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Originally Posted by Randomonium
Forming a Nevada Corporation ~$700
Cost of meeting to choose Members & Managers ~$300
Filing & Updating 2257 records ~$????
Finding someone willing to be your Custodian of Records for $1,900 per year - Priceless
What are you paying your Custodian of Records in that model? Do they have a percentage of your business?
$7/hour x 20 hours/week =$560/month. That works out to at least $6,720 per year already.
Thoughts?
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Around $1,900.00 a year, it's part of the duties required as a Manager. Hey, I don't set the prices, they do...lol And I have a way to get those records to the Custodian in as little as a few minutes when they need to be updated.
So let's say there is a required meeting of Managers every week or so to satisfy the obligations of all parties in the LLC. Those meeting days just so happen to fall on days I do updates to a site. It takes but a few minutes for the Manager/Custodian to update the records, and that can be done during the meeting.