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Rocket Lawyer vs Legal Zoom

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ROCKET LAWYER

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.

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LEGAL ZOOM

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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Best Company Incorporation

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

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

CPNP 2018 Small Business: Taurean General Services Inc.

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Published:  Fri, 16 Nov 2018 03:22:00 GMT



Better Buy: OrganiGram Holdings Inc. vs. Canopy Growth Corporation

There arguably isn't a more intriguing matchup of Canadian marijuana stocks than the one between OrganiGram Holdings Inc. (NASDAQOTH ... compelling reason to buy OrganiGram stock. Sure, the company cu...

Published:  Sat, 17 Nov 2018 03:15:00 GMT



DGAP-News: Lifestyle Delivery Systems Inc. Announces Resignation of James Pakulis as President and Director

The vacancies created by Mr. Pakulis's resignation have not been filled and the Company is currently reviewing possible candidates. About Lifestyle Delivery Systems Inc. Lifestyle Delivery Systems ...

Published:  Sat, 17 Nov 2018 06:02:00 GMT



UPDATE: Macy's CEO says stores are important to the business even if they're going to shrink

Macy's Inc.'s Chief Executive Jeff Gennette used the Wednesday morning earnings call to underline the importance of bricks-and-mortar locations, even as digital sales grow and the company tests a smal...

Published:  Sat, 17 Nov 2018 08:17:00 GMT



ALPHABET SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Alphabet Inc. - GOOG, GOOGL

NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 10, 2018 to file lead plaintiff applications in a securities class ac...

Published:  Fri, 16 Nov 2018 18:50:00 GMT



Former Colorado Springs Walmart employee suing company after boss divulged she is HIV-positive

Walmart Stores Inc. is the sole defendant named ... including to the store manager and a company ethics hotline. After receiving her complaints, Walmart conducted what Dickie described as ...

Published:  Fri, 16 Nov 2018 19:01:00 GMT



AFLAC Incorporated (AFL) Receives Average Recommendation of "Hold" from Analysts

AFLAC Incorporated has been assigned an average rating of "Hold ... three have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Published:  Sat, 17 Nov 2018 10:21:00 GMT



Glancy Prongay & Murray LLP Files a Securities Class Action on Behalf of Stitch Fix, Inc. Investors

al., (docket number: 3:18-cv-06965) on behalf of persons and/or entities that acquired Stitch Fix, Inc. ("Stitch Fix" or the "Company" ) securities between June 8, 2018 and October 1, 2018, inclusive ( ...

Published:  Fri, 16 Nov 2018 17:38:00 GMT




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