myIndianaLLC.com – Form an Indiana LLC Online!

Brian Powers — Tue, 20 Apr 2010 21:47:26 +0000

Today I launched a new a couple of new websites, one of which is myIndianaLLC.com. Over the past year, a good deal of my solo legal practice has been driven by the various blogs and sites I maintain on the internet, including this one. One thing I have learned is that not everyone that finds me wants a “traditional” experience with an attorney. They know what they want in terms of legal advice or documents. They want it quick, and they want it to be affordable. They don’t need or want to meet face to face. They don’t want to visit an office. They don’t want broad representation. Some of them need an LLC formed. Some of then need a power of attorney.

myIndianaLLC.com caters to the needs of these people. By using carefully designed, interactive questionnaires that help me quickly assemble documents, I am able to form and organize an Indiana Limited Liability Company at a fraction of the cost that some other attorneys charge. In fact, the prices on myIndianaLLC.com are right on par with non-attorney legal form sites such as LegalZoom.com. Keep in mind that LegalZoom.com is not an attorney and may not give you legal advice – I can. Not to mention that myIndianaLLC.com will form your Indiana LLC and return all of your documents to you in either 1 or 3 business days, depending on which package you purchase. You get an Indiana LLC, prepared online by an Indiana LLC Attorney.

So what do you get?

A single member LLC starts at $400. A multiple member LLC starts at $600. You get:

Articles of Organization that have been filed with the Indiana Secretary of State (the filing fee of $87 is included in your price!).
A Certificate of Organization from the Indiana Secretary of State.
A Single Member Operating Agreement.
Organizing Resolutions of the Members or Managers.
A Membership Interest Certificate, evidencing your ownership interest in your new Indiana LLC.
A memo with instructions on what to do with your documents, how to apply for an EIN, various state reporting requirements, and advice regarding how to maintain the limited liability protections provided by your LLC.

How Does it work?

Follow a simple process to get started:

Choose the Indiana LLC package you would like to purchase.
Register for an account (subject to terms of use).
Purchase your Indiana LLC package.
Fill out our easy online questionnaire

Once you complete the questionnaire, the documents associated with your Indiana LLC will be generated and sent to experienced LLC attorney Brian V. Powers for review. We will review them, follow up with any questions, file the appropriate documents with the Indiana Secretary of State, and when everything has been completed, we upload your completed documents to the site where they will be available for your download.

Why are online legal services fast and affordable?

Its the technology of course! By using the latest in online document automation technology, your documents are prepared quickly without the need to a paralegal or legal secretary to key in your information. Our technology is smart too – it knows how to assemble your document based on the answer you provide. Answers are collected online. Payments are collected online. Documents and advice are delivered online (and by phone from time to time). Most lawyers waste a lot of time and money on expensive offices, unnecessary staff & overhead, and client meetings. Not here. We focus on you and your legal needs – which saves you time and money!

Why are online legal services fast and affordable?

Its the technology of course! By using the latest in online document automation technology, your LLC documents are prepared quickly without the need to have a paralegal or legal secretary to key in your information. Our technology is smart too – it knows how to assemble your document based on the answer you provide. Answers are collected online. Payments are collected online. Documents and advice are delivered online (and by phone from time to time). Most lawyers waste a lot of time and money on expensive offices, unnecessary staff & overhead, and client meetings. Not here. We focus on you and your legal needs and organizing your Indiana LLC – which saves you time and money!

Compare Us to Others – A Licensed Attorney vs Legal Forms Providers

I challenge you to find a better value anywhere. In fact, here is a link to the “leading” online document-preparation service: LegalZoom(tm). I put that link there hoping you will click on it, and knowing that you’ll be back. I spend a lot of time fixing the mistakes they, and other non-attorney document preparation services, make. The advantage of using us – you’ll have the advantage of a real lawyer personally preparing your LLC documents and forming your Indiana limited liability company, instead of some non-attorney clerk on the other side of the country.

LLC Operating Agreements – Restricting the Transfer of Membership Units.

Brian Powers — Fri, 04 Sep 2009 20:21:52 +0000

An operating agreement is the organic document of a Limited Liability Company. It defines the relationship of the members among each other, the relationship of members with the company, and how the company will be managed / operated. One important component of an operating agreement, in the context of a multiple member limited liability company, is the inclusion of provisions which restrict the transferability of membership interests. In the context of a corporation, this would normally be handled in a buy-sell agreement – but for a limited liability company, it is typically addressed in the operating agreement (although it certainly could be addressed in a separate buy-sell agreement among the members.)

The importance of these provisions is to maintain the closely held structure of the LLC. If members are allowed to freely transfer their interests, or if those membership interests are freely allowed to transfer via involuntary means (i.e. death, divorce, bankruptcy), members who originally started the business with one or more particular members may be forced to continue the business with new members that they do not necessarily approve of. Putting restrictions on transferability can solve this issue by giving members control over how/when/why membership interests can be transferred.

If you are interested in learning more about what types of things should typically be considered in these provisions, check out my post on buy-sell agreements.

10 Legal Tips for Your Startups (myventurepad.com)

IndianaStartup.com » Operating Agreements

myIndianaLLC.com – Form an Indiana LLC Online!

So what do you get?

How Does it work?

Why are online legal services fast and affordable?

Compare Us to Others – A Licensed Attorney vs Legal Forms Providers

LLC Operating Agreements – Restricting the Transfer of Membership Units.

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