Ned Sperry Attorney Denver

PRACTICE AREAS

Business Formation – including startups
 
Business Acquisitions
and Sales

 
Business Capitalization and Financing
 
Business Contracts

Intellectual Property Development and Protection
 
Business Employment
 
Business Operations
 
Business Succession
 

choose Ned sperry

 

 

 

 

Should you hire an online document preparation service or Ned Sperry LLC?

Most business owners and entrepreneurs think that their choices are limited to either 1) overpriced law firms with their wood paneled conference rooms and impressive bookcases stuffed with volumes of legal treatises, or 2) online document preparation services with their limited list of online services. Law firms provide personalized legal services that the online document preparers can’t offer, but at prices that reflect their impressive overhead. Meanwhile, document preparers provide generic document preparation services at an affordable price, but can’t provide the same personalized legal services available from a law firm.

What if an attorney provided affordable personalized legal services in a low overhead environment utilizing the latest in technology to provide you with real value for your dollar? Ned Sperry will provide you with expertise and personalized legal service available from law firms, but at prices comparable to those of online document preparers.

Their Disclaimers Say It All!

Each state has its own unique set of laws governing the formation and ongoing operations of limited liability companies. The person you hire to form your Colorado LLC should have a great deal of experience forming Colorado LLCs, be a lawyer licensed in the State of Colorado, and should have legal malpractice insurance.

Online document preparers generally are not licensed to practice law, much less practice law in the State of Colorado. A quick review of most document preparation web sites will reveal language to the effect that:

They are not permitted to engage in the practice of law. They are prohibited from providing any kind of advice, explanation, opinion, or recommendation about possible legal rights or selection of forms.

The legal inf ormation contained on their web site is not legal advice. The legal information is not guaranteed to be correct, complete or up-to-date.

If you need legal advice, they instruct you to consult a licensed attorney in your area.

They are not a law firm, and are not acting as your attorney.

They expressly disclaim all warranties of any kind including but not limited to implied warranties of merchantability, fitness for a particular purpose, title and non-infringement.

They make no warranty that the quality of any products, services, information or other material purchased or obtained by you through their web site will meet your expectations.

They are not liable for any indirect, punitive, special, incidental or consequential damage (including but not limited to loss of business, revenue, profits, use, data or other economic advantage), arising out your use of the materials available from their web site.

You agree to indemnify them from and against any and all claims, liabilities, damages, losses or expenses, including reasonable attorneys' fees and costs, arising out of or in any way connected with your use of their materials.

Would you visit an unlicensed doctor who required you to sign a document that says that no matter the outcome the unlicensed doctor is not liable?  Does it make any sense to choose a document preparer who 1) Is not licensed to practice law in Colorado; 2) Does not carry malpractice insurance; 3) Is not registered with the Colorado Secretary of State to do business in Colorado, and 4) Will not stand behind the quality of their product?  If all else is equal, then the answer to that question is an emphatic “NO.” So, let’s look at a comparison of services provided and prices. 

Compare the Services – What They Do and Do Not Provide

Before you decide not to hire Ned Sperry to form your Colorado LLC, compare the list of services (found on his LLC Formation Services webpage) that he provides for every LLC with what you will get from a document preparer. 

Ned sperry Attorney Logochoice of entity and tax classification considerations.

Document Preparers.  It is up to you to make the very important determination as to the form of entity and how your entity will be classified for tax purposes. 

Ned Sperry LLC.  Initially, Ned Sperry will sit down with you and your co-venturers to review factors such as:

  • The type of business in which you plan to engage

  • The number and type of shareholders, members or partners

  • The amount and form of initial investment and other financing considerations

  • The management and employee structure and compensation

  • The protection of your intellectual property

  • Your immediate and long-term goals

Based upon the review, Ned Sperry will provide you with advice as to the form of entity that may be most appropriate for your new venture. It could be a limited liability company, a corporation, or other form of entity. Furthermore, after the selection of the form of entity, there remains the decision as to the whether the new venture will be taxed as a sole proprietorship, a partnership, a C Corporation or an S Corporation. As an experienced, licensed lawyer, Ned Sperry will be there to advise you on your tax classifications options.

Ned sperry Attorney LogoAdvice and Clearance of Your New Entity’s Name

Document Preparers.  They generally will just perform a preliminary name clearance with the Colorado Secretary of State.

Ned Sperry LLC.  Ned Sperry will provide you with advice regarding the legal requirements of an entity name in Colorado and clear the selected name with the Colorado Secretary of State prior to filing the Articles of Organization. 

Ned sperry Attorney LogoRegistered Agent Services

Document Preparers.  Document preparers charge as much as $300 per year to act as the registered agent for your and will not explain that you can do it yourself for free. 
Ned Sperry LLC.  Ned Sperry LLC will act as your registered agent in the State of Colorado for the first year at no charge to you.  Thereafter, if you desire to retain the services of Ned Sperry LLC as registered agent, the annual fee will be less than $100.  If you desire to act as your own registered agent, Ned Sperry will provide you with instructions on how to do so. 

Ned sperry Attorney LogoExpedited Services

Document Preparers.  Some document preparers claim that non-expedited orders typically take about 20 to 35 business days to complete.  Their “expedited orders” are completed in 7-10 business days. 
Ned Sperry LLC.  Ned Sperry LLC will complete the formation of your LLC within 3-4 business days.  24 hour expedited service is available upon request.  Following completion of the formation of your LLC, you will be able to set up a bank account and begin doing business.

Ned sperry Attorney LogoCompany Seal

Document Preparers.  Some document preparers give you something called a "corporate seal.”  Basically, it is a steel embosser that they lead you to believe is necessary to make LLC documents, such as membership certificates, contracts and deeds, official. 
 
Ned Sperry LLC.  A seal is not required by Colorado law and has no legal significance.  A seal is an example of unnecessary fluff document preparers offer to make their services sound more expansive and complete. 

Ned sperry Attorney Logoform agreements

Document Preparers.  Often they’ll offer you a number of simple form business agreements on a disk that they claim are essential to the operation of your business.  The form agreements will likely come with a long list of disclaimers and warnings that you should talk to an attorney before using any of them.  The offer sounds great, but it’s worthless.  It takes no time and effort on the part of a document preparation service to put together a number of stock form agreements, none of which are tailored to Colorado law or customized to your business.  You can just as easily gather the same form agreements off of the Internet.

Ned Sperry LLC.  Ned Sperry does not recommend the use of standard form agreements when it comes to structuring the legal rights, obligations and duties of your business.  Thoughtful consideration as to the structure and terms of your important business documents will save you time, aggravation and money down the road.

Ned sperry Attorney LogoPreparation of state and local tax registration and business license forms

Document Preparers.  If you are going to have employees or sell goods in Colorado, it will be necessary to file certain registrations and obtain certain licenses with various state, county and local offices.  Document preparers do not provide this service and leave it up to you to figure out on your own.
Ned Sperry LLC.  Ned Sperry LLC can advise you on state, county, and local licensing and registration requirements. 

In summary, document preparers do not offer complete LLC formation services.  Their listing of services looks impressive on their web site; however, by the time you figure out what the document preparer left out, the document preparer has already collected its fee.
 
Document preparers can’t offer a complete package for two reasons: 1) to do so would constitute the unauthorized practice of law in many states, and 2) customized, personalized services don’t translate well to an online fill-in-the-blank format.

Hiring Ned Sperry is a no-brainer when you compare his LLC formation services to that of document preparers. When Ned Sperry forms your Colorado LLC, it will be formed completely and you will have everything you need to operate the LLC in compliance with Colorado law.  And, it isn’t always about the mere preparation of documents.  Ned Sperry’s goal is to provide the personal guidance and years of experience practicing law in Colorado that you need to get your business of the ground.

Pricing

So what’s the bottom line?  For many people, price is the primary consideration.  Ned Sperry’s goal is to provide you with the legal services necessary to get your new business up and running on a legally sound basis.  Document preparers often offer document preparation packages at various price points.  Their least expensive package usually offers very little in the way of formation services and is, not surprisingly, of little value.  Their most expensive package offers document preparation services comparable to those described above.  Ned Sperry doesn’t offer a series of packages at various price points.  He doesn’t try to entice you with teaser rates. 

The bottom line is that Ned Sperry’s price to completely form your LLC will be comparable to a document preparer’s price but with vastly superior services.  To obtain pricing, please call Ned Sperry at 303-388-6330 or e-mail him at info@nedsperry.com

Still on the fence?

 If you’re still on the fence, ask yourself these three questions:

  1. Will I sleep better at night having hired a document preparer instead of Ned Sperry?

  2. Will I have saved money by hiring a document preparer instead of Ned Sperry?

  3. If I pick the document preparer, am I only putting off until tomorrow what I should be doing today?

The reality of the situation is that your business, if successful, will more than likely need a lawyer at some point in the not-too-distant future.  Your document preparer will not be there for you.  Establish a relationship now with a Colorado licensed lawyer, so that when you need a lawyer, you have someone to call who already knows you, your business, and is prepared to help.    

Ned Sperry LLC

240 Milwaukee Street, Suite 200
Denver, CO 80206
Telephone: 303.388.6330
Fax: 303.393.0520

Privacy Notice

E-mail: ned@nedsperry.com

Map & Directions

Click to verify BBB accreditation and to see a BBB report.

Denver, Colorado Business Attorney Ned Sperry with services including: business capital and financing, business sales and acquisitions, business formation and starts ups serving the Denver metro area.

 Ned Sperry LLC serves clients throughout the Front Range of Colorado and many mountain communities, including Denver, Englewood, Littleton, Greenwood Village, Cherry Creek, Boulder, Louisville, Broomfield, Westminster, Fort Collins, Windsor, Greeley, Colorado Springs, Fountain, Frisco, Steamboat Springs, Denver County, Arapahoe County, Jefferson County, Douglas County and Adams County.

Copyright © 2009 by Ned Sperry LLC, All Rights Reserved, Disclaimer

Home | Practice Profile | Contact Us | Practice Areas | Contact Us | Links | Site Map | Site Map XML | Business Formation - Start-ups Denver CODenver Colorado Business Sales and Acquisitions lawyer | Business Employment Attorney Denver CO |