Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.
Rocket Lawyer vs Find Legal Forms
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.
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.
FindLegalForms was founded in 2001 by two lawyers from California who saw a need for affordable access to the most commonly-used legal forms. Their service gives customers the ability to prepare a will, give an eviction notice to a tenant, incorporate a business, along with many other business and personal situations. All forms are immediately available by download and have been kept up-to-date by attorneys familiar with each state's applicable laws.
The forms provided by FindLegalForms are guaranteed to be valid in your state, and FindLegalForms offers a 60-day money-back guarantee. Also, FindLegalForms is an accredited company through the Better Business Bureau, with an impressive A+ rating and an even more noteworthy status of having no registered complaints.
In the Corporate Startup Forms Combo Package, you'll get 89 pages of editable documents (.doc, .wpd, and .rtf), including the following:
We have no reservations about what FindLegalForms offers: with more than 1,300,000 customers across all of their available forms and such a solid reputation, this provider clearly delivers what it promises.
However, when it comes to incorporating a business, we think that most people will need much more guidance during the process - the kind of guidance that is offered by the higher-ranked services we reviewed. There are many possible pitfalls, filing deadlines, and other parts of incorporation that can lead to questions or even confusion, and that just won't be taken care of by an 89-page download.
FindLegalForms is a great fit for less complicated legal needs, but we recommend that you choose a service that gives you different levels of assistance so that you can have as much - or as little - hand-holding as you want as you handle your company incorporation.
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.
Company Incorporation In The News
BATON ROUGE, La., April 23, 2019 /PRNewswire/ -- Business First Bancshares, Inc. (BFST) (Business First), parent company of Business First Bank, Baton Rouge, Louisiana, today announced its ...
Published: Wed, 24 Apr 2019 15:47:00 GMT
Sonic Financial Corp., owned by Bruton Smith and his family, is trying to take Concord-based Speedway Motorsports Inc. private in a $735 million offer that would consolidate the Smith family's ...
Published: Wed, 24 Apr 2019 08:55:00 GMT
Citrix Systems, Inc. (NASDAQ:CTXS) Q1 2019 Earnings Conference Call April 24, 2019 4:45 PM ET Company Participants Traci Tsuchiguchi - VP, IR David Henshall - CEO, President Jessica Soisson ...
Published: Wed, 24 Apr 2019 17:18:00 GMT
Sturm, Ruger & Company, Inc. (NYSE-RGR) will announce its financial results for the first quarter and file its Quarterly Report on Form 10-Q on Tuesday, May 7, 2019, after the close of the stock ...
Published: Tue, 23 Apr 2019 14:05:00 GMT
Zoom Video Communications, Inc. develops a people-centric cloud service that transforms real-time collaboration experience. The Company offers unified meeting experience, a cloud service that provides ...
Published: Wed, 24 Apr 2019 17:14:00 GMT
- View Desktop Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.