I'm planning to file a Delaware LLC for a partnership where I'm the majority owner of our self-funded startup.
One key goal for me is to incorporate a vesting option among owners where equity is a reflection of capital, time, and execution put into the product. I've already reached out to another lawyer and below are estimates that I was given:
My concern is that the lawyer is complicating this in the interest of ensuring protection of the majority owner (me).
From your experience, are all these documents necessary and at the costs suggested?
LLC Equity Founders Agreement Delaware Vesting
I don't think they're necessary at these prices. In fact, I have formed some successful companies doing this paperwork myself with no problem.
You may be able to get the certificate of formation and/or LLC agreement from the State of Delaware. You should be able to find a good subscription documents, equity restriction agreement, inventions agreement, and promissory note from the internet.
It is sometimes possible to copy these from another company's filings and modify them to fit your own situation.
There are some pitfalls to doing it yourself. Probably it would never make a difference, but there is a very small chance it could be important in a lawsuit if you made a serious mistake.
A middle course would be to write all these up yourself and take them to a lawyer for review. It should be cheaper, and the lawyer can point out any glaring mistakes or omissions.