Contracts and Agreements

LLC Operating Agreement

All LLC's are required to have an operating agreement, even if there is only one owner. An operating agreement defines how an LLC will be run, who the owners are and their percent of ownership.

Independent Contractor Agreement

The purpose of an Independent Contractor Agreement is to govern the relationship of the business and its independent contractor in in a way that suits the specific needs of the business owners and the independent contractor.

Employee Non Disclosure Agreement (NDA)

An Employee Non Disclosure Agreement, also called a restrictive covenant, helps protect your companies sensitive information. You can ask your new employee or contractor to sign an NDA to protect your companies confidential interests, such as trade secrets, business practices, and intellectual property. Our NDA's are taylorable to your businesses unique needs.

Banking Resolution

A banking resolution may be required by your financial institution prior to openting a new business bank account. It clearly shows who has the authority to start an account on behalf of your company and what their limitations are, if any.

What is an LLC Operating Agreement?

An operating agreement defines the ownership of a company, even if you are a sole-member LLC. It can help secure liability protection and protect your personal assets, which is one of the main reasons you are forming an LLC. Without an operating agreement your state's default rules govern your company, and you must operate your LLC to the states terms instead of your own.

Does a single owner LLC need an Operating Agreement?

Even though a business is owned by just one person with 100% ownership, its still required to have an operating agreement for compliance purposes, and especially important should the company decide to bring on additional owners in the future.

What type of business types require registration to operate?

An LLC, Sole Proprietor using a DBA, Corporation, Partnership, S-Corporation, Professional Association, LLP, and Nonprofit Organization are some examples of business types that require registration to operate.

Whats the difference between a Corporation and an LLC?

Both LLCs and Corporations offer personal liability protection, referred to as the "corporate veil". However, the LLC is considered a less formal busines structure, and can be easier to maintain as they have less record keeping requirements. A Corporation can issue shares of stock and go public, an LLC cannot.er.

Can the business owner act as their own registered agent?

Most business owners act as their own registered agent, however if you have an out-of-state address, or want to name an outside business as the registered agent, NFS US can appoint a registered agent on your behalf for a yearly fee.