A Limited Liability Company or LLC has for years been one of the most popular business structures for startups, small to medium-sized businesses, and those looking to gain easy capital for establishing a bigger corporation. LLCs are popular for many reasons, one being that after forming an LLC, the owner(s) are protected by a legal structure known as the ‘Corporate Veil.’ This means that business owners’ personal assets are protected against legal and financial issues if the business had to endure any. In addition, LLCs are also very easy to form and have a comfortable easy setup procedure.
Starting an LLC may take a lot of personal time away from focusing on business operations, and using incorporation services such as these below might make the ease of formation a lot simpler. There are multiple benefits that can come from using these services, especially for business owners who have limited knowledge, skill, or physical resources to their disposal.
Benefits of using incorporation services
Online and Efficient
Using a third-party incorporation service is a lot easier than previous years, as a lot of these service providers offer their services online. This means that business owners will solely need to complete filing and information provided via the company’s website. Additionally, it makes it a lot easier for business owners to also communicate with those assisting them easily and taking them through the process.
Depending on your needs and what you can pay, these services are relatively affordable with some costing nothing at all. In this case, it means that business owners will only need to pay for the state filing costs and leave the rest up to the service providers. Depending on the price range, business owners will be looking at paying anything between $39 – $400, and this will include a variety of services such as setting up an operating agreement, writing up articles of organization, or obtaining an Employer Identification Number from the IRS.
These companies are experts in their field and have been helping thousands of LLC and Corporation owners forming or incorporating their business for years. This means that you as a business owner can have ease of mind when using a third-party as they are well informed about changes happening in the industry when to file tax returns, and depending on the company or package you pay for – you will have the ability to quickly tie up any loose ends of the formation or incorporation process.
Variety of Services
As already mentioned, depending on the needs of the business, these incorporation and formation service providers have a variety of services to your disposal. Some may offer the most basic formation setups, but other companies such as Rocket Lawyer can assist with business and corporate law, helping you understand the ins and outs about business regulations on both state and federal levels. Although some companies offer subscription-based packages, it will help business owners decide on the type of assistance and service they require.
Registered Agent Services
Having a registered agent for your business will mean that either the owner or another business affiliate will have to act as your business’ registered agent. This person will act as the link between your business and government entities, receiving and filing important documentation or tax returns. These service providers take away the stress of finding a trustworthy person within the business, as they can offer registered agent services for a full year, and depending on the price you pay, this service may be offered for free up to one year in some cases.Using formation and incorporation services can take the stress of being up to date with filing and tax returns away from business owners, especially during the first few years of operations. Incorporation services are a lot more convenient, and can efficiently be done by third-party service providers. Read further on some of the best LLC formation services available.