Business Clarity Session - 45 minutes - $395.
Our Business Clarity Session provides a 45 minute legal consultation for a flat fee.
Before you start a business, you may have questions about:
- Whether to form an entity
- What type of entity
- What principal office or resident agent should you choose
- Who the owners should be, etc.
If you already operate a business, you may have questions about:
- Whether to bring on workers as independent contractors or employees
- Whether your LLC should update its services or client agreements
- Whether your corporate documents are up-to-date
- How to transfer part ownership to another person
- Whether you need website terms tailored to your business
For these and other questions we suggest our Business Clarity Session.
Formation of Maryland Single Member LLC and Operating Agreement (1 Member/Owner) - $1850 Flat Fee
This package includes:
- Initial virtual meeting or phone conference regarding choice of entity, advice about trade name, principal office, resident agent, etc.
- Drafting and Filing of the Articles of Organization with Maryland SDAT
- State Filing Fees ($154.50 for expedited SDAT handling)
- Single-member LLC Operating Agreement
- Instruction guide for required and optional next steps (obtaining FEIN, Maryland Tax Account, Bank Account, etc.)
- Questions answered via email
Formation of Maryland Multimember LLC (more than 1 Member/Owner) - $1750 Flat Fee (Operating Agreement is an additional separate service - see below)
This package includes:
- Initial virtual meeting or phone conference regarding choice of entity, advice about trade name, principal office, resident agent, etc.
- Drafting and Filing of the Articles of Organization with Maryland SDAT
- State Filing Fees ($154.50 for expedited SDAT handling)
- Instruction guide for required and optional next steps (obtaining FEIN, Maryland Tax Account, Bank Account, etc.)
- Questions answered via email
Single-member LLC Operating Agreement (LLC already in existence) - $525 Flat Fee
This package includes:
- Checklist completed by client
- Draft of Operating Agreement
- Operating Agreement can include "testamentary" provisions that direct what happens to the owner's LLC interest should they pass away
- Final operating agreement sent for electronic signature
Multi-member LLC Operating Agreement (LLC already in existence) - $495 per hour
Because an operating agreement for an LLC with more than one member can be complex, we charge for drafting these complex agreements on an hourly basis. If we have already formed your LLC, we will already have knowledge about the business, the owners, and the management structure. If we did not form the LLC, we will need to gather basic information about the LLC and its members. These agreements must be drafted by a experienced lawyer and should not be left to an online legal service.
We typically spend about 3 to 8 hours to draft a multimember LLC operating agreement, depending on the complexity, the number of members, the choice of management structure, etc. This work includes:
- Checklist completed by client(s)
- Initial draft of Operating Agreement which can include "testamentary" provisions that direct what happens to the owner's LLC interest should they pass away, transfer provisions, management provisions, and profit and cash flow allocations
- Optional meeting with all members to review operating agreement draft and answer questions
- Final operating agreement sent for electronic signature
Formation of Maryland Stock Corporation - $3200 Flat Fee
The formation of a Maryland corporation is more complex than the formation of an LLC because Maryland law requires bylaws, organizational meeting minutes, and a stock issuance documentation. This package includes:
- Initial virtual meeting or phone conference regarding choice of entity, advice about trade name, principal office, resident agent, desired number of shares, initial directors, officer positions, etc.
- Drafting and Filing of the Articles of Incorporation with Maryland SDAT
- State Filing Fees ($154.50 for expedited SDAT handling)
- Corporate Bylaws (required by Maryland law)
- Organizational Board Meeting Minutes (required by Maryland law)
- Stock Certificates and/or Stock Ledger completed for client
- Questions answered via email
Stockholders' Agreement for Maryland Corporation - $495 per hour
Any corporation with more than one shareholder should have a stockholders' agreement. These agreements must be drafted by a experienced lawyer and should not be left to an online legal service. These agreements include provisions that address, for example:
- Board of Directors: composition, appointment rights, removal, and voting thresholds
- Shareholder voting rights: matters requiring special or supermajority approval
- Officer appointments and authority
- Restrictions on transfer of shares (e.g., prohibitions, board approval required)
- Buy-sell provisions (e.g., deadlock resolution, forced buyouts, cross-purchase arrangements)
- Treatment of shares upon death, disability, or bankruptcy of a shareholder
-
Dividends and distributions policy
Because a stockholders' agreement is complex, we charge for these on an hourly basis. We typically spend about 5 to 12 hours, depending on the complexity, the number of shareholders, etc. This work includes:
- Checklist completed by client(s)
- Initial draft of Stockholders' Agreement which can include "testamentary" provisions that direct what happens to the owner's LLC interest should they pass away, transfer provisions, management provisions, and profit and cash flow allocations.
- Optional meeting with all members to review agreement draft
- Final agreement sent for electronic signature