My Balanced IncFile LLC Service 2022 Review (Good and Bad)
We detail all the features, as well as the advantages and disadvantages, of this LLC service in our comprehensive analysis to spare you the burden of reading countless Incfile LLC reviews on the internet. Interestingly, they offer cheap pricing for their LLC formation service, and they also offer other advantages.
More than 500,000 business owners have used IncFile’s LLC service since it launched in 2004. Even though there are other options available when incorporating an LLC, this business has emerged as one of the industry’s leading suppliers.
One of the well-known businesses that provide free LLC formation services is Incfile.
About IncFile LLC
A Texas-based organization called Incfile provides free corporation formation. They provide two premium packages and one free package.
However, these fundamental principles are equally crucial to the formation of your firm.
- The cost of the service.
- The service is completed over time.
- Client assistance and pleasure.
LLC service providers work tirelessly to satisfy these requirements because users are constantly on the lookout for them.
When we choose a professional service provider, we primarily look for these 3 qualities. In addition, elements like service quality, client feedback, and ratings play a significant role.
Incfile provides C-corporation and S-corporation formation in addition to LLC formation. Additionally, the business provides full-service business formation assistance, from incorporation to dissolution.
The annual reporting of Incfile is another noteworthy aspect. Incfile LLC provides an annual reporting service after a year.
Even after offering so many services at such low costs, Incfile does not receive the same number of positive customer reviews as other LLC service providers.
Clients Support and Refund Policy
Even if you subscribe to IncFile’s Gold and Platinum subscriptions, their customer service is essentially nonexistent.
According to online reviews, even if such service tiers advertise unlimited phone and email help, it frequently involves quite a fight to receive a clear answer to your problems.
Equally dreadful is the refund policy, which is nonexistent. On their website, they don’t make any promises, leaving you to wonder how they will settle complaints regarding the caliber of their services.
They will not honor your refund request if they have already forwarded your documentation to the business office of your state.
In addition, they charge a $30 cancellation fee, which makes it very challenging to delete your payment information from their database.
Incfile Packages and Pricing
Silver, Gold, and Platinum are the three tiers offered by Incfile. Three different options are available to you, each of which improves on the level of service provided previously.
On their website, you can undoubtedly look through the precise services included in each plan for yourself. However, each package’s details are listed below.
Silver Package (Basic) – Free LLC Formation
This is Incfile’s entry-level package. The Silver Package covers unlimited name searches, filing of the articles of organization, and other things.
It is free. While forming your LLC, an extra state filing cost will be assessed. State-by-state variations exist for this fee.
These state filing fees may be tax deductible in some states. Consequently, you can wind up with an LLC that is completely free. The primary components of this bundle include,
- No-cost LLC Creation
- 1 year of free registered agent service
- A limitless number of name searches for your LLC
- Remarks of the Organizer
Gold Package Recipients
This bundle is available to startups and small companies. Small firms with tight budgets might think about using Incfile, which provides free registered agent service for a year and zero-cost LLC incorporation.
Gold Package (Premium)
The premium Gold Package from Incfile costs $149, not including state filing fees. The organization suggests this bundle because it includes the majority of the crucial services required to create an LLC.
Each state has a different state filing fee. If the state benefits tax-wise from the fee, then the LLCs will likely only be responsible for paying for the Gold package. This package’s features include,
- Operating Agreement
- IRS form
- Unlimited email and phone support
- Business tax consultation
- Business bank account
- Free registered agent service for 1 year
- File Articles of organization
- Unlimited business name search
- Obtain EIN
Gold Package Beneficiaries
This bundle is suitable for beginning companies and new business owners that have some extra cash to spend.
Everyone wants a service that is free, but this bundle also comes with an Operating Agreement, which is a significant legal document.
This service is not included in the Free Silver Plan. Small and medium-sized businesses can choose this plan.
All the services offered in the Gold Package are also included in the Platinum Package, along with a number of other services. $299 plus State filing fees is the price.
The Platinum Package comes with everything a businessperson needs to launch and develop an LLC. Services like a domain and business emails are free with this bundle.
Along with the services from the Gold Package, the Platinum Package also includes the additional services listed below:
- Expedited Filing
- Domain Name + Business Email
- Business Contract Templates
Platinum Package Beneficiaries
This bundle is intended for large and hefty LLCs. Everything you need to create an LLC is included in this bundle.
If you’re just getting started, you can choose the Gold Package. But if you’re a big shot, this package is for you. This package includes a domain and business email, which the other two options do not.
Time for Incorporation (Turnaround)
Next-day processing is included at no extra cost in every Incfile tier, including the Silver plan.
The remaining steps depend on how quickly you can file in your desired state, which you can do by choosing expedited filing.
You must create your account by giving all the required information. The Incfile services include LLC filing, registered agent services, tax planning, and business name search.
Read the terms and conditions before you join the Incfile service. After that, you must determine the bundle to select. Either the premium plan with more features or the free basic packages are available.
Additionally, Incfile provides a blog with articles on subjects including business industry developments, email marketing advice, and pointers for completing significant forms.
Incfile takes pleasure in offering you an easy and quick way to place orders.
The procedure is broken down into three steps: select an entity type and state of incorporation, choose a package, and then complete the required company information.
You won’t ever be unpleasantly startled by any additional fees because Incfile’s website analytical software examines your selections and automatically modifies the prices based on all the services you choose.
Additional Features and Services
The added features and services are listed below:
One of the business forms required to modify the information in your articles of organization or incorporation is the Articles of Amendment.
You will have to pay Incfile $99 plus state fees to take care of this for you.
The virtual address service may not be readily available on Incfile’s website, so we advise searching for it and Incfile together on Google. Reviews may also be few, so don’t worry.
A search for a virtual address on Incfile will undoubtedly produce results. The service is reliable, costs only $29 per month, and provides a virtual mailbox, in addition to many other advantages.
Annual reports must be submitted by all businesses to their Secretary of State. Therefore, Incfile can assist you with filing an annual report for $99 plus the state filing fee if you’re short on time or simply despise paperwork.
Statement of Good Standing
For a charge of $49 plus state fees, Incfile will be able to get a certificate of good standing on your behalf if you require formal documentation proving that your company is legally recognized and compliant with all applicable state regulations.
If you don’t feel like reading through Incfile BBB reviews to see whether its package for looking up company licenses is right for you, we are here to inform you that the money you spend is money well spent.
It might be difficult to determine which licenses your company requires, so why not let Incfile handle it for you? The cost of the package is $99.
If you want to conduct business outside of the state in which your firm was founded, you must have a foreign qualification.
Operating outside of the US is not covered by this. For $149 plus state fees, Incfile will take care of your foreign qualification.
Advantages and Disadvantages of Incfile LLC
Below are the merits and demerits of Incfile LLC:
Benefits of Incfile
- Free LLC formation service
- Free registered Agent service for one year with all the packages
- Quick turnaround time (within 1 working day)
- Quick checkout process (within 10 minutes)
- Easy to use
- User-friendly dashboard
- No hidden cost/fees
- No auto-renewal process
Disadvantages of Incfile
- Expensive add-ons
- Limited add-on options
- Slow customer support
- Difficult to reach customer support
- Difficult to process refund policy
Remarkably, the user-friendly and reasonably priced service provider is Incfile. The consumer reviews on TrustPilot are surprisingly not very good.
Their restricted add-on possibilities are the cause of this.
A free LLC formation service is provided by Incfile. Inc Authority is available if you’re looking for another free service.
However, Inc Authority charges a substantially greater price for their premium services compared to Incfile. To learn more, see my Inc Authority Review.
On the other side, you must choose ZenBusiness if you have a small budget. They charge $49 for nearly all of the fundamental LLC formation services.
Incfile Rating Factors
Each organization received a ranking based on five separate parameters during the four-stage study process.
The services provided were my first deciding factor.
Some firms for the formation of limited liability companies (LLCs) will only assist you with your Articles of Organization before kicking you to the curb until you break open your wallet.
Other business formation services provide you with an accountant’s consultation, registered agent service, online document access, and even assistance with your operating agreement.
The cost is the second consideration when deciding on the best LLC service. Other providers won’t let you step inside their virtual door for less than $399, while some start at $0 (without the state tax).
The cost of the services, or rather, the cost per service, was the second element I used to rank the services when this is combined with the broad variation in services available.
3. Easy Registration
The ease of signing up is the third factor while evaluating these services.
Some business formation services have clumsy, antiquated legacy systems that appear to have been created in a high school computer science class and developed in the late 1990s.
Others, however, have slick, perceptive, and user-friendly tools that eliminate the difficult job of starting a corporate corporation.
4. Easy Usage
The sign-up process is just the beginning of the design and operation problems. The majority of the time, whatever design and functionality flaws exist throughout the sign-up process also exist during the onboarding process.
Some LLC providers offer prefilled forms that only need to be signed and contain all necessary information.
Other services just offer blank forms, even when they already include all the relevant data, and force you to fill out the same information across 11 separate spaces.
Assessing how easy each service was to use was crucial because no one wants to waste more time than necessary, especially with all the crucial duties to finish while creating a business.
5. Consumer Assistance
Customer assistance was the last consideration in ranking each business creation service.
There are LLC services that built their support teams overseas and staffed them with locally-born employees with scant to no business background in the US.
Additionally, there are LLC services like Northwest Registered Agent, whose US-based support team is made up of former accountants, and attorneys.
However, small business owners and entrepreneurs who have first-hand experience in working with clients to overcome challenges can help you identify the best solution.
In conclusion, I would say that Incfile is one of the free LLC formation services that are reasonably priced.
You still have time to find the best LLC services, after which you can make your decision.
Incfile is less expensive as compared to other free providers because it also offers free registered agent services for a year. Therefore, Incfile is placed on your plate if you enjoy eating for free.