Pulling the trigger on my SaaS project and I’m stuck at the “official” starting line. Everything I read says Delaware is the gold standard (Court of Chancery, VC friendly), but I’m getting wildly different advice on how to actually form the thing.
My cousin (who is a paralegal, not a corporate lawyer) is scaring me saying that if I don’t have a lawyer draft the Operating Agreement, the online templates will leave me wide open for personal liability if I ever get sued. She mentioned something about piercing the corporate veil and how most of these online services don’t actually handle the foreign qualification if I’m not living in DE (I’m based in Austin, TX).
What’s a cheap and fast way to form an LLC in Delaware for a project that’s started generating some monthly income? I’m looking for legit options that won’t hit me with unnecessary upsells or hourly charges. Any advice on how to handle this efficiently? I need a solution to complete the set up online.
Lawyer quoted me $2,500 for a “startup package.” This feels like a massive chunk of my bootstrap budget just for some paperwork.
For those who used an online service, did it ever come back to bite you when you tried to raise money or open a bank account? Has anyone actually had a “standard” Operating Agreement fail them in a legal dispute?
I really don’t want to spend $2k+ if I don’t have to, but I also don’t want to save $1,500 now only to lose the whole company later because of a typo in a template.
submitted by /u/Rakkien
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