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Legalzoom.com

    • 101 posts
    September 28, 2009 5:36 PM EDT

    I'm about to do all the state and government aspects of starting my cafe, and it's daunting. I'm forming a LLC. Legalzoom.com seems to be the perfect solution. They'll do all the name searching and paper gathering and whatnot. The hardest part about starting my own business right now is determining what forms I need. What insurances are mandatory? What does the IRS need? The state? It's mindboggling. I did some research last night on the prices of various forms I can submit, and this could either cost me a hundred or two, or thousands. They certainly don't make it easy. No information is easy to find, and none of it is particularly well explained, if at all. How did you fellow entrepreneurs go about this stage of the game? Did you hire a lawyer? Did you go it alone? Anyone use Legalzoom? Advice is greatly appreciated. I feel like a fish out of water at this point. I know how to apply for loans, and I know how to make coffee, but the papers I'm getting into now are so vital legally, I can't afford to misstep. God forbid I land in prison because I submitted form 1357A instead of 1020D.

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    Making limitless possibilities much more limited.

    • 101 posts
    September 28, 2009 6:32 PM EDT

    Oh, sorry, I should've been more clear. The top set of questions were just examples of the ones I was asking myself - IE insurances, IRS and all. I'm mostly asking how people went about doing the paperwork, the mountain of bureaucracy - alone, lawyer, etc, and if anyone else used legalzoom like I plan to.

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    Making limitless possibilities much more limited.

    • 101 posts
    September 30, 2009 10:10 PM EDT

    What I'm shooting for is a limited liability corporation where I'm the only owner/executive. I'd go sole proprietorship if it weren't for the liability. The only thing I need from any sort of corporate structure is legal protection. I don't want stocks of any sort - at least not in the sense that I understand stocks. I don't want investors and the hassle of board meetings. The only funding this cafe is getting is my savings and personal loans I'm taking with my own credit. Simplicity and safety - that's what I'm after. S Corp and C Corp seem like more hassle than they're worth.

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    Making limitless possibilities much more limited.

    • 335 posts
    September 28, 2009 5:41 PM EDT

    Matt,

    which of your questions is most urgent? throwing that many out at once might not be the most effective way to get help!

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    Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

    • 926 posts
    September 29, 2009 6:28 AM EDT

    Matt,

    Take one step at a time.

    1. Why or how did you come to decide on an LLC as the structure of choice?

              In what State do you plan to file?

    2. Will the entity have one or more owners - initially?

    3. Is that subject to change in the near future?

    If you want to discuss your specific situation, send me a PM or contact me directly.

    Robert j


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    Business Growth Masters, LLC -
    Capital Catalysts for Entrepreneurs
    Home of the Scalable Business Plan and QuikStart Capital Programs
    http://www.bizgrowthmasters.com
    info@bizgrowthmasters.com


    • 3 posts
    September 29, 2009 8:38 AM EDT

    Great info Mark.  I live in Los Angeles and am considering a social media startup in either Delaware or Texas.  Are there any specific or legal reasons one must incorporate in one's own state?


    Thanks,

    Sam

    • 2 posts
    February 8, 2013 9:28 AM EST

    I would set up a simple one person LLC --> http://www.perfectdocs.org/collections/limited-liability-company-llc    I used the forms here before and had success. Try "attorney1" - I believe it still works and was 50% off