How US companies like Incfile and ZenBusiness assist startups

Even with travel limits in place for both the US and Europe, economic rivalry is running at quite a pace. This article shows just how far some American companies go to lure in startups at low rates, begging the question, what is our leading edge then in Europe?

New business statistics from the United States Census Bureau show that in July 2021 alone, 56,946 new business applications were filed in Florida. LLC formation services help business owners and entrepreneurs set up a Limited Liability Company (LLC). 

These services assist startups by offering business formation packages which usually include the LCC services of filing articles of organization, EIN registration, registered agent services and compiling operating agreements. Some states, such as Florida, require a registered agent for every formal business in the state, therefore selecting an LLC service in Florida which provides a Florida registered agent for free would be beneficial. To assist startup’s in narrowing down their options, this article will explore how two leading LLC services, Incfile and ZenBusiness, assists startups with LLC formation. 

Incfile 

Incfile, being one of the best incorporation services and LLC services, suits the needs of all types of aspiring business owners. The LLC services offers a range of packages with services offering the basics, to packages offering all the bells and whistles. The packages offered are Silver, Gold and Platinum. The Silver package appeals to entrepreneurs who aim to form a business without having extra features. This package is offered for free, and has the option to add-on features from the Gold and Platinum packages for a fee. The Silver package offers the service of:

• verifying the company’s proposed name availability where Incfile searchesthe business’ state’s business name database to find out whether the desired name is available.
• preparing and filing documents with the state which are known as the articles of organization for LLCs.
• processing orders and sending them to the state within one business day of receiving the order.
• providing their registered agent services for free for the first year. They offer to use their address as the mailing address for the business, and this service is available to be renewed for $119 annually after the first year.
• Providing lifetime company alerts such as email and text reminders which provide details for important filing dates to file annual reports, business license renewals and statements of information
• establishing a statement and resignation of the organizer/incorporator identifies the initial members of an LLC. This document is helpful to obtain a business bank account.
• providing online access to formation documents which would allow business owners to view, print and download their documents at any time.
• providing a free tax consultation, a website and domain name, as well as offers from Bank of America.

The Gold package, which costs $149 annually, includes all mentioned features of the Silver package as well as a Federal tax ID number (EIN) which is assigned by the IRS to identify taxpayers, a

banking resolution document which is needed to open a business checking account, a business formation kit as well as express shipping. Additionally, the Gold packages an operating agreement which details the ownership, rights, and responsibilities of each person between the members of the LLC, as well as a preparation and filing of the IRS Form 2553.

The Platinum package, which costs $299 annually, offers all mentioned features of the Gold package as well as expedited state filing which can dramatically speed up turnaround time, business contract templates, a deluxe business formation kit, as well as a business website and domain name from Snapweb.

ZenBusiness

ZenBusiness, being one of the top-rated LLC services having helped form over 150,000 businesses, suits the needs of all entrepreneurs. The LLC service offers three packages to suit the needs of all types of entrepreneurs. The Starter package, which costs $39 annually with a $119 price point for each following year, offers the basics of incorporation as well as the services of a registered agent. This package will also provide an operating agreement template to assist in detailing the ownership structure of the company. Additionally, a risk-free accounting assessment is included.

The Pro package, which costs $149 annually, offers everything from the Starter package and so much more. This package offers a banking resolution template and it acquires a Federal tax ID number (EIN) from the IRS on behalf of the company. The package also offers a managed annual report and compliance management service. 

The Premium package, which costs $249 annually, offers everything from the Pro package with much more perks. This package offers rush filing speed, domain registration/privacy, business email as well as a website.

The bottom line

Competition is fierce, but American companies lure investors in at lower rates than their European counterparts. For example, Incfile offers prices seemingly impossible with the services of a registered agent for free for the first year; they are proven to be one of the leading LLC services in terms of volume. Accompanied by excellent customer feedback, their track record speaks for itself with the LLC service having served over 500 000 businesses. ZenBusiness, running packages which provide a large amount of value for money, is also accompanied with excellent customer reviews. Business owners need to first consider and investigate their long and short term goals. This would assist them in determining the LLC option most suitable for their business.