Attorney costs to setup LLC

[James Masotti]

While I know this is wildly different across states and formation types and the like but...anyone have any sort of guidelines on what an attorney should cost for setting up an LLC? I'm focused on Delaware, but I imagine anything in the Northern Maryland, South Jersey, Philadelphia areas should be comparable.

I'm only just getting started and will not let the lack of an LLC hold me back from doing so. I can always transfer property ownership later (without fear of triggering any due on sale clauses because I've already cleared it with my lender and they're willing to put in writing before I go to closing).

However I'd kind of like to have the LLC set up so that I can start my branding and marketing and know that I have the legal rights to the business name and the like. Perhaps a conversation on business name and marketing before having an LLC belongs in another post though...so we'll see where this conversation goes and maybe I'll post that up there.

Thanks in advance for any help and assistance!

[Richard S.]

Hi, @James MasottiI have setup LLCs several times through New Jersey's state website. It's relatively easy and painless (at least in New Jersey) to do it all online, and then get an EIN. As for the Operating Agreement, I have several that I've paid for from attorneys, but after finding Rocket Lawyer, I use it for many of my legal documents. They have state specific legal forms ready to go, and an easy to use questionnaire to help you fill it out as you go. I just logged in to check, an they have an LLC Operating Agreement, and all kinds of other documents that help real estate investors (such as Lease Agreements, Eviction Notices, etc). I highly recommend them, they've been well worth the money for me versus taking all my work to a lawyer.