In this Inc Authority review, we’ll unpack this business formation company to help entrepreneurs and startup founders decide whether it’s the right option for them. Inc Authority has been in the business since 1989 and has helped over 130,000 corporations and LLCs to formally establish their credentials.
Inc Authority also provides a full array of services, including consulting for business tax, funding, and credit.
So, how does it work and what do Inc Authority reviews say about the quality of its services? We’ll go through this and more in-depth.
Today We’ll be Covering Inc Authority and Its:
Inc Authority LLC fees are broken down into 3 simple packages. While LLC registration is free, Inc Authority packages add a lot of value that goes beyond the registration phase of launching a company. The Starter plan covers everything you need, while the Executive package adds nice-to-haves like a business license report and a website domain. The Tycoon package mostly includes services related to establishing lines of credit for your business.
You can add these services individually, however, due to the massive discounts on packages, most Inc Authority reviews agree that they are usually the more economical option:
|Verify Business Name Availability||✔️||✔️||✔️|
|Complete Operating Agreement/Bylaws||✔️||✔️||✔️|
|Record Book and Company Seal||✔️||✔️||✔️|
|Minutes of First Meeting and Resolutions||✔️||✔️||✔️|
|Internal Revenue Service (IRS) Tax ID Number (EIN)||✔️||✔️||✔️|
|Business Credit, Funding, and Tax Consultation||✔️||✔️||✔️|
|Business License Report||✖️||✔️||✔️|
|Business Credit Coach||✖️||✖️||✔️|
|Multi-Tiered Credit Building System||✖️||✖️||✔️|
|Business Credit Launchpad||✖️||✖️||✔️|
|D&B Credit Bureau Registration||✖️||✖️||✔️|
The best part is that Inc Authority will act as your registered agent completely free for the first year. Most other companies calculate this into their pricing or charge extra for it. The only expenses not included in the total price on Inc Authority’s website are the state fees.
What Do You Need to Know About Inc Authority?
✔️ Basic company registration is completely free
✖️ Can be significantly more expensive than other options
✔️ You can tailor your choice to include only the services you need
✖️ No knowledge base and limited information on their website
✔️ Simple sign-up process with easy-to-follow instructions
✔️ Great range of extra services, especially related to business credit
According to Inc Authority reviews online, they are an incredibly easy-to-use service that enables you to register your legal entity of choice. Each step of the process comes with an explanation to put you at ease and let you know what you’re getting into. It’s as simple as:
You can now log into the customer portal to track the filing process and benefit from Inc Authority’s other services.
Although Inc Authority is not BBB accredited yet, they do have an ‘A’ BBB rating, and Inc Authority BBB reviews gave it a 5-star rating from customers. Inc Authority also does pretty well on other consumer review sites with 93% of their 3,877 Trustpilot reviews being “Excellent” (5 stars) and only around 2% being “Poor”. Most of their customer complaints have been resolved, and other reviewers generally have a positive impression of Inc Authority.
Rocket Lawyer is a similar business entity registration company that allows you to pick the services you want or to become a premium member and unlock almost all their services. Northwest Registered Agent and MyCompanyWorks are other options worth considering.
Inc Authority maintains that they only collect information to improve and personalize the service they offer to individual customers:
“Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent.”
On top of using secure SSL technology to encrypt your payment information, they don’t store it once you’ve completed a transaction. And they are fully compliant with the California Online Privacy Protection Act.
Of course, it’s a great option for startups on a budget to have their limited liability company registered for free. Even better, you get to choose only the services you really need and don’t have to waste money on others you might not want.
Still, you should be careful when choosing, as the total costs can quickly accumulate. In some cases, it might be worthwhile to just go with a premium package – especially if you strike it lucky with the generous discounts Inc Authority usually provides.
We just wish Inc Authority offered a bit more general information, although you can always reach out to their customer support to address any concerns.
Wrapping up this Inc Authority review for 2020, it’s worth noting that this company boasts a superb track record with few customer complaints. You can expect a professional and above-board service which will remove stress from the company formation process.
Inc Authority is a business formation company that has represented over 130,000 corporations and LLCs. They offer a comprehensive range of services from corporate business formation and strategy to business plan drafting and consulting. Their model is based on providing initial company registration for free, and then relying on the excellence of their services to retain customers long-term.
One of the main reasons to choose Inc Authority is because you can register your LLC or S-Corporation with them completely for free. Another reason is their flexibility in allowing you to choose only the services you need, catering to every budget.
When you purchase an Inc Authority package, you will get a significant discount compared to individually adding services. At the time of writing, the Starter bundle is discounted from $660 to $399, the Executive bundle from $789 to $499, and the Tycoon bundle from $1,289 to $799.
Unfortunately, all purchases made at Inc Authority are final due to the hard costs incurred when filing papers with state entities.
The duration of the process depends on the specific state involved and can be anywhere from 7 working days to a few weeks. Inc Authority does offer Express Processing, in which case they will submit your paperwork on the same day, speeding up the process by a few days.
While Inc Authority has an excellent ‘A’ rating with 5-star Inc Authority reviews, they are unfortunately not yet BBB accredited.