Updated: July 12, 2021|
Updated: July 12, 2021|
Whether you are starting a new full-time business or taking your side hustle to the next level, working with a filing service to set up your Limited Liability Company (LLC) can save time and money. It can also help keep your paperwork organized to meet all filing deadlines and requirements. You can start an LLC with a budget-friendly plan or an all-inclusive service. We’ve researched the features and services offered from IncFile, an LLC formation service that offers multiple packages to create an LLC.
Read our IncFile review to see if forming an LLC with IncFile is the right path for your business.
IncFile is highly rated by StateRequirement for its easy filing platform and included free services that business owners love.
We recommend IncFile for its free filing service and included features. Just make sure to consider if you need more than the most basic services--their higher-tier plans might be a better deal in the long run for your business.
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IncFile has three package options, with the lowest Silver-tier being their advertised free formation option. The mid-level Gold package is their most popular option for its balance of cost and services. For businesses needing a full-service package that takes them from business idea to business operations, the Platinum package is a great choice that results in the most savings overall.
You can add on additional services as you need them, shifting from one package to another through the years. Remember that all state fees are an additional cost and these vary from state to state. IncFile makes it easy to find out what fees are charged in your state before you even choose a package.
If you want to get your business off the ground without incurring any costs other than the required state fees, IncFile provides this filing service for free in the Silver package. This package includes:
All businesses are required to submit their Articles of Organization when creating their LLC. This document outlines how your business will operate and who will take on the various responsibilities for the business. IncFile uses a standard template, which you can then customize for your business. It includes everything required by your state. Once you approve the Articles of Organization, IncFile will file them with your state.
IncFile will also help you decide on a business name. This package includes unlimited name searches with an LLC lookup as you brainstorm ideas. You can also use their Learning Center resources, such as the Business Name Generator, to come up with the perfect name.
The free included Registered Agent service is a fantastic offering from IncFile. All LLCs are required to have a Registered Agent on file to correspond with the state filing authority on their behalf throughout the year Many business owners delegate this task to a third-party service like IncFile. You will need to pay for this service after the first year, however.
You will need to file for an Employer Identification Number (EIN) with the IRS yourself, as well as set up your business bank account. These extra steps can be cumbersome. If you think you will want help with these formation requirements, opting for a package that includes them may be more economical than adding them on later.
At $0 for the Silver package, it doesn’t get any more budget-friendly than this option. Just be ready for IncFile to advertise great additional services throughout the process. If you are looking for anything more than the most basic LLC formation service, it’s a good idea to consider one of the higher tier packages from the beginning to save money in the long run.
The most popular option from IncFile, the Gold package includes everything needed to create your LLC and get operations up and running. This includes everything from the Silver package as well as:
One of the top benefits of choosing the Gold Package is that IncFile will take care of all required steps to get your business established with the IRS. Having your tax paperwork in order can save you headaches later and help you avoid any fees or penalties from making mistakes when trying to do it yourself. You can even get tips on how to take advantage of tax write-offs for your business with the included business tax consultation.
This package also includes an LLC Operating Agreement and Banking Resolution, two documents that you will need to have to set up and use a business bank account. This is an important step to separate your own financial assets from those of your business. IncFile has a partnership with Bank of America to get your business bank account set up. If you prefer to use a different bank, this may not be the service that you need.
The Lifetime Company Alerts provided from IncFile for its Gold Package clients will also help you stay in compliance with filing requirements and deadlines. No matter if you use IncFile for a year or throughout the life of your business, you will get these alerts. You can also check the status of your business services on the easy-to-use online dashboard or by contacting IncFile’s customer service team.
This plan is more expensive at $149 annually. You will save hours of time, however, by having IncFile take care of these additional steps to get your business set up with the IRS and bank. You can better spend that time focusing on growing your business.
The Platinum package with IncFile includes everything you could need when creating your business. In addition to the top-rated services already offered with the Gold Package, you will also get:
If you are ready to focus on marketing your business and growing right from the start, these services are essential. The Business Contract Templates cover everything from independent contractors to employee agreements. You can also find templates for bills of sale, terms of service, and privacy policies. All the templates have been reviewed by IncFile’s legal team so you can be sure that they will work for you if ever challenged in court.
The expedited filing process may be a big factor for some business owners and states. If you want to get things going as soon as possible, the expedited filing service can cut down your processing time from weeks to days. Keep in mind that IncFile cannot control the state’s processing time, so you may still end up waiting for a while if the state has any backlogs or delays. This feature just puts your file at the top of IncFile’s pile.
One of the best values in the Platinum package is the domain name and business email address service. You can expect to pay $100 or more from other providers for your own website hosting and email. Including it in this package is a great way to save money.
This package from IncFile costs the most at $299 annually. While it is expensive, the Platinum package is the best value overall for the services it includes. Remember that state fees are separate from the package cost, although they are paid at the same time to IncFile. Do not be surprised to get a bill of up to $500 or more depending on your state when you choose this all-inclusive package.
TrustPilot ranks IncFile 2.7/5. Many users commented that reading through all provided documents and information helped them make the most of their experience. IncFile Reviews with a positive rating often included IncFile customer support personnel by name, commending them for their help.
We rank IncFile as #2 in our review of the Top LLC Services. Other services that competed against IncFile were:
IncFile is one of the only LLC formation services with a completely free filing option (plus state fees). This package only includes what is needed to get your LLC formed with your state. You will still need to obtain your own EIN, business bank account, and a business website, license, or email if you need them. If you just want to get that first step done by the professionals, using IncFile is definitely worth the cost of $0 to form your LLC.
You do need to pay for the services in the Gold and Platinum packages, but the costs are comparable to many other LLC formation services in the industry. Choosing a package is more budget-friendly than paying for those additional services a la carte.
You can use IncFile’s services for one year, which is a popular option for business owners who just want to get through the formation stage and then take care of their annual filing requirements independently. Other businesses like the ongoing Registered Agent service or business domain and email hosting services. They opt to renew their IncFile plan each year to continue using these features.
When forming your LLC, you are required to designate a Registered Agent. Because this individual or company is publicly filed, many business owners like to have a third party such as IncFile provide this service. It provides some protection for your personal information as well as maintains continuity if you do choose to move or relocate while running your business.
IncFile advertises their Silver Package as being completely free. While they do not charge a fee for their services, you will need to pay the applicable state fees. Once you go into your LLC formation steps, this is very clear before you choose a package and pay.
One of the top criticisms with IncFile’s services is that many of the add-on services are expensive for what you get. The happiest clients are those who have used IncFile for their LLC formation, then gone on to run their business themselves. Visit our StateRequirement LLC guide for more information about your state’s annual requirements, filing process, and deadlines.
If you want help getting the first steps of your LLC formation going, the free service through IncFile is just what you need. Their additional services are best used as part of a package for greater savings.
Information on this page has been gathered by a multitude of sources and was most recently updated on June 2021.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state's authority on insurance.
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