Inc Authority Review 2021: How to Form a US Company (LLC)

Inc Authority Review 2021: How to Form a US Company (LLC)

Inc Authority is one of the best and affordable places to form an LLC (Limited Liability Company) for your new company.

Why Should You Form Your LLC With IncAuthority.com?

IncAuthority.com is  practically a one-stop, full service corporate formation specialist company/agency online.

IncAuthority.com, and its family of companies, have formed more than 130,000 business entities in the United States.

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IncAuthority.com has been helping entrepreneurs form LLCs around the country since 1989*. We offer a comprehensive range of services under one roof. We care about your business and your future.

Their support staff is dedicated to providing you with the resources you need to run your business and give you the confidence you need to succeed. You can count on IncAuthority.com to help you grow your business and protect your family’s future.

After discovering this IncAuthority, I found it to be the only affordable place to start your LLC company formation and it takes a few minutes.

LLCs are great for any type of business regardless of whether the company or business have been existing for long or a new start up. This is because LLCs are easy to run and manage with no limitations as to how many members can be involved or where they’re located.

Formed on the principle of the Freedom to Contract, owners need only agree among themselves on how to run the company, and courts will uphold that agreement.

Even better, with an LLC, there’s no law requiring resolutions, amendments, meeting minutes or annual board meetings.

PROS

  • Asset Protection
  • Tax Advantages
  • Ability to Raise Capital
  • Easy to Run

CONS

  • Only Available to Privately Owned Companies
  • Can Lose Pass-Through Tax Treatment
  • Possible State Imposed Income Tax

Inc Authority has been in existence since 1989 and has formed over 110,000 LLC and Corporations, it also has over 2000 positive reviews by happy customers.

Inc Authority has over 4.8/5 ratings in TrustPilot. This shows they’re really good at what they do.

inc authority review

In this post, we will be doing an Inc Authority Review and know how well they perform in 2021.

Whether you need an LLC to set up your Stripe account, show proof you have a business in the US, or for other things, you’re at the right place.

We will also discuss the Inc Authority featurespricing, and alternatives so you can make your choice and be proud of it.

They waive their service charges, labor costs, and overhead.

You only pay the mandatory secretary of state fees, which you’ll need to pay regardless of who forms your LLC for you.

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The state fees differ considering the state you’re forming your LLC in and you should be careful where the state you form your LLC, or you may end up paying ridiculous annual filing fees.

What is Annual Filing Fee?

I figured out that some of us may not be updated as regards to United States Laws when it comes to forming a company and some certain law words you should know.

Filing fee is fee charged by a government organization to accept a document for processing, and this is paid yearly.

This fee keeps your company going whether you made sales or not.

The moment you stopped or don’t pay them, their will be numerous reminders, they may decide to add additional late fee to the initial filing fee price, but when it shows you how no interest in paying, your company will be taken back and it will cease to exist.

California charges an $800 annual filing fee, and a super high State fees and Delaware charges a $500 annual filing fees, and a high State fees.

Just to mention a few.

You pay these annual fees yearly and the time you stop paying them, your LLC will seize to exist.

However, we will be recommending a State you’ll form your LLC with a $15 annual filing fee and little state fees.

In the end, you’ll only be spending $178 to form your LLC including getting an Employer Identification Number (EIN).

Meanwhile, on other LLC formation companies, they charge various service fees and other extra fees to form your LLC, that’s why you may end up paying over $700+ to form an LLC.

You may be wondering why Inc Authority offers this service 100% free, well it’s because they want to gain your trust and to help those with little budget form their LLC.

While using Inc Authority LLC, the fees are super cheap, you only get to pay for State fees, Operating agreement, and EIN. You can pay for other ad-dons if you actually need them.

The Employer Identification Number (EIN) or Federal Tax Identification Number, is used to identify a business entity.

It’s also a Social Security Number (SSN) for the company.

Always form your LLC in a state called Kentucky or any other state that has cheap formation prices and affordable filing fees.

You can always form your LLC in any state, considering you’re ready to pay whatever that comes your way.

Inc Authority Review & What they do

Don’t have any idea what exactly Inc Authority is all about? Don’t panic – we got you covered.

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By the end of this highly wide-ranging article, you will feel like a greatly informed person with a detailed overview of what Inc Authority can do for the smooth running of your business from scratch.

Authority is a Legal Service Company that provides assistance to customers or clients to build different business entities.

They do that with the help of document filing services. Yes, you heard it right – ‘Document filing services’. That is what you are going to get when you think through buying an LLC formation service from IncAuthority Reviews.

To ease your task of forming an LLC and getting your EIN/Tax ID along with it, you should try out IncAuthority which is a reliable formation company that helps you achieve just that. Prettily, doing all that wouldn’t cost you more than $178. Therefore, you should comply with the steps below to set up your LLC using IncAuthority:

  • Click the link here to visit IncAuthority
  • After landing on the homepage of IncAuthority, you should tap the “start now for free” link you find there
  • For the next step (which requires specifying your entity type and your filing state), you should choose LLC (as entity type) and Kentucky (as filing state)
  • Having made your choice of entity type and filing state, you should click the Save and Continue button
  • Subsequently, you should supply your personal details as they include your first name, last name, phone number and email address –Note that you’ll have to supply a US phone number. You can purchase the US phone number from DingTone (a downloadable Play Store app). While a DingTone US phone number costs $14.99 per year, you may instead opt to purchase a Skype number at the monthly rate of $7.99
  • Following the supply of your personal details, you should tap the Save and Continue button
  • For the next step, you will have to input your business name (in the required field) as well as a sentence that concisely describes your (LLC) company. Alongside this is a question seeking to know the LLC formation benefit(s) that you prioritize most. Do well to tick the box with the option that best answers the question. Following that, you should hit the Save and Continue button
  • At this juncture, you’ll be required to provide a business address which must be a US address. You can get an instant US address from the link here. After obtaining a US address, you should input it in the required field and then click the Save and Continue button
  • Following that, you’ll have to input your EIN/federal Tax ID which is an essential credential for Stripe account creation. IncAuthority charges you just $49 for helping you obtain an EIN without any hassle. This $49 is a comparatively affordable fee and to have IncAuthority register the EIN for you, you should choose the option “Yes, include a EIN/Federal Tax ID Number”. Then, click the Save and Next button to continue
  • For the subsequent signup step, you’ll have to specify whether to include an Operating Agreement or not. It’s very essential that you select the option “Yes, include an Operating Agreement” simply because an Operating Agreement guarantees your personal liability protection from courts. Also, it helps in proving rightful ownership of the LLC.
  • You should note that after deciding on Operating Agreement, the next signup stage presents you with a number of add-ons. While these add-ons are intended to help you have a better experience regarding your LLC formation, bear in mind that they aren’t really important. If you consider them unnecessary or feel you can’t afford them, you may leave them and proceed to the final payment. Concerning company formation documents, you may select the FREE (Electronic delivery) option so that you can have the documents delivered to your mail at no cost
  • As regards the payments, you shouldn’t be paying more than $178 which should cover all of Operating Agreement, EIN and State Filing Fee. Notably, you can use any of PayPal and Credit/Debit Card for making the payment. Simply input your details (your first name and last name) including your card details. Following that, you should tap the Place your order button to complete the business formation process
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Once you’ve successfully set up a US LLC with your EIN/Federal Tax ID delivered to you, you can head to the official site of Stripe via http://stripe.com/ to create a verified Stripe account.

For the eventual Stripe account creation, you’ll have to provide the details delivered to you following the LLC formation. Do well to supply the details very carefully so that you don’t make any mistake that could hinder the success of the Stripe account creation.

 

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