Incfile Review - UPDATED Oct 2020
lncfile is a universally praised incorporation service with an A+ rating with the BBB. It is highly efficient and reliable, it takes the stress out of forming an LLC or a corporation, and its fees are among the lowest in the business. Founded in 2004, it has since helped more than 100,000 small business owners and entrepreneurs start their companies. In this Incfile review, we will explore every aspect of this service and attempt to determine whether it is as flawless as it seems.
How Incfile Works
Incfile is a service that helps you form an LLC or incorporate a company by doing most of the work for you. You start by choosing the kind of entity you want to form: an LLC, an S-corporation, a C-corporation or a non-profit corporation. In case you are not sure which entity type you should choose, you can read more about each type in the Review Entity Types section of Incfile’s website.
The next step is selecting the state where you want your business to be filed. Then you need to choose one of the 3 Incfile packages, which differ in the range of benefits they bring. Finally, there is a simple online form that takes no more than 10 minutes to complete. After that, Incfile takes care of every subsequent step of the process.
First, it checks whether the name of your company is available. It then drafts the articles and sends them to the state for filing. After the articles have been filed, they are returned to Incfile and they become available to you online. This marks the end of the process. It is easy, simple, and convenient, allowing you to save a whole lot of time and effort.
How Incfile Can Help You Start & Manage Your Business
In the previous section of this Incfile review, we mentioned that this company offers 3 service packages – Silver, Gold, and Platinum – that include different services designed to help you both start and manage your new business. However, no matter which package you choose, you get to enjoy a large set of benefits that can make your life much easier.
All Incfile clients can sit back and relax as the service prepares and files the articles for incorporation. Included in all the packages are unlimited name availability searches, statement and resignation of the incorporator, unlimited support via phone and email, online order status tracking, 1-hour business tax consultation, next business day processing, lifetime company alerts about important due dates, and online access to incorporation documents. One of the greatest advantages of Incfile is that it provides free registered agent service for an entire year to all of its clients. After the first year, the annual renewal fee amounts to $99.
Apart from the abovementioned basic services, Incfile also offers premium services that are not included in all the packages. These include Employer Identification Number/ Tax ID (free with Gold and Platinum), operating agreement, banking resolution, corporation bylaws and organizational meeting minutes, and corporate forms CD (included in the Gold and Platinum plans), as well as a customized corporate kit with 20 personalized stock certificates and stock transfer ledger in a professional binder (free with Gold and Platinum) and business website and domain name (free with Platinum). All of these benefits can be enjoyed by all users, they only come with a fee if they are not included in the package. Expedited shipping and filing are also available and come free of charge with the Platinum package.
Apart from the abovementioned lifetime alerts and registered agent service, Incfile services exclusively related to business management include preparing and filing annual reports, filling your amendment, corporate dissolution, foreign qualification, certificate of good standing, and business taxes, as well as business license and trademark name search.
Basically, whatever you need filed, Incfile can do it for you.
There are 3 main factors that shape the total cost of starting a business with Incfile. These include entity type, formation state, and the package you opt for. Regardless of whether you choose to form an LLC, S-corporation or C-corporation, the price of the Silver package is $49, the Gold package costs $149, and the Platinum package costs $299. If you are starting a non-profit, you pay $99 for the Silver package, $199 for the Gold package, and $349 for the Platinum package.
In addition to the cost of the packages, you also pay the state fee, which varies from state to state. This is the fee that the state charges to file a new business entity and it goes directly to the Secretary of State. Incfile provides information on state fees in all 50 US states, so you can know ahead of time how much you have to pay in total.
Privacy & Security
Incfile is a prime example of a company that takes its clients’ privacy and security seriously. The company does not sell or provide your private information to third parties and protects your data with a layer of encryption. It only provides your contact information to its partners if you express the desire to do business with the said partners. Your payment information is not stored in the company’s database and all sensitive information is deleted from the database as soon as the order is completed. There is only one circumstance under which Incfile may share your information with third parties and that is upon the receipt of a subpoena.
User Experience & Satisfaction
Virtually all Incfile clients find this company to be one of the best choices currently available. They praise its efficiency, transparency, professionalism, and customer support. Digging up a serious complaint is close to impossible and we encountered nothing but praises and warm and honest recommendations.
During our research for this Incfile review, we failed to find any major or even minor downsides to the service, which is why we believe that this company truly is as good as everyone claims.
Good customer support is far from common these days, which is why we were pleasantly surprised to see that Incfile provides premium-quality customer support. Apart from the plethora of useful information available on the website and a well-organized help center, the company provides support via phone and email. If you want to get a good answer to your question fast, your safest bet is the messaging tool available at the bottom of each page of the site, which allows you to quickly send an email to the staff. Due to business volume, it may sometimes take 24 hours for the support staff to get back to you, but you can be sure that the answers you receive will be to-the-point, well-written, clear, and as detailed as necessary to help you easily resolve any potential issues.
- Stellar reputation
- Incredibly low fees
- Great efficiency
- Vast range of both basic and premium services
- Excellent customer support