If you have multiple owners or partners, a buy-sell agreement between all parties should be created upon incorporation to assure that the business is protected when a partner wants to exit the business. Every minute that your business does not have a buy-sell agreement, you are at financial risk.
Updating any partnership, LLC, or shareholder’s agreements under which you are currently operating should be reviewed by your attorney.
All agreements should be legally binding and protect all parties; any update of these business agreements should be drafted and or reviewed by your lawyer.