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  1. #1
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    Anyone used Legal Zoom?

    Looking to start up an LLC. Anyone have experience using them? Trying to save a few bucks. TIA



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    Re: Anyone used Legal Zoom?

    We did our wills on there, no problems.

    Regarding an LLC, my wife and her friend who have a small business together did that online without Legal Zoom or any legal firm being involved. I think they went on the state website, filled out a few questions, paid a fee and done.



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    Re: Anyone used Legal Zoom?

    Quote Originally Posted by ISUonthemove View Post
    Looking to start up an LLC. Anyone have experience using them? Trying to save a few bucks. TIA

    I've neve used legal zoom, but I am a CPA and have helped numerous friends set up LLC's including one for myself.

    It's pretty easy to do without legal zoom, feel free to private message me and I can give you my number (No charge either).



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    Re: Anyone used Legal Zoom?

    Make sure to use promo code Henderson!



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    Re: Anyone used Legal Zoom?

    Quote Originally Posted by ruxCYtable View Post
    We did our wills on there, no problems.

    Regarding an LLC, my wife and her friend who have a small business together did that online without Legal Zoom or any legal firm being involved. I think they went on the state website, filled out a few questions, paid a fee and done.
    Unfortunately the new secretary of state removed that feature from their site, but its still really easy to do.



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    Re: Anyone used Legal Zoom?

    Quote Originally Posted by ISUonthemove View Post
    Looking to start up an LLC. Anyone have experience using them? Trying to save a few bucks. TIA
    I'm an attorney, so keep in mind I recommend you use an attorney. But if you insist, here's the link to the Iowa Secretary of State's website. You can use the free forms. You'll need to file the Certificate, and appoint someone (yourself, probably) as the agent for service. There's a checklist of things to do, too.

    Business Entity Forms and Fees.

    Also, you'll want to ratify an operating agreement of some kind. There are no forms for that on the website, and you wouldn't want to use one anyway.



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    Re: Anyone used Legal Zoom?

    Quote Originally Posted by MNCyGuy View Post
    Make sure to use promo code Henderson!
    Apparently I must spread rep around before giving it again.

    HENDERSON!!!!



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    Re: Anyone used Legal Zoom?

    At least when I set up mine in Colorado it was done online in about 15 minutes. Not hardto do. Save money and don't use an attorney of any kind.


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    You have almost 5 crap tons.

  9. #9
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    Re: Anyone used Legal Zoom?

    Legal zoom is great...until an issue arises. Then you're screwed. An attorney is the way to go IMO - leave nothing to chance.



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    Re: Anyone used Legal Zoom?

    I'm a law student and I just helped my brother set up one. Took no time at all and cost $50 to file it with the secretary of state's office



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    Re: Anyone used Legal Zoom?

    If it is a single-member LLC and you plan for it to be a disregarded entity by the IRS, then you might be able to do it yourself. Anything else, and you should probably involve an attorney, and possibly a CPA.

    Keep in mind that actually treating it as a separate business entity is important to getting the liability protection that an LLC is often set up for.


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    Re: Anyone used Legal Zoom?

    Starting a basic LLC is so boiler-plate that I would use Legal Zoom. Use the basic package...no need to pay for certificates, business cards, EIN information, etc as their price is high.

    I've started 2 with them and had no problems at all. They create your Articles of Incorporation, send everything to the State, etc and make it really easy. You can get an EIN (basically the LLC's social security number) for free and it takes about 30 seconds.



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    Re: Anyone used Legal Zoom?

    Quote Originally Posted by Kyle View Post
    If it is a single-member LLC and you plan for it to be a disregarded entity by the IRS, then you might be able to do it yourself. Anything else, and you should probably involve an attorney, and possibly a CPA.

    Keep in mind that actually treating it as a separate business entity is important to getting the liability protection that an LLC is often set up for.
    This is exactly correct.



  14. #14
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    Re: Anyone used Legal Zoom?

    Quote Originally Posted by Kyle View Post
    If it is a single-member LLC and you plan for it to be a disregarded entity by the IRS, then you might be able to do it yourself. Anything else, and you should probably involve an attorney, and possibly a CPA.

    Keep in mind that actually treating it as a separate business entity is important to getting the liability protection that an LLC is often set up for.
    To elaborate on this point just a bit, make sure you always keep bank accounts separate for your LLC and your personal stuff. If you start running them together at all (possibly even including credit cards) its a "shell company" and you won't have any liability protection.


    When all is said and done, more is said than done

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