Mark Kohler warns that DIY partnership LLCs are a lawsuit waiting to happen. Single-member LLCs might work solo, but partnerships need a lawyer to handle the disputes and complexities that will otherwise destroy the business.
Over on my YouTube, I did a video recently on doing a DIY LLC versus using a lawyer. And I get it, there are some times and arguments where, hey, a business owner that's got some good experience, they've set up LLCs or corporations before, just knocking out a simple LLC on their own, I can understand those instances. But I'll tell you right here and now, if you are going into a partnership, there is no way on God's green earth you should be doing this yourself. Did that make sense? Yeah, that was pretty clear. That was pretty clear. Because there's so many issues. What you use when you're doing a partnership, a DIY partnership LLC is a lawsuit waiting to happen.
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