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Incfile vs Corp Net

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INCFILE

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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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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Best Company Incorporation

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

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

Texas Instruments, Inc., Puts Chairman Rich Templeton Back in the CEO Saddle

The reported figures exceeded both Wall Street's and TI's projections. The company exited 2017 on a full head of steam and has continued to deliver strong results this year. This update only adds more ...

Published:  Wed, 18 Jul 2018 08:19:00 GMT



EVIO Inc. Joins Prestigious Line-Up of Cannabis Business Exhibitors at NCIA's 5th Annual Cannabis Business Summit & Expo

BEND, Ore., July 18, 2018 /PRNewswire/ -- EVIO Inc. ("EVIO" or the "Company"), (OTCQB: EVIO), a leading provider of cannabis testing and scientific research for the regulated cannabis industry in Nort...

Published:  Wed, 18 Jul 2018 08:17:00 GMT



WeissLaw LLP Investigates GulfMark Offshore, Inc. Acquisition

NEW YORK, July 18, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of GulfMark Offshore, Inc. ("GLF" or the ...

Published:  Wed, 18 Jul 2018 09:00:00 GMT



American Realty Investors, Inc. Included in Russell 2000 Index

Income Opportunity Realty Investors, Inc., a New York Stock Exchange Company (NYSE American: IOR), is committed to creating greater shareholder value through the acquisition, financing, operation and ...

Published:  Wed, 18 Jul 2018 07:00:00 GMT



Texas Instruments' CEO Brian Crutcher resigns for violating the company's code of conduct

CEO Brian Crutcher has resigned from the chip maker Texas Instruments Inc (NASDAQ:TXN) for violating the company's code of conduct. Rich Templeton, Texas Instrument's chairman, will reassume the roles ...

Published:  Wed, 18 Jul 2018 04:58:00 GMT



The PC Market Just Broke a 6-Year Losing Streak. Is HP Inc. Now Cheap

In no uncertain terms, HP Inc. (NYSE:HPQ) management had decided the personal computer industry was in decline. Former CEO Meg Whitman decided to spin off the higher-growth enterprise business from th...

Published:  Wed, 18 Jul 2018 03:02:00 GMT



Imex Systems Inc. - Corporate Update

TORONTO, July 18, 2018 (GLOBE NEWSWIRE) -- Imex Systems Inc. ("Imex" or the "Company") (TSX VENTURE:IMEX), a software solution provider to Governments, Municipalities and Public Authorities, has succe...

Published:  Wed, 18 Jul 2018 06:31:00 GMT



Ennis Executes Agreement to Merge Wright Business Graphics, Inc. of Portland, Oregon, into a Wholly Owned Entity of Ennis

Midlothian, Tex. - Ennis, Inc. (the "Company" ), announced the signing of an agreement to merge Wright Business Graphics ("Wright" ) with a wholly owned entity of Ennis in a stock merger transaction tha...

Published:  Wed, 18 Jul 2018 00:39:00 GMT



Spectrum Brands Pet LLC Partners with Hankscraft, Inc. on FURminator® Pet Product Enhancements

ST. LOUIS, July 18, 2018 /PRNewswire/ -- Spectrum Brands Pet LLC, the U.S. subsidiary of Spectrum Brands, Inc.'s global pet supplies business offering an expansive portfolio of leading pet brands, has ...

Published:  Wed, 18 Jul 2018 08:00:00 GMT



How to Play the Breakdown in Cisco Stock

I hate to burst Cisco (NASDAQ:CSCO) bulls' bubble, but on and off the price chart, CSCO stock is looking like risky business. And for today's like-minded bears, the way to position for lower prices is ...

Published:  Wed, 18 Jul 2018 04:24:03 GMT




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