• Tanya S Osensky

How I Help: Startups - Value of online incorporation service

Online legal incorporation services like LegalZoom seem to offer great value. For as little as $150 LegalZoom will register an LLC and provide an operating agreement.

That is cheap, but that money saved could cost a lot more down the road. When reviewing corporate records for a client recently, I noticed that the operating agreement was missing three key components. She told me that two years earlier she spent $20,000 defending a lawsuit from an ex-business partner that could have been avoided with a better agreement.

I drafted a new agreement for her, which will serve her well for years to come and avoid a future disaster.

If you are considering using an online incorporation service, let me take a look at that operating agreement first. I will identify gaps that can be fixed before there’s a problem.

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To Be or Not To Be… A Corporation… Or an LLC… Or maybe a partnership? The type of legal entity to set up is an important decision for new businesses. Most startups get advised to form an LLC because

As I mentioned in my last post, I’m not in competition with services like LegalZoom because they can’t – and don’t – give any legal advice. I do. Besides that, I take the time to understand my client