I'm forming an LLC in the state of Texas that will run an affiliate marketing blog, starting with book reviews. I need to know if these legal fees are reasonable. Here are the services I'm being offered by a local small business lawyer. The lawyer advised that if an LLC is misfiled then in a court case it will be reclassified as sole proprietorship.
service 1) Formation of LLC, 870 dollars total. (includes 300 dollar filing fee)
service 2) Drafting a Content Contributor Agreement for 330 dollars.
Recommended service 1) Assumed Name Certificate, 150 dollars
Recommended service 2) Representing Registered Agent 200 dollars per year.
CC Agreement:
Contributors earn up front credit for submitting content. The company will pay for the editting of the content. All affiliate revenue goes back to the company to cover the cost of content submission and editing. Affiliate revenue is then split, 25 % to the LLC, 25 % to all contributors, and 50 % to the specific contributor, up until service agreement is broken. LLC retains rights to submitted content.
Payment will be made to contributors in increments of 50 dollars, and after a period of time for that amount of money to sit. This makes handling the books way easier, and gives income a chance to be revoked in case of product refunds.
Adult, and negative content forbidden. All content reviewed before publishing. Content scheduled for a publication date by the LLC.
My wife and I agreed I could work with 10K USD for this. I'm electing to use at least the Amazon Affiliate program. Neither of us are quitting our day job, but I'm really passionate about this idea!!!
I'd appreciate any and all advice for this!
edit - tried adjusting this like that bot suggested..
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