O'Donnell Law Center : Lake of the Ozarks

As the owner of a brand new business, you have a lot of decisions to make. First and foremost, you'll have to determine what type of business entity you would like to use. Depending on your chosen structure (an LLC, for example), you may want to establish a business operating agreement. Even though you are not legally required to have an operating agreement, taking the time to set one up may prove incredibly valuable in the long run. O'Donnell Law Center is here to help! Business Operating Agreements As its name suggests, a business operating agreement is a simple but comprehensive document that outlines how a new business will handle certain situations. Sometimes known as LLC Agreements or Limited Liability Company Operating Agreements, these documents outline some of the procedures for your company, especially if things don't go as planned. Recommended Components Of An Operating Agreement As with most standard business documents, almost all successful operat...

If you plan to start a business at the Lake of the Ozarks , one of the first things you will have to do is determine what business entity you would like to use. Because of its many distinct advantages, more and more entrepreneurs are choosing to incorporate their businesses as limited liability companies (LLCs). If you are an aspiring entrepreneur, you probably have several questions about the process. Here are the answers to some of the most commonly asked questions about setting up an LLC, courtesy of your business attorney in Osage Beach MO . What Does It Take To Set Up An LLC? In order to set up a legally recognized LLC, you will have to check with the Secretary of State's office to ensure that your proposed business name has not already been claimed by someone else, and if not, then you will prepare and submit your Articles of Organization. Unless you are registering a fictitious name, you do not have to take separate steps to register the business name. How Many Pe...