11/10/2022 0 Comments Legal zoom llc creation![]() ![]() For example, let’s say that an angel investor invested in your original company and your LegalZoom document gave them voting rights and the ability to seize your personal assets at any time to repay their investment. Why not? Anyone who is well positioned with your original documents can-read will-push back and not allow you to make changes that would be unfavorable to them. LEGAL ZOOM LLC CREATION DOWNLOADSome of you may be thinking, “I’ll just download the cheap documents on the front end, and when/if I run into trouble, then I’ll hire an attorney to fix the problems.” It would be great if this were possible, but unfortunately changing your business’s paperwork once you’ve already started is rather like trying to take a final exam a second time because you didn’t study at all the first time. It’s Difficult (if not impossible) to Change Your Business Documents Down the Road LEGAL ZOOM LLC CREATION FREEThere’s no such recompense with LegalZoom or free DIY online documents if you use them, you’re taking on an enormous risk. LEGAL ZOOM LLC CREATION LICENSEBut if we lose a malpractice lawsuit for an unhappy customer, that customer gets paid back for all of their losses and the lawyer could lose their license to practice law- their livelihood! Given this, lawyers have all the incentive in the world to deliver to you the best work that they can, written for your unique company. We lawyers take our bar licenses very seriously, (it’s our license to practice our trade). On the other hand, if you hire an attorney, any attorney, to write the documents that you use for the formation of your company, you have the highly regulated state bar association on your side in case anything goes wrong. LegalZoom’s disclaimer removes any right you may otherwise have to sue LegalZoom for giving you cruddy documents. Your local city government can shut your business down. If the document is at all incorrect in the way it is written, if it misses any necessary terms that your business requires to operate, you have absolutely no recourse for errors in your document. If you purchase a form document from LegalZoom or find one off the internet, however, there is no one standing by it. ![]() When you hire a lawyer, you’re not only paying for your documents, you’re paying for that lawyer’s warranty that the work he or she does for you is correct. LegalZoom Disclaims all Responsibility for their Documents Downloading a boilerplate document, even from paid websites such as LegalZoom, leaves that money on the table. More on this here.Ĭongress will often pass new laws that subsidize startup businesses in an effort to boost the economy, but in order to take advantage of these subsidies, you have to draft your documents to fit with their parameters. All of these laws can affect your business, and only lawyers who specialize in that particular type of law (business law, trusts and estates planning, personal injury, etc.) can advise you-and draft your unique documents-appropriately given those recent changes. Every quarter there are hundreds of new statutes passed by state governments and Congress, not to mention changes in case law from judge’s decisions. Online Documents Do Not Keep Up With Crucial Changes In The Law Have a lawyer draft your management agreements, LLC paperwork, and contracts for your unique company. But when it comes to creating a business, entrepreneurs often use the same document as everyone else! You wouldn’t have your dentist check you for heart disease! Take care of your business. We customize our computers, our mobile phones have only the apps we need (with our unique settings), we only TiVo the programs we want to watch and we only listen to choice radio programs (if at all). These days, we’re all about customization. Whether it’s a manufacturing business or a music label, everyone gets the same document. While downloading online documents from websites like LegalZoom may be cheaper in the short run, you’re getting the same document(s) that everyone else is getting, despite the industry that your company’s in, the amount of employees it has, recent developments in your state’s laws, etc. This means that your company, from a legal perspective, will have its own unique legal needs. To win in the business world, you’ve got to be doing something that’s different from the companies that are already out there making money. ![]() Successful entrepreneurs have unique businesses. ![]()
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