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Forming a LLC

Posted: January 3rd, 2008, 12:02 pm
by Mole_J
Kinda following my other question about naming a company. Does anyone here have experience with forming a LLC?

We are thinking that a Delaware LLC would be best for us. I am wondering what is the least expensive way or a any other advise?

Thanks in advance

Posted: January 3rd, 2008, 12:11 pm
by free
My wife and I just dissolved on...We found it was easier to go to our trusted CPA and have him draw up all of the paperwork necessary to form it and also to dissolve it.

We looked on line but there was too much that we felt could go wrong.

Posted: January 3rd, 2008, 12:15 pm
by free
Mole J...I checked and it cost us $185.00 to organize and less than that to dissolve it using our CPA.

Posted: January 3rd, 2008, 12:53 pm
by dolfan
I do them frequently in Alabama. There's not much difference between states; the Delaware thing is really overstated for most small businesses. Its advantages really kick in for publicly traded companies; otherwise, the advantages are nil. You still have to pay taxes in the states where you operate for the share of profit attributable to operations there, so you don't gain anything that way by going to DE. You might save a little bit, not much, on initial filing fees, but you'll have to have a live human in DE to serve as your registered agent for service of process and your registered address there, and no one does that for free. The money you might save up front gets spent in paying a registered agent to be a warm body to accept lawsuit documents if you get sued. So, you may as well save that money and just pay a little extra -- if any -- to form in your own state.

If you're interested in a boilerplate formation of LLC docs that you can plug in and it work in your state, let me know, I can help you out on the cheap. Special J2 discount for easy work :wink: .

Posted: January 3rd, 2008, 2:05 pm
by Billy n NC
I have heard good things about this website.

Legal Zoom

http://www.legalzoom.com/limited-liabil ... rview.html

Bottom right corner shows some endorsements. LOL