The History Behind STARTright
A Business Lawyer's Attempt To Simplify
While serving his clients, Spencer felt much of the set up and administrative tasks required to form a Limited Liability Company were performed in an inefficient and costly manner. In an attempt to help his clients set up their LLCs in a more cost-effective way, Spencer began developing the framework for a web application that would:
- Create the Articles of Organization in a step by step process.
- Help business owners file the LLC Articles with the appropriate state agency.
- Teach business owners the basics for running the LLC.
- Provide a means to update documents and get reminders so the LLC was run efficiently.
The Philosophy Behind STARTright
An answer to three barriers to getting started.
Costs Barriers:
Information Barriers:
If business owners understood the legal basics about their business, the debate about good legal solutions verses poor ones would go away. When a business owner understands the legal basics affecting the business, the business owner can recognize a real problem. Despite the costs, those are the times to get good legal assistance. A majority of the legal basics surrounding the business are administrative. Creating the LLC is a matter of filing the correct paperwork. Most partnership contracts are standardized and can fit virtually all situations with minor alterations. The legal basics are generally routine. It is hard to justify paying a good attorney's high fees to do routine work, but it is equally hard to swallow paying a cheap attorney to potentially mess up routine work that is rarely in in the attorney's legal routine.
Fictional Barriers:
To often, business owners trying to be self sufficient get information about various business basics that is just false. Information like this has kept business owners across the united states clamoring for Nevada corporations because they have heard that they get huge tax breaks and legal protections. In truth, these business owners have paid large fees in Nevada and still had to pay fees to register their LLC in the state where they do business. Most have paid the same amount of state tax as if they had formed the LLC in their own state. For most, the Nevada LLC has had no magical effects. The Nevada LLC and corporation are wonderful legal entities...if you do business in Nevada.