Many potential clients are taken aback by what lawyers (at least the good ones) charge to draft Operating Agreements for business entities. Of those that do face sticker-shock, many decide to print out a form they find on google thinking they have solved their problem. You pay a lawyer because our job is to make sure all of your documents are drafted in accordance with any new changes made to the law. The forms you find doing google searches are often not up-to-date, and yo
The primary reason people choose S Corporations rather than Limited Liability Companies is to save money on employment taxes. If you organize your business as an S-corporation, you can classify some of your income as salary and some as a distribution. You'll still be liable for self-employment taxes on the salary portion of your income, but you'll just pay ordinary income tax on the distribution portion. Depending on how you divide your income, you could save a substantial a
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