Should You Use LegalZoom to Form LLC?

Popular online legal service firm LegalZoom provides a variety of legal services, including assistance with business formation. One of the most well-liked services offered by LegalZoom is LLC formation. However, is LegalZoom the best option for creating an LLC? The advantages and disadvantages of using LegalZoom to form an LLC will be covered in this article.

The fact that LegalZoom is reasonably priced is one of its main advantages. The price of the company’s various packages, which start at $79, is considerably less than paying a lawyer to set up an LLC. Additionally, LegalZoom offers a satisfaction guarantee, which entitles you to a return if you are dissatisfied with the service.

Using LegalZoom also has the benefit of making the process of forming an LLC quick and straightforward. They give you all the essential forms and documents, along with step-by-step guidance, to swiftly and easily form your LLC. Cons of establishing an LLC through LegalZoom You might not receive individualized legal counsel if you use LegalZoom, which is one of the biggest concerns. As a result, LegalZoom’s services do not contain legal advice. While they do provide customer service, they are unable to give you situation-specific legal advice.

Using LegalZoom carries the risk that they might not be able to serve as your registered agent in all states. A registered agent, who accepts legal paperwork on the LLC’s behalf, is a requirement in many states for LLCs. You will need to find a different registered agent if LegalZoom is unable to serve as your registered agent in your state.

Being a registered agent for an LLC entails accepting legal paperwork on the LLC’s behalf, which might be dangerous. The LLC may lose its legal rights if the registered agent fails to promptly deliver crucial documents to the LLC.

The person or group responsible for submitting the LLC’s articles of organization to the state is known as the organizer. A member of the LLC, an attorney, or an accountant who is assisting in the formation of the LLC is typically the organizer.

You should look for a registered agent for your LLC who is dependable and who can be trusted to handle legal paperwork on the LLC’s behalf. The price of the registered agent service and the agent’s availability to serve as your registered agent in each state where your LLC conducts business are two other things you might want to take into account.

The steps below must be followed in order to form a basic LLC: Select a name for your LLC in step one. 2. Submit your organization’s articles of incorporation to your state. 3. Obtain all required licenses and permits. 4. Draft an operating agreement. 5. Ask the IRS for an employment identification number (EIN). 6. Establish a unique bank account for the LLC. 7. Submit yearly reports to your state and pay any associated expenses.

In conclusion, LegalZoom can be a fantastic option for forming an LLC, especially if you’re searching for a cheap and straightforward answer. The use of LegalZoom is not without danger, though, as it does not provide individualized legal counsel and cannot serve as a registered agent in all states. The choice to choose LegalZoom for LLC formation ultimately comes down to your individual requirements and situation.