How Incfile Can Save You Time and Money When Starting a Business
Incfile’s Gold package includes filing an S-corp election (which confers tax advantages in some situations). The service also provides drafting services for business contracts and other documents. Its website offers learning center resources, including a business name generator and LLC lookup.
However, cancellation policies are not clearly stated alongside services. Most yearly services are automatically renewed, and most are not eligible for refunds.
Free registered agent service
Incfile’s primary packages include a free year of registered agent service (this is an individual or business that accepts important documents on behalf of your LLC). This is an optional feature and can be renewed for $119 annually.
IncFile’s registered agent service can save you money, especially if you’re starting your business from home. This service will also help you find a unique name for your company and provide other useful services, such as a sample business plan and legal contract templates.
The Platinum package includes additional benefits like a free domain name and business email, along with banking resolution drafting and lifetime company alerts. The company also provides a free online access dashboard and phone and email support. However, their customer reviews are mixed and their turnaround times are less than ideal. You should always check your state’s requirements before choosing a package. These fees can vary greatly between states. Also, be sure to add any required state filing fees to the price of your package.
Free EIN number
An EIN is a nine-digit number that identifies your business. It works like a Social Security number for businesses, and is needed to open a bank account, file taxes, and hire employees. While you can acquire an EIN yourself through the IRS, it’s easier to save time and money by hiring Incfile to do it for you.
Incfile’s Silver package starts at $0 and includes filing fees for one state, along with a year of registered agent service. You can upgrade to Gold for $199, which includes an EIN and business banking, plus a tax consultation and contract templates.
While many customers rate Incfile highly, some have reported problems with their customer service. They have been criticized for slow processing times and inaccurate forms. Those who want to avoid these issues should consider other providers. However, the service is easy to use and offers good value for your money. In addition to providing an extensive list of services, Incfile also provides free support by phone.
Free business bank account
Since its opening in 2004, Incfile has helped form over a million business entities. Its website contains a wealth of useful information on the company formation process, including state processing times and compliance deadlines. It also offers a service that reminds customers when their state filings are due.
In addition to preparing and filing documents, Incfile offers services such as a free registered agent service, a free EIN number, and a business bank account. It also provides a comprehensive online dashboard and unlimited phone and email support. Its website is easy to navigate, and it even features cartoon lightbulb characters throughout.
Incfile’s fees are very reasonable, and its customer support is great. However, its cancellation policies are hidden behind a lot of legalese and require a $30 cancellation fee if you cancel before your paperwork is filed with the state. This is a common policy among companies that offer free formation packages.
Free lifetime company alerts
Incfile is one of the few services to offer business owners a centralized tool for all of their company compliance needs. Their online dashboard lets users manage all of their company forms and filings, as well as keep track of important deadlines and renewals.
Depending on the industry, your business may be subject to a variety of regulations, and keeping up with these requirements can be challenging. For those who need help with compliance, Incfile offers a Business License Search service for a fixed fee. This service will research and compile a complete package of permits, licenses, tax registrations, and application forms for your company.
For the ultimate convenience, Incfile will send you courtesy emails reminding you of upcoming filing requirements in your state. They will also provide you with a business email address for one year, which can make your company seem more professional. They also include a free domain name and a year of registered agent service in their Platinum package.