If your LLC is just a few people or there are relatively simple assets, then you will likely be able to do much of the process on your own. Others may ask a small fee for business law consulting services to ensure you are on the right track. Some attorneys also offer online services or set fees for helping you form your company. Completing and filing all legal and formation documents.Registering your business name and checking that the LLC name is available.Filing fees and registering with the correct people.Keeping detailed records in case of lawsuits or audits.This frees you up to move locations or use a post office box without missing essential documents. As your registered agent, they will collect your legal correspondence at their physical address. Some law firms will act as your registered agent as part of their business formation services. Service of process is when someone notifies your business that there is a lawsuit pending against your company. A registered agent is a person who receives legal documents, tax forms, and service of process for your company. Acting as your company's registered agent.Creating articles of organization that list the registered agent, LLC management, and the date of formation.An LLC operating agreement is an internal document that allows you to establish company rules, layout members' rights and responsibilities, and more. Creating an LLC operating agreement explaining your company's who, what, when, where, why, and how (required in some states).For around $200 to $5,000, they can handle the items you may not have time to consider, such as: When To Use an Attorney for an LLCĪ business attorney can save time and money when business owners create a new business. Learn about our DIY business formation services here. Unfortunately, your company can also be sued. Once you register as an LLC, you can buy or rent a building and open company bank accounts. Their structure gives limited liability protection to the business owner and members, shielding you from personal liability for your business's obligations. LLCs provide advantages over sole proprietorships and general partnerships. Most states allow LLC formation by registering the business entity on your secretary of state's website and with the Internal Revenue Service (IRS). There is no legal requirement to hire an attorney to form an LLC. It costs between $50-$500 on average to register your business. Your LLC will give you tax benefits and shields you from personal liability if anything happens to your company. Forming a limited liability company (LLC) is the process of taking your freelancing or small business idea and turning it into a legal business entity.
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