Companies with complex compliance needs may find it helpful to outsource compliance tasks to a service like Harbor Compliance. The company provides easy-to-use compliance software to keep your business documents organized. However, if you’re not interested in self-service, there are also trained specialists on deck who offer manual assistance. Note that MyCompanyWorks only handles LLC and corporation filings, so nonprofits will need to use another company that offers nonprofit filing services.
- You’ll also have to budget for ongoing filing fees to stay compliant with your state.
- Pricing is based on the state you’re forming a business in and may be as low as $99 plus state filing fees.
- Be sure to get legal, tax or professional advice for your individual situation.
- The exact rules for who can be a registered agent and the responsibilities of a registered agent vary based on your location.
- If you start the process but pause, a team member will email you to ask if you need assistance finishing the process.
- If you finance the business with your own funds or with credit cards, you have to pay the debt on the credit cards and you’ve lost a chunk of your wealth if the business fails.
Provides Convenient Assistance
A sole proprietorship is the simplest structure and is made up of one person who retains total control of the business. You’re automatically a sole proprietor once you start doing business, unless you register as another entity. The Platinum package, at $304, also offers business contract templates, expedited delivery via FedEx, and a domain name and business email.
Company Formation Services
You’ll file articles of incorporation (or a similar document) with your state, and bylaws will be required. Corporations require a board of directors, though in many states only one or two directors are required. Quickly compare options to grow your business and build a solid foundation, with personalized recommendations along the way. A closely held corporation, or a close corporation, is similar to a B corp but it has a less formal corporate structure. It cannot trade public shares, and there’s a limit to the number of shareholders the company can have.
How Much Does an LLC Service Cost?
Bizee includes one free year of registered agent services if you use them to form your starting a small business business. This is an excellent opportunity to understand the benefits of working with a registered agent. The free LLC formation service from Inc Authority includes an LLC name search, preparation and filing of your LLC documents, optional S-Form election, and digital delivery of your documents. You’ll also have access to Inc Authority’s support team via phone or email.
“Although completing the form to register an LLC might seem easy, having an LLC formation company handle this and other formalities for you can provide a lot of protection. There are lots of mistakes you can make in completing your forms and to correct them you’ll have to file more paperwork and pay more fees. Though it appears to tips for holding your nonprofits first board meeting be run by a very small team and has fewer reviews than better-established competitors, BetterLegal has a decent reputation as an LLC formation service. Most customers find the service and process simple to use and follow.
Why Choose Our Company Registration Services?
To get more features, such net income explained as a free EIN and business address, you’ll need to upgrade to the Sprinter package for $100 plus state fee or the Finisher package for $250 plus state fee. Rocket Lawyer is a comprehensive resource for anyone wanting to form a new LLC. I found it helpful for establishing a new business and easy to keep up with compliance and handle tax obligations. Rocket Lawyer also offered me registered agent services and an EIN for an additional fee. When you form a business, you put in place a legal structure for your company. The type of business you create determines things like how you’ll register your business, how much personal liability you have as the owner, and how you’ll pay taxes.
This means your LLC could be sued and you wouldn’t have any way to know it, possibly leaving you in default so you lose just by not showing up. If your LLC formation company handles annual reports or notifies you when they are due, it helps you avoid another big mistake. If you miss filing your annual report on time you at the least face fines and could face dissolution of your LLC. An LLC formation company makes sure you complete your papers correctly.