Do I Need an LLC Lawyer

Do I Need an LLC Lawyer? 

Do I need an LLC lawyer is easy to answer.  When you compare an LLC, or Limited Liability Company, to a sole proprietorship or a corporation, it has many advantages: limited liability, great tax advantages, and that it is very easy to set up and dissolve. Many people think they need an LLC lawyer to set up an LLC, but that is not the case. The process of forming an LLC is quite simple, there are only a few requirements.

The first step is naming the business. You can choose any name you like as long as it doesn’t already exist, and that the words LLC or Limited Liability Corporation follow the business name. Next is creating the Articles of Organization, and you can find many examples online. If you plan to have an LLC, you will need to file Articles of Organization with the Secretary of State, which only requires a quick visit to their office. So do I need an LLC Lawyer is not needed here.

This next step is not mandatory, but it is a good idea…it’s creating the Operating Agreement. This document will define how the business management is structured, and how the profits will be shared. Again, you can find many examples of an Operating Agreement online. There is a specific process to form an LLC, but the details may vary in some states, so it’s a good idea to give the Secretary’s Office a call in advance to make sure you’ve got everything you need.

So, you can see that a lot of what’s involved does not really require a lawyer, just some time and effort on your part. You should, however, do some homework on the matter to make sure that an LLC is the best fit for your business. Setting up an LLC yourself takes little time, and the rewards can be great for you and your business.You can find tons of information online that can help you educate yourself of the subject, or you can consult an accountant.