Incfile vs Rocket Lawyer
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Incfile vs Rocket Lawyer
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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):
If you upgrade to their Gold Package, priced at $149, you'll also get:
Finally, at the $299 Platinum Package, you receive all of the benefits of the Silver and Gold tiers, with these add-ons:
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.
Rocket Lawyer wants to make legal services simple, affordable, and available to the average person. So far, more than 20 million people have taken advantage of accessing a wide variety of legal documents and advice through this provider, on topics related to Property & Finance, Business Agreements, and much more.
Although you can pay for your business documents a la carte, the most economical way to use Rocket Lawyer's company incorporation services is by becoming a subscribing member. A full subscription costs $49.95/month and comes with a free 7-day trial. We hope you were paying attention just now - did you catch that you can get their $99.95 incorporation processing service for absolutely nothing if you do it in less than a week?
Of course, Rocket Lawyer is hoping that you'll decide the value of their other services convinces you to pay the subscription, but the choice is yours. Given that you're running a business, you may appreciate having access to departments like Contracts & Service Agreements, or even Estate Planning; use the service for as many months as you need to get your documents in order, then decide if you still need the monthly subscription. Your membership also includes the ability to ask a lawyer your legal questions, along with a 30-minute phone consultation on every new legal matter you may have.
You'll also need to compare with other company incorporation services, to make sure that what you'd be paying is genuinely your best deal. Bear in mind that you'll probably wind up needing Registered Agent services; most companies charge anywhere from $99 to $299 per year for that service, but it's included as part of a subscriber package. In other words, you could get 2-6 months of membership at Rocket Lawyer for the same amount you'd pay another provider just for the Registered Agent fees.
Rocket Lawyer makes their customer service team readily available: via online chat or toll-free number, Monday through Friday from 6A-6P PT. That means that, for most people, they'll have time to call before or after their workday, instead of trying to find a time to fit it in during lunch or on a break.
Another great perk of Rocket Lawyer's service is that they offer a 100% Satisfaction Guarantee: get a full refund if, for any reason, you're not satisfied with your incorporation.
While we did find some negative customer reviews, almost every single one of them came from someone who didn't realize they needed to cancel their 7-day free trial and wound up getting billed for the first month of service. Other than those individuals, the great majority of Rocket Lawyer customers love the ability to access a broad range of legal documents and get advice from a lawyer, all for one very low monthly fee.
With a unique alternative pricing structure for legal help, a good track record for customer service, and a no-risk free trial, Rocket Lawyer is definitely a service to consider - not just for your company incorporation, but also for any other legal documents and attorney advice you may need.
Best Company Incorporation
To help you find the Best Company Incorporation, TopConsumerReviews.com provides you with an in-depth comparison of Incfile and Rocket Lawyer.
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:
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.
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.
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.
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