QUOTE(muzzleflash2 @ Mar 12 2005, 03:11 AM)
I've been going over the filing instructions on the TN SoS website, thinking I could save some money doing it myself.
Lil complicated. I'm almost inclined to go with the added expense of a filing service, but jeez, 600+ bucks for the MINIMAL plans, and I want expedited service. I can act as my own registered agent and save some money there.
I'm thinking about picking a state with low registration fees and no hidden ones (There was a page somewhere that said Wyoming was better because Nevada had fees that you don't see.. but I don't know), but then you're adding a registered agent in that state and a foreign entity registration in mine, and that probably jacks it up to what I'd spend registering it here.
I look at the filing services, and aside from doing the actual filing and checking of documents to make sure they're all right, it's nothing I need or can't do myself. The name search, for example. Should I take the plunge and attempt to file it myself?
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Forming an LLC happens at the state level, so every state is different. I used bizfilings.com and I also use them as my registered agent. I can't remember off the top of my head what the initial cost was, but IMO it was well worth it. I just renewed the registered agent for $179/year.
Even using bizfilings, I recently had a meeting with my lawyer about something else and we discussed PK. I found out that despite the fact that I had used a service, I still had missed a step that I needed to do. So technically, until I file some paperwork with the State of NY, my LLC is not recognized with limited liability.
Anyway, doing everything yourself increases the likelihood of error exponentially. If you do not file your LLC correctly according your state requirements, the limited liability protection means nothing and in court, that status can and will be challenged and you can be held personally liable like a sole proprietorship.
Also, I thought you didn't want to use your address? If you use yourself as the registered agent, you need to give them your address and it must be a physical address because this is where a business would be served with court documents. You can't do that to a post office box.
Don't even think of going out of state to form an LLC or any type of entity. It causes headaches and in the long run costs more money anyway because you still need to file with the state that you are located in to do business there.
Why do you want to form an LLC? Why don't you just create a DBA and form the LLC when the money isn't an issue to do so. Frankly, with all other expense you run into with your business, forming the LLC is "cheap".