The Lawyer Defined™ Operating Agreement for LLCs


Prepay for Access to an Attorney for Questions

Prepay for Access to an Attorney for Questions

Want the option to be able to talk to a licensed attorney to answer your questions and walk you through creating your documents?

Our expert system will ask more questions later:
  • After you purchase a Lawyer Defined™ Operating Agreement for LLCs, you will be given a unique link to access our expert system.
  • Our expert system will ask you all the questions necessary to produce a high-quality, highly customized Operating Agreement for your LLC.

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The Lawyer Defined™ Operating Agreement for LLCs

Access our sophisticated expert system to help construct a high-quality, highly customized Operating Agreement for your LLC. This is the very best Operating Agreement you can create for your LLC, short of hiring a licensed business attorney to draft it for you.

What’s Included:

  • Access to our expert system to build a high-quality, highly customized Operating Agreement
  • An Operating Agreement not just designed by lawyers, but kept up-to-date on the latest legal issues and tax laws
  • Make 100+ adjustments to your Operating Agreement
  • A PDF and Word version of your Operating Agreement
  • Create, print, and access up to two (2) versions
  • A Spousal Consent template (if appropriate)
  • A Corporate Resolution template
  • A membership units ledger and certificates
  • A How-To Gude for Voting
  • A How-To Guide for Taxes
  • And so much more …

Client understands and acknowledges that purchasing the services herein are subject to the following:

General Terms and Conditions

  • This service includes access to our expert system to generate a high-quality, highly customized Operating Agreement.
  • While we are very proud of our expert system and the Lawyer Defined™ Operating Agreement that is generated, it is still inferior to a licensed attorney. Therefore, we do not promise it will meet all your needs and perfectly match the needs of your business. In fact, we strongly encourage you to have it professionally reviewed by a licensed attorney to ensure it does in fact meet all your needs.
  • We give you over 100 options to select from, but there are literally thousands of ways to tweak and fine-tune an Operating Agreement. Therefore, we cannot promise that the options you specifically need are available in our expert system.
  • Once purchased, you will be given the opportunity to generate two (2) documents. We do this, because we assume your first document will be a draft to review with your other partners, and then you may want to revise that draft to create a final.
    Any further document generation requests will incur an additional fee.
  • The Lawyer Defined™ Operating Agreement is an automated program. Paying for it does not entitle you to talk to a L4SB attorney, unless you have paid for the the ability to talk to an attorney.

Refund and Cancellation Policy

  • There are NO REFUNDS after you generate your Lawyer Defined™ Operating Agreement, although we will refund your money if you ask and you haven’t generated a document.
  • We reserve the right to amend these policies, without notice, especially when required to bring our policies into compliance with the Professional Rules of Conduct or any legal or fiduciary requirements for trust account maintenance and accounting.
  • We will cancel your order, at our discretion, if you haven’t attempted to create a Lawyer Defined™ Operating Agreement six (6) months or more from your original order.
  • If we refund your order, we will first attempt to issue you a refund using the same payment method you used to pay for your order. If that fails (i.e. because we’re beyond the deadline to do this — typically six (6) months for credit cards), we will issue a check to the name used on the payment method (i.e. if Joe ordered from us, but used Jane’s credit card, we will issue the refund to Jane).
  • If we are unable to contact you after a long period of time (as defined by New Mexico’s Uniform Unclaimed Property Act), we are legally required to follow the requirements of this Act. Specifically, this Act requires that we issue public notice in appropriate newspapers and follow a specific process in an attempt to reach you. If we fail to reach you, as required in the Act, we are required to give the funds to the State of New Mexico, less our expenses in trying to find you. If we do find you (or your estate contacts us), we will issue an appropriate refund to you (or your estate) less any services already performed (i.e. less $20 for our services related to the preparation, processing and handling of your order, and less any other services we have provided), and less our expenses performing the activities required under the Act).

Important Disclaimers

  • If you purchase the option to talk to an attorney, this option is for up to thirty (30) minutes for the time while you are building and constructing your Lawyer Defined™ Operating Agreement and doesn’t include any time beyond that. This time is for questions only, and does not include any time associated with fine-tuning, editing, making changes or otherwise revising the Lawyer Defined™ Operating Agreement.
  • While L4SB will do its best to keep the language in the Lawyer Defined™ Operating Agreement up-to-date, we do not promise that it will represent the latest legal requirements in all circumstances. Sometimes, we need law to settle or an agency to translate law into administrative code (for example, congressional changes to the tax laws may take time before the IRS changes its tax rules and regulations).

Lawyer Defined™ is a L4SB trademark for quality, maximum liability protection, security, confidential and so much more.

We wrote a very sophisticated document assembly system — an expert system — to help generate your Operating Agreement. An Operating Agreement that:

  • Takes into account the very latest legal requirements and tax code
  • Permits significant customizations (over 100)
  • Possesses granular and sophisticated options for voting, powers and control
  • Serious capabilities around dissociation and valuation
  • Comes with customized How-To Guides regarding voting and tax issues
  • And much, much more

Before the Lawyer Defined™ Operating Agreement, business owners really had only two options: To accept and use a poorly worded (and not very customized) template, or to spend thousands of dollars hiring an attorney to draft a customized Operating Agreement.

Now, the Lawyer Defined™ Operating Agreement provides the best of both worlds: A low-cost, high-quality, highly customized Operating Agreement. Only available from L4SB.

Our system has three components:

The first component asks basic questions about your LLC (i.e. the name, address, tax status, member versus manager managed, etc).

The second component then gives you the option to either accept our defaults or drill-down into different areas that are important to you.

The third component generates the documents, delivering them to you in PDF and MS Word format. We deliver both, because the PDF is generally easy to handle and print. The MS Word version, however, is a fully editable document that you (or your attorney) can modify to ensure the Operating Agreement meets all your needs.

The documents that are generated by this third component include:

  • An Instructional Overview — that explains next steps and recommended tasks.
  • The Operating Agreement itself
  • Schedule A for List of Members
  • Schedule B for List of Intellectual Property (IP) (if needed)
  • A How-To Guide regarding Voting
  • A How-To Guide regarding Taxes
  • A Corporate Resolution Template
  • A Spousal Consent Template (if appropriate)

This is a great question, and perhaps best answered with a few facts regarding law firms.

The first fact is that we law firms don’t make a lot of money creating LLC’s or selling template documents. We make our money with disputes — lawsuits to be specific. Almost 50% of L4SB’s revenue comes from lawsuits and dispute resolution matters. Another 30% comes from “transactional matters,” such as helping businesses create custom contracts, buying or selling a business, HR matters and more. The remaining 20% comes from Internet-related sales.

The second fact is that a lawsuit can cost a business anywhere from $10k to $100k in legal fees. For example, lawsuits between partners can easily cost $50k or more, and if not resolved quickly, often spells disaster for the business.

The third fact is that when a partnership dispute erupts or a LLC is sued, a well-written Operating Agreement really helps us resolve the problem, protect assets or otherwise greatly reduce the legal fees necessary to deal with such legal matters.

In short, a well-written Operating Agreement is a form of insurance for a LLC: To help maximize asset protection, minimize the costs associated with partnership disputes and more.