Posted: 11/17/2010 4:46:14 PM EDT
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I need to create an LLC for a new business. I've found the form online and it looks easy enough. Is there any real reason to have a lawyer do rather than doing it myself? Beyond filing it with the Sec State is there anything else I need to do?
Thanks |
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First, let me say that I am not an attorney nor CPA.
You don't need to pay one of those online companies $1,000 to fill out the form for you. I think the fee to the State is (or was) $300. You will need a EIN (Tax ID #) and maybe a Texas Sales Tax Permit. Both are free and easy to do on-line. You may need an Occupational License and/or permit. Some cities have ordinances against running businesses in homes. An FFL having a storefront (customers coming to his home routinely) for example. There are other things you SHOULD do like open a separate checking acct, not co-mingle funds, etc. You should visit with a good CPA to go over things such as these. He can also advise if your LLC should have managers (page 4 on the Cert of Formation, which is not the same as a store manager), having more than one governing person, franchise tax filing requirements, etc. Good luck! Care to share what type of business you are starting? |
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Glad you said I didn't need a lawyer since I just sent it off. Anyways, I'm starting up a computer consulting company to earn some money in my free time. This is something that I've wanted to do for a long time, but the first two customers just feel in my lap and I figured it was time to do it.
Wish me luck. |
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Quoted:
Glad you said I didn't need a lawyer since I just sent it off. Anyways, I'm starting up a computer consulting company to earn some money in my free time. This is something that I've wanted to do for a long time, but the first two customers just feel in my lap and I figured it was time to do it. Wish me luck. And they are paying you? You might need a lawyer after all 
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Quoted:
Quoted:
Glad you said I didn't need a lawyer since I just sent it off. Anyways, I'm starting up a computer consulting company to earn some money in my free time. This is something that I've wanted to do for a long time, but the first two customers just feel in my lap and I figured it was time to do it. Wish me luck. And they are paying you? You might need a lawyer after all Come on...what two consenting adults choose to do.... 
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Quoted:
Glad you said I didn't need a lawyer since I just sent it off. Anyways, I'm starting up a computer consulting company to earn some money in my free time. This is something that I've wanted to do for a long time, but the first two customers just feel in my lap and I figured it was time to do it. Wish me luck. Working for TSA? 
Congratulations and good luck! What part of Texas are you in? 
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Quoted:
Quoted:
Glad you said I didn't need a lawyer since I just sent it off. Anyways, I'm starting up a computer consulting company to earn some money in my free time. This is something that I've wanted to do for a long time, but the first two customers just feel in my lap and I figured it was time to do it. Wish me luck. Working for TSA?
Congratulations and good luck! What part of Texas are you in? San Antonio. Do you need a computer guy? |