Q: I want to start a business with different services ie cleaning, landscaping,painting and powerwashing. what formation?
I live in delaware and will do business in delaware. Can I do a llc? I also will have a partner and the money we put in the business will be equal so we will have equal say. We get along well and have went through some possible disagreements that would come up in the business to see where we stand and how we react. So basically can we run these services under one llc company? thank you
A:
Yes, you can form an LLC. You should have an operating agreement prepared by an attorney. This agreement will protect both of you down the road in the event of disagreements, and if one of you chooses to leave and you do not agree on the value of his ownership interest, the agreement will state how that value should be calculated. The agreement also provides for what happens if one of you should die. For example, would you want to have your partner's spouse as your new Partner?
Many new businesses fail, and you might not want the landscaping side of your business to adversely affect the cleaning side. To avoid this, some people choose to form different companies instead of doing everything through one company.
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