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Sean Salandy
Pro Member
  • Kent County, DE
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Should I use an attorney for LLC/S Corp formation

Sean Salandy
Pro Member
  • Kent County, DE
Posted May 5 2015, 08:00
I've recently met with both an attorney and CPA (separately) about entity formation. They both offer formation services at vastly different costs. The attorney will charge nearly 8 times as much to form a Series LLC than would the CPA. Although I know I can do much of this myself, I would rather take advantage of either the attorney or CPA's services. The attorney will spend time creating a custom Operating Agreement (the company will only have one member) while the CPA will create one using a template. Should I spend the relatively larger amount of money (close to $8000) on the attorney's services or should I use the CPA? How much of a big deal is it to have a custom Operating Agreement? (It was suggested by the CPA to form a Series for my buy and holds and an S Corp for my flips. ) Thanks in advance.

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