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Stock Ownership of a fraction of a corporation and the right to claim a share of the corporation’s assets and profits equal to the amount of stock owned. Previous close. The last closing price. A class action accused LegalZoom of drafting a flawed estate plan. Both cases were ultimately settled in , and LegalZoom has denied all wrongdoing.

In some jurisdictions, LegalZoom has already begun taking on the role of a licensed lawyer. In the UK, its subsidiary operates under an alternative business structure that allows non-lawyer entities to become licensed providers of certain legal activities.

Despite the lawsuits it’s faced, LegalZoom has said it may consider implementing similar alternative structures in the US. Utah and Arizona recently began allowing non-lawyers to provide legal services. Another potential legal hurdle concerns the gig economy. While the gig economy accelerated small-business creation and expanded LegalZoom’s target market, recent legislation on companies’ treatment of independent contractors — like the attorneys and accountants on LegalZoom’s platform — could also expose it to employment liability.

Keep reading. For you. US Markets Loading H M S In the news. Yoonji Han. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word “in”. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link. LegalZoom, which provides services to small businesses, made its Nasdaq debut on Wednesday.

The company has faced a string of lawsuits for unauthorized practice of law. We scoured LegalZoom’s S-1 filing for everything you need to know about the company, its legal risks, and its plans for growth: LegalZoom targets the growing small-business market LegalZoom has a network of more than 1, independent attorneys and 75 in-house tax advisors.

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