Please only respond if you are a licensed US lawyer or a CPA. If you are one of these, please tell me what you think the pros/cons are of forming an LLC in your proposal so I can measure your expertise.
I'm launching an online community that will have paid members that generate content and interact with content created by other members. I need an LLC to separate me from the business so that I don't have to put my name on all legal documents. If I didn't have an LLC, I would be the sole proprietor and my name would have to be everywhere.
- create a single member LLC by filing all of the necessary paperwork (e.g. formal paperwork, notice of intent, operating agreement, etc)
- instruct me on how to maintain the legal protection of the LLC (e.g. keep minutes, etc)
- obtain licenses and permits if applicable
- pay for any fees (e.g. filing fees, business license fees, etc)
In case it's important, the website basically operates like this: imagine a group of students collaborates to create a practice exam. Each student can contribute as many or as little questions as they want. In the end, the group will have a bunch of questions to share amongst themselves. From there, they can create practice exams of any length based on the questions that the group has created. Students can also discuss the questions and their solutions with other students.
Let us know if you have any questions!