Inc Authority Review
Updated: July 12, 2021|
Updated: July 12, 2021|
Working with an LLC formation service can help get your business off the ground by taking some of the paperwork and filing requirements off of your shoulders, leaving you free to focus on your business. There are a lot of LLC formation options available, with each providing different services at both budget and premium prices.
Read on to learn more about starting a business with Inc Authority.
Inc Authority provides great customer service and features, all with a free LLC formation option. The add-ons can be expensive, however, so consider a money-saving bundle if you know you want these extra services.
We recommend Inc Authority for business formation if you know what you want and aren't prone to being talking into more expensive services that don't actually fit your needs. Their packages are all priced well and include great features, but the sales tactics used by the company seemed more aggressive than supportive.
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There are three main tiers when working with Inc Authority to form an LLC. The company pushes its free formation option, which sounds like the best deal for most new business owners. While it does cover the basic essential steps to form an LLC in your state, there are a few key items that are not included, such as an Employer Identification Number (EIN), which is required by the IRS. If you choose the free formation option, Inc Authority will market these additional services frequently, with a goal to turn you into a long-term paying customer.
If you know that you will need additional services, such as an EIN, email, and website, and other business services, choosing one of the bundles offered by Inc Authority can save quite a bit of money over paying for these add-ons after you opt for the free formation plan.
Most businesses will get the most value out of the Starter Business Bundle. This package includes:
To get your business started with the state and federal government, you are required to submit your business’ Articles of Organization and application, as well as have an EIN. To set up a business bank account, most banks require an Operating Agreement/Bylaws and a Banking Resolution as well. This bundle takes care of all of these documents, which allows you to get started on growing your business from the very beginning.
Many of the consultations and evaluations provided through Inc Authority are in partnership with specific businesses and organizations, such as Bank of America. This doesn’t mean that they aren’t reputable businesses that offer good services and reasonable prices. But it does mean that any consultation or advice you receive will be geared towards working with these businesses, which may not be the right fit for you.
The Success Advisor does offer great value, especially if you are starting a new business and have a lot of questions. For an entire year, you will have unlimited phone and email support through your Success Advisor, who can answer questions and direct you to resources dealing with taxes and accounting, the IRS, state licenses, payroll, lawsuits, and business banking.
The price for the Starter Business Bundle is not listed on Inc Authority’s website. The company really pushes customers to their free formation service, clearly hoping that you will pay for extra services a la carte. I was able to get a quoted price of $356.90 on the phone, which included my state fees of $127. States set their own registration fees, typically between $40 and $520. The Starter Business Bundle is a good value, even if it does take some digging to get to it.
If a business website is on your to-do list, the Executive Business Bundle can lock down your domain name when you first register your LLC. Many businesses want a website name that is easy to remember and find, often choosing their business name or some simple variation. If you wait too long between registering your LLC and setting up your website, another business may take the domain name. This leaves you to choose between settling for a website name that is not as good or going through the lengthy process to rename your LLC.
Pricing for the Executive Business Bundle was not listed on the website. A Business Startup Specialist advertised it as included in the Starter Business Bundle, which is a great deal. Make sure to get a personalized consultation before purchasing this higher tier bundle, as the additional services may be better added to the Starter Business Bundle.
For the fastest LLC formation, the Tycoon Business Bundle from Inc Authority offers expedited processing in states that offer it. This does add to the overall cost to form your LLC and will vary by state. This highest tier option from Inc Authority also includes BizCredit Express. These extra services are designed to help you establish, grow, and understand your business credit.
Remember that Inc Authority has an exclusive partnership with Bank of America, so these features will be tailored toward their offerings and accounts. If you plan to use a different bank, you may not be able to take advantage of a lot of the services included, such as pre-approval for business credit and Inc Authority’s credit-building system.
Like all of Inc Authority’s packages, the price was not listed on the website. It took some digging to get a quote, mostly because the overall costs are so variable based on state fees. If you want to take advantage of some of the most comprehensive services offered at Inc Authority, your best plan is to talk to a Business Startup Specialist to get the best deal for your set of business needs.
In North Carolina, the Tycoon Business Bundle adds $200 to the overall cost of LLC formation to have an LLC formed within 3 days instead of the standard 10 day processing time. This is not a significant time difference for most and not always worth the higher cost. If forming your LLC right away is a priority, it is nice to have this option available.
TrustPilot ranks Inc Authority 4.8/5. They have an impressive 5,835 reviews, with 96% of customers rating them Excellent or Great.
Inc Authority is Shark Tank’s Daymond John’s official business formation partner.
We rank Inc Authority as #4 in our review of the Top LLC Services. Other services that competed against Inc Authority were:
Yes, Inc Authority provides legitimate business formation services and has over 5,800 reviews from happy customers. This is one of the highest-rated LLC formation services in the industry. Their customer service is cited by many clients as the reason that they have been happy with their experience, with business startup specialists available to answer questions during the LLC formation process and a Success Advisor available for a year after formation to help.
Yes, the Success Advisor acts as the Registered Agent for your business. They can also answer questions that will help your business grow, including pointing you to resources for tax advice, website creation, and other business needs. This service is included with LLC formation through Inc Authority.
One of the top-rated aspects of working with Inc Authority is its fantastic customer service. This mostly comes from the Success Advisor who helps you get your LLC off the ground. Covering everything from IRS requirements to how to navigate your state’s licensing system, the Success Advisor can answer questions or point you to other resources and professionals. Inc Authority does have professional partnerships that they promote, so some of the resources that you get are tailored to working with these partners.
Inc Authority definitely points customers in the direction of their free LLC formation service. This includes the essentials that you need to register as an LLC with your state. What is not mentioned is the additional extras that you will likely want to purchase after you take advantage of the free stuff, which can quickly add up for a higher overall cost. These add-on services are extremely useful for new businesses who want to take administrative paperwork off their plate, although you can DIY many of them for free. If your budget is the most important priority for your business, use the free formation service and say “No” to the extras. If you want to let a third-party service handle the paperwork for you, the Starter Business Bundle may be the best option for you.
The features included in the free LLC formation service really are second-to-none at this price point. Just be ready for some marketing aimed at getting you to purchase expensive add-ons as you go. If you know that you want additional features, consider the Starter Business Bundle or another package for the best deal overall.
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