Law Depot Review for March 2023 | Best LLC Formation Services

Item: Law Depot Review
Rating: 2.5
Author: Top Consumer Reviews

Sunday, March 26th

2023 LLC Formation Service Reviews

Law Depot

Cost: Free to create an LLC Operating Agreement, Articles of Incorporation

If you want to create an LLC Operating Agreement for no charge, Law Depot is your service. All you have to do is click the "Get Started" button and select your state, and you'll be shown a preview the form you're filling out.

Done in 10 minutes

From there, the "Create My Document" button will walk you through all of the typical questions needed to fill it out accurately. You'll be able to download or print your customized LLC document in 10 minutes or less.

You get what you pay for

What's the catch? There isn't one. But, you get what you pay for - which, in this case, means that you get no further direction in forming your LLC. Yes, you can wade through the FAQ for LLC Operating Agreements - where you'll find out that you also need to create Articles of Incorporation (which is also available at no charge) - but you won't get any step-by-step instructions for what to do, when, and how.

Great reputation

Law Depot does have a great reputation as an "A+" rated, accredited company with the Better Business Bureau, so we definitely have no issues with their track record. And, who doesn't love getting things for free?

Figure it out yourself

But, when it comes to an important process like creating an LLC, it's critical to get every single component completed accurately and submitted to the right places. With Law Depot, you'll have to figure most of that out on your own. Most small business owners will probably find it worth the investment - probably less than $100 - to get some personalized guidance from one of the higher-ranked LLC formation services we reviewed.

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The 15 Best LLC Formation Services

Who is the Best LLC Creation Company?

If you're self-employed, the next step in growing your business while covering your assets is probably forming an LLC. Creating an LLC is often seen as a good move for people who want to limit their liability without the cumbersome paperwork and regulations of a corporation.

No matter where your business is located, you'll typically need to register your company name and file documentation with the state, along with having accurate, complete Articles of Organization. Other requirements depend on the specific legal statutes governing businesses in your state. An online LLC Creation company can greatly help faciliate this process.

Continue reading below

What are the best LLC Formation Services

LLC Formation Service FAQ

What is an LLC?

LLC stands for "Limited Liability Company". It's one of several legally-recognized business structures in the United States.

Why would I want to form an LLC?

When you change your business from a sole proprietorship or partnership to an LLC, it helps protect your personal assets from any legal actions that might be taken against your business. In other words, you won't lose your home, automobile, or savings if your company is sued.

Why would I choose to form an LLC instead of incorporating?

Both incorporation and forming an LLC give you legal protection. LLCs are less complicated to create and maintain, and they're the most common structure for smaller businesses that don't plan to go public or to do business internationally.

Is it expensive to form an LLC?

Not necessarily. Filing fees vary by state. Also, there are a wide range of services that can help you complete the paperwork and ensure that it's done correctly. These providers' fees range from $39.99 to $799, depending on the level of service you select.

How long will it take to create my LLC?

You can complete your LLC paperwork in a matter of minutes! Some providers of LLC formation services can get your application filed that same day. From there, it depends on the turnaround time in your specific state.

Can the LLC formation process be done 100% online?

Absolutely! Some of the most reputable services take you from start-to-finish without ever having to print out a piece of paper or touch a document. However, other providers only give you access to the applicable forms, and you're on your own both to fill them out and to file them with your state.

Are LLC formation services trustworthy?

You'll find a wide range of options when looking for help in forming your LLC, and most of them have a well-established history and positive reputation. Be sure to look for customer reviews and/or a good rating from the Better Business Bureau, as extra reassurance that the service you've selected is reliable.

What if I'm not happy with the service I receive?

Fortunately, most providers of LLC formation services have some kind of satisfaction guarantee. The only caveat is that any fees paid on your behalf to a third party (e.g. state filing fees) will probably not be refunded.

Continued from above...

In the past, navigating those state-specific obligations to form an LLC was both expensive and time-consuming: finding a local lawyer with expertise in the field and paying hefty fees to get everything done correctly. Fortunately, today's small business owners have access to much more affordable options online. These services offer all of the same benefits, accuracy, and legal standing that you'd expect from working in person with an attorney. You can get as much or as little direction as you need to complete each step required for LLC formation, depending on which service you choose.

Which provider should you choose to help in forming your LLC? Not all services are the same, so when comparing what each one has to offer, keep in mind these important factors:

Reputation. How many small businesses have been served by the provider? What do former clients say about their experience in forming an LLC with them? Is the company rated and/or accredited by the Better Business Bureau?
Cost. What will you be charged to form your LLC? Are their different packages available? Are there a lot of add-on services that will increase your cost? Do you get a good value for what you pay?
Services. Does the company offer a wide range of services, or do they take a one-size-fits-all approach? Will the service give you one-on-one help if you need it? How much are you expected to do on your own?

TopConsumerReviews.com has reviewed and ranked the best LLC Formation Companies available today. We hope this information helps you create your LLC quickly and affordably!