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Discount Organization Services
ОглавлениеA slightly more expensive alternative is to hire a discount organization service. Such services, streamlined but competent, range from $200 to $300 per organization. Of course, such services are essentially filing services that do only the following:
• File articles of organization with the appropriate state office
• Select close LLC status
• Prepare boilerplate operating agreement
• Prepare boilerplate minutes of organizational meeting of managers
Such services generally do not include steps after filing the articles of organization, such as the following, which you must do on your own:
• Review and revise operating agreement, if necessary
• Review and revise minutes for organizational meeting of managers or members, if necessary
• Conduct organizational meeting of managers or members
• Ensure compliance with state securities laws
• File initial LLC reports with the secretary of state
• File periodic reports with the secretary of state
Discount organization services offer value. They can often navigate the bureaucratic complexities of state government and can provide prompt service and tested documents. However, the boilerplate operating agreement and proposed minutes of organizational meeting provided by discount incorporation services often contain fill-in-the-blank and optional provisions that can baffle an inexperienced organizer. On balance, you might find that you are better off organizing your entity on your own. You’ll save money and you’ll likely have an entity that more accurately suits your needs.