Where to start when forming any new business, whether it’s an LLC (Limited Liability Company) or Corporation, can be a confusing and time-consuming process, especially when there are various documents and paperwork to fill out and a limited cash flow. There are various third-party formation services available to alleviate Dun & Bradstreet South Asia Middle East the confusion and complexity of forming a business – these are explored in more detail below.
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Five Best Business Formation Services
1. BizFilings
BizFilings was founded by entrepreneurs in 1996, they offer formation services for 10 business types, including a wide variety of free business resources and tools like the Incorporation Wizard, which assists in deciding what the right business type is to start with, the Business Name Check checks if the business name is available in the state, and the Business License Wizard checks what licenses or permits the business needs.
Pricing for formation packages starts at $99 (including state fees), but varies according to the state the business is in. All the packages include verifications for business names, preparation and filing of documents, and BizComply, which is a Business Monitoring Tool, it also includes a document library access.
2. Incfile
Incfile was founded in 2004 by a team of entrepreneurs and offers formation services for LLCs, S Corporations, C Corporations, and Nonprofits. They offer additional services like Company Changes, Compliance, IRS Filings, and Registered Agent Services. Their Learning Center provides extensive resources that cover how to start a business with startup guides and tools, a business type quiz, and what to do after business formation.
Incfile pricing starts at $0 and only requires state fees, however packages will vary in price depending on the state the business is in. Some of the features included in all packages are as follows: a free registered agent for the first year, lifetime customer support, incorporation documents accessible online, order tracking, and free tax consultation for the business.
3. LegalZoom
Founded in 1999, LegalZoom is a widely-used service, they have assisted over 2 million businesses. They offer formation services for LLCs, Corporations, Nonprofits, Sole Proprietorships, as well as how to set up a DBA (Doing Business As) and EIN (Employer Identification Number). Additionally, they offer legal services for anyone who needs an attorney.
Pricing for packages start at $79, with additional filing fees and other inclusions that will determine the overall price of the package. Clients need to fill in a questionnaire to determine what’s needed for their business formation, and all documents will be filed with the state by LegalZoom.
4. Rocket Lawyer
Having served 20 million business owners, Rocket Lawyer is a recommended service for any business that needs continuous legal advice for their business after the formation process. They offer formation services for LLCs, S-Corps, C-Corps, Sole Proprietorships and more. Beyond these services they assist with creating various legal documents and offer RocketSign, which enables users to sign and store documents online.
Rocket Lawyer offers a 7-day free trial, after which a membership costs $39.99 per month. Premium members will receive free attorney services, document filing and creating, as well as Registered Agents services. The above services will vary in price for non-members, for example incorporation state filing will cost $99.99 excluding state fees.
5. ZenBusiness
ZenBusiness was founded in 2015, and as a small business they aim to assist other entrepreneurs (LLCs and Corporations) in the business formation process.
Pricing for packages start at $39 (Basic), which includes Business Filing Services, a Registered Agent, and Operating Agreement. The Pro option costs $149, and includes Expedited Filing Services, EIN (Employer Identification Number), and ‘Worry Free’ Compliance. The Premium option costs $249 with faster filing services, a Domain Name, as well as Business Website and Email address.
Summary
New business owners can visit TRUiC’s website to find more information about business incorporation services, as well as the advantages and disadvantages to assist with the decision-making process.