$500 is a good price. Mine cost me $800 for lawyer fees and state fees.
Did anyone here form there LLC for less then $500.00? Just wondering!
I formed mine for $50. Then again, I didn't have to pay myself for my time.
Seriously, as long as it is simple (as most haunts would be, I file them on behalf of my clients for about $300 -400 in attorney fees. Then there is the state filing fee. This should include articles of organizaton and an LLC Operating Agreement. State Filing fees (which normaly run between $50 - $100, but your state may vary) would be added to that cost. Bottom line, $500 is pretty reasonable.
it's not a big deal to form an LLC. You just have to go to the state filing office (google it for your state), walk in and fill out a form or two, hand them the filing fee (mine was only $300.00), then they will tell you if your llc name is approved. if it is, you are then incorporated. right there on the spot. attorney and extra legal fees are not necessary. especially if you live near your state capitol which houses the business formation offices. then if just requires a quick drive downtown!
Yeah, we clocked in at about $50, too, and that was the filing fee for the state.
Go get a book, they usually have boilerplate templates you can modify for your own uses. Remember - the state (usually) just needs the articles of incorporation, not the membership agreement (they really could care less).
whats the purpose of getting a llc?advantages ect.
It limits your personal liability if the company should fail/get sued/whatever horrible thing might happen (provided you do things sensibly and don't personally guarantee notes, etc)... while maintaining a pass-through tax structure of a partnership.
At least in my state. Some states vary a bit, but overall, if you are a partnership or sole prop, you should seriously consider moving to an LLC.
My attorney and accountant suggested S Corp....any thoughts from our lawyer friend?
Wow $500! I did mine for just the state fee which I believe was $35 at the time. If you have no partners in your business you should be able to fill out an LLC by yourself. Ohio's is so simple its stupid. However if you have partners you may want to look into other options before settling on an LLC and a lawyer may not be a bad idea either.
Nope no partners, just me.
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