What is a Letter of Intent?

Letters of Intent are pre-contractual documents establishing basic terms which the parties intend to incorporate into a definitive agreement; in other words, they are “agreements to agree.” They are used in many major business transactions, including the purchase or...

What is an LLC?

A limited liability company (LLC) is a legal entity formed to operate a business. It provides many of the advantages of a traditional corporation, but it is easier to form and maintain. There are fewer formal meetings and documentation than with a standard...