If you’re a small business owner looking to incorporate your company, Incfile is one of the best options for you. The service offers an easy-to-use platform with a friendly price tag.
Incfile helps users form LLCs, S corporations, and C corporations. They also provide an online document library with templates written by attorneys, along with a domain name and business email.
Articles of Organization
Articles of organization are the documents that must be filed with your state in order to incorporate a business. Once your articles are approved by the Secretary of State, your business will be legally recognized as a corporation.
The documents are designed to outline the management structure of your business, including the rights, powers, duties and obligations of the members of the company. They also establish the legal requirements for how the company should operate and can help you avoid internal disputes that could jeopardize your business’s stability.
An LLC Operating Agreement is a separate document that sets the responsibilities of each member in relation to their own interests. This document is important because it can help protect the owners from a lawsuit in the event of an issue between the company and one of its members.
The LLC formation process with Incfile is straightforward and easy to follow. Guided snippets appear on the screen when filling in your information, and you can chat with an agent using live chat if you have any questions or concerns.
Registered Agent
When forming an LLC or corporation, you need to designate a registered agent. This person will receive incoming legal and official documents for your business, alert you to their arrival and forward them to you as necessary.
The registered agent role is especially crucial for companies that operate in more than one state. It provides a single point of contact to stay in compliance with different requirements from state to state.
A registered agent is responsible for receiving a company’s incoming legal paperwork, such as Service of Process (Lawsuits, Liens, Subpoenas) and Annual Reports, as well as tax correspondence from government agencies.
Having a dependable registered agent for your business can ensure that you receive all incoming documentation and are notified about upcoming deadlines, which will help your company avoid costly mistakes or hefty fines.
Incfile is one of the leading companies in this industry, and their Silver package comes with a free registered agent service for your first year (renewing annually at $119). ZenBusiness also offers a similar deal.
Annual Reports
If you incorporate your business with Incfile, you will need to file annual reports with the state. These reports will give the state updates on changes in ownership and other important information about your company.
Every state has its own requirements for annual reports. These can differ greatly, but they usually require businesses to submit these documents within a specific timeframe.
Failing to meet these deadlines could result in large penalties and even the dissolution of your company. That’s why it’s important to file them on time to avoid these consequences.
For $99, Incfile can file your annual report on your behalf. This can save you the trouble of doing this yourself, and it will ensure that your report is filed correctly and on time.
Taxes
Incfile offers a variety of services to help you file taxes. They include a free business website, bookkeeping and accounting services, and a tax consultation with a small business accountant.
For an extra fee, they can also help you register your company as an S-Corporation. This allows your business to benefit from pass-through taxation, which means that profits are not reported on the company’s personal federal and state income taxes.
They also offer trademark registration, which can protect your business’s intellectual property and brand identity. These costs are usually included in higher-level packages, but you can choose to pay for them separately if you prefer.
Depending on the package you choose, Incfile may also provide you with a free registered agent service. This service provides a dedicated address for receiving IRS and state mail on your behalf.
If you’re not sure what type of tax structure is best for your business, it’s important to consult with a tax advisor or CPA. They can guide you through the process and help you avoid penalties and fines.
