A referral fee agreement is between an affiliate that “refers” sales or services to a company in exchange for compensation. The fee paid to the affiliate is commonly a percentage (%) of the total sale or a flat fee per transaction. Leads may also be included in the agreement, for example, if the affiliate refers e-mail addresses to the company they may be able to receive compensation.
A multiple-member operating agreement is designated for companies (LLCs) that have more than one (1) owner. It is highly recommended, as it is the only written document that designates the owners of a company and what percentage of it they own (LLCs are not owned by shares like corporations and are described as a percentage). The form should be signed in front of a notary public with copies given to all members with at least one (1) original to remain at the company’s principal office address (usually not filed with the Secretary of State or any government agency).