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Thread: For those who are LLC

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  1. Default For those who are LLC 
    #1
    Join Date
    Jan 2007
    Location
    Minnesota
    Posts
    616
    Did anyone here form there LLC for less then $500.00? Just wondering!
     

  2. Default  
    #2
    Join Date
    Jun 2006
    Location
    Eastlake, Ohio
    Posts
    836
    $500 is a good price. Mine cost me $800 for lawyer fees and state fees.
    Brian Warner
    Owner of Evilusions www.EVILUSIONS.com
    Technical Director of Forsaken Haunted House www.Forsakenhaunt.com
    Mechanical Designer (animatronics) at Gore Galore www.Gore-Galore.com
     

  3. Default  
    #3
    Join Date
    Nov 2005
    Location
    Portland, OR
    Posts
    270
    I formed mine for $50. Then again, I didn't have to pay myself for my time.
    Seriously, as long as it is simple (as most haunts would be, I file them on behalf of my clients for about $300 -400 in attorney fees. Then there is the state filing fee. This should include articles of organizaton and an LLC Operating Agreement. State Filing fees (which normaly run between $50 - $100, but your state may vary) would be added to that cost. Bottom line, $500 is pretty reasonable.

    Dave
    Lords of Chaos, LLC
    House of Chaos Haunted Attraction
     

  4. Default  
    #4
    Join Date
    Jan 2007
    Posts
    112
    it's not a big deal to form an LLC. You just have to go to the state filing office (google it for your state), walk in and fill out a form or two, hand them the filing fee (mine was only $300.00), then they will tell you if your llc name is approved. if it is, you are then incorporated. right there on the spot. attorney and extra legal fees are not necessary. especially if you live near your state capitol which houses the business formation offices. then if just requires a quick drive downtown!
     

  5. Default  
    #5
    Join Date
    Nov 2003
    Location
    Cedar Rapids, Iowa
    Posts
    396
    Yeah, we clocked in at about $50, too, and that was the filing fee for the state.

    Go get a book, they usually have boilerplate templates you can modify for your own uses. Remember - the state (usually) just needs the articles of incorporation, not the membership agreement (they really could care less).

    -- I
    -------------------------------
    http://www.fx13studios.com
     

  6. Default  
    #6
    Join Date
    Jan 2007
    Location
    va
    Posts
    69
    whats the purpose of getting a llc?advantages ect.
     

  7. Default  
    #7
    Join Date
    Nov 2003
    Location
    Cedar Rapids, Iowa
    Posts
    396
    It limits your personal liability if the company should fail/get sued/whatever horrible thing might happen (provided you do things sensibly and don't personally guarantee notes, etc)... while maintaining a pass-through tax structure of a partnership.

    At least in my state. Some states vary a bit, but overall, if you are a partnership or sole prop, you should seriously consider moving to an LLC.
    -------------------------------
    http://www.fx13studios.com
     

  8. Default  
    #8
    Join Date
    Feb 2007
    Location
    San Antonio
    Posts
    204
    My attorney and accountant suggested S Corp....any thoughts from our lawyer friend?
     

  9. Default  
    #9
    Join Date
    Aug 2003
    Location
    Ohio
    Posts
    121
    Wow $500! I did mine for just the state fee which I believe was $35 at the time. If you have no partners in your business you should be able to fill out an LLC by yourself. Ohio's is so simple its stupid. However if you have partners you may want to look into other options before settling on an LLC and a lawyer may not be a bad idea either.
    Christopher Brielmaier
    Rogues Hollow Productions
    www.RoguesHollow.com
    www.myspace.com/rogueshollow
    info@rogueshollow.com
    PH: 614.408.3137

    Other people build websites, We build Results
     

  10. Default  
    #10
    Join Date
    Jan 2007
    Location
    Minnesota
    Posts
    616
    Nope no partners, just me.
     

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