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So, you've started a business and are ready to take it to the next level - incorporation. For many this can seem a daunting task. However, there are plenty of online company incorporation services available to help you take this leap - and enable you to save $1,000 or more in legal expenses!

Incorporate Your Business Today with Legal Zoom Corporations are legal entities that have legal personalities that are separate from those of its members. This provides some benefits in terms of liability. Unfortunately, the true value of company incorporation can often only be seen when a business faces a lawsuit or bankruptcy. For example, if you operate a sole proprietorship, you, as an individual, are legally responsible for the business. In fact, your personal assets may be seized to pay off the business' debts. On the other hand, shareholders (owners) are usually not liable for the obligations of a corporation.

The tricky part comes in determining which type of corporate entity is right for you. Choices include Limited Liability Companies (LLC), S Corporations, C corporations, non-profit corporations, and professional corporations. Thankfully, the best company incorporation services provide discussions of the merits of each type of business entity, so you can determine which entity type makes the most business sense to you. Additionally, once you have made this determination, some company incorporation services will register your business with the State by filing Articles of Incorporation, Organization, and other legal forms.

When looking at different company incorporation services, there are certain factors you need to consider. Some of these include:

  • Services. What types of services are included in their fees? Does the website offer plans that meet your business needs?
  • Information Provided. Does the website provide information about the different corporate entity types? Can you use the information on the website to help you make educated business decisions?
  • Ease of Use. Can you easily navigate through the website and find the information you need?

TopConsumerReviews.com has reviewed and ranked the best company incorporation services available today. We hope this information helps you start protecting your business venture today!

Disclosure: We pay our reviewers and we are compensated for our reviews. Click here for details.

Company Incorporation Reviews

5 stars
Legal Zoom

LEGAL ZOOMTopConsumerReviews.com Best-In-Class Blue Ribbon Award

If you're looking to quickly and easily incorporate your business, then Legal Zoom is the website for you. With multiple packages to meet your company incorporation needs, an easy-to-use website, and vast quantities of information that will enable you to make informed decisions about your business ventures, Legal Zoom has earned our highest rating. Read More... Visit
Site

4.5 stars
The Company Corporation

THE COMPANY CORPORATION

The Company Corporation offers a lot of beneficial services for the price of their packages. The website is easy to navigate and very professional. Additionally, The Company Corporation offers some great information to help you make an educated decision about the type of corporation you would like to become, or whether you should incorporate at all. Read More... Visit
Site

4 stars
Rocket Lawyer

ROCKET LAWYER

Rocket Lawyer provides customers a 4 step simple process to incorporate your company. While other companies do a better job of describing the included aspects of their service, the Rocket Lawyer website is clear, simple, and user friendly. They ranked high due to their free trial option that allows someone to complete the necessary documents to incorporate their company at no cost, outside of the State filing fees. Read More... Visit
Site

3.5 stars
Corporate Creations

CORPORATE CREATIONS

Corporate Creations offers company incorporation services for corporations, LLC's, non-profit corporations, and even offshore companies. They've been providing reliable company incorporation services since 1993, and they offer a unique price-match guarantee up to 30 days after your purchase. Read More... Visit
Site

3 stars
My New Company

MY NEW COMPANY

My New Company offers company incorporation services in all 50 states. The website is simply laid out and easy to navigate with helpful resources and customer testimonies. However, this website does not seem as professional as the higher-rated selections, nor does it provide as much information about the company incorporation process. Read More... Visit
Site

2.5 stars
My Corporation

MY CORPORATION

My Corporation offers company incorporation services for general for-profit corporations, S corporations, non-profit corporations, professional corporations, and LLC's. My Corporation's website provides valuable information, but be prepared to search a little harder for your answers to a straightforward questions about their cost of services. My Corporation's rates are some of the highest we found. Read More... Visit
Site

2 stars
My Law Daddy

MY LAW DADDY

My Law Daddy offers company incorporation services to small, start-up businesses wanting to form LLC's, corporations, partnerships, and file DBA's. My Law Daddy is a simple website that is easy to navigate, but not overly impressive. Read More... Visit
Site

2 stars
Find Legal Forms

FIND LEGAL FORMS

Find Legal Forms provides all of the forms necessary to incorporate a company at a very affordable price. However, shoppers will find far less assistance in using this service and may struggle to properly complete the documents needed to legally incorporate their company. For a more user friendly, professional incorporation experience website we suggest you shop higher on our list. Read More... Visit
Site

Why Should You Incorporate Your Business?

Perhaps you've been in business for a while and feel you want to formalize your status, legally and otherwise. Perhaps your business has been local to date, but you are looking toward operating in more than one state. Maybe you are competing with larger companies in the same niche and feel a change in legal status will bump up your credibility. Or maybe you just like the sound of the syllable "Inc." after your business name.

There are myriad answers to the question, “Why should you incorporate your business." Following are just a few:

Protect Your Assets
If you've owned a sole proprietorship, you know all too well that not only does the buck stop with you relative to operations, you're also on the hot seat when it comes to financial and legal complications that may arise. If a sole proprietorship stumbles under the weight of excessive debt or is taken to court, it's the proprietor's personal as well as business assets that are at risk. A corporation is a legal entity all its own. If your company faces legal issues or cannot meets its obligations, your personal assets do not come into play.

Gain Tax Advantages
When you incorporate your business, the IRS allows you to get a tax ID number for your business, establishing its status as a separate entity relative to tax liability. In fact, a corporation files its own tax return -- paying taxes on its profits -- at a complete remove from your individual return.

Separate tax identity alone can be enough justification for some to incorporate their businesses. Keep in mind, though, that when you incorporate, you and any other owners also become shareholders. If your company distributes dividends, you must pay taxes on that dividend income when you file your personal return.

Formalize Status
When you incorporate, you must make your business known to state, and sometimes local, authorities. Regulation specifics vary by state, but nearly universally, you must file articles of incorporation with your state's Secretary of State's office. In addition, you will have to create and record by-laws. Moreover, you'll have to set up a calendar of regular shareholder meetings; the minutes from those meetings must be recorded and kept on file at your company. The shareholders are required to elect a board of directors who must also meet regularly to make important decisions about the firm. Not surprisingly, establishing a corporate structure typically requires engaging the services of a lawyer or law firm.

Make a Name (or Two) for Yourself: State and Local Recognition
One key step toward incorporation is filing a business name with state and/or local authorities. If you want to do business under more than one name, you'll also need to file one or more fictitious business name statements. For example, if your company is called Snow Corporation, and you want to sell skis under the name "Speed Plus Company," you have to submit the appropriate paperwork to the relevant authorities.

Raising Capital
Finally, incorporating your business makes it possible to raise capital by selling shares to stockholders. Relying solely on bank or personal loans or company profits for financing will be a thing of the past.

The decision to incorporate should be a deliberate one. The administrative costs alone should be enough to deter you from entering into this new status lightly. Should you decide to take the plunge, incorporating could be a crucial step in your company's journey.

 

 

 

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