Incorporating a new business is a cumbersome and confusing process for most people.
Issues such as changes in regulations, fine details that are easily overlooked, and the never-ending stream of paperwork are just some factors that quickly convince business owners that it’s better left to the professionals.
As a result, most companies employ limited liability company (LLC) formation services to handle these bothersome tasks in exchange for a small fee. ZenBusiness is one of them – offering a worry-free compliance LLC formation service at better rates and greater flexibility to its clients.
This ZenBusiness LLC service review will thoroughly look into what they have to offer, the customer feedback, and how the company matches up to competitors that offer similar services.
What is ZenBusiness?
ZenBusiness offers a number of services ranging from corporation filing to business name reservation and everything in between. The company handles all the paperwork on a done-for-you basis to save business owners time and prevent costly mistakes such as refiling. According to Venture Smarter, LLC companies save your time, money, energy, and nerves so you can completely focus on running your business.
Compared to other LLC formation service providers, ZenBusiness provides customized services pertaining to the type of business individuals may be looking to set up. Depending on the parties involved, a large corporation will have different needs compared to a single legal entity, which ZenBusiness effectively factors into their business formation service.
With a team of expert customer representatives, low fees, personalized service packages, and a fully customizable domain management dashboard tool, it’s no wonder why ZenBusiness is one of the best LLC services in the business formation industry.
How Does It Work?
To get started with ZenBusiness, you’ll first need to select the best service package that suits your needs. Once this step is completed, the company then requests a number of official documents that will be used to get your company set up with the right details.
This paperwork includes a business bank account, an LLC operating agreement, business website, banking resolutions, and more.
If you already have a business set up, ZenBusiness also offers other services such as consultants and tax experts. These specialists are well-versed with legal matters and open to making recommendations regarding book-keeping, taxes, and risk-free accounting assessment as part of the plan you choose.
ZenBusiness Services Offered and Pricing For Each
ZenBusiness offers three payment plans, each with its own set of services, with the higher tier packages offering additional services which the lower plans may not.
Depending on the state you reside in, additional expenses may be incurred – these filing state fees can range in price anywhere from $50 to $500.
Starter Package ($49 + fees)
LLC Formation Service
If you’re looking to form an LLC, ZenBusiness ensures all the paperwork, such as articles of organization and operating agreements, are filed to get you set up ASAP.
This LLC service also comes with a free registered agent service that acts as a third-party contact between your business and state governments, a benefit worth mentioning, as also claimed by WestWord.
Operating Agreement Template
An operating agreement outlines a business structure and mentions details regarding asset protection and future steps to take – such as if the owner exits the company.
A template allows users to quickly fill in the blanks to protect their assets and set the rules for business procedures, ensuring that everything plays out without any surprises.
Annual Reporting Service
Most states require a business owner to file annual reports to remain in good standing. If this report is not filed on time, it can lead to penalties.
ZenBusiness’ managed annual report service does it for you and even sends you timely alerts when it’s completed so you can submit it on time, every time.
Risk Assessment Report
Performed by a ZenBusiness accountant, a risk assessment report is crucial in analyzing a business’ proceedings regarding business, legal, financial, and non-business risk.
This helps businesses avoid legal complications such as not following regulations, leading to lawsuits and fines.
Pro Package ($199 + fees)
As their most popular package, the Pro package includes everything from the Starter package alongside many additional services that are well worth the extra cost.
Employee ID Number
To hire employees, manage business accounts, or pay taxes, an EIN federal tax id number is required for all business entities. It also allows business owners to separate their business and personal finances for easier tracking.
Banking Resolution Template
This form is used to manage authority and signatures when you open business bank accounts. ZenBusiness ensures the security of your finances and ownership structure of the business with a ready-to-fill-in template to get you started quickly.
Filling in the wrong information can lead to delays, penalties, and additional fees.
ZenBusiness’ worry-free compliance package sends out alerts regarding compliance regulations, events, up to two yearly amendments, as well as expert support that’s ready to provide you with advice anytime.
Premium Package ($299 + fees)
This package includes all the services from the Pro plan and includes third-party partnership features, which include a business email address, domain name, website, and registrations to enhance your online presence.
However, what stands out about the Premium package is the need for speed. If you’re looking to file as soon as possible due to time constraints, an extra $100 provides you with access to their rush filing speed service.
This allows you to get all your paperwork processed within just a few days, compared to waiting around for weeks plus delays.
ZenBusiness Pros and Cons
Compared to other LLC services, ZenBusiness comes on top due to the flexibility of their packages and their pricing options.
Below is a list of the biggest pros and cons that customers had to say about ZenBusiness.
Excellent customer service to resolve issues quickly and with minimal hassle
Payment plans are flexible with add-on customization service options
Easy to use interface that allows users to get started quickly
All in one personalized dashboard with no hidden fees
May bill you for services that you did not opt into
ZenBusiness would charge you a fee for refiling even if they were the ones to make the mistake
How To Choose The Right Business Formation Services
If you’re wondering which services you need, here are some guidelines you’ll want to consider to help you make your decision.
Depending on your budget, you’ll want to pick a plan that best suits your needs.
With three payment packages and many add-on services, you’ll want to select the payment package that’ll cover all your bases.
Frequency of Legal Aid
To form an LLC is normally a one-time job. However, the additional paperwork that comes with maintaining a good standing is an annual commitment.
To ensure you’re up to date with the most recent regulations, make sure to include ongoing legal assistance into your needs, such as their registered agent service.
Is the IRS on your back? Depending on how urgent your filing needs are, LLC services such as a registered agent can keep you up to date the minute any obstacles occur.
ZenBusiness vs. DIY
Based on customer reviews, ZenBusiness provides many services alongside their payment plans, such as a business email account, excellent ZenBusiness customer support, and well-knowledged professionals that can handle the entire process. This prevents errors from being made, impacting how long it takes to set up your company.
Doing things yourself is also another alternative. However, with the amount of paperwork, legal information, and jargon you’ll have to encounter, it might just be a headache that’s not worth going through.
So, Is ZenBusiness Worth It?
If you are looking for a competitive company to help you set up your business, get the best kind of people for the job, and be on your way to running a successful company, ZenBusiness has you covered.
ZenBusiness LLC formation packages also include a 60-day money-back guarantee policy, with additional free perks such as an annual report, certificate of good standing, publication service, and great customer support.
If you’re ready to get started, contact ZenBusiness today.