Incfile

The Complete Guide To IncFile 2022: Services, Pricing & More

Eshita Pathak
By Eshita Pathak 22 Min Read

IncFile has become one of the most popular LLC formations since 2004, when it opened its doors, forming over 500,000 businesses. While several firms may help you establish an LLC online, IncFile has established a strong presence in this competitive business. 

Incfile provides comprehensive small business management and accounting services to assist you with startup accounting and keep you on the right track. Business formation, accounting, registered agent services, business license searches, and other services are included. 

Should Incfile be the right option for your company? Learn more about this popular legal services platform in our complete Incfile review.

IncFile Overview

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Incfile is a new business formation and registered agent service firm headquartered in Houston, Texas. They provide a wide assortment of formation, compliance, and filing services. 

The company has been focused on efficiency since its inception in 2004. The website says Incfile has “utilized technology to streamline the business formation procedure since its inception.” Among the services offered by Incfile are: 

  • An efficient business formation service offered for LLCs in all states
  • A registered agent service provided for businesses in all states
  • Compliance assistance, including the filing of annual reports
  • Accounting and bookkeeping services

Although Incfile can assist you in establishing a business entity, they are not a law firm or accounting firm and cannot provide legal counsel or other legal services. 

IncFile: Services

We discovered Incfile to be one of the finest services for setting up a new company. In addition to its business establishment plans, Incfile offers a wide range of services. You can obtain an accounting, registered agent services, business license searches, and more by using Incfile. Here is an in-depth review of services offered by Incfile.

IncFile Business Formation Service

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It can be hard to understand the regulations and protocols involved in forming an LLC, especially if you’re doing it yourself. You may waste your time if you don’t seek help. 

You may use an LLC formation company such as Incfile to prepare and file your paperwork. With IncFile’s expertise, you can rest assured that IncFile will process your documentation correctly. You can file an LLC with Incfile in a matter of minutes and entirely online. 

You’ll require to answer a series of simple queries about your future business (e.g., name, members, and address). Incfile says that it will submit your documents the next day. 

Incfile’s basic package provides free filing, but forming an LLC in one of the states requires a filing fee. The fee ranges from $40 to $500, depending on where you start your LLC. As soon as you enter your preferred filing state, Incfile will preload the checkout cost tab. 

Because this is among the initial steps, you will immediately know the final cost of your procedure. You will have to wait for your documents to be processed by the state. Processing times differ by state and time of year.

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Users can file S-corporations using Incfile to save on taxes, protect their assets, receive flexible income characterization, and ensure easy company turnover. 

Users can establish C-corporations to maintain limited liability, offer stock, transfer ownership, increase business credibility, separate themselves from their owners, and form LLCs and corporations. 

In addition to LLCs and corporations, Incfile may be used to develop all types of non-profit organizations

IncFile Bookkeeping Service

Incfile provides business bookkeeping and accounting services at a low monthly cost. Users can employ a professional bookkeeper to assist them in addition to monthly reports, accounting software, and a business accountant. Tax advice from a qualified accountant is also available. 

It allows users to track and reconcile expenditures and accounts by matching them with their accounting and bookkeeping records. It also ensures that every LLC, C-corporation, S-corporation, and sole proprietorship complies with government filing requirements by preparing, reviewing, and filing tax returns.

Incfile helps small business owners identify and pay payroll taxes, state income taxes, self-employment taxes, federal income taxes, and other business taxes. 

You can receive unlimited tax consultations, business tax return preparation, quarterly accounting, mobile account access, and client kick-off services if you sign up for its business accounting service.

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IncFile Registered Agent Service

Incfile provides free one year of registered agent services when users set up their business using one of their plans. After a year, users must pay $119 annually to continue the service. 

Every LLC and corporation must require to have a registered agent. A registered agent is a physical presence in your state and includes an address. Incfile’s registered agent can receive legal proceedings, documents, and IRS mail on behalf of your company. 

This service consists of an online dashboard allowing the state government to send annual report forms, litigation notices, franchise tax forms, and tax and legal documents. You will be notified automatically via SMS or email when you receive business documents. 

IncFile Entrepreneur Resources

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Incfile provides an extensive range of small business support services and business formation. They have produced a comprehensive business startup manual, free business tools and downloads, a Start and Run a Business Checklist, and a helpful blog. These resources assist entrepreneurs in several ways

Readers will discover how much Incfile cares about helping entrepreneurs succeed by learning how to measure business success, develop their business idea, and the legalities of starting a business. 

They will also learn how to measure business success, market their business, create a business identity, finance their business, and file for business forms, licenses, and taxes. 

Incfile offers several entrepreneurial resources, including guides on establishing an Amazon business, a consulting firm, a food truck company, a non-profit organization, and more. It also provides information on corporate types and which states are optimal for registering them. Users may learn about registered agents, small business tools, etc.

IncFile Annual Report

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Annual reports are often required to be filed by businesses with the state. In addition to giving the state information on the firm’s activities from the previous year, annual reports also offer updates on ownership and company information. 

Users can pay Incfile $99 in addition to state fees to file annual reports. It can assist users file reports, including corporate purposes, authorized signatories, and stock shares issued, among other things. 

It can also support the submission of executive summary reports, opportunity and risk assessments, and financial forecasts and projections.

IncFile Foreign Qualification

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Business owners must seek outside states for foreign accreditation when expanding or establishing branches nationwide. Incfile can facilitate the acquisition of a Certificate of Authority for business owners to operate outside of their home state. 

To obtain a Certificate of Good Standing from their state of incorporation, business people can employ Incfile to file relevant documents and pay the corresponding fees. Users must pay $149 plus state fees to acquire this service. 

Incfile EIN / Tax ID Number

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Businesses can request an employer identification number from the IRS to open a business bank account, pay employee wages, and file tax returns. You may order an EIN directly from the IRS website or receive it from Incfile in one business day. 

Incfile will handle all IRS interactions for you. Incfile Gold and Platinum plans include this service, which costs $70 in addition to state fees if you purchase it on its own. 

You may also receive an EIN over the internet in minutes through the IRS website. Therefore, we don’t believe this function adds anything to the Gold plan regarding value.

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To avoid financial penalties from state and local governing bodies, businesses must acquire the necessary business licenses. If your enterprise serves alcohol or food, if you’re developing a building, or if you need to set up street parking, you must acquire the appropriate license. 

Users who buy this package will be assigned a licensing specialist to identify all necessary support and permit certificates at the municipal, county, state, and national levels. 

IncFile will subsequently furnish the user with the appropriate permit and license forms. Finally, the user will be notified of fees, supporting document requirements, and filing instructions. 

Incfile File Business Taxes

Incfile can assist with accounting and bookkeeping services when filing business taxes. It handles tax filing, preparation, reconciliation, and accounting for its customers. The user’s account is set up during the initial client phone call, explaining the services offered and answering any questions. 

Users can get mobile-friendly bookkeeping software and unlimited access to accountants to discuss tax-related issues and IRS notices. Each quarter, Incfile continuously updates its bookkeeping and provides fiscal statements to users. 

Incfile can also handle individual 1040 tax returns. Users should contact Incfile for a free tax consultation and cost information.

Incfile Fictitious Business Name

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When a business is run using a pseudonym rather than its official business name, it is known as a fictitious business name (FBN). Business owners who want to establish multiple locations, offer a variety of product lines, or wish to maintain their anonymity commonly use pseudonyms. 

Fictitious names can be researched on Incfile and registered with the secretary of state’s office. Incfile pricing for FBNs based on entity type, state of incorporation, and state of operation. You can learn more about the pricing by filling out the form on Incfile’s website.

Incfile Amendment

Articles of the amendment are utilized to alter the information on a company’s articles of incorporation. The addition, removal, or alteration of things like address, business activities, the number of shares authorized, or the addition or subtraction of officers, directors, or members are usually accomplished by utilizing an article of amendment. Using this service costs $99 plus state fees.

Incfile Dissolution

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When a firm wants to close, it must submit a declaration of dissolution with the state. Instead of convening a board of directors meeting, filing a statement of dissolution forms, and notifying the IRS, Incfile can do it for you. 

Your company must be in good standing to file for dissolution, and you may pay Incfile $149 plus state fees to do it.

Incfile Change of Registered Agent

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Your firm might need to alter its designated representative at some point. It is vital to notify the state of this modification, but neglecting to do so may result in significant penalties. 

You can inform the state by submitting a Change of Registered Agent form and paying the processing fee. Incfile can take care of this for $49 plus state fees.

Incfile File S Corp Tax Election

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Using Form 2553, you can lower the tax burden for an S Corporation Tax Election for LLCs. To complete this on your own, you must go to the IRS website, navigate to the S Corporation Tax Election section, download the form, fill it out, send it back to the IRS, and wait for approval.

If you want Incfile to handle this for you, enter your company information on its website for a quote. 

IncFile Certificate of Good Standing

A Certificate of Good Standing is a paper that verifies that you’ve satisfied your business’s filings, fees, and other requirements at the state level. Even if you don’t need this document to operate your business, you must obtain it if you want to extend to other states or close down your business. 

Incfile will file for a Certificate of Good Standing for a nominal flat fee in any state where you operate (please refer to the chart to find out how much it costs). Competitors’ prices are comparable to Incfile’s for this service.

IncFile: Pros & Cons

Incfile has a lot to offer, but it also has its downsides. Here, we list the pros and cons to help you decide if Incfile is the right choice.

IncFile offers the following benefits:

  • One of the cheapest business formation services on the market and has excellent customer value.
  • Fast and easy checkout process. You can complete your order in under 10 minutes. 
  • Offer complete phone/email support, and you’ll also have access to a real-time order tracking tool.
  • Fast order turnaround; Incfile files your LLC documents within 1 business day.
  • Some excellent convenient features include online storage for your formation documents and a specialized dashboard.
  • No hidden fees or automatic service renewals
  • Incfile customer obtains an hour-long business tax consultation with a certified professional, free of cost.
  • All their packages include a full year of registered agent service for free.

Below are the downsides of using IncFile:

  • IncFile has very poor customer reviews.
  • Refund and cancellation policies of IncFile are not easily accessible.
  • There is only a tiny range of add-on legal services, and you cannot form a professional limited liability company (PLLC).
  • It takes a few tries to get a hold of a customer support representative.

Despite all the drawbacks, IncFile is still a better business formation company than others available in the market.

IncFile Pricing

Incfile provides three packages—Silver, Gold, and Platinum—to accommodate various business needs and budgets. All of Incfile’s packages offer excellent value. We discuss the multiple options in greater detail below.

Silver

Cost: $0 package fee plus state fee

Incfile Silver comes with some of these features:

  • Prepare and file Articles of Organization
  • Unlimited name searches
  • A free registered agent for a year
  • Next day order processing
  • Business website
  • Business Tax Consultation
  • Lifetime company compliance alerts

Customers who want to file their LLCs quickly and at the least expensive cost can choose Incfile Silver. Employers who do not need to put time into other priorities, such as creating an Operating Agreement or obtaining an Employer Identification Number (EIN), may benefit from this package. Competing service providers charge hundreds of dollars for these benefits.

Gold

Cost: $149 package fee plus state fee

Incfile Gold comes with some of these features:

  • Everything in the Silver plan
  • Employer Identification Number (EIN) business tax number
  • Operating Agreement
  • Banking resolution
  • Lifetime company alerts
  • Online access dashboard
  • Unlimited phone and email support
  • Business banking account
  • Business tax consultation

If you’d prefer someone else to take care of assigning your LLC’s EIN, choose Incfile Gold. If you’re concerned about making errors when filing the LLC documents, go with Silver. 

Operating agreements and banking resolutions are essential for new business owners. You can save money by using the Silver plan and purchasing forms individually, or you can save money with the Gold plan and buy the documents you need.

Platinum

Cost: $299 plus state fee

  • Everything in the Gold plan
  • Expedited filing
  • Domain name
  • Business email

Incfile Platinum might be a great value if you want the LLC kit and fast delivery. These extra amenities come at a premium, but otherwise, they are an excellent way to get started immediately. The web design and hosting services are terrific if you want a website.

The Incfile Silver, Gold, and Platinum packages are available in addition to various add-ons. Incfile advertises a six-week filing time if you purchase the Silver, Gold, or Platinum packages. 

Even though filing takes several minutes, if you do it yourself, you may pay $50 to have it done in five business days with the Incfile service. Upgrading your package will cost less if you choose à la carte add-ons. 

For example, you may use a business address and virtual postal service for $29 per month rather than your address for business correspondence. This preserves your privacy.

IncFile Ratings

Overall Rating3.8/5
Pricing4/5
Customer Service3/5
Ease of Use4.5/5
Included Features4.5/5
Turnaround Time3/5

IncFile vs. Competitors

IncFileZenBusinessLegalZoomNorthwest Registered AgentSwyft FilingsRocket LawyerBizFilings
Pricing4/55/51/54/51/52/53/5
Turnaround Time3/55/52/55/54/54/53/5
Customer Satisfaction4.5/55/53/55/54/55/54/5
Ease of Use4.5/55/55/55/55/54/54/5
Help & Support3/54/55/54/54/54/53/5
Overall3.8/54.9/52.7/54.6/53.3/53.7/53.4/5

Wrapping Up

Incfile is one of the finest firms for establishing a company. Whether you want to develop an LLC, company, or non-profit organization, Incfile can assist you. Although web development is not one of their specialties, they offer a wide range of services. 

You’ll have everything you require to get your startup moving forward with the help of their entrepreneurship guides, bookkeeping services, and business license searches.

IncFile FAQs

What does IncFile do?

Incfile provides business formation services and filing, compliance, and legal services. In addition, users can track the status and due dates of necessary forms and submissions using an online dashboard.

Is Incfile a good service for small businesses?

Compared to other low-cost business services, Incfile is one of the better ones. However, ZenBusiness and Northwest Registered Agent are two examples of high-quality providers at comparable prices.

Is IncFile free?

Incfile provides several free resources and tools, but paying to incorporate your business isn’t one of them. State filing fees are what keep it away from being free. The Silver plan costs you nothing but the state filing fee.

Is IncFile worth it?

Overall, Incfile is worth the money; it includes essential limited liability company services, a full year of registered agent service, and other critical features.

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