Has anyone used an affordable lawyer to set up an LLC?

August 20, 2024

by a searcher from Harvard University - Harvard Business School in New York, NY, USA

I wanted to have the LLC set up before the commitments come through. What's the simplest and most economical way to do this?

Is it fine to just use an online service, since LLC formation is boiler-plate and AOA can be edited (if needed) once investors step in? (Do let me know if you recommend specific online services!)

Or would you recommend working with a lawyer? (Do let me know if you have any affordable suggestions!)

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Reply by a professional
from University of Virginia in Holmes, NY 12531, USA

Hey Rishi, is it single member (and if so, is it likely to stay that way for awhile)? If so, as an attorney, I’’d tell you legalzoom et all is fine. If a bit more involved, I’d recommend perhaps splitting the difference - using a low-cost provider to get your draft & then having an experienced attorney give it a quick check (substantially lower fees than drafting 99% of the time).

You’re right, the certificate of formation can always be amended - the extent to which the operating agreement can be amended will be set out in the operating agreement itself. If single member, do make sure the OA grants the company the authority to create and issue additional unit classes and units (e.g., common, preferred, incentive).

pleased to discuss at no fee if I can be helpful

Reply by a professional
from University of Michigan in Detroit, MI, USA

Hi ^redacted‌, if you're looking to organize a single member LLC to act as an acquisition vehicle, you should for sure rely on low cost legal service providers (e.g., Legal Zoom) and other free/low cost small business services (Mike's suggestion of Founder's Workbench is a good one). You can work with a lawyer, but that is rarely necessary unless you want to do something more complicated with structure or investors (as you note). Let me know if you have any questions. Always happy to chat. Reach out here via my DMs or directly at redacted

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