![]() The business will operate exclusively from France, and will only have clients based in Europe. to operate his business, rather than operating a sole proprietorship or forming a legal entity in France. For privacy and asset protection purposes, he wants to form a company in the U.S. Consultant with Delaware CorporationĪ business consultant is a citizen and resident of France. ![]() Is that really the type of relationship you want?īelow are some real-life examples of frequent and damaging mistakes I’ve seen with these service providers:Ī Non-U.S. “…Just pay us a fee…here are your standardized forms with no thought, care, legal or tax analysis…and we aren’t responsible for anything…” The information provided is also NOT covered under attorney-client privileges. They do not provide legal, tax, accounting or other business advice, and disclaim any and all responsibility for the product they provide to you. Their legal disclaimers and terms and conditions make it clear that they are neither a law firm, nor a substitute for an attorney or a law firm. These companies describe themselves as “Document Filing Service” companies. Because there is zero customization, new business owners are setup for disaster. Customers are provided boiler-plate forms and agreements, without any modification to meet the needs of the business and its owners. These providers lure customers using low upfront fees, only to later be blindsided by those “hidden” fees. New entrepreneurs seek out these service companies because they are looking for the cheapest and quickest way to setup their company. They use services such as Legal Zoom or IncFile, only to later find out that the type of entity, operating agreement, or tax classification is COMPLETELY WRONG for their business and ownership structure. I constantly receive emails from clients AFTER they’ve used an online service provider to form their business entity.
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