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alc

(1,151 posts)
12. 5 times
Wed May 27, 2015, 01:18 PM
May 2015

I've done it myself 3 times (2 s-corps and an LLC). I did it 2 other times with partners where we had a lawyer handle it. I'd recommend a lawyer if you have multiple principals involved. My brother started his LLC through an accountant who handles his taxes. I've also been involved in starting 2 non-profit corporations which used a lawyer in one and an accountant in the other. I'd recommend either a lawyer or accountant for a non-profit since there's a lot more to getting recognized as a 501(c)(3) than incorporating (not that you asked but if anyone else is interested)

Taxes are a pain but I don't mind as long as I don't have employees. So I don't have an accountant now. In the 90's it wasn't so bad to handle the taxes (and unemployment insurance, etc) with employees (I had 5 employees at one point and still did it myself). But I looked at the laws/forms when I made my current LLC and decided there's no way I'll do it myself any more if I hire anyone. I actually would have hired someone a year ago but the hassle wasn't going to be worth the little extra money I might make - it would have been part of a longer-term growth pattern rather than to make money then and I'm close enough to retirement that I decided against that.

I'd avoid Legal Zoom. I got 90% through my LLC forms on Legal Zoom a couple of years ago before I realized that many of the forms were misleading. For example you don't need a registered agent (at least in my state I can do it myself as long as I have a postal address). Legal Zoom made it sound like I needed to pay them $60/year to get one or go find a lawyer myself. My state has a very good web site with all the forms I needed and explanations (pros/cons/etc of different methods/answers) were easy to find with google. The total cost was about 1/2 what legal zoom charged (or about 1/4 if I used their other services like a registered agent)

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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
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