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Monday, July 14th
Rocket Lawyer is an online platform that provides affordable legal services to individuals and small businesses. Their services include creating legal documents like wills, contracts, and business formation documents. In addition, Rocket Lawyer offers legal plans that provide users with discounted legal services and access to attorney consultations. The company was established in 2008 and is based in San Francisco, California.
Pricing info upfront, please?
It would be more convenient if Rocket Lawyer made its pricing clear instead of requiring business owners to go through the entire incorporation question-and-answer process to discover it. During the process, you'll need to specify whether you want any add-ons, such as obtaining a federal tax ID for $59.99, a personalized corporate kit and seal for $104.99, or designating Rocket Lawyer as your registered agent for $149 per year (or $111.99 if you're a Rocket Lawyer subscriber).
Rush processing might not actually be an option
The pricing options for Rocket Lawyer's rush and standard filing services were confusing as both were priced at $70 (excluding state fees) and estimated to take 15-20 business days for processing. This made it appear that there was no option for expedited processing in the state, even though competitors offered such services. It remains unclear what the situation is with Rocket Lawyer's supposed-but-not-really rush filing service.
It takes a membership to get best pricing
Upon completing the sign-up process, you'll have the option to become a member of Rocket Lawyer's services. The membership comes with a 7-day free trial and will renew at $39.99 per month. This might be worthwhile if you plan on using Rocket Lawyer for other legal documents, want access to a network of attorneys for legal advice, or want those discounted registered agent services we mentioned. Alternatively, you can choose to proceed with company incorporation without the membership.
Sorely lacking in details
Rocket Lawyer charges non-subscribers $99.99 for their incorporation service, but they don't provide a detailed list of what is included. Additionally, they don't offer any service tiers to choose from. This lack of transparency puts them at a disadvantage compared to other company incorporation options that clearly outline their packages and pricing.
Hard to find feedback about incorporation service
Although Rocket Lawyer has a solid reputation with an "A+" rating and accreditation from the Better Business Bureau, it is difficult to find specific feedback from clients who have used the service to incorporate their business. This information isn't available on Rocket Lawyer's website or on any of the third-party sites we surveyed. Despite the positive overall rating, the lack of specific feedback makes it challenging to evaluate Rocket Lawyer's incorporation features.
Not a top pick for most clients
Ultimately, Rocket Lawyer's incorporation services fall short when compared to its competitors in terms of clarity and comprehensiveness. While the company can be a good choice for those seeking a one-stop-shop for legal documents and advice for both personal and business needs, there are better options available for incorporating a company.
Incorporation is the process of legally creating a corporate entity, which can be a separate legal entity from its owners, with its own rights and responsibilities. As a business owner, incorporation can offer you a range of benefits, including limited liability protection, tax advantages, and increased credibility. However, there are also various considerations and requirements that you need to be aware of when incorporating your business.
The first step for business owners is to decide what type of corporation to form. In general, there are two main types of corporations: C corporations and S corporations. C corporations are subject to corporate income tax, while S corporations are not taxed at the corporate level, but rather have their income and losses passed through to their shareholders to report on their personal income tax returns.
Once the type of corporation has been decided, you'll need to follow the legal requirements for incorporation, which vary depending on the state in which your corporation is formed. Some of the common requirements include filing articles of incorporation, appointing a board of directors, holding annual meetings, and maintaining corporate records.
So, once you've determined that you want to incorporate, what's next? You could jump in and try to wade through all of the requirements and paperwork on your own - or you could take advantage of a service that can do all of the heavy lifting for you, often at no cost beyond what you'll pay to file your paperwork in your state. Hmmm, do it yourself for free or have someone else do it for free? Easy choice.
When it comes to choosing a service for incorporating your company, it's crucial to get it right on the first try. The process can be complex, so it's important to keep some key factors in mind when deciding how to proceed with your business. Here are some of the criteria to consider when taking the next step:
At Top Consumer Reviews, we understand that company incorporation can be a crucial step in safeguarding your personal assets and limiting your liability as a business owner. To assist you in this process, we have assessed and ranked the most widely used incorporation services. With the help of our comprehensive reviews, we are confident that you will find the right provider to guide you through this important step.
Select any 2 Company Incorporation Services to compare them head to head