Incfile is one of those popular companies that offer LLC formation services for free! Before I start with my Incfile Review, it is important to state that “zero-cost LLC formation” does not mean absolutely free. LLCs must pay a bare minimum state filing fee while forming a Limited Liability Company.
Incfile is a Texas-based company that offers zero-cost business formation. They have one free and two premium packages. Their basic package offers formation service at $0. While reviewing and comparing the best LLC services in the market, I have noticed that users look for 3 main basic points. When it comes to forming your business these basic points are as important as your business,
- Price of the service
- Time is taken to complete the service
- Customer support and satisfaction
As users always look for these things, LLC service providers work relentlessly to meet these factors. These 3 are the main points we search for when we hire a professional service provider. Besides, quality of service, customer ratings, and reviews are majorly important factors too.
When it comes to Incfile, their free LLC formation service surpasses every other factor. I have tried to list down all the good and bad factors Incfile offers in my review. Please read it before you run and buy it. If you are not a reading kind of person, then here is a detailed review video for you! Watch it before you buy it!
On this page, you’ll learn about the following:
- Incfile Review: A Quick Summary
- Incfile: About the Company
- Incfile: Packages and Pricing
- Add-on Services Offered By Incfile
- Final Decision: Should You Choose Incfile Or Not?
- Incfile Review: Summary
- Incfile Review: Incfile Vs Others
Incfile Review: A Quick Summary
- Free LLC formation service
- Free registered Agent service for one year with all the packages
- Quick turnaround time (within 1 working day)
- Quick checkout process (within 10 minutes)
- Easy to use
- User-friendly dashboard
- No hidden cost/fees
- No auto-renewal process
- Expensive add-ons
- Limited add-on options
- Slow customer support
- Difficult to reach customer support
- Difficult to process refund policy
- Service Quality: 5/5
- Turnaround Time: 4/5
- Pricing: 4.5/5
- Customer Feedback: 4/5
- User Friendly: 4/5
Overall Rating: 4.3/5
Note: Incfile is a user-friendly and affordable service provider. Surprisingly, the customer reviews (TrustPilot) are not much impressive. The reason behind that is their limited add-on options.
Incfile: About the Company
Founded in the year 2004 in Texas, Incfile has more than 500,000 customers today. Their biggest draw is the price they offer. Incfile offers business formation at $0. Similar to Inc Authority, Incfile does not charge any price for their basic package (Silver). Although, Incfile offers a free registered agent service for 1 year which is not available in the basic free package by Inc Authority. ZenBusiness, on the other hand, offers LLC formation at $0, and also it offers registered agent service at a bare minimum or no cost.
Along with the formation of LLC, Incfile offers C-corporation and S-corporation formation. Besides, the company offers end-to-end business formation services from formation to dissolution. Another noticeable feature of Incfile is its annual reporting. After one year Incfile offers an annual reporting service. Even after providing so many services at such low prices, Incfile fails to gain customer ratings like other LLC service providers.
Incfile offers three packages, Silver (Basic), Gold, and Platinum. Here are the packages, pricing, and features of them below,
Note: Incfile has 2 premium packages and one basic package (free LLC formation). Premium packages cost much lower than other competitors such as Inc Authority. However, it has limited add-on options that make it less popular among business owners.
Incfile: Packages and Pricing
As I mentioned above, Incfile offers three packages, Silver, Gold, and Platinum. Here are the details of each package.
Silver Package (Basic) – Free LLC Formation
$0 + State Filing Fees (Tax deduction may be applicable)
This is the basic package Incfile offers. The Silver Package includes filing of Articles of Organization, unlimited name search, and so on. It costs $0. An additional state filing fee will be charged while forming your LLC. This charge varies from state to state. In some states, these state filing fees are tax-deductible. Hence, you might end up having an LLC absolutely free of cost. The major features of this package are,
- Free LLC Formation
- Free registered Agent service for 1-year
- Unlimited name searches for your LLC
- Statement of Organizer
Silver Package Beneficiaries
Small businesses and startups can opt for this package. Small-sized businesses that have a limited budget should consider Incfile as it offers zero-cost LLC formation and free registered agent service for a year.
Gold Package (Premium)
$149 + State Filing Fees (Tax deductible may be applicable)
Gold Package from Incfile is a premium package that costs $149 excluding state filing fees. The company recommends this package as most of the important services needed to form an LLC are available in this package. The state filing fee varies from state to state. If the state has a tax advantage on the fee, then probably the LLCs have to bear the cost of the Gold package only. Features under this package include,
- Free registered agent service for 1 year
- File Articles of organization
- Unlimited business name search
- Obtain EIN
- Operating Agreement
- IRS form
- Unlimited email and phone support
- Business tax consultation
- Business bank account
Gold Package Beneficiaries
This package is apt for new business owners and startups that can spend a handful of money on the package. Everyone wants a free service but this package includes an Operating Agreement that is an important document. The Free Silver package does not offer this service. New businesses and mid-sized businesses can go for this package.
$299 + State Filing Fees (Tax deduction may be applicable)
The Platinum package includes all the services provided in the Gold Package and a bunch of additional services. It costs $299 + State filing fees. Platinum Package offers everything that an entrepreneur needs to start and grow an LLC. Under this package services like domain and business emails come for free. The Platinum Package includes the following additional services along with the services from Gold Package,
- Business Contract Templates
- Expedited Filing
- Domain Name + Business Email
Platinum Package Beneficiaries
This package is for mid-sized and large LLCs. This package offers everything you need to form an LLC. If you are a beginner you can go for the Gold Package to start from. However, if you are a biggie, then this package is for you. You will get domain and business email in this package which the other two packages do not have.
Add-on Services Offered By Incfile
Apart from their packages, Incfile offers add-on services that LLCs can opt for. These add-ons are available in the a-la-carte menu. Businesses can buy these services individually as per their requirement. These services are as follows,
- Registered Agent: $119 after a year (one year free)
- Employer Identification Number: $70
- Operating agreement: $40
- Certificate of Good Standing: $49 + State Filing Fees
- File corporation annual report: $88 + State Filing Fees
- Doing Business As (DBA): $99 + State Filing Fees
- Trademark Registration: $199 + Federal Filing Fees
- Business License Search: $99
- Dissolution: $149 + State Filing Fees
- S-Corp Tax Election: $50 for current LLC & $25 for current C-Corps
Incfile Services: At a Glance
|Service||Silver Package||Gold Package||Platinum Package|
|LLC Name Search||Available||Available||Available|
|Statement of Organizer||Available||Available||Available|
|Business Contract Templates||$150||$150||Available|
Final Decision: Should You Choose Incfile Or Not?
Incfile is no doubt one of the most affordable LLC formation service providers. It not only provides the free formation of your business but also has a free registered agent service for 1-year. Isn’t it a lucrative plan? Of course, it is. Besides the free LLC formation, Incfile offers EIN, Operating Agreement, Business Tax Consultation, Business Email, Domain Names, and many more at a much lower price. Compared to other free LLC services like Inc Authority, Incfile has much more affordable premium plans.
Despite being a free business formation service provider, Incfile failed to secure a better customer review in TrustPilot. The reason might be their basic (silver) plan. In their Silver plan, some of the very important services are not available. For example, operating agreement and EIN. To get an operating agreement LLCs have to pay $40 additional cost. If you explore the best LC services available in the market, you may find other service providers that offer an operating agreement at a lower cost.
When Should You Choose Incfile?
As Incfile offers LLC formation service absolutely free, you can always choose Incfile for that. Who does not love free food? If you are a small entrepreneur and do not need to spend much money on formation, then Incfile is the best choice for you. On the other side, Incfile offers a registered agent service free of charge for one year. It is available with all the plans. Smaller or mid-sized businesses or/and startups can go for Incfile.
When Should You NOT Choose Incfile?
Honestly, you can always choose Incfile as it is comparatively cheaper than other service providers. Not only the Silver Packages but the other premium packages are affordable as well. However, there are services like EIN that come with a cost if you choose Silver Package. So, if you are in need of having an EIN or Operating Agreement at a lower cost then maybe Incfile won’t be a favorable choice for you.
Incfile offers a free LLC formation service. If you are looking for another free service then Inc Authority is there for you. But, compared to Incfile, Inc Authority has a much higher price for its premium services. You can read my Inc Authority Review to know more. On the other hand, if you can spend a little money then you must go for ZenBusiness. They offer almost all the basic LLC formation services only at $49. Take a look at my ZenBusiness Review.
Incfile Review: Summary
For any business entity, it is important to look for the best services when it comes to forming an LLC or any type of corporation. While choosing the LLC formation service, it is inevitable that any customer will look for services like a registered agent, email support, banking resolution services, processing times, formation documents, and so on at reasonable pricing. Choosing Incfile would be a good decision if you are looking for all these services. Their gold package is recommended instead of silver or platinum. Because the gold package offers almost all the services that one needs to form an LLC.
In my personal opinion, if you compare Incfile with others like Zenbusiness, choosing the latter one will be cost-effective. However, if you are looking for free LLC formation then you must choose Incfile. They not only help you form your business but also will help you with business tax consultation and other legal documents. I would recommend the Gold Package if you are choosing Incfile for liability company formation. Another good thing I like about Incfile is its website is easy to use. You will get everything on the dashboard once you log in to your account.
Incfile Review: Incfile Vs Others
How to Use Incfile
You need to set up your account by providing all the necessary details. You can use the Incfile services for business name search, registered agent services, LLC filing tax planning, etc.
Incfile is an online incorporation service that simplifies the complexities of starting and managing a business. Their user-friendly platform streamlines the entire incorporation process by providing a wealth of tools, resources, and expertise at your fingertips. What sets Incfile apart from other similar services is its commitment to making entrepreneurship accessible and affordable, regardless of your previous knowledge or experience.
One of the key advantages of utilizing Incfile is its simplicity. Creating a business entity can be an intimidating task, especially for beginners, but Incfile alleviates this concern by offering a step-by-step process that demystifies the procedure. From selecting the right entity type to drafting the necessary legal paperwork, Incfile guides you through each stage, ensuring that you make informed decisions along the way.
Additionally, Incfile provides a wide range of services that extend beyond incorporation. Whether you need assistance with obtaining necessary permits and licenses, maintaining compliance, filing annual reports, or even managing your business taxes, Incfile has you covered. Taking advantage of these supplementary services allows entrepreneurs to focus on what truly matters – building and growing their businesses – instead of getting tangled up in red tape and administrative burdens.
Not only does Incfile simplify the process of starting and managing a business, but it also offers several features that enhance the overall value it provides. These features range from a comprehensive library of business documents and templates to a registered agent service that ensures corporate mail and other important notices are handled promptly and professionally. By consolidating such vital services under one roof, Incfile saves you time, effort, and the hassle of juggling multiple resources.
Moreover, Incfile’s pricing system is highly competitive and tailored to fit businesses of all sizes. With various pricing packages and additional services available à la carte, entrepreneurs can select a plan that aligns with their specific needs and budget. This flexibility allows burgeoning businesses to invest their financial resources wisely, allocating more funds toward growth and development rather than unnecessary expenses associated with traditional incorporation processes.
It is important to note that while Incfile offers comprehensive guidance, advice, and support, it is still crucial to consult with professional advisors and familiarize yourself with local laws and regulations. Incfile should be seen as a valuable tool to facilitate the process, but it cannot replace or substitute the importance of addressing legal, accounting, and tax considerations specific to your business.
In conclusion, Incfile is an indispensable resource for any aspiring entrepreneur or small business owner looking to establish a solid foundation for their venture. Its user-friendly platform, wide range of services, valuable features, and competitive pricing make it an exceptional choice for those hoping to navigate the intricacies of starting and managing a business. Whether you are starting from scratch or seeking to optimize your existing operations, Incfile is an invaluable companion that will guide you toward success every step of the way.
Yes, Incfile’s basic package comes with no cost. The only cost users have to carry is the state filing fee paid to the government. The LLC formation and registered agent service are totally free with Incfile.
To dissolve your business you have to file the Articles of Dissolution. Incfile offers this service at the cost of $149 + state filing fee.
Yes. Incfile is totally legit. If you have any issues with the services provided by the company or their price you can immediately contact their customer service or the contact number they have on their website. You will get an immediate response from the authority.
If you want to cancel your service, you need to email them at [email protected]. They do not accept any order cancelation over the phone. A cancellation fee will be deducted from your account.
In Incfile, they process the LLC filing after 24 hours of the order. Within this time, if anyone cancels the order then Incfile refunds the money (excluding the $30 cancellation fee). If meanwhile, state filing fees or third-party vendor payments are forwarded then it won’t get refunded. The service charge (package fees) generally gets refunded.
To wrap it up, I would say Incfile is one of the most affordable LLC formation services that offer free service. You can still find other best LLC services then decide which one to choose. Compared to other free services, Incfile is cheaper as it also provides free registered agent services for one year. So, if you love to hop into free food then mate, Incfile is served on your plate.
Have you ever used Incfile or any other LLC service? Then share your views with me under this post. Comment what you think about this review.