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LLC formation is a common way for small business owners to limit their personal liability while operating their company. A Limited Liability Company (LLC) is a hybrid business entity that combines the pass-through taxation of a partnership or sole proprietorship with the liability protection of a corporation. LLCs are a popular structure for many small businesses because they offer many of the benefits of a corporation without the same level of complexity and formality.
Forming an LLC typically involves filing articles of organization with the state in which the business will operate. Your specific process and requirements for forming an LLC may vary depending on the state where you're doing business, but it generally requires selecting a unique business name, designating a registered agent, and paying a fee. Some states may have additional requirements such as issuing an operating agreement or publishing a notice of formation in a local newspaper.
Wednesday, June 7th
Without a doubt, Incfile stands out as the most comprehensive and cost-effective LLC formation service currently available. Even their most economical package offers exceptional benefits, including a full year of registered agent service and next-day business filing. Additionally, tens of thousands of clients give this company a perfect five-star rating. For creating your LLC, we highly recommend Incfile as our top pick.
Inc Authority lets you create your LLC for $0, without any temporary trial or subscription requirements. With over 30 years of experience helping 130,000+ clients and earning thousands of 5-star reviews, this service delivers exceptional support at each stage of the process required to establish your business. While some of their additional features may be available for a lower cost through other providers, Inc Authority is budget-friendly and accurate, one of our favorite options for LLC creation today.
At My Company Works, their commitment to supporting your business extends beyond the LLC formation process. We strongly endorse their Startup Wizard tool, which assists you in fulfilling legal requirements following the establishment of your LLC. Not only has this provider dropped its prices since our last evaluation, My Company Works also provides a 100% satisfaction guarantee, making them one of our top picks for businesses seeking to create an LLC.
Affordable, dependable, guaranteed to be error-free: that's what you'll get and more when you choose FileNow for your LLC formation assistance. There are just two packages, priced at $49 and $199, and each one comes with many services that are considered "extras" elsewhere. You'll have a hard time finding a client who wouldn't enthusiastically recommend FileNow to create your LLC.
CorpNet takes a customer-centric approach to LLC formation, earning hundreds of five-star reviews from happy business owners. With a 100% satisfaction guarantee within the initial 60 days and highly responsive, well-informed representatives, CorpNet's dedication to customer satisfaction is noteworthy. Although they may not always offer the lowest prices, you can rely on CorpNet to provide transparent pricing and clear details on their services - which include 60 days to one year of free registered agent services. This is a trustworthy way to create your LLC, even if you have to spend a little extra.
Swyft Filings provides LLC formation services, specializing in helping entrepreneurs and small business owners start and grow their businesses. This company is known for its easy-to-use online platform, competitive pricing, and excellent customer service, earning thousands of five-star ratings from enthusiastic clients. Just watch out for services that get included during sign-up: you'll need to check (or uncheck) several boxes if you want to avoid auto-renewing charges.
Business Rocket is one of the newest options on our list of LLC formation services, but that hasn't kept them from earning almost 1000 4- and 5-star reviews from happy clients. You've got a couple of package options here, starting at just $49, and you'll even get the first year of registered agent services at no extra cost. We're a little hesitant to give Business Rocket our full recommendation - there's no rating at the BBB and not much info about the company itself, including a noticeable lack of a satisfaction guarantee - but we're encouraged enough by the client ratings to put it on your radar for a look.
MyCorporation gives you four LLC formation packages to consider, plus plenty of add-ons you can select if your business needs them. While hundreds of clients have given this service a 4- or 5-star rating, you'll want to watch out for packages that include auto-renewing services, and be sure to cancel those in writing at least 30 days in advance of the renewal date.
Nolo has made several improvements to their LLC formation services over the years, now offering three tiers of service that are more competitive with other platforms on the market. An "A+" rating and accreditation from the BBB mean that you've got nothing to worry about with this company in general, but feedback specific to customer experiences with the LLC creation process is needed before Nolo can move higher in our rankings.
BizFilings aims to be your reliable ally not only during the LLC creation process but also in future years. Founded by entrepreneurs who comprehend the requirements of small enterprises, this LLC formation service promises transparency in pricing and guaranteed accuracy. But, some clients aren't happy when they realize that their three months of free registered agent service renews automatically, and that they could have created their LLC for a lot less money somewhere else.
Rocket Lawyer is a multi-purpose legal service, giving consumers access to a wide range of legal documents for personal and business reasons. Full access requires a monthly membership at $39.99, but you can pay a one-time fee of $99.99 to create your LLC if you'd rather not subscribe. Rocket Lawyer's LLC services aren't as clear-cut or robust as its rivals, especially the ones who specialize strictly in business formation. This isn't a terrible option, but we suggest looking at rival platforms before choosing Rocket Lawyer to create your LLC.
Harbor Compliance has been working with businesses since 2012, helping with all kinds of formation and compliance needs. Since our last review, they've dropped their pricing significantly and no longer require clients to sign up for robust (and expensive) packages. Unfortunately, clients are satisfied or disgruntled in equal measure here, and we're not sure you'll get the value you're looking for even at the new, lower price point. Check out the higher-rated options for LLC formation first.
LegalZoom offers access to a wide array of legal documents and services, from DIY LLC formation at no cost (other than state filing fees) to comprehensive business consultations with practicing attorneys. While you might be tempted to give LegalZoom a try when you see its "A+" rating from the BBB and overall positive reputation, the feedback from clients who used this service to create an LLC is concerning to say the least. LegalZoom has fallen in our rankings and is no longer a platform we recommend for LLC formation services.
If you have prior knowledge on LLC formation and only require the necessary documents, FindLegalForms may prove beneficial. It is a cost-effective alternative to other services, and you can download all relevant LLC formation documents immediately. However, it is important to note that this service does not provide any guidance during the formation process. As a small business owner, you may prefer a service that offers more assistance instead of just a set of forms to complete.
There are many services that can help with LLC formation for small businesses. Many of these services offer a range of options for businesses at various price points, from basic do-it-yourself kits to more comprehensive packages that may include assistance with obtaining tax identification numbers, preparing and filing annual reports, and ongoing compliance support.
Which of these services should you choose? You want to get it right the first time, and forming an LLC can be complicated. Here are some of the most important criteria you should keep in mind as you choose how to take that next step for your business:
Because forming an LLC can be an important step to protect your personal assets and limit your liability as a business owner, Top Consumer Reviews has evaluated and ranked today's most popular services. We're confident that our comprehensive reviews will help you choose the right provider to help you navigate the process.
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Tue, 06 Jun 2023