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Should we hire a lawyer to draft an operating agreement for a venture capital startup?

Venture Capital 10 views 3 answers
We are looking at investing in startups and pre-IPOs as an investment club or a Private Equity firm. We would like a nice solid operating agreement drafted for this. Should we go through a lawyer or draft one on our own?

Attorney Answers

3
Eric J CammBusiness AttorneySeattle, WA ·
Yes. You should absolutely hire a lawyer in Ca to help you draft a solid partnership agreement or operating agreement. An experienced lawyer will be able to assist with issues such as dispute resolution, restrictions on transfers, and management authority for your venture.
0 upvotes
Sagar Parikh ·
Yes, it is highly recommended you hire an attorney to draft the operating agreement. I have litigated lawsuits between partners involving agreements that were not drafted by attorneys. It is not a good idea. A full consultation would be necessary to properly advise you.
0 upvotes

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