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.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.