My good friend and I are creating a simple subscription based website. We’re not even sure it’s going to make money. We do want to get an LLC, but that takes like 10min, no problem. We don’t have any grand plans or complex needs. Basically we split costs and profits, set a dissolution clause, final vote clause and some banking rules. Do we really need a lawyer to write that or can we just type something up and sign it? thanks!
An LLC takes 10 minutes to set up, but you need to operate it effectively or it’s worthless. If you absolutely understand what you’re doing, write the agreement yourself. If not, hire an attorney.
When you create your LLC one of the options will ask if you want an Operating Agreement. The operating agreement will provide for the other items you are seeking (like voting rights.)