Making an LLC | TigerDroppings.com

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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
469 posts

Making an LLC


Planning on making an LLC but I'm not familiar with the process. How much does this usually cost? Any suggestions when going through the process or is it pretty strait forward?

Also looking into trademarking the business name. I have no clue how to go about doing this or how much this costs either.

Any help or suggestions would be appreciated.








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davidengle
LSU Fan
Baton Rouge, LA
Member since Feb 2013
20 posts

re: Making an LLC


(no message)


This post was edited on 3/28 at 6:33 pm


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NEWBIE
LSU Fan
Member since Jun 2008
119 posts

re: Making an LLC


You don't have to go to the SoS's office.

LINK

Everything you need is online for the LLC, along with prices.

I can't help you with the trademark either.






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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
10576 posts

re: Making an LLC


What type of business? Will you have employees? Do you want to receive a paycheck?





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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
469 posts

re: Making an LLC


quote:

What type of business? Will you have employees? Do you want to receive a paycheck?


1) Athletic training and condition as of now. May possibly expand.

2) No employees at the moment. Just 3-4 "owners". I use that word lightly because none of us have much invested in the company as of now. We will see when its time to put up. Employees may be a possibility down the road depending on how much business we get.

3)I haven't decided how the pay structure will work just yet. I plan to talk with a CPA regarding this to help minimize taxes.






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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56103 posts

re: Making an LLC


Is this like Making Groceries?





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AbsolutTiger
LSU Fan
Baton Rouge
Member since Sep 2006
4338 posts
 Online 

re: Making an LLC


You need to go sit down and talk with a CPA/attorney, particularly with partners involved.





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silstang23
USA Fan
Bossier City, LA
Member since Oct 2007
4183 posts

re: Making an LLC


Try legalzoom. I haven't tried it but I was curious about it.





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AbsolutTiger
LSU Fan
Baton Rouge
Member since Sep 2006
4338 posts
 Online 

re: Making an LLC


Also, look at the SOS website, they have some info on trademarks/service marks





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boosiebadazz
Member since Feb 2008
45284 posts

re: Making an LLC


quote:

You need to go sit down and talk with a CPA/attorney, particularly with partners involved.


this

your operating agreement will be key and you'll need an attorney to advise you on one






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Cajun Revolution
George Washington Fan
Member since Apr 2009
41226 posts
 Online 

re: Making an LLC


I did mine online for $80.





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ShreveportTIGER318
Texas A&M Fan
Shreveport/Washington, D.C.
Member since Apr 2008
2723 posts

re: Making an LLC


If it is not a single member LLC, get your arse to an attorney. Creating one is simple and takes about 30 mins, drafting a good operating agreement is another matter and takes longer.

FYI: I'm a transactional attorney. I don't solicit, but I will tell you to get your arse to a lawyer and have them put something together.

It will not only protect you but protect the relationship between you and other members.

Also, if one party is providing services and another capital, there could be tax implications under section 83 of IRC.

Don't be stupid on this.






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