Click here if your software service is a website platform (like Made It Legal is!)
Click here if your service is only offered through an App
Click here if you are both Web-based and an App
A pay as you go plan is where a person pays a one time fee to use just a part of your software service. The French and fancy people sometimes call this "a la carte".
If you don't want your users to change their plan too frequently, check this option. We'll come up with a rule like they can only change their plan once a month (or some other time limit you choose).
Tell us how often your Annual Plan users can change to another tier. We'll be answering this statement: my users can change their plan tier (number) time(s) every (period). For example, "my users can change their plan tier 1 time every 6 months."
Tell us how often your Monthly Plan users can change to another tier. We'll be answering this statement: my users can change their plan tier (number) time(s) every (period). For example, "my users can change their plan tier 1 time every 3 months."
For example, if they are on a monthly plan and upgrade to a higher tier, they will pay that higher tier's cost for the whole month.
For example, if they are on a monthly plan and upgrade to a higher tier, they will pay that higher tier's cost for only the rest of the remaining days in the month.
APIs make it possible for developers to better use software and build integrations that help other people use the software in new ways. A software company will sometimes provide APIs to developers so they can build on and benefit from their software service.
We automatically include a promise by your users to keep your information confidential
We automatically include a promise by your users to keep your information confidential, but you'll promise to keep your users' information confidential too if you choose this option.
APIs make it possible for developers to better use software services and build integrations that help other people use the software in new ways. A software company will provide APIs to allow people to build on and benefit from their software service.
An Acceptable Use Policy tells your users what is considered acceptable and what is not when it comes to how they use your software service. Think of it as a bullet point, two-page summary of your Terms of Service.
Why have an Acceptable Use Policy? Since most website visitors will not actually read the full text of your Terms of Service, a smaller summary of key ways in which your software can and cannot be used is helpful. An Acceptable Use Policy focuses on things like intellectual property, illegal content, hateful or discriminatory content, and what your software should be used for, rather than getting into the level of detail for all the other legal points about your software like your Terms of Service do.
If you need help making an Acceptable Use Policy, we'll include it in some recommendations for you at the end of this guide and give you a link to where you can make one with us.
Being a sole proprietor means you haven't incorporated and are doing business in your own personal name.
Use this one if you've formally incorporated your business.
A limited partnership is a formal legal entity, just like a corporation. You have limited partners and a general partner.
A general partnership is a formal legal entity, just like a corporation. There are no limited partners, just two or more general partners.
Sole proprietors usually operate their business under a trade name. For example, if your name is Tony Stark and you're a sole proprietor, you might be calling your business Stark Consulting. So, what name are you using for your business?
Acceptable Use Policy. Here's a link to where you can make an Acceptable Use Policy in just a few minutes (opens in a new tab, you won't lose your spot).
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Great! Your document will automatically be included under your plan. Go ahead and click "Next".
Great, we're excited to have you joining us!
Click to get signed up and then come right back here to finish up your document, it will automatically be included in your Plan for free.
Sounds good! Go ahead and click "Next" to get your document.
Nice work! Click submit and in a minute your document will be ready to download.
Made It Legal is very happy to provide this contract creation tool for you. Our document creation services and tools are a software service and not legal advice from a lawyer. To get legal advice, a lawyer needs to talk with you (our website isn't a real lawyer, but maybe with AI it will be someday). Lucky for you, we are a law firm. So we may be able to give you advice depending on where you live and some other rules that lawyers need to follow before taking on a client. If you want to talk about getting some legal advice, we'd love to hear from you. See our terms and conditions for more details.
A business partner is someone (a person or another company) that is going to be operating the business with you. They could be a co-founder, another business that compliments yours in some way that's joining you on a project, or a strategic partner that you're starting a completely new business with. They may also be, and many times are, part owners of the business. Whatever their role, like you they are actively working to grow and operate the business.
An investor is someone who contributes money or other resources to your business in exchange for owning a part of your business. Investors can be active by giving advice and voting on major business decisions. Investors can also be passive by just giving money or other resources, but only expecting a return on investment and not playing an active role in the business by giving advice or deciding on major business decisions.
A passive investor is one that wants to leave the business and management decisions to you. So, a passive investor provides funds and expects a return on investment, but let's you run your business. They may want to be updated from time to time of course, and they might vote on things like who gets to be on the Board of Directors or a Management Committee, but otherwise they are mostly quiet and let you go about your business and don't take an active part in your operations.
Most common type of business
A Corporation could work great for you.
A general partnership could be suited to what you need right now.
A Limited Partnership could work for you.
Limited Partnerships are made up of Limited Partners and at least one General Partner. The Limited Partners are called "limited" because they are not fully liable for the debts and obligations of the partnership. In other words, they have limited liability. But that limited liability is not perfect - there is a big exception.
The Limited Partners are only protected from liability if they are not taking an active role in the operations of the partnership. If they do, they become fully liable for the partnership's obligations and debts.
The General Partner is the one in charge of managing the business and operations of the partnership. Since it takes on that role, the General Partner is also the one liable for the debts and obligations of the partnership.
All of this means that Limited Partnerships are better suited for a passive investment style with investors coming in as Limited Partners and providing money and resources to earn a return on investment, and the General Partner being the one making the business decisions and managing the operations.
Since your other partners/investors will be, or want to be, actively involved in the business, a Limited Partnership doesn't sound like a good match for you.
You could go into business as just you. We call that being a "Sole Proprietor". But, it isn't typically recommended.
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