Incfile offers a comprehensive range of business services. They provide assistance with forming a new business, filing amendments to existing entities, and even trademark registration services.
Customers can also take advantage of their free business tools, such as an online Learning Center that covers everything from starting a restaurant to calculating sales tax. They also offer add-on services at competitive prices, though some of these may be unnecessary or overpriced.
How to Start a Business Online
Since 2004, Texas-based Incfile has helped launch over 250,000 businesses. Its free online service allows users to form LLCs, C corporations, S corporations, and nonprofit entities. It also offers a variety of other business-related services such as making amendments to existing filings and qualifying foreign entities for an EIN.
The company’s website provides a straightforward and easy-to-use interface that helps users navigate the process of forming a business. Its pricing model is competitive, with most services costing less than competing companies.
However, customers can expect to pay more if they choose the more advanced Platinum package. This includes a full year of Incfile’s registered agent service and more advanced tools such as an annual report due date reminder tool, sales tax calculators, and an LLC university.
Unfortunately, Incfile has a lot of one-star reviews on Trustpilot and Yelp. Many of the complaints focus on clerical errors, severely delayed turnaround times, or the lack of customer support available.
Incorporating a Business
One of the most important steps in launching your business is incorporating it. Luckily, Incfile offers a comprehensive range of startup services that include incorporation for as little as $0 plus state fees. The company is also known for its fast turnaround times.
Unlike some competitors, Incfile automatically displays the price of your state’s filing fee on the checkout page. In addition, they offer a convenient online dashboard that tracks key deadlines and compliance reminders.
Customers can use Incfile to establish LLCs as well as C corporations, S corporations, and nonprofit entities. The service also provides a number of additional benefits, such as registered agent service (included in the Silver and Gold packages), business banking accounts (through their partner banks), and tax consultations. One noteworthy feature is the company’s ability to file IRS Form 2553, which allows an LLC to elect S-corporation tax status, saving some businesses thousands in taxes. Incfile’s refund and cancellation policies are not prominently displayed on the website and are buried under some legalese.
Getting a Business License
Depending on your business structure and industry, there are a variety of regulations you may be required to comply with at local, state, and federal levels. Keeping up with these rules and regulations is time-consuming, but necessary to protect your business in the long run.
Fortunately, this company has a lot to offer new and existing businesses. Its core packages are very affordable and offer next business day processing, allowing you to get your company up and running quickly. In addition, it offers unlimited phone and email support and a comprehensive specialized dashboard that tracks deadlines and compliance reminders.
One service that stands out is its Foreign Qualification service, which allows a company to skip complex bureaucracy by filing for a Certificate of Authority with each state in which it intends to do business. This is an essential service if you’re expanding into multiple states, and IncFile’s price point is competitive with competitors. You can also purchase one-off services such as name changes and trademark registrations.
Getting a Business Bank Account
Having a separate business bank account will make your company look more professional and may help with tax reporting. However, there are several other factors that you should consider before opening an account.
For example, you’ll want to ensure that you are up-to-date on your LLC taxes and annual reports. If you are not, your LLC could be considered “out of good standing” and this can cause serious problems for your business.
For this reason, we suggest you check with your local Small Business Administration office before opening a business bank account. You’ll also want to check with the Secretary of State’s office in your state to see how long it typically takes for an entity to be approved. IncFile offers expedited state processing with its Gold and Platinum packages but charges a fee for this service.
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