General Discussion

Erich Bloodaxe BSN

(14,733 posts)

4. I used a lawyer.

Wed May 27, 2015, 10:50 AM

May 2015

And had a CPA do my taxes.

It ended up being a big waste of time and money. I only did it because my former employer had made verbal promises about giving me shares in his LLC software startup, so I wanted to have an LLC vehicle to hold those shares. Cost me something like $750 up front, then something like $150 a year in tax preparation for the years I kept it up until I gave up hope on him ever giving me any stock and let it fold.

If I were to do it again, though, I'd still use professionals to make sure I didn't screw anything up.

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Has anyone here incorporated or formed an LLC? [View all] NightWatcher May 2015 OP

I had my accountant set up an LLC. Jackpine Radical May 2015 #1

Practicing law without a licence is what put this guy in prison .... dawg May 2015 #15

It's a self-service website. The state obviously doesn't mind Jackpine Radical May 2015 #17

If he charges for it, he could theoretically get in trouble. dawg May 2015 #19

WI Statutes Jackpine Radical May 2015 #20

That doesn't really say what you think it does. dawg May 2015 #22

I think it depends on the state. Lonusca May 2015 #2

I have a friend who did it herself without a lawyer when sufrommich May 2015 #3

Lawyers are the Ones who Eat money williamj Jun 2015 #23

I used a lawyer. Erich Bloodaxe BSN May 2015 #4

For starters, good luck!!!!! NCTraveler May 2015 #5

I think that's the plan. Get setup advice from a business atty, but do the filing/books myself. NightWatcher May 2015 #7

I did it myself. Xyzse May 2015 #6

I hired a lawyer to do it. You don't know what you don't know corkhead May 2015 #8

I used a lawyer to set up an S-Corp. n/t Bonhomme Richard May 2015 #9

If its a sole member LLC Sgent May 2015 #10

In Utah the State has created an online DIY program called OneStop Sheepshank May 2015 #11

5 times alc May 2015 #12

I've done it as attorney treestar May 2015 #13

LLC, yes and we did it ourselves. lumberjack_jeff May 2015 #14

It really depends on the projected size of the biz and your assets you want to protect taught_me_patience May 2015 #16

We went though legal zoom nadinbrzezinski May 2015 #18

Get your accountant to help you. pa28 May 2015 #21