Founders' agreements establish the framework for ownership, governance, decision-making, and the long-term relationship among the owners of a new business. Whether organizing a corporation or a limited liability company, attorneys must carefully tailor these agreements to reflect each client's business objectives, management structure, and risk profile rather than relying on generic forms.

This CLE program provides a practical guide to drafting founders' agreements for both corporations and LLCs, with a focus on the provisions that most frequently shape the success—or failure—of closely held businesses. Participants will examine the key components of shareholder agreements and operating agreements, including ownership rights, management authority, transfer restrictions, buy-sell provisions, dispute resolution mechanisms, and other essential terms that protect both the business and its founders.

Drawing on decades of experience representing startup companies and closely held businesses, the presenter offers practical drafting strategies, common negotiation issues, and real-world insights to help attorneys prepare agreements that are clear, comprehensive, and tailored to the unique needs of each client.