How much does it cost to draft a Operating Agreement in Delaware? Below are summary details about a user that needed to draft an
This cost data comes directly from ContractsCounsel's online marketplace.
The user received 6 bids to draft the Operating Agreement at a pricing range of $525 - $1300 on a flat fee.
The data includes project specifications and Operating Agreement pricing.
To review more pricing data, visit Operating Agreement pricing.
Can you explain and help with the process of dividing the LLC into 99% and 1%?
I would like to make my dad a 1% owner in the company In order to have an LLC in PA under the age of 18. Me being 17, I would like to create an LLC so that I can function and be fully legal and transparent to the state of PA. I need more specific 1 on 1 guidance on how I can fully make this possible. Any information helps, thank you.
Answered Mar 3, 2021
Hi. This is a difficult question in terms of application and practicality. There is nothing in the LLC laws that prevent a minor from owning an LLC in Pennsylvania. However, the minor may not have capacity to sign a binding agreement such as the documents necessary to create an LLC. More than likely an option to consider may be to have a parent form the LLC and grant the minor an ownership interest through an operating agreement. However, each situation may be different and I urge you to contact legal counsel to discuss your specific circumstances.