Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hi. My name is ***** ***** I am a licensed California attorney with extensive business law experience. I would be happy to provide assistance. Please give me a moment to formulate a response. Also, please keep in mind that our conversation does not include an attorney-client relationship and this is for general information purposes only.
Congratulations on the expansion of your business.
From the information you have provided, you probably need to prepare a Consulting Agreement or an Independent Contractor Agreement. If you search online for either type of agreement, you should be able to find some excellent templates.
Some unsolicited information: now that you are expanding your business to include a third individual, you really should consider forming a corporation or a limited liability company for your business. Without the protection of one of these types of entities, you open your personal assets to the risk of liability from actions taken by the business.
Thank you so much for allowing me to help you with your question. I have done my best to provide information which fully addresses your question. If you have any follow-up or clarification questions, please ask! There is no additional fee. If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service (hopefully Excellent/5 stars!) at the top of the screen. Otherwise, I receive no credit for assisting you today. I thank you in advance for taking the time to provide me a positive rating! A BONUS is also appreciated if you feel I've earned one today.
You could also use that type of agreement. My only hesitation with that type of agreement is it may not include sufficient language about the third person's duties and responsibilities.
It is not difficult, but it does require annual maintenance to ensure that the corporation protects you.
I do recommend that you meet with an attorney and have them assist you with that, because done correctly it will protect your personal assets, done incorrectly it will do nothing and have wasted you money.
You're very welcome.
Here you go:
Did you have any follow-up questions or need me to clarify anything? If not, please do not forget to rate my services at the top of the page (hopefully 5 stars), otherwise I get no credit for helping you today.