Question: Should I have a lawyer set up my LLC?

Should I use a lawyer to form an LLC?

No, you do not need an attorney to form an LLC. You can prepare the legal paperwork and file it yourself, or use a professional business formation service, such as LegalZoom. If you choose to form your LLC through LegalZoom, you will only need to answer a few simple questions online.

How much does a lawyer charge to form an LLC?

Costs to Forming Your LLC:

DIY Lawyer
Operating Agreement $0 – $200 $0 – $500
EIN $0 – $100 $50 – $100
Annual Report varies by state varies by state
TOTAL (exc. State fees, RA, + AR) $0 $1,050 – $2,100

Can you set up an LLC without a lawyer?

You don’t have to hire a lawyer to set up an LLC, since state requirements are usually self explanatory. But it’s a good idea to have one read over paperwork and your operating agreement to make sure your interests are protected.

Can a lawyer help with LLC?

Hiring an Attorney

The attorney can draft formation documents, such as the operating agreement, and any other necessary forms. Attorneys can also explain options regarding the LLC’s structure and operations and advise you about which choices are best for your business.

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Is an LLC good for a small business?

Starting a limited liability company (LLC) is the best business structure for most small businesses because they are inexpensive, easy to form, and simple to maintain. An LLC is the right choice for business owners who are looking to: Protect their personal assets. Have tax choices that benefit their bottom line.

Which is better LLC or sole proprietorship?

One of the key benefits of an LLC versus the sole proprietorship is that a member’s liability is limited to the amount of their investment in the LLC. Therefore, a member is not personally liable for the debts of the LLC. A sole proprietor would be liable for the debts incurred by the business.

How much do LLC license cost?

State Filing Fee. The fee to register an LLC with the Secretary of State ranges between $40 and $500, depending on your state.

Do I need an accountant for my LLC?

Most LLCs only need an accountant when they become profitable enough to justify the additional expense of hiring them.

How do I get a free LLC?

How to Create and File an LLC for Free

  1. Six Steps to Forming an LLC for Free. …
  2. Gather Information. …
  3. Get a Business Name and Address. …
  4. Get the Formation Document From the Secretary of State Website. …
  5. Get a Registered Agent. …
  6. Look at Other LLC Formation Options. …
  7. LLC Paperwork: Fill Out and File the Formation Document.

What legal documents do I need for an LLC?

The three essential LLC formation documents are:

  • Articles of Organization. The Articles of Organization — also called Certificate of Organization — is the equivalent of the corporation’s Articles of Incorporation. …
  • Operating Agreement. …
  • Employee Identification Number.
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Is LegalZoom a good way to start an LLC?

LegalZoom may be a decent option to form an LLC if you: Want to work with an established brand to start your LLC. Are willing to pay extra for better premium services and features, such as an EIN and registered agent services. … Need to form a professional LLC (PLLC)

How do I start a small LLC?

Steps to Form an LLC

  1. Choose a name for your LLC.
  2. File Articles of Organization.
  3. Choose a registered agent.
  4. Decide on member vs. manager management.
  5. Create an LLC operating agreement.
  6. Comply with other tax and regulatory requirements.
  7. File annual reports.
  8. Out of state LLC registration.