In this class we will discuss contracts, bylaws, and operating agreements.
You always want to have records of what is happening and what has been agreed upon. A contract can be used to legitimatize new relationships and define each party's obligations to the other. Bylaws are rules established by a business to regulate itself. Operating agreements are used to describe how the business is run, who owns it, and how it is structured. You never want to skip any of these legalities, it could mean a big mess later down the line.
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