Incfile Versus Rocket Lawyer: A Review
When it comes to forming your new business, you need a service that combines quality, expertise, speed and value for money. We think it’s important to compare our services and how they match up to our business formation competitors. That’s why we’ve put together this objective review, comparing our services with one of our competitors, Rocket Lawyer.
We’ll compare the services offered by both incorporation businesses and let you know how Incfile and Rocket Lawyer contrast with each other.
Incfile Compared to Rocket Lawyer: A Summary
Cost for Standing an LLC (Basic Package)
$0 + state fee
$99.99 + state fee
Registered Agent
Free for the first year, then $119 a year thereafter
$149.99 a year
Expertise & Information on LLC Formation
Arriving at the Incfile and Rocket Lawyer Company Formation Websites
What can you expect when you visit the websites for the first time?
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Incfile’s front page is clear and easy to understand, getting you straight into the process of starting a business. Incfile starts by asking you about the type of entity you want to create and providing information for each one.
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Rocket Lawyer provides services besides business formation, including wills, real estate and other legal services. As a result, finding information on company formation is a little more complex.
Comparing Different Business Entity Types
Prospective business owners will need to review their options when deciding on the right business structure, such as LLC, S Corporation or C Corporation. It’s important to have the right information so you can make an informed, educated choice.
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Incfile has dedicated pages on each entity type, from LLCs to C Corporations, plus an interactive Business Entity Quiz designed to give a prospective business owner deep insight into the business structure that’s best for them. It also has an overview page and comparison chart highlighting the key benefits and drawbacks for each type of business entity.
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Rocket Lawyer also has an entity comparison page, although it’s not quite as detailed as Incfile’s.
Incfile has a large collection of helpful guides and documents to assist prospective business owners. Rocket Lawyer does have a blog and support guide with a reasonable level of detail.
Cost Comparison: Incfile and Rocket Lawyer
Incfile provides three packages for LLC company formation, while Rocket Lawyer provides one basic service.
Silver Package
Basic Service
Cost
$0 + state fee
$99 + state fee
Whats Included
- Unlimited business name searches
- Verification of company name availability
- Preparation and filing of articles
- Setup of a business bank account with Bank of America
- Free electronic delivery of documents
- An online dashboard
- Unlimited phone and email support
- Free business tax consultation
- Lifetime customer alerts
- Lifetime customer support
- Verification of company name availability
- Preparation and filing of articles
Gold Package
None
Cost
$149 + state fee
N/A
Whats Included
Includes everything in the Silver package, plus:
- A corporate kit
- An Employer Identification Number from the IRS
- Filing of IRS Form 2553 if needed to have your LLC taxed as an S Corporation
- Creation of a customized Operating Agreement
- Provision of a banking resolution
- Express shipping of physical documents
- No additional services provided at this level
Platinum Package
None
Cost
$299 + state fee
N/A
Whats Included
Includes everything in the Silver and Gold packages, plus:
- Access to a business document and contract templates library
- Expedited filing
- FedEx delivery
- A website domain name and business email
- No additional services provided at this level
Rocket Lawyer is considerably more expensive than Incfile and does not offer as wide a range of incorporation services.
Other Business Services Offered
Both Incfile and Rocket Lawyer provide several business services besides company formation. We’ve included a summary of those services below, along with the price from each provider.
Registered Agent Services
Provides a Registered Agent to take care of receiving your official business filings and paperwork
Incorporate Business
Cost
Incfile
Free for the first year, then $119 a year thereafter
Rocket Lawyer
$299 a year
“Fictitious” or “Doing Business As” Name
Use this filing to do business under a different name than the name of your LLC.
Incorporate Business
Cost
Incfile
$99 + state fees
Rocket Lawyer
Starting at $99 + state fees
Employer Identification Number from the IRS
Most LLCs will need an EIN for tax identification purposes.
Incorporate Business
Cost
Incfile
Included as part of the Gold and Platinum packages, or $70 as a one-off fee
Rocket Lawyer
Not offered as a service
Customized Operating Agreement
An Operating Agreement defines various facts about the owners of a business and how they will interact.
Incorporate Business
Cost
Incfile
Included as part of the Gold and Platinum packages
Rocket Lawyer
Access to a customizable document library for premium members at a fee of $39.99 a month
Banking Resolution
A banking resolution authorizes certain individuals within the business to access, control and act as a signatory on business bank accounts.
Incorporate Business
Cost
Incfile
Included as part of the Gold and Platinum packages, or $35 as a separate service
Rocket Lawyer
Not offered as a service
Business Licenses and Permits Research
LLCs require various permits and licenses to operate.
Incorporate Business
Cost
Incfile
$99
Rocket Lawyer
Not offered as a service
S Corporation Tax Filing Structure for an LLC
This type of tax filing can save significantly on self-employed taxes.
Incorporate Business
Cost
Incfile
Included as part of the Gold and Platinum packages, or $50 as a one-off fee
Rocket Lawyer
Not offered as a service
Trademark Search and Registration
Trademark searches look for trademarks similar to those you want to register. Trademark registration takes care of the trademark filing and approval process.
Incorporate Business
Cost
Incfile
$199 + federal fee for both trademark search and registration
Rocket Lawyer
Offered as a service, but no fees are listed
Annual Report Filing
Helps you file an annual or biennial report or statement of information with the relevant agency.
Incorporate Business
Cost
Incfile
$99 + state fee
Rocket Lawyer
Offered as a service, but no fees are listed
Corporate Kit and Seal
A corporate kit provides a way to gather and file paper documentation, membership or share certificates, and a seal with your company’s name.
Incorporate Business
Cost
Incfile
Included as part of the Gold and Platinum packages, or $99 as a one-off fee
Rocket Lawyer
Offered as a service
Corporate Bylaws
Bylaws are required for S Corporations and C Corporations for corporate governance. They are not required of LLCs.
Incorporate Business
Cost
Incfile
$30 or included as part of Gold and Platinum packages
Rocket Lawyer
Access to a customizable document library for premium members at a fee of $39.99 a month
Corporation Organizational Meeting Minutes Templates
S Corporations and C Corporations are required to keep business minutes of formal meetings. This is not required of LLCs.
Incorporate Business
Cost
Incfile
Included in Gold and Platinum packages, or $25 as a separate service
Rocket Lawyer
Access to a customizable document library for premium members at a fee of $39.99 a month
Rocket Lawyer does not provide as large a scope of incorporation and business management services as Incfile. When Rocket Lawyer does provide services, they are often more expensive or fees are not listed. Their basic incorporation package only includes a bare minimum of services.
Here at Incfile, we’ve worked hard to provide a comprehensive range of business formation and management services at a competitive price.
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