Best LLC Formation Company: Everything You Need to Know
Knowing the best LLC formation company is important if you want to use an outside company to help you form your LLC. Even if you are unfamiliar with how to form an LLC, such companies provide you with the information you need in order to know what steps are necessary for forming your LLC.3 min read
1.1. IncFile1.2. CorpNet1.3. MyCompanyWorks1.4. BizFilings1.5. MyCorporation
Knowing the best LLC formation company is important if you want to use an outside company to help you form your LLC. Even if you are unfamiliar with how to form an LLC, such companies provide you with the information you need in order to know what steps are necessary for forming your LLC.
Furthermore, if you have any issues or questions regarding your business formation, you can reach out to the LLC formation company that you are using to obtain information regarding important deadlines and other applicable fees you might owe in order to form your LLC.
Advantages of a Corporation
There are several LLC formation company options to choose when forming your LLC, some of which are cheaper and more favorable than others. Keep in mind that these companies don’t do the work for you, but rather provide you with the information you need to help you easily form your business. While these companies don’t form your business for you, they do some of the work by offering registered agent services. They also can obtain an Employer Identification Number (EIN) on your behalf after you’ve formed your business. Some of the companies that offer such services include:
IncFile is a formation company that provides its services to customers wanting to form a business. Its base rate is $49, but this fee can increase depending on the type of business structure you want and the complexity of the business formation. IncFile was established in 2004 in Houston, Texas and has served over 150,000 businesses since its inception.
IncFile provides one year of registered agent service, a one-hour free tax consultation, and a number of other benefits. IncFile also provides what is known as a gold package, which is an LLC service bundle costing approximately $149. This package provides you with your LLC formation, registered agent, and an Employer Identification Number (EIN). Most states require these three things in order to form your business.
CorpNet was established in 1997 by a husband and wife duo and has served over 100,000 businesses. It offers a combination package at $228, which includes business formation, registered agent service, and an EIN. The company offers a 100% satisfaction guarantee. It also offers between 60 days and one year of registered agent service for lower-tier packages. You can use this company to register a DBA, file annual reports, and submit a trademark request.
MyCompanyWorks was established in 2001 and has provided its services to over 50,000 businesses. With a base rate of $79, the company offers a Startup Wizard checklist, which provides you with information regarding the business formation process so that you don’t miss any necessary steps. The company also offers a 100% money-back guarantee if you aren’t happy with its services. MyCompanyWorks, unfortunately, doesn’t offer a livechat option or weekend support.
BizFilings is another popular choice. This company was formed in 1996 and offers a variety of options. In fact, even if you aren’t a customer of BizFilings, you can still use its business name search check database at no cost to see if the company name you want is available to you. Another great feature of this company’s services is the fact that it offers six months of registered agent services for free with any package you choose.
The company also has a Toolkit, which provides informational guides on the formation of your business, along with ongoing compliance and tax requirements. The basic formation package also includes a company alert tool so you can remain on top of deadlines, along with a library of sample forms for you to look at when drafting your documents. You can also use this company to file a DBA, apply for licensing, and even dissolve your business.
MyCorporation has been in business since 1995 and has assisted over one million customers since its inception. While most formation companies don’t offer an annual reporting service, MyCorporation offers this service for a period of 12 months with most of its LLC formation packages. One of the packages you can choose offers automatic reminders of important filing dates, while also offering unemployment insurance and income tax withholding services.
If you need help learning more about the different LLC formation companies or forming your LLC, you can post your legal need on UpCounsel’s marketplace. UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb.