Anyone used LegalZoom to Form a LLC?

41 posts by 26 users

Medium 1398871473 avatar ramsfo Ram Chandrasekaran
Real Estate Investor from Milpitas, CA
137 Posts
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Ram Chandrasekaran

Real Estate Investor from Milpitas, California

Jul 14 '08, 04:19 AM


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 Jun 26 2010, 05:31


Medium 1398853710 avatar primo coach Jason Hanson
Real Estate Coach from Oakton, VA
696 Posts
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Jason Hanson

Real Estate Coach from Oakton, Virginia

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 Jun 26 2010, 05:31


No avatar medium Tom C
Real Estate Investor OH
1068 Posts
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Tom C

Real Estate Investor from Ohio

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 Jun 26 2010, 05:31


Medium 1398939415 avatar shoeshine Rob Rey
37 Posts
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Tom C

Real Estate Investor from Ohio

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 Jun 26 2010, 05:31


Medium 1398941629 avatar wilmcory Cory Johnson
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Cory Johnson

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 Jun 26 2010, 05:33


Medium 1398787835 avatar james James Gunter
Residential Real Estate Agent from Clearwater, FL
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James Gunter

Residential Real Estate Agent from Clearwater, Florida

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 Jun 26 2010, 05:35


Medium 1448399064 avatar biggerpo Joshua Dorkin
BiggerPockets Founder/CEO from Denver, CO
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Medium 1398940420 avatar matty Matty NA
Real Estate Investor from Los Angeles, CA
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Matty NA

Real Estate Investor from Los Angeles, California

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 Jun 26 2010, 05:35


Medium 1398858044 avatar aly0705 Aly W.
Investor from Middletown, NJ
1993 Posts
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Aly W.

Investor from Middletown, New Jersey

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 Jun 26 2010, 05:35


Medium 1400595872 avatar phatdizzle Juan Michael
Involved In Real Estate from Los Angeles, CA
142 Posts
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Juan Michael

Involved In Real Estate from Los Angeles, California

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 Jun 26 2010, 05:35


Medium 1398861153 avatar dtwilson Dave W
Real Estate Investor from Virginia Beach, VA
35 Posts
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Dave W

Real Estate Investor from Virginia Beach, Virginia

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 Jun 26 2010, 05:36


Medium 1398942751 avatar restoman C. Burris
Homeowner from Shreveport, LA
52 Posts
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C. Burris

Homeowner from Shreveport, LA

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 Jun 26 2010, 05:36


Medium 1398864544 avatar kardos ventures Gene Kardos
Real Estate Investor from Minneapolis, MN
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Gene Kardos

Real Estate Investor from Minneapolis, MN

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 Jun 26 2010, 05:36


Medium 1415741044 avatar joeb Joe Bauer
Wholesaler from Seattle, WA
2 Posts
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Joe Bauer

Wholesaler from Seattle, Washington

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 Jun 26 2010, 05:39


Medium 1431723819 avatar raywasted Tyler Thrush
Lender from Dana Point, CA
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Medium 1398858151 avatar maria1 Maria Devereaux
Real Estate Investor from San Diego, CA
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Maria Devereaux

Real Estate Investor from San Diego, CA

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 Jun 26 2010, 05:54


Medium 1399289709 avatar blackhawk99 Mark Yuschak
Residential Real Estate Broker from Grand Blanc, MI
881 Posts
288 Votes
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Mark Yuschak

Residential Real Estate Broker from Grand Blanc, Michigan

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 Jun 26 2010, 05:55


Medium 1398942310 avatar vegasrei Tony W
Real Estate Investor from Las Vegas, NV
10 Posts
0 Votes
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Tony W

Real Estate Investor from Las Vegas, Nevada

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 Jun 26 2010, 05:58


Medium 1448381263 avatar oddproperties Owen D.
Investor from Carter Lake, IA
223 Posts
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Owen D. Donor

Investor from Carter Lake, Iowa

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 Jun 26 2010, 06:21


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