Business contracts for every aspect of your enterprise
In many cases, hiring an attorney to help you navigate the extremely complex world of business law is unavoidable. That said, there is still a variety of circumstances in which you can use standard business forms and corporate forms to save yourself the hefty fees business lawyers charge.
Business contracts cover an exhaustive range of situations for companies both large and small, from simple and straightforward service agreements with independent contractors to the creation of complex corporate bylaws.
Some business situations lend themselves more readily to the use of standard forms than others. If you are going to use business forms, make sure that you are using contracts and agreements that are specific to your area. For example, the LLC formation process in Florida is different from the incorporation package in Texas, and you must use a standard form that is meant for the area in which you plan to incorporate.
Examples of Business and Corporate Forms
Cases in which standard business forms are commonly used include:
- Creation of a business plan. A good business plan requires certain features, and if you've never written one before, a template can be of great help.
- Consent to be director and officer. The consent to be director and officer agreement is typically circulated amongst the founding members of a company, who agree to allow the best-suited individual in the group to claim stewardship of the enterprise going forward.
- Incorporation and LLC formation. In many states and provinces, incorporation articles or LLC formation filings are necessary for certain professionals and enterprises to legally run a business.
- Recording the minutes of shareholders' meetings. Because a certain format must be used to record the minutes of shareholders meetings, a standard form can be used to reduce the tedium of the transcription process.
- Share purchase and repurchase agreements. A share purchase agreement or share repurchase agreement can be issued by a publicly traded company to its shareholders if the company wants to reduce the number of shares that are available for trade on the open market.