6 Reasons to Hire an Attorney When Creating Your New Hampshire LLC
If you are considering forming a limited liability company, you may be tempted to handle the process yourself. Many online sites and television commercials advertise the ease of filing these new entities.
Unfortunately, what these self-service websites cannot offer you is anything that goes beyond the establishment of the LLC as a new entity. The next step after forming the LLC is typically to obtain a tax ID number and create an operating agreement.
Using an Internet form, or worse, having no operating agreement at all, may prove to be a costly mistake. These agreements should be carefully reviewed and negotiated under the guidance of an experienced Hampton LLC lawyer.
6 Issues a Lawyer Can Help You Address When Creating a New Hampshire LLC
What issues can an attorney help address as you form your new LLC? The following are six examples:
- Whether to be a manager-managed or member-managed LLC
- What happens if you pass away unexpectedly
- What happens if you become incapacitated
- What happens if you and your business partner want to go in separate directions
- Who is responsible for which tasks relating to the operation of the company
- How the sale, transfer, or forfeit of membership interests is handled