Terms & Conditions of Legal Services
A condition to Richard Keyt and KEYTLaw, LLC (the “Firm”), form a Delaware limited liability company and provides legal services is that founder agree to the following terms and conditions.
The Firm will perform the following legal services for a guaranteed amount of $1,599: (1) unlimited telephone calls with LLC attorneys Richard Keyt to answer questions about forming and operating the Company, (2) name selection advice, (3) prepare Certificate of Formation and file it with the Delaware Department of State (“DDoS”) on an expedited basis, (4) give you that Certificate of Formation with the DDoS’ “filed” stamp, (5) prepare Richard Keyt’s Operating Agreement custom drafted for your LLC, (6) hire a registered agent service to be the Company’s resident agent in Delaware for the Company’s first year, (7) prepare organizational resolutions of the members, (8) prepare membership certificates for all members to prove ownership, (9) deliver all documents to the LLC’s contact person by uploading the documents in Adobe pdf format to a secure storage facility in the cloud, and (10) obtain a federal employer ID number for the LLC from the IRS.
The $1,599 fee includes all formation costs, including the $200 DDoS expedited filing fee and the resident agent fee for the Company’s first year. Note: The Delaware LLC must always have a resident agent with an office in Delaware.
Delaware LLC Annual Maintenance Costs. The LLC will be obligated to file an annual report with the DDoS every year and pay a minimum fee to Delaware of $250. If the LLC does not file this report and pay this fee the DDoS will terminate the LLC’s existence. In addition, beginning one year after formation of the LLC the registered agent will charge the Company a fee every year payable in advance to continue as the Company’s Delaware resident agent. The Company may change its resident agent at any time, but if it does not maintain a Delaware resident agent, the DDoS will terminate the Company’s existence. It is the members and managers responsibility to make sure that the Company always has a Delaware resident. It is the responsibility of the LLC to prepare and file the annual report and pay Delaware its annual fee and pay the annual registered agent fee to registered agent service.
We are not advising you with respect to and we are not responsible for selecting a name that does not infringe on a trademark or service mark. Before you select a name for your LLC, check the DDoS’ Name Availability Database to determine if your prospective LLC name is available in Delaware. The DDoS will accept a proposed LLC name unless it is identical to the name of an existing Delaware entity or tradename.
We require payment in advance before we provide any services. Unless there are unforeseen costs (for example you want us to send documents to you via FedEx or out of the U.S.) or developments or you hire us for additional services unrelated to forming your company (at our current hourly rates), the amount you agree to pay in this Agreement will be the only amount you pay us for forming your LLC. We will send itemized invoices. You agree to pay any unpaid amount within ten days after we mail the invoice. If you do not pay an invoice within thirty days, we may charge interest on unpaid amounts at the rate of 1.5% per month, and we may terminate our services and/or withdraw from further representation of the company.
The entire amount you pay KEYTLaw, LLC, for fees and costs is nonrefundable, but you may nevertheless discharge KEYTLaw, LLC, and Richard Keyt at any time and in that event you may be entitled to a refund of all or part of the fee based upon the value of the representation. The person who pays our fees and costs by credit card confirms that the company that issued the credit card allows charges for future services, costs and expenses. After three years, we may destroy all documents we collect during the time we provide services.
We are not acting as your attorney in advising you with respect to this Agreement because we would have a conflict of interest in doing so. You are hiring the Firm only to form your Delaware LLC, not to advise the LLC or its members or managers with respect to federal or state income or estate tax issues or securities law. The members and managers should consult with an experienced tax accountant as soon as possible for advice on federal and state income & estate tax issues affecting the LLC and its members. You must consult with other attorneys to advise you on federal and state tax and securities laws.
Pay for Your Delaware LLC
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