Business Documents That Say What You Mean

Business Documents That Say What You Actually Mean To Say

Many times when we are starting a new business in Connecticut, we are excited to get going! We know we need the basics. For example, we probably need the following when starting a Connecticut Business:

  • Business Bank Accounts
  • The Right Software
  • The Right Hardware
  • The Right Government Filings/Registrations/Licenses
  • The Right People

In order to accomplish getting everything in the above list “right,” you're probably going to need to sign a few legally binding contracts. and you may even need to generate a few yourself. Legal paperwork for your Connecticut business will certainly be necessary at some point, but you should carefully consider what you put in writing, and what you leave unwritten.

For example, in order to open a business bank account in Connecticut, the bank is likely to ask for an operating agreement – especially if there is more than one owner for the business.

Some might go on a site like LegalZoom or search Google for some templates to follow. MANY people will decide that they “trust” their business partners and that the paper only matters for the bank and does not contain the substance of their deal with a trusted associate.

Don't be foolish. A hastily-constructed business agreement that is generated between two parties merely because a third party is requiring it in order to conduct business with you (such as the operating agreement mentioned above) can set traps for later.

You should always make an effort to ensure that your agreements contain the actual substance of your deal and nothing more. This writer has seen legal effect given to contract terms that were not seriously considered or even examined by either party prior to signing off… Don't trap yourself unnecessarily.

If you're not sure where to get started or what types of contracts and procedures you should have in place in your business to ensure legal compliance and liability protection, feel free to schedule a video-consultation with me to see how I can assist there.