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      October 22, 2019

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Nolo vs Law Depot

Best LLC Formation Services

To help you find the Best LLC Formation Services, TopConsumerReviews.com provides you with an in-depth comparison of Nolo and Law Depot.

To see ALL of our reviews for the Best LLC Formation Services, please Click Here

Who is the best LLC Creation Company? If you're self-employed, the next step in growing your business while covering your assets is probably forming an LLC. Creating an LLC is often seen as a good move for people who want to limit their liability without the cumbersome paperwork and regulations of a corporation.

No matter where your business is located, you'll typically need to register your company name and file documentation with the state, along with having accurate, complete Articles of Organization. Other requirements depend on the specific legal statutes governing businesses in your state. An online LLC Creation company can greatly help faciliate this process.

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Best Reviews

2019

LLC Formation Reviews

2.5 stars
Nolo

NOLO Visit Site

Cost:

$99 for Basic Service

$299 for Express Premiere Service

Nolo used to be an LLC formation service limited to books and forms. You might say that "Nolo" now stands for "No Longer" limited, as they've vastly expanded their options to include two packages:

  • Basic: for $99, you'll get standard filing and a Customized LLC Operating Agreement based on your situation
  • Express Premiere: for $299, you'll get a filled-out IRS Form SS-4 (Application for EIN), a Personalized LLC Records Kit and Seal with 20 certificates, a Customized LLC Operating Agreement, as well as priority filing and shipping (submitted to the Department of State within 1 business day; your LLC package will arrive within 6-7 business days after that)

All packages include company name verification, articles of organization, automated error checking, and unlimited customer service support.

Nolo creates your LLC in three steps. First, you fill out a basic questionnaire that asks you to select which service you want, basic details about your business like desired LLC name and member names, and so forth. Then, they generate your LLC documents and make sure they are filed correctly with the Secretary of State. Finally, your completed LLC package arrives in the mail.

Reviews of Nolo are mixed. We found several positive remarks from small business owners who complimented the service for getting everything right during the process of creating their LLC's. We also found several complaints, but they seemed to be more focused on Nolo's offerings in other categories, not related to filing business documentation. An "A+" rating with the BBB shows that, despite any negative reviews, Nolo does an appropriate job of delivering what they promise and responding to any issues that arise.

Ultimately, Nolo has made strides by offering a much more useful LLC formation service than before - including the actual filling out and submitting of paperwork, not just giving customers blank forms to complete and books to walk them through the process. On the other hand, their basic package is more than double the cost you can find through our first-place provider, bringing Nolo down in the rankings. We hope that as Nolo continues to improve their LLC options, they'll be able to better compete through lower pricing and more robust package choices.

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2.5 stars
Law Depot

LAW DEPOT Visit Site

Cost:

Free to create an LLC Operating Agreement, Articles of Incorporation

If you want to create an LLC Operating Agreement for no charge, Law Depot is your service. All you have to do is click the "Get Started" button and select your state, and you'll be shown a preview the form you're filling out. From there, the "Create My Document" button will walk you through all of the typical questions needed to fill it out accurately. You'll be able to download or print your customized LLC document in 10 minutes or less.

What's the catch? There isn't one. But, you get what you pay for - which, in this case, means that you get no further direction in forming your LLC. Yes, you can wade through the FAQ for LLC Operating Agreements - where you'll find out that you also need to create Articles of Incorporation (which is also available at no charge) - but you won't get any step-by-step instructions for what to do, when, and how.

Law Depot does have a great reputation as an "A+" rated, accredited company with the Better Business Bureau, so we definitely have no issues with their track record. And, who doesn't love getting things for free?

But, when it comes to an important process like creating an LLC, it's critical to get every single component completed accurately and submitted to the right places. With Law Depot, you'll have to figure most of that out on your own. Most small business owners will probably find it worth the investment - probably less than $100 -to get some personalized guidance from one of the higher-ranked LLC formation services we reviewed.

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Continued from above

In the past, navigating those state-specific obligations to form an LLC was both expensive and time-consuming: finding a local lawyer with expertise in the field and paying hefty fees to get everything done correctly. Fortunately, today's small business owners have access to much more affordable options online. These services offer all of the same benefits, accuracy, and legal standing that you'd expect from working in person with an attorney. You can get as much or as little direction as you need to complete each step required for LLC formation, depending on which service you choose.

Which provider should you choose to help in forming your LLC? Not all services are the same, so when comparing what each one has to offer, keep in mind these important factors:

  • Reputation. How many small businesses have been served by the provider? What do former clients say about their experience in forming an LLC with them? Is the company rated and/or accredited by the Better Business Bureau?
  • Cost. What will you be charged to form your LLC? Are their different packages available? Are there a lot of add-on services that will increase your cost? Do you get a good value for what you pay?
  • Services. Does the company offer a wide range of services, or do they take a one-size-fits-all approach? Will the service give you one-on-one help if you need it? How much are you expected to do on your own?

TopConsumerReviews.com has reviewed and ranked the best LLC Formation Companies available today. We hope this information helps you create your LLC quickly and affordably!

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