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LegalZoom was a nominee for the American Bar Association's 2005 Louis M. Brown Award. [18] In 2011, Business Insider ranked LegalZoom 27th on its list of the world's most valuable startups, [19] and in 2012, Fast Company ranked LegalZoom 26th on its list of the most innovative companies. [20]
LegalZoom fell short of expectations for several key metrics, including average revenue per subscriber, average order value, and the number of new business formations.
LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]
In March 2001, Lee, along with Robert Shapiro, Brian P. Y. Liu, and Edward R. Hartman co-founded and launched Legalzoom.com, an online legal technology and services company. [ 5 ] [ 6 ] [ 7 ] In May 2009, Lee, Kim Kardashian , Robert Shapiro, and MJ Eng co-founded and launched ShoeDazzle.com, an online fashion subscription service.
Celebrity Attorney Robert Shapiro's company LegalZoom sells legal documents such as wills, living trusts and even divorce papers online. The problem, says the Washington Attorney General, is that ...
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