According to a report by the US Small Business Administration Office of Advocacy, 2020 saw historic declines in regard to self-employment and proprietors’ income. However, both of these crucial small business indicators swiftly recovered by early 2021. The report also indicated that the total number of establishment openings had, to some extent, surpassed that of the total establishment closures by the culmination of 2020.
Limited Liability Companies are one of the most popular types of business entities for new small businesses; they are instrumental in protecting the assets of the owner and holding the potential to lower the owner’s tax liability. When opening an LLC, it is possible for business owners to file their paperwork independently. However, many owners choose to have an LLC filing company to ensure that the process is completed with 100% accuracy.
If you are looking at outsourcing, focus on a company with a combination of different offerings for your business. Look for a company with a credible track record that provides packages that will suit your budget. Here is a list of top LLC filing companies that can help get your business running in no time.
Top 3 Tech Business Formation Companies
LegalZoom has millions of customers and extensive experience in the field of opening up LLCs as the company has been running for decades. LegalZoom also offers a 100% money-back satisfaction guarantee that can be leveraged at any time as long as it falls within 60 days of purchase. This means that customers get two whole months in which they can change their mind if they are at all dissatisfied with the company. LegalZoom also provides a variety of other business services as well such as annual report filing.
The company does, however, fall short in that its pricing is higher in comparison to cheaper LLC services. The ordering process also includes an endless amount of attempts to upsell products; customers, therefore, need to be wary when deciding on which option to click. If you would like to know more, BestLLCServices.Com provides in-depth Legalzoom reviews.
ZenBusiness is a Texas-based company whose services have helped form over 200,000 businesses. Founded in 2015, the company has tons of positive reviews. The company is known for their affordable LLC services; they also do an excellent job at making the process of forming an LLC interesting. The company also offers to take care of customers’ annual report filing as well as ongoing LLC maintenance when customers opt for their Pro package. The company is also socially conscious in that they focus on growing and giving back. Their partnership with KIVA.org helps lift people out of poverty by providing financial lending to help women-and minority-owned businesses get started.
The drawbacks of ZenBusiness are that the company does not have as many years of experience as LegalZoom; for instance, their turnaround time is also somewhat slower than those advertised by other LL formation services.
For those that are working on a tight budget, IncFile provides a free formation LLC service to businesses. The company, which was founded in 2004, has a considerable amount of experience in the field of LLC formation. The company provides businesses with an entire year of registered agent service, which is excellent since this is a requirement for all LLCs in the US. The company also provides users with a lifetime of company alerts that will send emails if there is an upcoming deadline for annual reports or business licenses, amongst other things.
One of the cons associated with IncFile is that even though the service is free for the most part, you might end up with possibly higher overall costs as a result of upsells. The company has also shown some inconsistency with regards to their phone support and emailed customer queries.
If you are looking to register a new LLC, you do have the option of conducting the filing process on your own. However, if you want to guarantee efficiency and simplify the process, outsourcing the help from a 3rd party LLC filing company is worth the investment. While the above three recommendations will provide users with quality service, owners are encouraged to conduct further research as their individual needs will strongly impact the best choice for a service provider.