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      April 7, 2020

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Incfile vs Legal Zoom

Best Company Incorporation Services

To help you find the Best Company Incorporation, TopConsumerReviews.com provides you with an in-depth comparison of Incfile and Legal Zoom.

To see ALL of our reviews for the Best Company Incorporation, please Click Here

Who has the best Company Incorporation Service? Are you a small business owner looking to protect yourself by separating your business from your personal assets? Or maybe you're a freelancer who wants to grow from a sole proprietorship to an agency, and you'd like to have the legal and brand benefits that come from adding "Inc." to your business' name?

Company Incorporation is a common strategy used in these situations - and many others - as business owners seek to take the next steps in growing their brand and protecting their assets. Setting up your business as a corporation can provide many benefits through creating a legal entity that is separate from its members: in other words, you can't be held legally responsible as an individual for the debts of your business.

Continue reading below reviews

Best Reviews

2020

Company Incorporation Reviews

5 stars
Incfile

INCFILE

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Cost:

From $49 to $299, depending on package selected

TopConsumerReviews.com Best-In-Class Blue Ribbon Award Since 2004, Incfile has completed more than 150,000 company formations. They have an excellent reputation, both as an "A+" rated business with the BBB and a nearly perfect five-star average over more than 3,000 independently-verified customer reviews. Their company incorporation services are the most affordable on the market, while still including an amazing number of perks even at the lowest price point.

Consider all that you get through this provider. First, all of Incfile's incorporation services include the following, called the Silver Package (available for $49):

  • Lifetime customer support via phone and/or email
  • First year of registered agent service (then $99/year thereafter)
  • Online access to all incorporation documents
  • Unlimited name availability searches
  • Preparation/filing of Articles of Incorporation
  • IRS Form 2553 preparation
  • Statement and Resignation of the Incorporator
  • Activation of Google AdWords
  • Next business day processing
  • Lifetime company alerts

If you upgrade to their Gold Package, priced at $149, you'll also get:

  • Employer Identification Number (EIN)
  • Corporation Bylaws
  • Corporation Organizational Meeting Minutes
  • Banking Resolution
  • Customized corporate kit: 20 personalized stock certificates, stock transfer ledger, embossing seal, professional binder in a matching slip case
  • Free express shipping with tracking number

Finally, at the $299 Platinum Package, you receive all of the benefits of the Silver and Gold tiers, with these add-ons:

  • Business contract templates
  • Business website and domain name
  • Expedited, one business day state filing time

We love how clearly Incfile shows you what you'll pay: no hidden costs and no surprises. This applies to their own fees as well as what you'll pay to your state of incorporation. Some sites keep that information in small print, but Incfile wants to make sure you know exactly what your company incorporation will cost.

Incfile also makes it crystal clear what to expect for your state's ongoing compliance requirements, listed directly below the three package descriptions. You'll see at a glance how often you need to submit a report (annually, in most cases), your anticipated due date, your filing fees, and any other important information.

If you have any questions during or after your company incorporation, you'll have an easy time getting the help you need. Because incorporation is the only service Incfile offers, and most of their staff has worked there since the company's start in 2003, their representatives are extremely knowledgeable about every step of the process. You can reach them from 9A-7P CST at their toll-free number, Monday through Friday, as well as via email. Customers have reported that their responses have been very helpful and specific to the situation (as opposed to the form/template-type emails often sent out by other companies). Incfile does say that the very fastest way to get a prompt response to any question is through the messaging tool at the bottom right of each page on their website.

When it's time to incorporate your company, Incfile should be your first choice. Their fees are extremely affordable, while still providing full-featured service. And, with thousands of satisfied customers, Incfile has proven that they deliver what they promise. They earn our highest rateing for the best company incorporation service.

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3.5 stars
Legal Zoom

LEGAL ZOOM

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Cost:

Packages range from $149 to $369

First created in 1999, LegalZoom has served nearly four million customers across a broad spectrum of industries, through their self-guided legal services. Documents are available for topics like Intellectual Property, Wills & Trusts, and, of course, Business Formation.

We like LegalZoom's Satisfaction Guarantee: within 60 days of your purchase, you can contact this provider to request a full refund of any fees paid directly to them (in other words, you can't get a refund of any fees paid for filing with local governments or to any other third parties).

But, with respect to incorporating your company, you're probably going to find costs are substantially higher with LegalZoom. Let's take a look at their three packages:

  • Economy: the most basic package costs $149 (compared with other reputable services that cost $100 or less). In this package, you'll get a preliminary business name check, the filing of your Articles of Incorporation, personalized bylaws, resolutions of the first Board of Directors meeting, and LegalZoom's $50,000 Peace of Mind Guarantee.
  • Standard: the middle-tier package costs $239. In addition to the Economy package features, you'll also get a Corporate Kit (stock certificates, binder, official seal). You may not think that one feature is worth the extra $90.
  • Express Gold: LegalZoom's top package is priced at $369. You'll get all of the features of the first two levels, along with priority rush service, two-day delivery on your final package, and discounted/expedited Federal Tax ID and S-Corp elections. This is the only package that includes a 30-day trial of LegalZoom's Business Advisory plan (regularly $39.99/month) that gives you 30-minute attorney consultations for new legal issues, contract/document reviews up to 10 pages, and an annual business evaluation.

For all three packages, you can choose among a number of optional services. One of the most common - and important - is the Registered Agent Service. Many of the company incorporation services we reviewed include it for free during the first year, while others may charge $99 per year. LegalZoom's fees are $159 per year, and they are not included even with the highest package level.

On the one hand, clients report fairly fast turnaround times with LegalZoom's filing process and receiving your company incorporation documents at the end of the process. They also like how easy it is to complete the process from start to finish; even the least computer-savvy individuals report being able to get their business created easily with help from LegalZoom.

On the other hand, LegalZoom's company incorporation is significantly higher than many of the services we reviewed. And, because they're a company that serves thousands of customers, some people have commented that getting someone to help them has taken longer than they anticipated.

In general, LegalZoom is trustworthy, accurate, and quick when it comes to processing your company incorporation - just be prepared that you'll pay more for the packages they offer and for the add-ons that are often included at no extra cost with other services.

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Continued from above

There are several different types of corporate entities that business owners use for these purposes - Limited Liability Companies (LLCs), S-Corporations, C-Corporations, Non-Profit Corporations, and so on. The best way to choose the right corporation type for your business and also get it put into place in the most affordable way possible is to work with a Company Incorporation service. These providers offer the same guidance, document preparation assistance, and filing help as you would receive by meeting with a local attorney, but for fees that can often be thousands of dollars less.

As you consider the various Company Incorporation services currently available, you will want to keep several criteria in mind:

  • Services. What is included in the fees you'll pay? Most providers have several levels of incorporation packages, from basic to full-featured. Can you get all of the add-ons you might need, like filing your Articles of Incorporation with your state?
  • Cost. What will you pay for your company incorporation process? Is it a flat-fee, or are there a lot of extra charges? Bear in mind that every state has filing fees that are independent of the incorporation service.
  • Reputation. How many companies has the service incorporated? What do those clients have to say about the ease or difficulty of working with the provider to get everything prepared and filed? Does the incorporation service have a history of satisfied customers?

TopConsumerReviews.com has reviewed and ranked the best Company Incorporation services currently available. We hope this information helps you incorporate your business right away!

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