LLC filing service providers are quite similar to LLC formation services. A lot of LLC filing service providers provide services that are quite close to what an LLC formation service offer. However, that’s beside the point.
Like choosing the best LLC formation provider, we are sure you are keen to find out what criteria to look out for when choosing an LLC service provider. You may have questions and concerns when looking for the best one. We are here to help you with that. In this article, we will talk about the criteria that makes a good LLC filing service provider (or you can read this list of in-depth llc filing service reviews). We will try our best to let you know what criteria are important, and which are not.
1. Your company structure
Your company structure is one of the most important decisions you will have to make before choosing a filing service provider. You can choose to operate as a corporation, sole proprietorship, or a partnership. If you did not indicate to the LLC filing service provider what your business structure is, most times you will be defaulted to a sole proprietorship. Or you may be set as a partnership business if you have a partner with you.
The company structure matters because whatever profit and debt incurred in the company may or may not be tied to your personal finances. Finances is undoubtedly a major part across all businesses. Let’s say for some reason your business is not doing well and went bankrupt. When you do, if your company is a sole proprietor (for instance) your debts will be tied to your personal accounts and assets. Banks can sell your personal assets to try to resolve some of that debt.
However, if you are a corporation, whatever debt and profit you have on your business is solely held on the business company. Your personal accounts and assets will not be affected. You will not be held against the debt that is incurred on the company, even though it may not be by your own 2 hands.
2. Packages and pricings offered by LLC filing services
Like everything else you wish to buy or subscribe to, the package availability and the prices that comes with it is important to a lot of new business owners, including you. What makes a great business is a diversified and wide range of products and services offered, competitive process, flexibility, among many others. This apply to LLC filing services also.
Some LLC filing services do not offer a lot of packages and some filing services’ pricings are just too stiff. It’s especially imperative that you go with an LLC filing service that provides you with the flexibility in its packages with a competitive pricing.
On average the pricing may range anywhere from just under US$100 to above US$1,000. It depends on the LLC filing service provider and the packages you choose. Sometimes the more expensive the package and filing service provider is, the more services they offer. On top of that, you will have to pay for any other admin fee and government fees that comes with it. Whether you like it or not, you will need to invest a bit of money on starting your new LLC business.
3. Customer care and other similar services
We brought this up because we are sure that you will experience some kind of issues thorough your business journey. When you are faced with business problems, your LLC filing service should be able to provide you with the advice you need.
An LLC filing service with a strong customer care service is one that you should not overlook. Imagine having an issue with your business and asked these services for assistance. If they ignore your issues, we are sure that you will not be too happy or satisfied with it.
We will strongly recommend that you look for an LLC filing service provider with great customer care service. After all, it’s great to have someone to refer to when your business runs into any issues.
4. The state you wish to form your corporation in
This is more on the forming aspect of your corporation. The state you wish to start your business in is important. Some states are more flexible and easier to form than the others. It’s the same with the fees that comes with it. Some are cheaper than the others.
However, we will like to mention on here that even though some states are cheaper or easier to form, it does not mean you will be successful there. There may be other factors why it’s cheap to start a corporation there. It can be due to low profit earnings, an unsafe state to be in, and many other reasons that factor in,
In conclusion, LLC filing services are quite similar to what you can see on LLC formation service providers. The criteria to look for the best LLC filing service provider is quite similar to what you find for LLC formation service providers. As long as you know what you want, you’re good to go.