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Fiverr Pro
English
$
USD
I will draft operating agreement, bylaws, founders agreement
About this Gig
Launching a Multi-Member LLC or VC-Backed Startup? Safeguard Your Governance and Equity
Generic 1-page templates leave your business vulnerable to partner disputes, banking rejections, and investor walkouts. Financial institutions and venture capital firms require detailed internal governance structures before releasing funds or approving accounts.
I draft tailored, legal-grade Operating Agreements, Corporate Bylaws, and Founders' Agreements built to protect voting rights, structure equity distributions, enforce founder vesting schedules.
What Is Included in This Service?
- Custom Governance Terms: Precise capital contributions, buyout clauses, and profit/loss allocation rules.
- Voting Rights & Decision Thresholds: Defining major decisions requiring unanimous consent vs. majority approval.
- Founder Vesting & Equity Protections: Standard 4-year vesting schedules with 1-year cliff terms for startup co-founders.
- Dispute Resolution & Exit Strategies: Clear drag-along, tag-along, and buy-sell provisions to prevent deadlocks.
- Bank & Investor Readiness: Written to meet bank KYC standards and investor diligence requirements.
Field of law:
Business (corporate)
Target country:
United States
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
What is the difference between an Operating Agreement and Corporate Bylaws?
An Operating Agreement is an internal governing document designed specifically for LLCs (Limited Liability Companies). It sets rules for ownership percentages, voting rights, and profit distributions. Corporate Bylaws serve a similar governance purpose but are designed specifically for Corporations
Why can’t I just use a free online template for my Operating Agreement?
Free online templates are typically generic 1-page documents designed for simple single-member LLCs. They fail to address critical multi-member governance needs—such as equity vesting schedules, deadlocks, capital calls, tag-along/drag-along rights, and buy-sell triggers. Furthermore, banks, payment
What is a Founder Vesting Schedule, and do I need one?
A vesting schedule ensures co-founders earn their equity over time (typically over 4 years with a 1-year "cliff"). If a co-founder leaves the company after six months, a vesting clause prevents them from walking away with 50% of the equity, protecting the remaining founders and future investors.
Is this Operating Agreement accepted by banks and financial institutions?
Yes! All documents are drafted to meet standard corporate compliance and banking KYC/AML requirements. Major business banks (e.g., Mercury, Relay, Chase) require an official, executed Operating Agreement or Corporate Bylaws alongside a Banking Resolution to approve account openings.
How do you handle dispute resolution and deadlocks in a 50/50 partnership?
For equal multi-member partnerships, we include specialized deadlock-resolution provisions—such as tie-breaker mechanisms, mediation mandates, or Texas Shootout/buy-sell clauses—ensuring the business avoids expensive litigation or administrative shutdown if co-founders disagree.
