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Corp Net vs Incorporate

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CORP NET

Corpnet may be the perfect match for small business owners who want to incorporate with a service that personally understands what it's like to start from the ground up. Created by a husband/wife entrepreneurial team in 1997, Corpnet maintains the family-owned business feel to their customer service while still providing top-notch company incorporation services that are thorough and affordable.

You probably won't be blown away by Corpnet's website; it doesn't come across as slick or modern as some of the providers we reviewed. Stick with it, however, and start with the Business Structure Wizard under the Start a Business tab at the top of the page. You'll find out which corporation structures are recommended for your situation, broken down by the percentage that each option matches your answers. At any time, you can click on the Free Incorporation Guide or Comparison Chart links that are below your results list. You can also reach Corpnet's representatives from 7A-5:30P PST through their toll-free number.

You'll also appreciate Corpnet's 100% satisfaction guarantee: if you aren't completely satisfied with their document filing services, they will refund your fees, no questions asked, within 60 days of the service purchase date. And, like all reputable services, they will take full financial and legal responsibility should there ever be an error in filing your documents and will fix the problem at no cost to you.

This company incorporation service prides itself on being fully transparent with all of their fees (including an unfortunate shipping/handling fee of $29 on every package that most of their competitors don't charge). Here are your options when using Corpnet to create your business:

  • Basic: for $79, you get a Name Availability Check, Official Filed Articles of Incorporation, access to their online compliance tool that helps you track deadlines for taxes and report filings, incorporator resolutions, and depending on the type of corporation you choose, filing of IRS documents (for example Form 2553 for S-Corp), and 60 days of free registered agent service ($149/year thereafter).
  • Deluxe: for $199, you receive all of the features included in the Basic plan, along with 24-hour document preparation turnaround time, one full year of registered agent service, obtaining of your Federal Tax ID Number (EIN), and print delivery of your documents.
  • Complete: for just $50 more, or $249, you get everything in the Basic and Deluxe packages, along with customized corporate bylaws and minutes, customized corporate kit and seal.

Everywhere we looked, Corpnet got extremely high marks for their customer service. Rave reviews talk about how fast the company incorporation process is completed, and how personable and helpful the customer service agents are when working with their clients. In fact, across multiple third-party sites, Corpnet had an almost perfect average across hundreds of reviews.

For this reason, Corpnet gets a 4-star rating from us as well: although their services are priced slightly higher than some providers of company incorporation, their ironclad commitment to customer satisfaction and transparent pricing gives them an edge in the industry.

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INCORPORATE

Although they've existed under several names in their company history which spans more than a century, Incorporate has helped more than 750,000 corporations and LLCs to file all of the necessary paperwork to successfully form their businesses and stay in compliance with all legal requirements. You may be familiar with their previous names of The Company Corporation and Corporation Service Company (CSC).

Although they don't feature it very prominently on their site, Incorporate does offer a Startup/Business Formation Wizard that may help you determine what corporation structure is best for your current business needs. We found that tool at the bottom of the main page and in their Learning Center, and the questions were very easy to answer. Otherwise, you can get help by contacting their customer service department, either via toll-free number or live chat, from 8A-8P ET every weekday.

Incorporate tends to be priced higher than many of the company incorporation services in our review. Here's what you'll get from their three packages:

  • The Starter: for $99, you'll get completion and filing of formation documents, $75,000 Corporate Compliance Guarantee and online access to company documents. If you opt in to their Registered Agent Service for $235/year, you'll also get their access to their CSCNavigator online tool.
  • The Essentials: priced at $249, this package includes everything from the Starter. You'll also get a Compliance Kit and company seal (with free shipping), a Federal Employer Identification Number (EIN), and Annual Report Preparation/Filing. You'll also need to choose Incorporate as your registered agent to get that last service.
  • The Works: you'll pay $349 to get all the features of The Starter and The Essentials, plus a Business License Compliance Package, Bylaws, and the Corporate Records Handbook.

Just looking at their Registered Agent Service alone, you'll see where Incorporate starts to fall short when compared with their competitors: many offer this free for the first year of incorporation, and even those that charge for it typically have fees of less than $100 per year. Given that you're expected to pay those agent fees from year to year, that cost difference could really add up over time - especially if you're like some of the business owners we've found (across company incorporation services, not just Incorporate) who forget that they are expected to pay this fee and then write nasty complaints blaming the provider for charging them.

Their package prices described above are also higher and less robust than what we found with other company incorporation services.

We like the idea of working with a provider that has not just decades but centuries of experience with helping businesses of all types to easily and legally incorporate. And, as you'd expect with longstanding company, their reputation with the BBB is solid: an A+ rating at the time of our review. But, "established" isn't always the best choice when there are other companies providing the same level of quality service for more affordable prices. We give Incorporate a 3-star rating and hope to see them become more competitive in the packages and prices they offer.

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Best Company Incorporation

To help you find the Best Company Incorporation, TopConsumerReviews.com provides you with an in-depth comparison of Corp Net and Incorporate.

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.

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!



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.

 



Company Incorporation In The News

Statera Spine Announces Company Formation

AUSTIN, Texas--(BUSINESS WIRE)--Statera Spine, Inc. (Statera), a privately held software-enabled healthcare diagnostics company focused on spine imaging analytics, announced today the formation of ...

Published:  Mon, 19 Nov 2018 14:57:00 GMT



Pulse Biosciences, Inc. Announces Commencement of Rights Offering

HAYWARD, Calif.--(BUSINESS WIRE)--Pulse Biosciences, Inc. (Nasdaq: PLSE) ("Pulse Biosciences" or the "Company" ), a novel medical therapy company bringing to market its proprietary CellFX™ Nano-Pulse S...

Published:  Mon, 19 Nov 2018 13:14:00 GMT



INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against PriceSmart, Inc.

The law firm of Kirby McInerney LLP is investigating potential claims against PriceSmart, Inc. ("PriceSmart" or the "Company" ) (NASDAQ: PSMT). This investigation concerns whether PriceSmart has violat...

Published:  Mon, 19 Nov 2018 18:12:00 GMT



EQS-News: Goldway Education Group announces possible formation of joint venture and adoption of new logos

DKG Ed is a company incorporated in Hong Kong with limited liability, and a wholly-owned subsidiary of the Company. DKG Ed intends to develop and enhance its tutoring services to include ...

Published:  Mon, 19 Nov 2018 14:19:00 GMT



Apple's Tools Sneak Into Business

vice president of product marketing for Apple Inc.'s markets, apps and services. This summer, the company addressed a major IT pain point at many of those organizations, with the launch of Apple ...

Published:  Mon, 19 Nov 2018 12:19:00 GMT



Why Zayo Group Holdings, Inc. Stock Popped Today

The timing of this development is no coincidence. Less than two weeks ago, Zayo Group shares plunged nearly 30% after the company not only released disappointing third-quarter results, but also announ...

Published:  Mon, 19 Nov 2018 12:30:00 GMT



Anthony W. Dunn Joins American Financial Group, Inc. as Vice President

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (AFG) is pleased to announce the hiring of Anthony W. Dunn as Vice President, overseeing the Internal Audit function for the Company and its ...

Published:  Mon, 19 Nov 2018 12:43:00 GMT



John W. Rogers, Jr. Joins NIKE, Inc. Board of Directors

BEAVERTON, Ore.--(BUSINESS WIRE)--Nov 19, 2018--NIKE, Inc. (NYSE: NKE) today announced John W. Rogers, Jr. has been appointed to the Company's Board of Directors. This press release features multimedi...

Published:  Mon, 19 Nov 2018 13:36:00 GMT




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