A good first step for anyone starting a business is to form a separate legal entity through which to conduct business. Usually this means that a limited liability company or corporation is formed. Except in certain instances, I usually recommend that an LLC be formed. The business owner then has a choice to make - how to form the entity.
- Do it yourself?
- Use a non-attorney legal forms provider like legalzoom.com?
- Retain the services of an attorney?
This decision usually comes down to one factor - cost. Most people, in the absence of the typical relatively high cost of using an attorney to set up an LLC, would likely use an attorney. This is why non-attorney legal forms providers have become so prevalent and successful - the provide a pseudo-legal service at a much lower cost that an actual attorney. In the past, I myself have lost clients seeking to form an LLC when opted to use a legal forms provide rather than retaining my services - simply due to cost.
That is what inspired me to launch myIndianaLLC.com - which is designed to give clients the best of both worlds - the LLC formation services of an attorney with the afford-ability and speed (although our services are much faster than most legal forms providers). myIndianaLLC.com allows you to create single and multiple member Indiana LLCs online by walking you through an interactive questionnaire that has been carefully crafted by me to mimic the exact same process I use when setting up an LLC for a client in the traditional manner. The system then analyzes the answers provided and generates a set of documents that are sent to me for my review. After I review them, I make th appropriate filings with the Indiana Secretary of State, send the documents back to the client, and POOF - a brand new Indiana LLC has been formed! All of this can be done in as fast as 1 business day.
If you are interested, check out myIndianaLLC.com.