Starting a Business, HUH?

Last month I started my own LLC. Setting one up is actually pretty easy (you fill out a form online and pay $130), but everything that goes into it can be quite confusing. Articles of organization, operating agreements, and bank accounts are only the beginning.

First of all if you have the money, hire an accountant. Taxes suck. Hiring a lawyer to help you out with all the legal documents is a close second, but all the necessary documents you need, you CAN find online.

What pushed me to write this blog post was the issues I was having just applying for a bank account.

Actually applying was painless. After applying, however, I received an email asking for a bunch of paperwork. So, I looked online and found a basic template for an operating agreement. I read over it and filled in all the blanks and it seemed pretty legit, so I faxed it.

My rep calls me the next day telling me I need to edit the operating agreement, because a certain section conflicted with my articles of organization. Well, I have no idea how to word the copy in an operating agreement, so I went back to Google.

I found ANOTHER operating agreement online and filled it out. That’s where I am so far. I’ll fax it over tomorrow and hopefully all the paperwork will be done so I can just get a bank account.