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Dan

Dan

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Dan
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Hello, can you please review the Partnership Agreement I created for legal accuracy? The purpose I have with this agreement is to establish a partnership within a business that is owned by two of the partners but not myself. This will be a temporary partnership where I myself will be in sort of a consulting role to help the other two partners get their business established and then I will remove myself for them to continue on their own. Another important detail is that I myself will have no ownership in the business entity and will only receive profit sharing in exchange for working in an operations role. The other two members will contribute capital but largely not operate.

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Good afternoon, I would like to sell a drone that I purchased personally this year to my business. I want to create a loan agreement and loan the money from me personally to my business. I then want my business to pay me back for the drone loan immediately because it's a new business and I think it's going to take a while to get paid back from revenue generated from the business. As long as I create the correct documents like a loan agreement and bill of sale—is this ok?

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The current member is an LLC in another state. I would like to update it to the ultimate beneficiaries of the LLC, which is my wife and I. While the ultimate beneficiary doesn't change because the current ownership is an LLC that my wife and I own. My question is: does that constitute a change in structure? As the name, address of the LLC remains the same.

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I don't understand how to write meeting minutes. I know this website has a template, but it doesn't look like the example our bank gave us when we were trying to open a business account. Their example was for an LLC and we are an S-corp, so I didn’t know how to use their example when we have a different business type. Is there a way to make them up so we can open an account?

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