Inc Authority Review: Before I start digging into the Inc Authority Review, there is a question I asked myself. If I were to form a business, what would be the main thing I would consider first? My instant answer was ‘budget’! How much do I have to bear to form an LLC if I use a professional hand? Wouldn’t it be awesome if I got it for free!
Inc Authority provides it for free! You can form a Limited Liability Company without paying anything to them. However, you may have to bear the state filing fee to form an LLC. Also, based on states, these fees may have tax deductions which means you are forming an LLC at absolutely zero cost.
Generally, when you look for a business service, you look for the one that satisfies these major points,
- Service quality
- Customer satisfaction
- Turnaround time
- Price of the service
If the service providers meet these three criteria, that’s the best-fitted one for you.
If you search for the best LLC services, you will probably get dozens of them. Unsurprisingly, everyone claims to be the best-fitted for your business. For me, Inc Authority can be a good option for many, especially for start-ups and small businesses. I have shared my findings to justify my statement here! I would really recommend anyone planning to start an LLC – Please read this review word by word. You might save yourself a lot of time and money!
Here, in this review, I have shared their price packages, turnaround time, and customer satisfaction (service quality). Besides, I have shared many other factors that can help you decide if Inc Authority is right for you.
On this page, you’ll learn about the following:
- Inc Authority Review: At a Glance
- Inc Authority: About The Company
- Packages Offered by Inc Authority
- Final Verdict: Should You Use Inc Authority?
- Inc Authority Review: Summary
- Inc Authority vs Others
Inc Authority Review: At a Glance
- Free of cost LLC formation
- Free Registered Agent Service for a year
- Outstanding Customer Reviews (Trustpilot)
- Express Processing
- Free of Cost Name Search
- User-friendly Service
- Reliable & devoted high-quality Customer Service
- Longest Track Record
- Expensive Premium Packages
- No pricing transparency
- An additional cost of obtaining EIN
- Not BBB accredited
- No refund
- Service Quality: 4.5/5
- Turnaround Time: 4/5
- Pricing: 5/5
- Customer Feedback: 5/5
- User Friendly: 4/5
Overall Rating: 4.5/5
Inc Authority: About The Company
Inc Authority is an online business formation service provider that offers free LLC formation. They like to call themselves the “Full-service business formation specialist.” Along with free LLC formation, the company provides a “comprehensive list of start-up business services” that helps start-ups to grow their business.
Inc Authority may not be the biggest name in the industry, but it has a significant track record in forming businesses. Sites like Trustpilot and Google have impressive user reviews for Inc Authority. Established in 1989 and with a small team (approximately 25 employees) the company outsources some of its services, making its packages a little more pricey than the other competitors. However, within the last 30+ years, they have managed to form 250K+ business entities.
Inc Authority has several packages including Entry, Starter, and customized packages. The entry package is the basic one that offers free LLC formation and free registered agent service for one year.
Note: If you find other reviews of the best LLC service, Inc Authority mostly stands in the Top 5 positions. The main reason for this is their Free LLC Service. Hence, it is more popular among start-ups and small businesses.
Packages Offered by Inc Authority
Inc Authority offers two types of packages. The basic one offers free LLC formation and free registered agent service for 1 year along with other basic services. The premium package offers more advanced services including an operating agreement drafting, obtaining EIN, and such.
Entry Package – Free LLC Formation
$0 + Additional State Fees may apply
As mentioned above, in this package you can set up your LLC for free. While forming your LLC, you may have to pay the state filing fees to the state government. However, in most states, these fees are tax-deductible. Hence, you will probably get a chance to set up your LLC at no cost at all. Besides, free LLC formation there are other services included in this package. They are:
- Business name check
- Registered Agent Service for 1 year (after that it costs $99/year)
- Preparation and Filing
- S-Election Form
- Digital Storage
- State & Federal Tax Planning Consultation
- Business Credit and Funding Analysis
- INC Care Support – email & phone
Entry Package Beneficiaries:
Small businesses should choose this Entry Package Bundle. It is cost-effective and easy. They can enjoy free LLC service as well as free registered agents for one year.
Starter Business Bundle
$399 + Additional State Fees may apply
Starter Business Bundle is the premium package Inc Authority offers. Along with the services offered under the Entry Bundle, there are some additional services included under this package. The additional services are listed below:
- Business Name Availability Verification
- Custom State Filed Articles
- Operating Agreement/Bylaws
- Record Book & Company Seal
- Initial Meeting Minutes & Resolution
- Ownership Certificate
- Employment Identification Number (EIN) from IRS
- Annual Compliance Notification
- Website Domain + 5 email address
- Tax Consultation (up to 1 hour)
- INC Success Advisor
Starter Package Beneficiaries:
This plan is for mid-sized businesses with employees. Once you get an employee in your LLC you will have to obtain the EIN. Under this bundle, you can get EIN as well as other services. Any mid-sized business can opt for this plan to start their LLCs.
Business Executive Bundle
$499 + Additional State Fees (tax deduction may apply)
Business Executive Bundle offers additional services along with the services available under the Starter Bundle. Below are the additional services you will get in this package,
- Business Credit & Evaluation
- Business License Report
- Website Domain
- Tax Consultation with a tax professional (up to 1 hour)
- INC Successor Advisor (1 Year)
Business Executive Bundle Beneficiaries
Mid-sized businesses that are in need of business credit and loans can opt for this bundle. For smaller businesses or start-ups this premium package might be a little expensive. As there isn’t much of a difference between the Starter Bundle and the Business Executive Bundle majorly.
Tycoon Business Bundle
$799 + Additional State Fees may apply
Tycoon Business Bundle is the highest premium bundle Inc Authority offers to their customers. Under this bundle, they offer almost everything. Apart from all the services under Starter Bundle and Business Executive Bundle, Tycoon bundle has some more services. They are:
- Express Processing
- BizCredit Express
- Business Credit Coach
- Multi-tiered Credit Building System
- Business Credit LaunchPad
- Dun & Bradstreet Credit Bureau Registration
Business Tycoon Bundle Beneficiaries
Clearly, this package is for the biggies in the market. You are paying more to get additional services. Some of the services are not required when you are setting up a limited liability company. So, for some this bundle can be over-priced with useless services.
Note: Inc Authority outsources some of its premium services. It triggers the price of the services they offer. Some of these services are not required while forming an LLC. Hence, if you are purchasing a premium package, expect to get some unnecessary services as well.
Other Benefits (Services) Offered By Inc Authority
Inc Authority, like other competitors, offers an A-La-Carte menu of services. If you need it, you can opt for those services without purchasing the bundle. On the other hand, you can purchase separate services along with the business bundles. The prices of these services are not disclosed by the company or mentioned on their website. To know more about the price of these services, you must call or email them.
The A-La-Carte services are as follows,
- Federal Trademark
- Revocable Living Trust
- Website & Marketing
- Business Credit
- Business Plans
- Business Funding
Some of the services you can add at the time of checkout. You can pay for the single service along with the bundle you have chosen to upgrade your package. The services are:
- Operating Agreement: Cost – $89
- EIN: $49
- Website Registration: Cost – $10
- Ownership certificate & seal of legal documents (package): Cost – $99
- Same-day filing: Cost – $49
- Express Delivery: Cost – $30
- Inc Authority Advisor: Cost – $27 (monthly) & $197 (yearly)
Inc Authority Service Plans: At a Glance
|Service||Entry Bundle||Starter Business Bundle||Business Executive Bundle||Business Tycoon Bundle|
|Registered Agent||Available for 1 year($99/year from next year)||Available for 1 year($99/year from next year)||Available for 1 year($99/year from next year)||Available for 1 year($99/year from next year)|
|Business License Search||Not Available||Not Available||Available||Available|
|Website Domain||Not Available||Available||Available||Available|
|Tax Consultation||Not Available||Up to 1 hour||Up to 1 hour with tax professional||Up to 1 hour with tax professional|
|Business Funding & Evaluation||Not Available||Not Available||Available||Available|
|Express Processing||Not Available||Not Available||Not Available||Available|
Final Verdict: Should You Use Inc Authority?
Before we jump into any final decision, let’s recall what Inc Authority offers and whatnot. It is inevitable that the free LLC formation service has surpassed any deal available in the market. Along with that, you will get to enjoy free registered agent service for a whole year. After that, you will have to pay for that.
On the other hand, mandatory services like an operating agreement come with a price tag under the premium bundle. Apart from that, obtaining EIN which is free if you get it from IRS, has a price too. If you opt for the premium bundle, you will get some unnecessary services that are not related to LLC formation. Even if you don’t need them you have to pay for them.
When Should You Choose Inc Authority?
If you are a small business looking to form your LLC, then you should consider Inc Authority’s Entry Bundle. Businesses or startups that do not require advanced services like business planners, business credit, or business funding analysis, can opt for Inc Authority.
When You Should Not Choose Inc Authority?
Now, if you are far away from the basic level, that means not a starter in the business, then you should not consider this company. The reason why I am suggesting this is because the services that Inc Authority offers in their premium package, may be available at a lower price from other competitors. So, if you are a midsize or a biggie in the industry then you may compare and consider other available business formation services.
Inc Authority Alternatives
If I have to consider an alternative to Inc Authority, I would choose ZenBusiness. It is the next best service you will find in the market. ZenBusiness offers a minimum of $39 formation fees that include all the required documentation including the operating agreement templates as well. Read the full post on ZenBusiness Review here.
Inc Authority Review: Summary
Considering them outsourcing some of their services unlike other service providers like ZenBusiness, they charge a little more for the same/similar services than Incfile or ZenBusiness. To wrap things up, I would say, if you are looking for free LLC service as well like registered agents, EIN, or operating agreement at cheaper pricing, then it would be better to choose instead of Inc Authority.
Inc Authority vs Others
How to Use Inc Authority
If you’re just starting out, you might be wondering How to Use Inc Authority. The service offers a variety of expert services in a variety of fields, including accounting, payroll, state and local business licenses, and tax and legal matters. Experts also help with issues related to the IRS, business funding, and lawsuit defense. In addition to these services, Inc Authority also provides tax consultants, business credit coaches, and business analysts. Users can also contact live chat operators for assistance.
The services of Inc Authority help companies understand how they should structure their businesses, so they can obtain the correct funds for expansion. The company’s Operating Agreements outline the framework for the business and the stakeholder profits, and they are a good way to prove ownership of a business. It is also possible to apply for an EIN (Employer Identification Number), a tax ID number used for filing business taxes. It is possible to access these services at no charge through Inc Authority.
To get started with Inc Authority, you’ll need to know your state’s business registration requirements. You can choose from one of its four packages. The basic package comes with free LLC formation and a registered agent for one year, while the premium package comes with more features and benefits. For a small business, however, you should choose the Entry Package Bundle. This is the most affordable option and includes a registered agent for twelve months.
Yes. Inc Authority does not charge any price to form an LLC. However, the state filing charges/fees may apply.
It is not mandatory to have a registered agent for your LLC. But, it is highly advisable to have one for proper & timely filing of various documents & taxes. So that you don’t have to bear late fees or penalties.
You can cancel their services anytime by calling on their phone number. Call on 877-684-2836, their official phone number to cancel the service.
Yes, Inc Authority is a completely legit business. They have started their journey in 1989 and since then around 250K+ companies have been generated by Inc Authority.
The entry-level package offered by Inc Authority does not cost you anything to form an LLC. You may have to pay a minimum state fee to register your LLC name and file Articles of Organization.
The Free Formation service offered by Inc Authority is the most attractive service offered by them, it’s the front runner. However, for any additional services, the packages are a bit on the higher side. It is advised that you compare the package prices & then choose the most suitable package.