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Thread: Any advice on making an LLC

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  1. Default Any advice on making an LLC 
    #1
    Join Date
    May 2012
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    Noblesville, IN
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    Has anyone used legalzoom for making an LLC. It seems pretty straight forward for $99 for the economy startup. Am i missing something cause it seems a little to easy??

    http://www.legalzoom.com/limited-lia...y-pricing.html
    here is a link to their site

    Thanks
    BARN OF TERROR
    www.barnofterror.us
     

  2. Default  
    #2
    Join Date
    Dec 2011
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    613
    Quote Originally Posted by BarnofTerror Noblesville View Post
    Has anyone used legalzoom for making an LLC. It seems pretty straight forward for $99 for the economy startup. Am i missing something cause it seems a little to easy??

    http://www.legalzoom.com/limited-lia...y-pricing.html
    here is a link to their site

    Thanks
    "All I wanna do is a legal-zoom-zoom in a boo-room!!"



    Oops, wrong thread! :lol:

    (Thought I had already posted that . . .)

    If I recall from the last thread, the general consensus was that it ended up being pricier on Legal Zoom than going thru a local attorney.

    As to the starter $99 deal, well, if you feel that gives you all the protection you need, then I guess that's the way to go, but I am imagining that as you run the gauntlet of signing up for this and look at all the options that somewhere along the way get regarded as "must-haves", it might escalate. That's usually how these kinds of pricing structures work.

    Anyone else?

    C.
     

  3. Default  
    #3
    Join Date
    May 2007
    Location
    Columbia, SC
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    753
    Quote Originally Posted by BrotherMysterio View Post
    "All I wanna do is a legal-zoom-zoom in a boo-room!!"



    Oops, wrong thread! :lol:

    (Thought I had already posted that . . .)

    If I recall from the last thread, the general consensus was that it ended up being pricier on Legal Zoom than going thru a local attorney.

    As to the starter $99 deal, well, if you feel that gives you all the protection you need, then I guess that's the way to go, but I am imagining that as you run the gauntlet of signing up for this and look at all the options that somewhere along the way get regarded as "must-haves", it might escalate. That's usually how these kinds of pricing structures work.

    Anyone else?

    C.
    To somewhat mirror BM, I did a "dry-run" with legalzoom and it came out to a few hundred after all was said and done. By dry-run, I essentially filled out everything and selected the things I needed just before checkout. Granted a few hundred is still not a lot considering all the work is essentially done for you, I agree, if you have the means and know-how to do it yourself then by all means file yourself.
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  4. Default  
    #4
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    Nov 2011
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    I also did a simple dry run. Looks like it is good for filing paperwork and giving a person that warm fuzzy feeling they did everything right. The tips that you need to truly keep yourself and your LLC separate need to come from a lawyer. The easy part is filing. It doesn't stop there in protecting yourself.
     

  5. Default  
    #5
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    May 2012
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    Noblesville, IN
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    Quote Originally Posted by Skeered View Post
    I also did a simple dry run. Looks like it is good for filing paperwork and giving a person that warm fuzzy feeling they did everything right. The tips that you need to truly keep yourself and your LLC separate need to come from a lawyer. The easy part is filing. It doesn't stop there in protecting yourself.

    What is the next step to protect myself after I file and get the LLC started?
    BARN OF TERROR
    www.barnofterror.us
     

  6. Default The Next "Step" 
    #6
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    I read , is a big bunch of record keeping that never stops and must be timely and correct to have a chance of actually working for you.
    But then , I have also read that this varies from state to State and from Judge to Judge, which can conspire to make all of this null and void!
    I have noticed that some very large companys are LLC's though.
     

  7. Default  
    #7
    Join Date
    Dec 2011
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    Quote Originally Posted by Jim Warfield View Post
    I have noticed that some very large companys are LLC's though.
    Very large companies with very large legal and accounting departments?

    C.
     

  8. Default Do-it-Yourselfer 
    #8
    Join Date
    Mar 2011
    Location
    Raleigh, NC
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    389
    I looked at LegalZoom and then went and downloaded the forms from our State site. I found that the State of NC has a great Website for Corporations filing with very easy instructions. In NC, the form is only about 3 pages long and the questions are very straight-forward. I saved myself about $600 that Legal Zoom would have charged me for an S-Corp by doing it myself in about an hour (most of that time was learning the terminology). I consulted an accountant prior to filing to determine the best means of filing and then went from there.

    I don't know about the LLC, but if you file the S-Corp (tax advantages) make sure you file with the IRS after you receive your letters of incorporation. Very important. Your bank willa leo want your Letters of Incorporation and your LLC papers for opening a bank account (a requirement with S-Corp for keeping your finances separate). Of course, see a lawyer as well. They can steer you the best direction. There is also a thread on this topic in one of the other forums.
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