A well-known online legal services business called LegalZoom provides a variety of services, such as LLC creation, trademark registration, and legal document drafting. The initial public offering (IPO) pricing for the company’s June 2021 IPO was $28 per share. However, since the company’s IPO, LegalZoom’s stock price has fallen by over 30%, worrying investors about the company’s prospects going forward.
The stock price decline of LegalZoom has a number of causes. First, other online legal service providers like ZenBusiness and Incfile pose fierce competition for the business. These businesses provide comparable services for less money, putting pressure on LegalZoom’s profit margins. Additionally, investors are concerned about LegalZoom’s capacity to make future profits because the company’s revenue growth has slowed down in recent years.
The high value of the business also had a role in LegalZoom’s stock price decline. When LegalZoom went public, its market worth was over $6 billion, which many investors believed to be excessive. The stock price of the company may have decreased as a result of some investors choosing to sell their shares.
Can I terminate ZenBusiness? You can always end your subscription if you feel you no longer require ZenBusiness’s services. You must get in touch with the company’s customer care staff by phone or email to cancel your ZenBusiness account. They will assist you in canceling your account and make sure it is closed.
Does ZenBusiness Sell Your Information, then? ZenBusiness does not sell your personal information, sorry. The business has rigorous rules in place to safeguard its customers’ personal information since it takes their privacy and security extremely seriously. Only the data needed to deliver services is gathered by ZenBusiness; unless mandated by law, it is not disclosed to third parties. Do I Need an Attorney to Form an LLC?
No, a lawyer is not required to form an LLC. To create your LLC, you can use an online legal service provider like LegalZoom or ZenBusiness. These businesses provide services that are reasonably priced and trustworthy and can guide you through the formalities of creating an LLC. However, it could be a good idea to speak with a lawyer if you have complex legal requirements or are unaware of the legal requirements for incorporating an LLC in your state.
Unfortunately, there is no such thing as a free LLC. There are costs involved with creating an LLC, such as state filing fees and costs related with using online legal service providers. However, you can save money on LLC creation by taking advantage of discounts or special offers from some online legal service providers. You can lower the overall cost of forming your LLC, for instance, by taking advantage of ZenBusiness’s frequently offered discounts on its LLC formation packages.