QUESTION
How much should legal fees be to set up an LLC for a small business?
Asked on May 07th, 2012 on Contracts - California
1 ANSWER
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Doland & Fraade
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The best answer is about two hours plus the filing fees. A property Operating Agreement, Minutes of First meeting of Members and/or Managers, filing the Statement of Information, issuing shares, if done properly and if customized for the client's specific needs and objectives takes some time. Forming online is cheaper, but 95% of the business entities formed online are formed incorrectly and incompletely. The amount of an attorney's hourly rate will differ by area and experience.
Answered on May 21st, 2012 at 6:56 PM