I several questions and I hope I don't sound like a stick in the mud.

First, as I understand LLC's if a investor/shareholder is not fulfilling his promised service, you cannot kick him/her out, they would have to be bought out, especially since they would be investing their capital into the LLC.  Even if members of the LLC elect to cut off their orders, they would still be entitled to profits from the LLC.  Also every member would have to report income and expenses of the LLC on their personal income tax.

Second, who will do the invoicing?  The LLC or the individual abstractors?  If the LLC, won't you have to have an office staff, office space, computers, printers, fax machines, supplies and hire someone to run the office as well as pay the marketers, checking account, etc...  I would assume that would run tens of thousands of dollars of investments since there would be no income into the LLC for at least 3 or 4 months.  I would believe the LLC would have to do the invoice to be assured of their cut of the abstract fee to keep it functional.

Third, with national title companies paying more in some counties (rural) and less in the metro areas, and again different amounts in different areas of the country, how would they be interested in raising the metro area prices or the different area of the country prices to match the rural county prices or would the rural county abstractors have to lower their prices?  Prices range here from $45 to $150 for current owner searches.  Or would the LLC just concentrate on the metro areas and leave out the rural areas?

Fourth, wouldn't this LLC pretty much be a vendor management company?  Then would the LLC have to review the searches prior to the client receiving them?  Wouldn't the LLC need to carry it's own E and O policy as well?

Fifth, who would run it?  Yes the members/shareholders would have a vote, but you would need a president, vp etc...Someone to oversee the day to day operations.

No discouragement is meant here, I just had some questions.