disoriented are enterprise agreements and statutes. Chances are you need a version of both documents for your business, so it`s important to understand each other`s purpose.