Inc Authority LLC Service Review in Virginia

Starting a business can be quite expensive when you really get down to it – the state fees, attorney fees, professional accountancy fees and the list continues. It thus becomes quite challenging when you start looking for company formation services and finding that they also require a pretty dime for their services. However, what if someone told you that you could get your business formed for free? What would you say to that? Well, unlike many services in the market, Inc Authority is willing to help you get started at no cost, save for the state fees. Read on to find out what makes this setup quite different from its counterparts.

This entity has been around since 1989 and has formed more than 130,000 since its formation. You can thus safely conclude that the company knows a thing or two about business formation’s ins and outs. While they offer quite a range of services, they stand out regarding their payment policies. You can start your company with them at no cost! If you look around at other offers in the market, you will find that less than a handful can offer this convenience.

It is thus not a surprise that this company has grown to occupy a huge part of the market. Think about it. Most businesses are startups grappling with tight budgets and will thus go for the cheapest effective option. And which company would that be if not Inc Authority? While its services are cheap, they are certainly not of poor quality. Thus, one has to wonder if there is a catch to this cost.

From the more than 4,000 reviews online, one can see that it ranks among the best LLC service companies online. However, it does help to dig further into this topic and reveal what this service could have in store for you. Let’s get to it:

Packages

Inc Authority Virginia LLC is similar to most companies in its industry as it offers a variety of formation packages. Clients can go through the features of each and decide on one based on their immediate or future needs as follows:

Free

The Inc Authority Free package definitely catches the attention of anyone trying to save money when going into business. It costs $0, save for the state fees, which is quite affordable to most people. After all, the state fees are mandatory regardless of the package one chooses. This setup comes with the following features:

• A Name Check. The site will run your preferred name through its extensive database, enabling you to know from the very start if your naming is feasible.
• Registration Documents. Not only will you get an agent who will draft your articles of organization but the company will also file them on your behalf. Thus, you can sit back and wait for due processes to take place as you prepare to embark on your business processes.
• Point of Contact. In addition to starting your business, Inc Authority LLC Virginia will also come in as your registered agent, serving you for free for a good year. That means that it will handle all legal documents sent to you and will ensure that you get timely reminders. If you choose to keep their services a year after formation, you can do so at a fee of $99 each year.
• Tax Election. You can decide to get taxed as an S corporation and if you do so, you can rely on this company to prepare and file the necessary election forms.

Additionally, you also get some additional services such as checking accounts, fiscal consultation and funding analyses performed by third parties in collaboration with the agency. All these features bundled together for free make this quite a great option for most entrepreneurs.

Starter

While the free option is good, it does not include all that you may need for your business. Hence, this Inc Authority Starter package may be what you need, priced at $399, exclusive of the state fees. It includes the following:

• An Operating Agreement. This document outlines how you will run your operations and is essential in the event of disagreements in the future. The company will draft this on your behalf, enabling you to protect yourself legally.
• Company Binder. Not only can you stay organized with this but the agency also provides you with a seal for a more professional setting.
• Certificates. All members of your company can get ownership certificates to show their stake in the venture.
• EIN. This ID comes in handy in opening separate accounts, bringing people onboard to work in the company and paying taxes. The agency will apply for this on your behalf.
• Customer Support. A lot goes into running a business and the agency will ensure that you are up to date with your licenses and legal documents. It also helps you navigate audits, banking issues and other emerging areas of focus.

Executive

This Inc Authority Executive package goes for $499 exclusive of the state fees. In it, you get everything outlined in the above two packages plus the following add-ons:

• A Website Domain. If you would like to register a website for your company, the agency can do this on your behalf.
• License Report. Some businesses require special permits to operate and navigating the legal issues that arise with these licenses can be tricky. This report enables you to check which permits you need before operating so that you can get these out of the way beforehand.

Tycoon

As the name suggests, you will pay quite a hefty fee for this Inc Authority Tycoon package which starts at $799, exclusive of the state fees. Under this, you get everything offered in the previous three packages, with the following inclusions:

• Priority Processing. When you make an order, yours will be treated with more urgency compared to people using the other packages. It is thus ideal for people in a rush to get started with their operations.
• Business Credit Help. You also get access to software that helps you learn how to go about business credit, how to get resources to help with this and how to develop your credit. Additionally, you get credit bureau registration, enabling you to get one foot in the game.

If you would like more information on what is available in the individual packages, please have a look at this.

Pros & Cons

What perks and drawbacks result from using this free LLC Inc authority?

Pros

• Not many companies will allow you to use their business formation services for free but this agency does. At present, less than a handful of companies have this option.
• You also get to enjoy a year of free agency services, enabling you to focus on your business operations while the agency does your correspondence on your behalf.
• The company has been in operation for a long while and you can expect it to use its wealth of experience when handling your documents. Professionalism takes the lead in this case.
• Many customers have left good reviews about the company which are readily available online. This feedback is a show of how much value the company gives and how invested it is in doing what is right for its clients.
• There is often an option to get a discount on services offered of up to 20%. Finding the offer is tricky but lingering in the order form page often leads to a pop-up of the same. Thus, saving more money is always an option.

Cons

• While their first package is free, the subsequent purchases are quite expensive with their cheapest premium package costing $399. Compared to other options in the market, this is quite costly.
• It does not help that this company does not offer refunds and will not reimburse any money spent on their services. Given that its competitors are willing to offer money-back guarantees, this does not look good for Inc Authority.
• The interface can be pretty hard to figure out at first.

Should You Start an LLC With Inc Authority?

You must choose Inc Authority if:

• You do not have much money to spend on registration services and would appreciate doing it for no cost
• You value positive customer experiences

Do not choose Inc Authority or find a suitable alternative if:

• You would rather not pay high prices for premium packages

There are many good alternatives for people looking for good premium packages, with a good example being ZenBusiness.

Final Verdict

If your goal is to start an LLC without the added frills, Inc Authority in Virginia would be a good choice as it offers basic features at no cost.

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Frequently Asked Questions

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