Popular online legal service firm LegalZoom is frequently connected to the US. Since its founding in 1999, the business has assisted millions of people and organizations with their legal requirements, from creating a new corporation to creating a will or living trust. However, a lot of Canadians would be curious if LegalZoom is offered here. LegalZoom is not currently offered in Canada, so the answer is no.
A SaaS (Software as a Service) startup called LegalZoom gives customers access to a variety of legal tools and services. Users of the platform can prepare legal papers and get legal counsel from admitted attorneys. Although LegalZoom is unavailable in Canada, there are a number of other online legal services that are, including Rocket Lawyer, MyCorporation, and LawDepot.
The fact that the legal systems in Canada and the United States are different is one of the reasons LegalZoom is not available in Canada. Since Canadian laws and regulations differ from those in the US, LegalZoom would need to modify its platform to accommodate Canadian users’ particular requirements. LegalZoom would also have to adhere to Canadian laws and licensing standards, which may be a difficult procedure.
LegalZoom has seen several difficulties recently, including a decline in the value of its stock. LegalZoom went public on the NASDAQ stock exchange in February 2020, with shares costing $28 apiece. On the other hand, the company’s stock price fell more than 10% on the first day of trading and has been fluctuating ever since. The stock price decline at LegalZoom has been attributed by several analysts to worries about the company’s profitability and revenue growth.
Finally, even if LegalZoom is not yet accessible in Canada, residents can still use online legal services that are comparable. In order to expand its services to Canada, LegalZoom, a SaaS startup that gives customers access to legal tools and resources, would need to make some big changes. In addition, LegalZoom has had significant difficulties lately, including a decline in the value of its stock.