This is the first post in a series on the creation of business corporations in Olympia or Tacoma, Washington. I will address the creation of other types of business entities, such as Limited Liability Companies and Partnerships in a different series of posts.
Entrepreneurs can save themselves a great deal of future grief by ensuring that the corporation has solid articles and bylaws at the time of foundation. Too often, business owners are in a hurry to get moving, which results in the company drafting sloppy, ambiguous, confusing, or downright harmful corporate articles, bylaws and agreements. My upcoming posts will provide information to entrepreneurs in order to help them to understand their options and avoid pitfalls in corporation formation and to help them determine whether a corporation is the best business form for their company.
It is also my goal to provide information which will assist with the selection of a business law attorney. If you require assistance, then contact my office today to speak with a lawyer.
I will be addressing a number of topics over my coming posts, including:
- Issues which can arise due to poorly drafted formation documents
- Issues to consider when negotiating and drafting your initial business contracts
- Ensuring that your corporate bylaws are kept up to date
- Issues which arise from using “self-help” forms
- Litigating a breach of any agreements or disagreements within the business
Entrepreneurs should consider these issues when drafting corporate articles and bylaws. Poorly negotiated or drafted documents often lead to disagreements over the responsibilities and obligations of different people in the organization and make such disagreements harder and more expensive to resolve. This, in turn, can lead to difficulty in running the business. When negotiating and drafting your corporate articles, bylaws, and agreements, it is important to consider not just your present goals and circumstances, but also issues which may arise in the future. Finally, it is important to keep your corporate articles, bylaws, and agreements up to date so that you remain protected. Knowing what to expect from the litigation process can help to ensure that things go smoothly.
I cannot stress enough how useful it is to have an attorney assist with you with the drafting and negotiation of your corporate articles, bylaws, and agreements. Retaining counsel can help you to foresee future possibilities, to understand issues for which you may face liability, and to ensure that your interests remain protected. As an Olympia business law lawyer, I have experience negotiating and drafting corporate articles, bylaws and agreements. Contact my office today to schedule an initial consultation. Our firm also serves the Thurston County cities of Lacey, Tumwater, and Yelm, the Pierce County cities of Tacoma, Puyallup, and Lakewood, the Lewis County cities of Centralia, Chehalis, the King County cities of Seattle, Auburn, Bellevue, Burien, and Federal Way, as well as other areas in Washington, including Grays Harbor, Mason, Cowlitz, and Pacific Counties.