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. Read it before you run and 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.
Along with the formation of LLC, Incfile offers C-corporation and S-corporation formation as well. 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. Compare to other free LLC services like Inc Authority, Incfile has much 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 which comes 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 their 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.
Before deciding whether to use Incfile for your small business, you should know what you want it to do. You need to know how to register for an account, and you should be familiar with the technical jargon. You can sign up online for free. Incfile offers guidance at every step of the registration process, and even has a live chat service where you can ask questions.
Once you’ve registered, you can browse the selections available from Incfile. If you’re a student, you can take advantage of Incfile’s student discount. Simply sign up and click the “student verify” link, which will send you an email with a verification link. From there, you can add items to your shopping cart, and use the coupon code to save money.
During the life of your LLC, Incfile will send you email notifications that keep you informed about filing deadlines. You’ll also receive notifications when important documents have been filed. In addition, Incfile will ship you hard copies of your articles of organization with a tracking number. And if you decide to open a business bank account, Incfile will help you with this process as well. The website is easy to navigate, and provides links to helpful information that you may need in the process of setting up a company.
You’ll also need to get your company a certificate of good standing if you want to expand to another state, or dissolve your existing business. The government has strict guidelines, and failing to file your paperwork on time can result in penalties and interest charges. Having an employer identification number is essential for filing taxes as a business, opening a bank account, and many other tasks. Getting your tax ID number is a simple process, and it is free of charge.
The company also provides registered agent services and advice on how to stay compliant with state regulations. You can also opt for their free year of registered agent service. Besides offering business formation assistance, Incfile also helps you file taxes, manage finances, and stay compliant with legal requirements. The business formation process is only the start.
IncFile is the most affordable service provider to form an LLC. Compared to LegalZoom’s $99 + state fee, IncFile’s service is the most affordable, with prices starting at just $79 plus the state fee. It also offers one year of registered agent service and a lifetime company alert service. This service allows you to receive reminders about important company tasks.
The process of creating a business is made easier and faster with IncFile. The registration process is affordable, and the website is easy to navigate. You can also choose between a Platinum, Gold, and Silver package. Each package offers several features and is tailored to different business types. The Silver package is the most affordable, and it is ideal for small or average businesses. Plus, you can get a free registered agent service for a year after your LLC is formed.
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.