Online legal service company LegalZoom provides both consumers and businesses with a wide range of legal papers and services. The business offers a user-friendly platform, reasonable rates, and a group of knowledgeable attorneys. But before using LegalZoom, a lot of customers have a lot of questions, such how much their services will cost, whether they’ll need an LLC or S Corp, and how much it would cost to create an LLC in Texas. We shall elaborate on the answers to these queries in this essay.
Depending on the kind of service you require, LegalZoom offers a range of legal services and packages at various price points. As an illustration, creating an LLC starts at $79, whereas incorporating a firm costs $149. The costs for other services, including those related to trusts, wills, and trademark registration, can be found on the LegalZoom website. It is crucial to remember that these costs do not include government filing fees, which differ by state and the kind of service you require.
Business entities like LLCs and corporations are required to have a registered agent in New York, as they are in many other states. A registered agent is a person or organization that accepts court filings and government notifications on behalf of a company. The registered agent must be accessible during regular business hours and have a physical location in the state where the business is registered. Registered agent services are available through LegalZoom for a $299 yearly cost.
A supplemental service called LegalZoom Total Compliance aids companies in adhering to state laws. This service covers the filing of annual reports, franchise taxes, and other services pertaining to compliance. Depending on the state and the kind of business entity, LegalZoom Total Compliance costs as little as $280 annually.
Popular business organizations that provide liability protection to their owners are LLCs and S Corps. The decision between the two is contingent on a variety of variables, including the number of shareholders, tax ramifications, and the objectives of the company. LLCs provide flexible management structures, pass-through taxation, and are simpler to create and administer. S Corps, on the other hand, have stricter ownership regulations, provide payroll tax savings, and have more stringent tax reporting obligations. Before deciding between an LLC and a S Corp, it is advised to have legal and tax guidance.
A Certificate of Formation must be submitted to the Secretary of State in Texas in order to register an LLC. The processing time is typically 3-5 business days, and the filing fee is $300. However, there is an extra $25 charge if you require expedited processing. In Texas, LegalZoom provides LLC formation services beginning at $149, minus state filing fees.
In conclusion, LegalZoom provides convenient and reasonably priced legal services to both people and corporations. The price of their services varies depending on the kind of service you require, and other charges such filing fees with the government can be necessary. Understanding your state’s legal requirements, such as the need for a registered agent, yearly report submission, and franchise tax filing, is crucial. The choice between LLC and S Corp, two well-known corporate formations that provide liability protection, depends on a number of criteria. Last but not least, LegalZoom offers formation services starting at $149, excluding the state filing charge, whereas the cost to register an LLC in Texas is $300.