How does a properly drafted Operating or Partnership or Shareholders Agreement improve my Business?

This agreement will govern the rights, duties, and ownership interests of the owners. This agreement will allow the owners to determine how the business will be managed, what percentage of a vote will be required for the business to take certain action, and what authority each owner has to take certain action on behalf of the business in their own discretion. This agreement will govern how the business will operate and what will result in the termination of the business. This agreement will also determine the type of activities engaged in by the business.

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