Anyone used LegalZoom to Form a LLC?

Team
I am looking to form a LLC through Legal Zoom or Incorporate.Com or some other site (LLC.COM). Which one is best? The rates are almost the same if I include Tax ID preparation and receiving, Operating Agreement, Expedited Processing, Registered Agent for 1 Yr, etc. (works out to about $650.00 total). Suggestions, please?

Cheers
Ram

Edited: 06/26/2010 at 05:31AM

Jason Hanson

Real Estate Coach · Oakton, Virginia

696 posts
577 Influence
5 Awards

Icon_minipost Jul 15 '08, 08:32 PM

I would just have an attorney form it for you...they do it all and it will cost between 300-500 bucks. $650 to do the LLC sounds high.

Edited: 06/26/2010 at 05:31AM

Tom C

Real Estate Investor · Ohio

1068 posts
1200 Influence
4 Awards

Icon_minipost Jul 15 '08, 10:51 PM

I did one on LegalZoom for 150 bucks. No reason to have an agent, I filed in my own state using my EIN obtained on line for free.

Edited: 06/26/2010 at 05:31AM

Rob Rey

36 posts
68 Influence
1 Award

Icon_minipost Jul 16 '08, 01:18 PM

can I ask what an EIN is ???

Edited: 06/26/2010 at 05:31AM

Tom C

Real Estate Investor · Ohio

1068 posts
1200 Influence
4 Awards

Icon_minipost Jul 16 '08, 06:08 PM

EIN is your Employer Identification Number. You can get one for your business by going out to the .gov web site. They are free. When you setup you business banking accounts, this is the number that you use. You also use this number on credit applications.

Edited: 06/26/2010 at 05:31AM

Cory Johnson

1 post

Icon_minipost Jul 23 '08, 09:48 PM

Just wanted to add that I've used The Company Corporation " incorporate dot com" in the past, and they've been a big help. I wasn't sure of a lot of the steps, and they do a pretty good job of guiding you. I've gotten help with my Inc, business license, EIN, Web site, business credit, you name it. Prices are reasonable too. Hope this helps anyone who's researching their options.

Edited: 06/26/2010 at 05:33AM

James Gunter

Residential Real Estate Agent · Clearwater, Florida

67 posts
-5 Influence

Icon_minipost Jul 28 '08, 05:50 AM

Havent used legalzoom for an LLC, but i have for a provisional patant i have and they were very good.

Edited: 06/26/2010 at 05:35AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

10630 posts
46531 Influence
24 Awards

Icon_minipost Jul 28 '08, 05:52 AM

I've used them in the past and had no problems. They were very helpful in helping me accomplish my needs.

Edited: 06/26/2010 at 05:35AM

Joshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/

Matty M

Real Estate Investor · Los Angeles, California

523 posts
837 Influence
4 Awards

Icon_minipost Jul 28 '08, 06:00 AM

I used MyNewVenture.com a few years ago I believe it was under 200 dollars. The cost to do it yourself was about 75 at the time for California.

Edited: 06/26/2010 at 05:35AM

Aly L

Real Estate Investor · Middletown, New Jersey

636 posts
2707 Influence
6 Awards

Icon_minipost Jul 28 '08, 10:01 AM

My state (NJ) has its own site for creating an LLC. I've done 2. Cost is $125 and the online process is easy. Check your state's .gov site.

Edited: 06/26/2010 at 05:35AM

Juan Michael

Real Estate Investor · Los Angeles, California

138 posts
334 Influence
2 Awards

Icon_minipost Jul 28 '08, 10:16 AM

We used them to form our LLC, we went ahead and did the EXPRESS............ It worked out GREAT !!!! and fast. a little under $400........ in my opinion it was worth it.

:groovy:

Edited: 06/26/2010 at 05:35AM

Dave W

Real Estate Investor · Virginia Beach, Virginia

35 posts
24 Influence
1 Award

Icon_minipost Jul 30 '08, 08:25 AM

legalzoom is convenient but frankly is not worth it. register through your state at half the cost, the forms you can download for free.

Edited: 06/26/2010 at 05:36AM

C. Burris

Homeowner · Shreveport, LA

52 posts
23 Influence

Icon_minipost Jul 31 '08, 08:01 PM

Originally posted by "dtwilson"

legalzoom is convenient but frankly is not worth it. register through your state at half the cost, the forms you can download for free.

QFT.

Doing it yourself it much more cost effective. You have to give these sites all of your info anyway. You could be using that time to type your information directly onto the forms. Lawyers here charge $1200, but that's my problem.
One other thing I have heard of is filing in Delaware. Anyone hear about the benefits of that?

Edited: 06/26/2010 at 05:36AM

Gene Kardos

Real Estate Investor · Minneapolis, MN

21 posts
3 Influence
1 Award

Icon_minipost Jul 31 '08, 08:55 PM

we used them here in minnesota and it cost use about half of what it would have going through a lawyer.

Edited: 06/26/2010 at 05:36AM

Joe Bauer

Real Estate Investor · Seattle, Washington

1 post
20 Influence
1 Award

Icon_minipost Aug 10 '08, 08:49 PM

I've formed my LLC and am trying to get my EIN from the irs.gov website. I formed the LLC in CT (plan to do business there) but live in NY. The site asks questions about the LLC's physical address. Has anyone tackled these questions? I've been on hold with the irs for 20 min. Any help would be great!

Edited: 06/26/2010 at 05:39AM

Tyler Thrush

Real Estate Investor · Dana Point, California

117 posts
77 Influence
1 Award

Icon_minipost Aug 10 '08, 08:55 PM

I used incfile.com and it has worked well so far!

Edited: 06/26/2010 at 05:39AM

Maria Devereaux

Real Estate Investor · San Diego, CA

10 posts

Icon_minipost Sep 13 '08, 11:39 AM

Yes, I would recommend LegalZoom. I created a LLC and a DBA through them buy while paying for priority processing, registered agent, etc. Either way, using an attorney or LegalZoom, you can't go wrong.

Edited: 06/26/2010 at 05:54AM

Mark Yuschak

Rehabber · Grand Blanc, Michigan

713 posts
4946 Influence
10 Awards

Icon_minipost Sep 15 '08, 06:05 PM

I wouldn't pay anyone else to set them up. It's very simple in the state of Michigan. I've successfully setup several and gotten the EINs, too. It only costs $50.

Edited: 06/26/2010 at 05:55AM

Tony W

Real Estate Investor · Las Vegas, Nevada

10 posts
1 Influence
1 Award

Icon_minipost Sep 22 '08, 08:32 AM

When I set up my llc, I thought about going to one of those online sites. I read that setting up your LLC is only like 10%. The real protection is how it is set up and you need an attoreny for that. Things like resolutions, notice of meetings, minutes, etc. Some of the stuff i still don't understand. If you have limited knowledge, then I would suggest you use an attorney who can explain in detail, what needs to be done to fully protect your assets. "You don't want to be exposed" - thats what the lawyer said.

I went with the attorney simply because of my lack of knowledge. Now I know, I have a solid entity that will protect me. Mines cost around 500 in nevada. Its ok, if you want save some money and to get it online, but make sure its compliant.

One hot roll of the dice can pay for that!!!!

Edited: 06/26/2010 at 05:58AM

Owen D.

Real Estate Investor · Carter Lake, Iowa

94 posts
454 Influence
1 Award

Icon_minipost Nov 10 '08, 06:46 PM

I recently formed an Iowa LLC through Legalzoom and was very satisfied with the service and speed. It cost me $190 for the 'economy' package. I got the EIN number on my own for free from the IRS website https://sa1.www4.irs.gov/modiein/individual/index.jsp (which took me like 5 minutes).

I would definitely not pay for them to get the EIN for you- it's a waste of money considering how easy it is to DIY.

Edited: 06/26/2010 at 06:21AM

← Previous 1 2 Next →