The purpose of a Limited Partnership is to establish the legal requirements of each party to the agreement.

Pros: If you hired an attorney to prepare a standard Limited Partnership Agreement, it would cost you approximately $1,365.00. You can get the identical service from Legal Zoom for only $249.00 plus state filing fees. Additionally there are related services that are offered by Legal Zoom that are related to creating a Limited Partnership and these services are priced similarly low. For example you can have a federal tax identification application prepared for only $25.00, obtain a federal tax ID number for $70.00 and/or get a registered agent fee for only $149.00.

You can spend a lot of money setting up a Limited Partnership but you really don’t have to if you use the services that are provided by Legal Zoom. It is absolutely necessary to get your legal ducks in a row when you are forming a partnership. A hand shake is good for many things but it won’t stand up in court.

Cons: Agreements prepared by Legal Zoom might represent the priorities of only one of the parties.

Guarantee: The 100% guarantee of satisfaction as stated in part on the website says, “We strive to be the best legal documentation service on the web. If you are not satisfied with our services for any reason, please contact us immediately and we will either correct the situation or provide a refund, your choice.”

Value for money: Legal services at Legal Zoom are an excellent value.

This entry was posted on Monday, May 7th, 2007 at 11:16 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.