The U.S. Small Business Administration Office of Advocacy reports that recent studies show that there are 30.7 million small businesses in the U.S. These small businesses employ more than 59.9 million people.
If there ever was a good time to start a business, now would be that time.
A limited liability company (LLC) can offer tax flexibility and asset protection to business owners. However, preparing and filing state-specific documentation, as well as the assistance of a registered agent service if filing in a state other than your own, can be a time-consuming process. It may also entail drafting an operating agreement, settling a bank account, and doing a thorough and accurate business name availability search. To read more about LLC formation, LLC University is a great suggested resource.
Therefore many businesses choose to hire an LLC formation service. The next step will be deciding which of the dozens of LLC formation companies is the best fit for you. While cost is crucial, it is not always the case that less is better. Other considerations to think about include a company's reputation, track record, and overall value of its offering.
Top 7 LLC formation companies
In this roundup, we review top LLC formation companies:
ZenBusiness
ZenBusiness, which was founded in 2015, has the shortest track record on this list, but it has made the most of its time by building a name for itself in a fast-growing field. ZenBusiness has fully embraced technology in order to automate the majority of its procedures and pass on the cost savings to its customers. As a result, one of the most feature-rich beginning packages available at a bargain price has emerged. ZenBusiness is the best overall LLC filing business because of its exceptional customer support, quick filing process, and 100% Accuracy Guarantee. The ZenBusiness Starter package, which costs only $49, has everything you need to form an LLC and very few features are excluded.
Incfile
Incfile has grown into an industry leader since its inception in 2004, as proven by its more than 500,000 pleased corporate customers and major industry accolades. Incfile has a lock on the best value in an LLC filing company, with a price decrease on its Silver package from $49 to $0 and excellent offerings on all of its services.
The majority of people would be skeptical of any free legal assistance. Incfile, on the other hand, will win them over with its well-equipped Silver bundle. The Silver package includes one year of free registered agent service in addition to filing articles of organization for LLC creation. Incfile will also do a name availability check to make sure your company name isn't already taken. One of Incfile's distinguishing features is its online order tracking tool that updates you on your filing progress.
Northwest Registered Agent
Northwest Registered Agent bills itself as a no-nonsense firm whose goal is to make the process of forming a business as simple as possible. To that end, the organization attempts to provide excellent customer service throughout the process, and consumer feedback indicates that it has succeeded. That is why we selected Northwest as the top LLC filing firm in terms of customer service. Northwest is one of the more experienced organizations on our list, having been founded in 1998 and having completed over two million formations. The disadvantage of Northwest is its expensive price. It only has one LLC formation package, which costs $225.
Inc Authority
One of the most established LLC filing companies on our list is Inc Authority. They've been doing it for so long that they've figured out how to provide a fully functional, standard file system for free. If all you need is basic formation services, Inc Authority is a dependable organization with a proven track record, making it our top pick for the best zero-cost LLC filing service for startups.
Rocket Lawyer
Rocket Lawyer has risen to the top of the internet service providers since its inception in 2008. For millions of people and businesses, its low-cost approach to delivering a wide range of services has democratized the legal process. Rocket Lawyer is regarded as the top LLC filing firm for full legal services because it also provides a reasonably priced LLC formation service. The legal services subscription, which includes the LLC formation service, is Rocket Lawyer's main source of revenue. A seven-day free trial of its $39.99 monthly subscription is available. You can cancel at any time if you do not wish to continue using their service. You get access to a wide range of attorney services for personal and corporate requirements as a member. You gain access to attorney consultations, a comprehensive document library, and much more along with your LLC formation.
Nationwide Incorporators
Nationwide Incorporators wants its business clients to feel like they're working with a full-service law firm. Every document receives is produced and approved by an attorney before being filed Nationwide Incorporators describes themselves as "Attorney Powered". Many small business owners can't afford to hire an attorney, so they use an online document filing service or do it themselves. Nationwide, which has been in operation since 1997, provides a satisfying medium by offering users access to an attorney at document-filing fees.
Legal Zoom
Due to their strong brand, LegalZoom has a large global following. They have great knowledge and manage a huge number of LLC formations for clients. What sets them apart is their ability to handle a large workload, having assisted over 2 million firms in getting started. They also stand out when it comes to client service. LegalZoom is unique in that it provides assistance until 10 p.m. on weekdays and 7 p.m. on weekends.
Final Thought
When it comes to forming an LLC, a service provider can save you a lot of time and money compared to doing it yourself or hiring an attorney. If you choose the correct LLC service provider for your requirements, you can find a happy medium. Pricing is crucial, but other features of the service may have value that should be examined as well.
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