Two friends and I have run a website for a year or so and now we are about to add in our premium model so we can start bringing in some money. I have been advised that we should register an LLC prior to rolling out our premium model in order to lay things out so we don't have issues later on. I understand that with an LLC we need to lay out ownership stake for each member, however, at the present time I am the only person that has invested any money. How does one handle a situation like this? By no means would we be where we are if it was just me so I cannot rightfully give them no portion of this.
Also, after speaking to a lawyer friend, he is recommending I not register this myself because it will be complicated and I should in turn hire a lawyer to do it. Is this true?