(Newswire.net — September 5, 2020) — Don’t have the budget to hire an attorney for your LLC? Are you not comfortable filing the paperwork for your business structure on your own? There are third-party online incorporation services that handle the entire business formation process that will help you focus on starting your business on a low budget.
By the end of this article, you will be able to choose the right business formation for you and your company.
Why is LLC so popular?
Personal Liability Protection
Like shareholders of a corporation, LLC members are not liable for LLC debts and obligations. They receive the same personal liability protection as shareholders of a corporation.
Pass-through tax treatment
LLC income is only taxed once at the individual level.
Ownership not restricted
An LLC may have unlimited numbers of owners, unlike an S Corporation where ownership is restricted to a maximum of 100 shareholders. According to a 2017 economy report of the National Association of Small Businesses, most small businesses surveyed are LLCs at 35% followed by S-corporations at 33%. Sole proprietorships are at a low 12%.
The best LLC services for your business?
A look into this article will help you make the best choice for your business. Whether you’re looking for a small LLC or a top-of-the-range, this article will give an insight into the best LLC services out there.
ZenBusiness
They’re at the top of the best LLC services ranked. The reason for this? They use straightforward business formation packages; they are knowledgeable and responsive to clients. ZenBusiness have highly affordable agent services and an easy online user dashboard with a personal ZenBusiness login.
What business formation services do ZenBusiness provides?
o LLC, Partnership, corporation – filing Articles of Organization
o Compliance through annual report notifications
o Drafting of operating agreement
o Best tax filing information and advice
Rocket Lawyer
If you’re a small-business owner interested in online legal services and advice, Rocket Lawyer is the best LLC service provider for you. Rocket Lawyer has a subscription-based model, which gives legal help and advice to premium members.
Rocket Lawyer includes free incorporation services and has been a registered agent for a year. They use legal services such as simple-to-use documents and contracts, quick answers to legal questions, and consultations with business lawyers.
MyCompanyWorks
MyCompanyWorks is an interesting option for people who want to use small incorporation services. They have a startup wizard to help organize after formation.
Having been open for over 20 years forming different business structures and remaining a respected incorporation service for all businesses, the BizFilings feature includes a 6-month limit of free registered agent service, extensive document library access, and a compliance monitoring tool.
Northwest
Northwest has the lowest price available while still getting quality basic business formation services. While they don’t offer nearly as many features as some of the other companies, Northwest includes one full year of free registered agent services, industry-leading customer support and they have plenty of experience while providing a personal touch.
IncFile
Incfile is among the best LLC services out there, they offer 1 free year registered agent service; a real-time order tracking, and free shipping along with an online dashboard of compliance tools.
Incfile’s LLC formation services are similar to those of ZenBusiness offering registered agent services, operating agreements, and obtaining an EIN.
Pros and Cons of using an incorporation service?
Don’t know anything about the legal aspects of registering a business? No need to worry, your business incorporation service handles all the paperwork.
They will keep you notified in the future of any legal requirements needed and there’s no need to get directly involved in the process.
The only downside is the lack of personalization like with an attorney. At the end of the day, it’s up to you to choose which LLC service is right for your business. This list is simply to make the choice easier.