Incfile is an online service that helps you form a business entity. It offers a variety of packages at different prices and comes with a wide range of features.
You can form an LLC, S corporation, C corporation, or nonprofit with Incfile. Its free option doesn’t restrict you to a particular structure, making it an appealing choice for solo entrepreneurs and small business owners.
Articles of Organization
The Articles of Organization needed to incorporate a business with Incfile are a formal legal document that outline the management structure, rights, powers, duties, and obligations of a company. They are typically used by limited liability companies (LLCs) and their members to establish the specific procedures and rules that should be followed in a company.
To file the articles of organization, a business owner must complete and submit a form to their state’s secretary of state office. The form requires a variety of information about the company, and it is then reviewed by the state agency before it is approved.
Once approved, a business owner receives a Certificate of Incorporation and becomes an officially recognized corporation in the state. This designation gives the company a number of advantages, including different liability for company debts and the ability to issue stock. The company also may receive favorable tax benefits.
Registered Agent
A Registered Agent is an individual or business entity that accepts legal and tax correspondence on behalf of your LLC, C-corporation, S-corporation, or nonprofit. They also forward mail, scan documents and provide timely notifications about pending compliance filings.
If your company doesn’t have a registered agent, you could miss important government correspondence, or you may be held liable for failure to respond to a lawsuit. This can lead to default judgments, fines and penalties for your business.
Using an experienced registered agent is important because it saves you time. Having someone else take care of these responsibilities frees you up to run your business.
Incfile offers several services that help you form limited liability companies (LLCs), C-corporations, S-corporations and nonprofits. They also offer bookkeeping and registered agent services. However, some of their add-ons can be expensive, and the business website features aren’t as extensive as those offered by other online business services.
Annual Reports
When incorporating your business with Incfile, you may be required to submit Annual Reports that are specific to your state. These documents help keep you in good standing with your state and avoid penalties.
IncFile makes filing annual reports as simple as possible. They can notify you of upcoming state requirements and send courtesy emails that will alert you to renewal and compliance deadlines.
They also have an excellent client dashboard where you can store all of your company information, document uploads, and reminders about upcoming filings. This will save you a lot of time and hassle.
While IncFile is a solid choice for business owners, it does have some shortcomings. Specifically, they make a lot of money from add-ons and upgrades so it’s important to be aware of their offerings before you sign up. They also have a reputation for being stingy when it comes to customer service, as reflected in many reviews on Trustpilot and other online review sites.
Taxes
Incfile can help users form a variety of business entities. These include limited liability companies (LLCs), C corporations, and S corporations.
Incorporated in 2004 out of Houston, Texas, Incfile has more than 1 million LLCs and corporations formed since it launched. Their streamlined business formation services have helped thousands of small business owners and entrepreneurs get started.
The process of incorporating a business with Incfile is quick and easy, with personalized steps depending on the state in which you live and the type of business you want to establish. The website also offers helpful entrepreneurship guides, bookkeeping services, and business license searches.
For LLCs and C-corporations, the company can help you obtain an Employer Identification Number (EIN). This nine-digit number is used by a business for filing taxes, opening a bank account, and hiring employees.
