Understanding Bylaws: A Guide to Their Importance and Creation Are you familiar with bylaws for a corporation or how they differ from an operating agreement? An operating agreement is a contract that outlines the ownership and operating procedures of the LLC. Bylaws are a contract that defines the structure, roles, and responsibilities of the Corporation’s…
The Importance of an Operating Agreement for Your LLC
The Importance of an Operating Agreement for Your LLC Starting an LLC is an exciting step to take for your business. As you know, the process involves several steps. When forming a Limited Liability Company, one of the most important documents you’ll need is an operating agreement. If you are starting an LLC (or already…
Understanding Non-Compete and Non-Solicitation Agreements: What Business Owners and Employees Need to Know
Understanding Non-Compete and Non-Solicitation Agreements: What Business Owners and Employees Need to Know Protecting your company’s interests is crucial in today’s business world, especially when it involves valuable relationships, trade secrets, and other proprietary information. Non-compete and non-solicitation agreements are essential tools for businesses, yet they’re typically misunderstood. At Ferguson Legal, PLLC, we are here…
Understanding the Basics of Contract Law
Understanding the Basics of Contract Law Contracts are the backbone of business operations, defining obligations, expectations, and outcomes for all parties involved! At Ferguson Legal, PLLC, we are dedicated to supporting small and medium businesses in all their legal needs, including the drafting, reviewing, and disputing of contracts. In this article, we’re going to cover…