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re: Best way to start an LLC?
Posted on 11/22/22 at 5:52 am to Dale Murphy
Posted on 11/22/22 at 5:52 am to Dale Murphy
In LA:
Option 1: Call lawyer, pick name and they'll check it in the database, have them draft Articles and Operating Agreement based on your needs, pay and done.
Option 2: pick name, check it in sos database, draft your own articles and OA, pay and done.
Depending on how complex you want the entity to be for tax/business purposes, or if its going to be part of a chain of LLC's/Trusts/partnerships/etc. will give you your best answer. For a sole prop./disregarded entity LLC it probably isn't a big deal to do it yourself.
Option 1: Call lawyer, pick name and they'll check it in the database, have them draft Articles and Operating Agreement based on your needs, pay and done.
Option 2: pick name, check it in sos database, draft your own articles and OA, pay and done.
Depending on how complex you want the entity to be for tax/business purposes, or if its going to be part of a chain of LLC's/Trusts/partnerships/etc. will give you your best answer. For a sole prop./disregarded entity LLC it probably isn't a big deal to do it yourself.
Posted on 11/22/22 at 6:13 am to BorrisMart
DIY may be okay for a single member LLC, but when there are two or more members a business lawyer can help avoid problems by discussing and addressing in the operating agreement things like tiebreakers, capital calls, and what happens if a member dies (congrats! you are partners with his sorry arse kids who don't return calls), gets divorced (congrats! you may now be partners with his bitch ex-wife), goes broke, wants to sell his interest to someone else, etc.
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