Should I Go Through An Attorney?

[Spencer Wetmore]

Hello BP Community,

Myself and a couple partners are starting a new flipping business in the Hartford area with the end goal of creating financial freedom through large apartment complexes. To do so, we are structuring our business around a process-oriented franchisable model to produce consistent results for our team and final customer. 

Our first steps to build this business is creating an LLC, tax ID #, and a business operating account. I am speaking with an attorney this Friday to discuss the possible legal entities we can create and the pros/cons of each. Prior to the meeting, I wanted to get your opinion on whether an attorney is necessary for setting up the above, or going through a site such as LegalZoom is sufficient. I understand nobody can give me official legal advice on here, but your two cents would be greatly appreciated!

Thanks in advance,

Spencer

Also, feel free to send me a PM or colleague request if you are in the Hartford or surrounding areas and would like to connect - we are always looking to expand our network.

[Matthew Kreitzer]

I would highly encourage you to seek out an attorney to help work out your business strategy. Although it isn't hard to get paperwork approved by the SCC, that does not mean that your corporation was drafted to protect yourself adequately should it come down to a lawsuit. There are attorneys, like myself, who pierce the veil and circumvent conveyances for a living. It is our job to pick apart poorly drafted Articles of Incorporation. Invest, get a lawyer.