Best LLC Service - Don't Overpay 💵 (Bizee formerly incfile vs ZenBusiness vs TailorBrands)
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- čas přidán 2. 06. 2024
- Our comprehensive calculator that shows your 5-year cost for your State here ➡️ bizbuddy.com/llc-cost/
Here's how we break down the top 5 LLC formation services 👇👇 Below the paid links is an explanation of how we arrived at the list and recommended packages.
1. Bizee (Formerly Incfile) - bizbuddy.com/bizee-llc
2. ZenBusiness - bizbuddy.com/zenbusiness-llc
3. Northwest Registered Agent - bizbuddy.com/northwest-llc
4. LegalZoom - bizbuddy.com/legalzoom-llc
5. TailorBrands - bizbuddy.com/tailorbrands-llc
Recommended Package: Bizee Gold
Rationale: The midtier Bizee package sets you up with EIN and business banking from day 1. This is going to make your setup and year end financials so much easier for you when everything is setup correctly day 1. Choose Your State Here! ➡️ bizbuddy.com/Calc-Bizee
Let's breakdown where that ranking comes from when comparing Bizee vs ZenBusiness vs TailorBrands vs LegalZoom vs Northwest Registered Agent.
5 - TailorBrands I found to have the least transparency on pricing, services and packages. You pretty much have to email support to figure out what is you're buying and how much it costs. They have the least amount of track record in the LLC formation space. They also have subscription fees in the mid/high tier packages.
4 - LegalZoom has the longest track record but has taken on so much investment that they are far and away the most expensive service.
3. Northwest Registered Agent hasn't taken on any funding and they're affordable. They have good options for out-of-country business owners trying to set up an LLC in the US
2. ZenBusiness used to have higher fees but has recently started a $0 plus state fee to match Bizee/Incfile. They don't offer the registered agent free for the first year so if you want that you can go with Bizee to save some money... however they offer a guarantee of their service with helpful customer support.
1. Bizee is the most affordable, most transparent, and doesn't nickel and dime you with various fees. They allow you to choose what services make sense for your business and not force you into subscriptions. The first year Registered Agent being free is a huge bonus. Again we'd recommend the mid tier package (not a subscription) for most new business owners.
Table of Contents:
0:00 Intro
1:11 The importance of having an LLC
1:40 Introduction to the new LLC Calculator
2:28 How to save + $1467
4:22 Recurring Fees
5:13 Piercing the Corporate Veil
5:48 State Fees
6:30 Registered Agent
8:20 Warning: Subscription Fees
10:08 EIN Number
10:38 The "Next Day Filing" BS
11:23 Private Investors Money (Venture Capital)
13:25 Expedited State Filing Fee
13:54 Business Contract Templates
14:25 Save even more money with Bizee ➡️ bizbuddy.com/Calc-Bizee
15:51 And the best option is...
17:05 Bizee Review (Formerly Incfile)
Disclaimer- I am not an attorney or a CPA, just a small business owner who has researched this information thoroughly while setting up my own LLC (S-Corp now). This is meant as educational information but now legal advice in any way. If you need legal advice please consult with your attorney and CPA on the best fit for your needs.
#llc #pricecomparison #truecost #bizee
Our comprehensive calculator that shows your 5-year cost for your State here ➡ bizbuddy.com/llc-cost/
Here's how we break down the top 5 LLC formation services 👇👇 Below the paid links is an explanation of how we arrived at the list and recommended packages.
1. Bizee (Formerly Incfile) - bizbuddy.com/bizee-llc
2. Northwest Registered Agent - bizbuddy.com/northwest-llc
3. ZenBusiness - bizbuddy.com/zenbusiness-llc
4. LegalZoom - bizbuddy.com/legalzoom-llc
5. TailorBrands - bizbuddy.com/tailorbrands-llc
Recommended Package: Bizee Gold
Rationale: The midtier Bizee package sets you up with EIN and business banking from day 1. This is going to make your setup and year end financials so much easier for you when everything is setup correctly day 1.
Let's breakdown where that ranking comes from when comparing Bizee vs ZenBusiness vs TailorBrands vs LegalZoom vs Northwest Registered Agent.
5 - TailorBrands I found to have the least transparency on pricing, services and packages. You pretty much have to email support to figure out what is you're buying and how much it costs. They have the least amount of track record in the LLC formation space. They also have subscription fees in the mid/high tier packages.
4 - LegalZoom has the longest track record but has taken on so much investment that they are far and away the most expensive service.
3. ZenBusiness has a good track record but also a history of sneaky subscription fees. Now they're pushing an optional subscription for the lowest package. It's very easy to overspend with ZenBusiness subscriptions.
2. Northwest Registered Agent hasn't taken on any funding and they're affordable. They have good options for out-of-country business owners trying to set up an LLC in the US
1. Bizee is the most affordable, most transparent, and doesn't nickel and dime you with various fees. They allow you to choose what services make sense for your business and not force you into subscriptions. The first year Registered Agent being free is a huge bonus. Again we'd recommend the mid tier package (not a subscription) for most new business owners.
This is so helpful
spent hours doing research, and this was able to just quickly summarize it AND provide factual evidence.
No empty review a single pricing service, no paid sponsorship or affiliate links for one specific provider
Thanks a lot
That’s exactly what I’m going for. Thanks for the feedback.
I am so glad I came across your page before I registered to obtain a Registered Agent. You just saved me about $900.00. I am a subscriber now! You did an amazing job comparing these companies.
Awesome to hear. Thanks for sharing!
I was just about to go with Zen Business for starting an LLC, but then I decided that I should look up some reviews...I found a couple youtube videos, but they were SUPER sketchy, glowing reviews, but all the comments felt like they were written by non-English speakers, and asking questions that seemed like they had been answered in the video with really canned, corporate feeling responses from the video creator, who at one point used the pronoun "we" as if he was speaking as a rep for Zenbusiness himself. The second video I watched had the exact same video clips from the first, and maybe not the identical script, but there were definitely some of the same sentences in there, and the voice sounded really AI...the comments on that video had the same vibe as the first. Anyway I ended up going to my state's Secretary of state website, where they had their own explainer videos on how to set up the LLC and it was super easy.
So glad I found you. Thanks for this great information!
This was amazing. So great that I came across this video.
I have never been so quick to subscribe a channel before. Crystal clear information to the point.
This has been extremely helpful! I really appreciate your time and effort in explaining all this to us.
Wow, you're amazing! I was debating on this for a while 😅 I'll be using your referral link tomorrow. This is so exciting 😆 THANK U!
Hey there, fantastic content. Also the link to the calculator was sol helpful. Will check out more of your stuff :)
Thank you for the video!
It's the best video out here. Clarity, roadmap to make our own decision
thank you for making this video. it was very helpful to learn about these as Im starting my own bookkeeping biz and i wanted to start an LLC and now i have more knowledge of incfile and legalzoom and which one ill be choosing to create my LLC.
bro your analytical quality level is a punch on my face. Well done! haha
I'm in Alabama and just subscribed. Your clear and transparent information made my choice easier. And gotta say you should have 1MM subscribers for the value you provide.
Thank you so much. This was very helpful.
Great video, thanks!
Thanks for the great info!
Thank you so much for this insightful video!!!
Thank you and your team so much for building that calculator.
I’ll let them know you said that! Thank you.
Very good video! Thanks!
Thank you for creating this calculator!
Amazing job with this video! I feel very confident in my decision to use incfile and will be using the affiliate link because this video helped me so much!!!!!
so grateful I found this video!!!!!
excellent thorough explanation, am now an informed small business owner!
This was so so helpful! Thank you for taking the time to share this valuable information.
Thanks for the thoughtful comment 😀
Super helpful video, thanks so much!
Glad I found you. Straight to the point. Thanks for the calculator. I will use your referral link. 😉
Thank you for the support. We also submit a $20 donation to a local charity on your behalf when you use our affiliate link so thanks for the support there as well!
This was the most detailed and informative. Thank you :)
Really appreciate it. Thank you.
Thank you and your team for the hard work, dication and INFO provided in this amazing video
Thank you. We are really diving in deeper as of late with content and resources so I appreciate the feedback.
Thanks so much for this 💚 Pretty overwhelming for someone starting off so these service sites are very appealing
I look at it like this.
If spending a few extra bucks with setting up your business lowers the resistance then it’s always worth it.
Entrepreneurship is not a 100% strategic game where you fully optimized every dollar. It’s emotional too and making certain aspects easier allows you to save energy and spend it on necessary tasks.
Took me a long time to figure that out as I always did everything the hard way.
I had to subscribe,you gave me the full breakdown of what I needed to know. Thank you good sir!!!!!!! I finally found a great video to explain everything.
Thank you. I appreciate the feedback.
I wish all CZcams were this valuable. Awesome job, man!
I can’t thank you enough for these types of comments. It’s really motivating me to make more calcs and other resources bc it’s a ton of work upfront but to know it’s really helpful is awesome.
Thank you for the information.
Sure thing!
Thanks for posting this vid
You're the man Eric. Your instructional videos have been super clear and helpful. About to start my own LLC. Will use your referral link.
Thank you so much for the feedback and also for supporting the team. This video and calculator was a bigger project for us for sure.
@@bizbud You and your team are greatly appreciated. These videos along with the educational blog posts on Inc File have given me more confidence as I begin the process. I'm a physician and I have been recommending your videos to my colleagues who are looking to create their own business entities. Sending you and your team good vibes so that y'all can keep helping everyone.
The only video you need in your journey to set up your LLC online good work dude and thank you 🔥🔥 valuable
Thank you so much!
Great review of the top 5 in terms of basic packages, fees and which are subscriptions. Thanks to you and the team! I'd love to see what you think if a company is more complicated or wants full turnkey solution with Legal and Tax services. Seems like those are the additional services you get with a more expensive company like LegalZoom and would be included in the $747 total year 1 costs ... which for some would be totally worth it. You're likely going to need these services anyway and could cost you a lot more.
Every business owner needs to see this
This is a great tool! Helps cut a lot of the bias or paid promoting out of the other CZcams videos that recommend different services.
Thank you. To me this purchase isn’t like hiring a contractor where you’re figuring out cost vs quality. All the services (minus TailorBrands) seem legit to me so the final cost matters more. It’s not like LegalZoom is going to do a better job than incfile or zenbusiness. It’s just paperwork and processing mostly.
Tailor brands comes with a package of everything that's what I love about their services.
This info was extremely helpful as I’m in the process of filing for my L.L.C. Thank you again for an easy, step by step video. Very informative and made my decision far less stressful when choosing one of these companies.
Thank you for the kind feedback!
Currently filing my LLC and this video skipped all the extra and got to the nitty gritty and explained it in simple terms. Thanks, new subbie!
Thanks so much for the comment. I really appreciate the positive feedback.
Big hug! thx you Eric
YOUR A SUPER LIFE SAVER!
spend all morning deciding what to do
NOW I KNOW WHAT TO GET THANK U
Thank you!
@@bizbud your welcome 🫡
What’d you use
Wow just found you, thank you so much for this!
I used legal zoom last year, how does a person switch over to say Incfile from legal zoom so I don’t have all those fees over time?
Thanks man, you save me of made a bad choice.
AWESOME VID 👑👑👑💯💯💯
Thanks for this. I did mine years ago when a post office box was encouraged not have. Have you done a video for those that may have already created an llc and then learned after the fact about having a post office box and the process to modify it? I still have more research to do but just curious. How to get the registered agent, or other address and how to modify it?
Gratitude! 🙏🏽
Such a helpful video! Thanks for sharing! Can you add the link to set up your own EIN for free?
thoughts on rocket lawyer and swyft filings?
Solid!
From my experience incfile is the besstttttttttttttttttt
How much are they paying you? 😭😂
Thank you so much for this information! You are fantastic at what you do! I do have 1 question, what website are you using for vetting these sites? You went into how you saw that legal zoom & zen business have venture capitalists. That website :)
Thanks Mike. I started with a Google search but I believe TechCrunch was the one with that public data.
Just liked and subscribed. Great info. Definitely going with Inc. the only thing i am unsure if say in a week I start the business and start buying things for the business, will it be tax deductible? My business is steadily making money but dont know if it is the right time to make it legal. If i can start deducting right away , i wouldnt have a problem reporting all my income
Yes just keep track and keep the expenses separated. Any legit expenses are business expenses
Really like the video just have question i'm in florida and through the sunbiz website when filing they have a turnaround time of 3 to 5 days for filing most of the services I've seen. Most of the services have higher turn around time then that lowest i had seen was 10 days when paying for the expedited option why is filing it through the state agency so much quicker or does it take longer to get approved for the other documentation and certificates
Good question and not 100% sure but did you call and they told you that or is that what it said on the site?
Some of the state sites will list a static time but (some) of the services have dynamic times meaning they show you an updated timeline based on the last XX number of orders.
Check out this video for more context:
czcams.com/video/vW4_7UZJetw/video.htmlfeature=shared
Have you ever heard of Doola?
I appreciate you doing this video 🙏. I always overthink and I’m indecisive because I want to get the best deal so I haven’t done this step yet. Do you recommend I just go through a lawyer in my state of South Carolina for my dog walking business? I’d rather pay a big fee once then have multiple subscriptions and fees. What do you recommend? I appreciate it.
What’s your business you’re setting up?
Is it a single member LLC?
Or do you have partners?
Hey, I live in Canada and want to make a LLC in Delaware whats the difference if I live in the states vs Canada?
Living in NJ, I just set up directly on the state website - it took me only 30 minutes, which also included the IRS EIN number request which was free in took 5 minutes. You really should discuss the free option for going directly to state website.
I live in Nj too how was your process
Did I miss the link for setting up the EIN?
Great video, thanks for the info. Are the fees for those services a tax write off because it part of setting up your business?
Yes they are. Just keep track of your receipts for tax time.
ខ្ញុំចូលការនិយាយរបស់គាត់
one question do I still need to apply for a business license or does that state fee include it when using things like incfile?
Yes you need to research if you need any biz licenses. Incfile has a research package that does this for you but you can also research your state site, county and city to see if you need anything. Not every biz needs a license.
What about clemta !
What about rocket lawyer
damn I understood things better after this vid
Do you know of any companies that help build websites for businesses (starting out) - low pricing?? Need info
If you’re looking for under $1000 I’d go drag and drop website builders such as squarespace
What do you recommend for someone who already formed the LLC and just need the additional services
Try out bizee. You can add your company to your dashboard with them.
@@bizbud thanks a lot I was definitely considering bizee or Tailor brands
@@bizbud and I'm definitely gonna use your link to sign up
Your chart in your video says Bizee does not charge an expedited filing fee nor next day filing fee. they now charge $100 for 5 day filing time.
I just purchased an llc with them on the lowest package and it came through the next day. Can’t say it will be the same for you. Thanks for the update.
INC file has a 8 week turnaround time for starting and LLC , why does it take that long ? not even mail takes that long
Are you in PA by chance?
They were way behind few months back. Also incfile lists the actual time based on dynamic data meaning it’s based on how the last XX orders went with the state. Other services just tell you it’ll be shorter and it’s longer.
Does your calculator do the different packages with bizee?
It does not but the difference in price is just the package fee. So if you go with the golf package it’s $199 more and that isn’t a subscription.
Can’t remember off the top of my head what the platinum package costs. P
Am assuming your not counting taxes and etc for tailor brands already spent little over 1300 in the first year
Sorry to hear that. I’m not including taxes if you’re talking about the deduction?
INCFILE only offers next day filing with its top package its not free
You're correct. This was a mistake on my end (they may have changed that) but thanks for pointing it out.
En pañol please 🙏🏼
Does this also come with a resale license ?
Do you mean state sales tax setup? It doesn’t come with that.
Which llc is the best
Bizee in my opinion. Cheapest. Transparent and great support.
Correct me if I am wrong but I think tailor brands now have annual compliance on their elite LLC plan
Yes in the calc I’m comparing the lowest basic packages. You can only get the annual compliance if you do their top tier plan which is a subscription service.
Haha I'm in Alabama
Hey Eric I have some questions I would I be able to have your email
Could you be anymore excellent?
What’s your phone number? I’m going to have you call my lovely wife to talk me up 🤣