All Forum Posts by: Salvatore Lalicata

Much easier to pay to have it done right up front, than to pay to undo it and start over later on. 

Creating and filing your LLC is usually pretty easy, where the attorney's expertise comes into play is helping you draft your operating agreement, which will dictate things like (among many many others):

Who can sign for the LLC to buy or sell assets, open and close bank accounts, and generally conduct business?

Does one managing member need to sign off on transactions, or do all members need to sign off on everything?

Can you add additional members later on? How? And what percentage of ownership can be sold off to new members in the future?

How and when (how how often) are the LLCs income/profits distributed to members?

I would strongly recommend having an attorney set up an entity for you, especially if you intend on holding an asset in this LLC.

If you are setting up an LLC yourself, it will most likely be an LLC without an Operating Agreement, no anonymity, and with you being personally listed as the registered agent.

Thanks so much for the feedback, spoke to my attorney today to get it set up properly.