While any entity can be modified or amended, it's an expense that is not necessary if growing pains are forseen and provided for at the time of formation, you will save time and maybe avoid comliance issues. 6.

My contract is never with them...If they ask an addendum to my contract I can do 3 different things.1) agree2) disagree3) agree then disagree.Contracts can be modified at any point by the parties involved.

Seller shall, at Sellers sole cost and expense promptly undertake and use its best efforts to eliminate or modify all unacceptable matters to the reasonable satisfaction of Buyer.

If so, they can be excluded through the modified operating agreement/by laws.

Seller shall, at Sellers sole cost and expense promptly undertake and use its best efforts to eliminate or modify all unacceptable matters to the reasonable satisfaction of Buyer.

When you get in trouble with that contract, try googling "free Massachusetts Legal help"My point is that you should get any contract Drafted/Modified/Created by an Attorney in that area of law.

Kevin, It is not that I dont like selling yellow letter mail, its just that I would rather someone spend less in the beginning, figure out that to expect, modify what is needed, regroup and send out a touch more...

These will need to be modified for CA.

@Nate Maier, the $25,000 losses are only good for taxpayers with modified AGI of less than $100,000.  

I'd say you're handling it perfectly.The other is common too, a note between family or friends where a borrower takes advantage of the relationship, perhaps driven to a choice and that was the easier path for them financially, get that turned over to another non-related party and modify it if necessary, problem solved.Joe, how did a wrong name/ssn ever get past a credit report when making that loan?