How are business partnership contracts priced by layers? Is it per hour or flat fee??
2 attorney answers
I think you can easily find business/corporate lawyers who would do this on an hourly basis, or for a one-time flat fee. It would be best to research local legal talent and make comparisons, with appreciation for the fact that the cheapest lawyer is not necessarily the best one; take into account the value of the lawyer's services based on experience and reputation, as well as the cost. If you search on Avvo using the "Find a Lawyer" feature, search by the town and city you desire, under the "Partnership," "Corporate & Incorporation," "Business" and/or "Limited Liability Company" practice area categories. I wish you and your partner a productive and lucrative enterprise going forward.
It depends entirely on the attorney. Some may only charge by the other and others may provide flat fee. You should reach out to various business attorneys and get a free consultation to go over the facts of this business and the other key facts and they will determine the proposed fee structure.
You call this person a "silent partner." That arrangement may implicate securities rules which are significant and complicated. It is unequivocal you need to hire a business attorney and the cost for the operating, shareholders' or other agreement could be split depending on the circumstances.
This answer is for informational purposes only and is not legal advice regarding your question and does not establish an attorney-client relationship.