You can choose to form a sole proprietorship, a partnership, or a limited liability company (LLC) while starting a business. Each of these business structures has its pros and cons, and it is critical to choose the one that works best for you. Among these structures, LLCs have the most advantages, for example, protection of owners’ assets and easy ownership transfer. However, the process of incorporating a company is not a walk in the park due to paperwork and other requirements. For that reason using incorporation services is always a good option than doing incorporation yourself.
Here are some of the benefits of using incorporation services offered by incorporation companies:
Saves Time
In case you have not handled incorporation previously, you will need to do a lot of research to know the supporting documents required, the forms you need to fill, where to submit the papers and other details. The paperwork can eat a good chunk of your business time, and you will also need to submit the documents, which still needs more time. What’s worse, you could make some mistakes in the process and have to spend more time correcting the errors. Luckily, you do not have to go all through this hassle because you can hire an incorporation company to do it for you.
Registered Agent Services
The law requires all registered companies to have a registered agent. This agent collects all documents and communications on behalf of the company even when the company offices are not opened. While a company can be its registered agent, hiring a registered agent is the best option. Incorporation companies are also registered agents, so the business can conveniently use their services, therefore having all its services taken care of under one roof. That way, the company can be well organized and probably save some bucks when it works with one company for all its services.
Notification About Documents Submission
Although you may wish and hope paperwork ends with the incorporation, it doesn’t end there, and you will have to get back to it annually. Each of the states has its different document requirements, and mostly they are submitted on various dates. The number of documents to submit varies from one state to another. The best thing is that you will get notifications on time if you choose to incorporate using a service provider. After that, you can either instruct the agent to submit the documents for you at a fee or do it online using the client interface.