Use This Form If:

• Individuals who have developed a unique business concept and seek to formalize their partnership can utilize this Pre-Incorporation Agreement to outline their roles and responsibilities before forming a corporation. This ensures clarity and legal protection as they move forward with their business idea.
• Situations requiring a clear delineation of ownership and responsibilities among co-founders can benefit from this agreement. By specifying each party's contributions and expectations, the agreement helps prevent disputes and misunderstandings during the initial stages of business development.
• For those looking to enter into a licensing agreement with a manufacturer, this form serves as a foundational document that establishes the intent to form a corporation upon securing such an agreement. It provides a structured approach to collaboration and future corporate governance.
• Entrepreneurs planning to create an S Corporation can use this agreement to include optional provisions that facilitate the election process. This is particularly useful for small business owners who want to take advantage of tax benefits associated with S Corporations.
• Startups aiming to attract investors may find this agreement essential as it lays the groundwork for a formal business entity. By clearly defining the structure and share distribution, it can enhance investor confidence and facilitate future funding opportunities.