Hi there, my name is Bradley, and I'm the CEO of WorkdeskApp. Based on feedback, we're sharing our experience with the questions we've encountered, as our users frequently ask us about them. A high-demand question is about 'Business formation' and the 'Best company structure for local services or small businesses.' I'll try to help our followers and subscribers find valuable answers on this topic.
If you're a business owner deciding to open a business, you should know the difference between your personal bank account and banking for your LLC or Inc. An LLC, or Limited Liability Company, can have many partners and members, each with a different percentage of ownership. However, most business owners create an LLC with one member, making it easy to manage bank accounts since the owner doesn't need permission for operations and can access funds anytime.
When we talk about the business creation process, including legal requirements like statements, bank accounts, specific licenses, and insurances, there are a few web apps that can help you manage all-in-one. Many features, like the registration fee by state, are actually free, but it depends on the state. You can also open a bank account with their services, fill out contracts, and handle many things your business may need before you can start operating legally.
Let's Talk About Bizee
Bizee is a well-established online service that helps entrepreneurs form LLCs, corporations, and nonprofits. Since rebranding from Incfile in 2023, it has helped over one million businesses get started. The platform is best known for its affordable entry point, but business owners should be aware of some potential drawbacks regarding customer support and automatic renewals.
Key Functions for Business Owners
- Business Formation Packages: This is Bizee's core function. They offer three main tiers for forming your legal entity, with the key difference being the included features:
- Silver Package ($0 + state fees): Includes preparation and filing of Articles of Organization, unlimited name searches, and one free year of registered agent service.
- Gold Package ($199 + state fees): Adds an Employer Identification Number (EIN), an operating agreement template, a banking resolution, and lifetime company alerts to remind you of important filing deadlines.
- Platinum Package ($299 + state fees): Includes everything in the Gold package, plus expedited filing preparation, business contract templates, and a free domain name and business email for one year.
- Registered Agent Service: A registered agent is a legal requirement for all LLCs to receive official documents. Bizee includes this service for free in the first year of all its packages. After the first year, the service automatically renews at a cost of $119 per year.
- Ongoing Compliance and Add-Ons: Beyond formation, Bizee helps businesses stay compliant. They offer services like annual report submission, virtual address services, foreign qualifications, and filing for DBAs (Doing Business As). The lifetime company alerts in the higher-tier plans are a valuable tool for tracking state-specific deadlines.
- Business Resources: The platform also provides various free tools and guides, such as a business name generator, tax calculators, and state-specific guides to help entrepreneurs research and plan.
Bizee is a powerful and budget-friendly tool for entrepreneurs focused on the initial step of forming their LLC without spending a lot of money. The free formation package and included registered agent service provide exceptional value at the start. However, business owners need to be vigilant. You must carefully monitor your account to avoid unwanted auto-renewal charges and be prepared for potentially frustrating customer service if problems arise. For straightforward formation needs on a tight budget, Bizee is a solid choice, provided you keep a close eye on the fine print.
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