Most Trusted IncFile Review For 2020: Pricing, Advantages & Complaints

Incfile Review

IncFile is the second most popular business formation service in the United States. They offer a full range of services to help your company stay compliant with the IRS. The question is: are they the best option or is something like LegalZoom a better fit instead?

Review of: IncFile

Purpose: Business Formation Service

Value for Money

4.5/5

Their prices are some of the most affordable on the market.

Support

5/5

They offer high quality customer support and a fast response.

Ease of Use

4/5

XX

Effectiveness

4.5/5

Most people were satisfied with the speed and quality of service.

We Like

  • Fast customer support
  • Quick turn around time
  • Affordable prices
  • Easy to make changes in your account

We Don't Like

  • Slow turn around time for certain states

What Is IncFile?

Did you know that according to the Kauffman Startup Index, in 2017 the United States were producing 540,000 new entrepreneurs…wait for it…

EVERY SINGLE MONTH!

This, as you can imagine has created a huge need in the market for business formation services like IncFile, ZenBusiness and LegalZoom.

And because there are now so many options available, it has become difficult to decide which one might be the best one for you.

By the end of this IncFile review, you'll find out if it's the most suitable business formation service for you, or if using an alternative like LegalZoom or ZenBusiness might be a better option.

Is IncFile Right For Me?

Incfile provides legal services online and focuses on initial business formation and, once you’re set up, with business taxes and compliance.

So if you're in the start up phase or growth phase of your business then IncFile could help you.

IncFile Review: Features

  • Verify company name availability
  • Preparation and filing of articles
  • Next business day processing
  • Registered agent service (free for the first year)
  • Lifetime company alerts
  • Online order status tracking
  • Free business tax consultation
  • Lifetime customer support
  • Online access to incorporation documents 

IncFile Features: The Breakdown

Now, there are quite a few services to go over and I want to cover them all, so let's start with company formation first.

Company Formation With IncFile

Firstly when it comes to the formation of your company, they offer that in full. Meaning you can setup an:

  • LLC
  • S-Corporation
  • Corporation
  • Nonprofit

If you DON'T know what type of structure is best for your business, then this article will help you to decide.

Other Services

As you may of guessed, they don't just offer company formation services.

They also offer services related to:

  • Company changes
  • Compliance
  • Registered agent
  • IRS filings

Company Changes

If you're looking to make some changes to your company, then this is how you would do it.

incfile company changes

Here's what they offer:

  • Amendment (change of ownership, address and company name – $99 + state fees)
  • Dissolution (terminate your company – $149 + state fees)
  • Foreign Qualification (when you need to expand to other states – $149 + state fees)
  • Fictitious Business Name (if you want to do business under a different name $99 + state fees)

Compliance

Remaining compliant in the business world has become a major challenge with all the changes the government keeps making. IncFile offers services to help business owners remain compliant all all times.

incfile compliance

Here is what they offer:

  • File Annual Report (most states require you to submit an annual report – $88 + state fees)
  • Order Registered Agent (if you don't live in the state, this person can act as a proxy – $119)
  • Certificate of Good Standing (you may need this in order to receive a business loan – $49 + state fees)
  • Business Licence Search (done for you research to see if you need a business license in your state – $99)
  • Trademark Name Search (search for and register your trademark – $199 + federal fee)

Registered Agent

I already covered this in the Compliance services above and so if you need to either:

  • Order a new registered agent
  • Renew a registered agent
  • Change a registered agent

…then this is where you can make that happen.

IRS Filings

Finally, we have the not so fun part of business and that is filing with the IRS.

incfile IRS filings

They offer 3 related services:

  • EIN / Tax ID Number (they will arrange this on your behalf – $70)
  • File Business Taxes (use their tax professionals to file your business taxes – business tax return $599 / personal tax return $299)
  • File S-Corp Tax Election (save on taxes by filing your LLC as an S-Corp – prices not set)

And that's everything that IncFile has to offer.

IncFile Vs Competitors

IncFile Vs LegalZoom

LegalZoom is by far the most popular business formation service available today and so it makes sense to run the comparison between it and IncFile.

Service Satisfaction

IncFile: According to most independent reviewers, IncFile scores high when it comes to service satisfaction

LegalZoom: These guys also score high marks when it comes to satisfying their customers. Ultimately, they both are evenly matched in this area.

Customer Support

IncFile: When it comes to support, most people had positive things to say about dealing with people over at IncFile

LegalZoom: Same situation as IncFile. According to our research, most people were satisfied with their level of support.

Pricing Satisfaction

IncFile: More people were happy with the prices of IncFile when compared to LegalZoom. The prices of their other services across the board, all seem to be lower than that of LegalZoom.

LegalZoom: According to our research, most people were happy with their prices, however this is the clear difference. Forming a company with LegalZoom starts at $79, whereas you can do the same for $49 on IncFile.

IncFile Pricing

IncFile offers 3 packages:

  • Silver (starting at $49)
  • Gold (starting at $149)
  • Platinum (starting at $299)

incfile packages

Of course, depending on the state you look to incorporate in, the fees will all be different.

After going through and thoroughly checking what you get with each package, it was clear that very few business owners would need to go with the Platinum option. Most small businesses would be okay with the Silver or Gold packages.

Personally, if I was going to use IncFile, I would choose the Gold package because it still comes with most of the premium services but at half the price of the Platinum package.

Really what you're paying for with Platinum is just a fancier kit that will be sent out to you in the mail. For me, this isn't going to make or break my decision, so the Gold option is more than fine.

incfile package breakdown

Frequently Asked Questions About IncFile

Is IncFile better than LegalZoom?

IncFile can save you money over LegalZoom's base rate, while also including some valuable services like registered agent that LegalZoom makes you pay extra for. Also, if customer reviews are important to you, IncFile has a big advantage in that area.

Is IncFile reputable?

IncFile is one of the most affordable online incorporation services, extremely reliable, and they pack in a bunch of great features that are useful when starting a business. LegalZoom charges $159/year for registered agent services, whereasIncFile offers a year free and charges $119/year after that.

What is IncFile?

IncFile is a legal service company that assists clients in forming business entities through document filing services.

What is a LLC business?

A limited liability company (LLC) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLCis a type of unincorporated association distinct from a corporation.

IncFile Customer Reviews

‘I made a mistake on my application and needed to put my order on hold (on a weekend no less) I got a response in less than 24 yrs and was able to put my order on hold until I could fix my problem. I have had numerous LLC's over the years and this was the easiest to set up by far!

‘The process to form an LLC is quick and easy. Any questions or changes were responded to promptly. Overall the staff and team I dealt with were really great and made everything easy. I will certainly use and recommend Incfiles services in the future. Great job!

Is IncFile Worth It?

Based on all our research, IncFile scored a 4.7/5

Their services are affordable. They have a fast turn around time and their customer support is polite and responsive, which is the most important thing when it comes to registering a company.

If you're looking for a good, convenient solution, then IncFile may be a good fit for you.

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