I asked them to review LLC / joint venture (JV) paperwork I had already used many times in other states and make it so I could have it secured against a property in Florida via Memo of Agreement, where I was using both sets of paperwork for the first time.
It looked like they just took the names and numbers from my JV paperwork and tried to insert that information into their 'boilerplate' JV and Memo of Agreements. Unfortunately, their JV paperwork and Memo of Agreement was structured totally different than what I gave them, which changed the agreement between the venturors so much that it missed the point of what it was trying to accomplish from the beginning.
Not only that, they didn't even 'copy and paste' the names correctly. They had a name of the person in the JV paperwork that I didn't even know that was going to be a 50% venturor!!
Also, the amount of money being invested was different in JV paperwork and the Memo of Agreement.
The documents were so far 'off' from what the intention was that I couldn't even use them and I felt they couldn't be edited to be corrected. They charged me $1250 for their work that in my estimation should have taken an attorney (or assistant) no more than 2-3 hours total. I asked for some kind of discount b/c I didn't even use what they sent me (and I thought the amount was high to begin with). $50 off was offered.
On the positive side, their attempt to complete the work was done quickly, which is why I gave them a 2 star rating vs a 1 star rating. So at least I had time to scramble to find another way to get what I was trying to accomplish done. read more