Having a business idea isn't enough; you need to put it into action and start your organization to make it legalized, recognizable, and worthy.
To establish a business entity, you need to register with the state government and complete all the formation's formalities.
But when you go for the DIY route, you end up spending thousands of dollars, several weeks, and with lots of confusion.
Many companies offer LLC formation services at very affordable prices and impressive packages to focus on your business while the formation happens.
One of them is Harvard Business Services. This LLC formation company has been a part of the industry since 1981 and has served enormous customers.
And in this article, we discuss the company's packages with their features and customer feedback.
So stay tuned and find out that Harvard Business Services is suitable for your requirement or not.
About Harvard Business Service
Established back in the year 1981, Harvard Business Services have helped in the formation of 200,000+ businesses in America and abroad.
Many companies indulge in the LLC formation services, but the track record that Harvard Business has maintained from the last three decades is impressive.
With great packages, affordable prices, commendable customer support, and advanced features, Harvard Business Services is coming up in the list of LLC formation companies.
Harvard Business Service Packages
There are two ways you can register and form your company; by the DIY route and by hiring LLC formation services.
When you go with the first one, you have to spend thousands of dollars by hiring an attorney who completes all the formation procedure, drafting, submitting the documents, and the other processing tasks under the state government's compliance.
When you go with the second option of hiring an LLC Services, all you have to do is go with the package that suits your budget and requirement and tell them about the LLC's time you want to establish, and voila.
Harvard Business Services is offering three LLC formation packages; Green, Basic, and Standard. Before going into the details, Harvard Business Services includes Delaware's state fees, which is $90 in their listed prices.
Now let's have a look at their packages and features:
$89 + State Fees
$139 + State fees
$239 + State fees
Green = $89 (plus State Fee)
Following are the features included in this package are:
1. Preparing & Filing your Articles of Organization:
Harvard Business Service helps you with the drafting of the most important documents, i.e., Articles of Organisation, and submit them with the state of Delaware to officially register your new business.
2. Name Availability Searches:
Before commencing the business operations, you must complete all the formalities and register your entity with Delaware.
It would help if you gave your business a name for registration, but sometimes we have this confusion that your desired name is available or taken by someone.
For that, Harvard Business Services search in the state stator base and find that the name you want to keep is available or not.
3. Registered Agent Services:
A Registered Agent is a person who collects important paperwork deliveries from the state and then forwards them to you. It is the compulsory service that every LLC must have in Delaware.
Registered agent service is offered free of cost for the first year of your purchase. You can renew your registered agent Services by paying $50 per year.
4. Lifetime Customer Support:
The customer services provided by Harvard Business Services are awe-inspiring. They also have bilingual customer support for the customers who speak Spanish.
You can contact the customer support representative from 9 am to 5 pm from Monday to Friday.
5. Ongoing Compliance Notifications:
when you get involved in a business operation so much and forget the crucial deadlines of the documents' submissions.
Harvard Business services will send you a regular date reminder when to file annual reports and taxes or any other filings with the state of Delaware.
Digital Copy of Filed Documents
Basic = $139 (plus State Fee)
This Basic package contains everything in the Green Package, plus:
1. Sample Documents:
It is a set of documents with different templates to create the personalized LLC operating agreement, digital membership certificates, banking resolution forms, and more.
Hard Copy of Filed Documents with Priority Mail Service
Express gold package
Express gold package cost $349 plus state fee. It includes services like
- 1Business name availability check.
- 2Preparing and filing articles of organization.
- 3Lifetime customer support.
- 4Operating agreement.
- 5'Next steps' guide.
- 6Deluxe organizer.
- 7Membership certificates and seals.
- 8VIP processing.
- 9Expedited processing with the secretary of state.
- 10Express shipping.
LegalZoom's additional services
- 1LegalZoom offers registered agent service at $249 per year, automatically renewed annually.
- 2It offers an Operating agreement service for $99.
- 3Operating agreement service along with EIN registration costs $159.
- 4Operating agreement service with EIN and licenses cost $99.
- 5Smart employer service costs $39.99 per month with a ten-day free trial in the beginning.
- 6Total compliance service costs $280 per year after a free ten-day service with your LLC order.
- 7Trademark registration cost $199 + filing fee
- 8The last Will-and-Testament service cost $179.
- 9Copyright application cost $114 + filing fee.
- 10Initial Patent application cost $199.00 + filing fee.
- 11Business advisory plan costs $31.25 per month if you choose a one year plan and $36 per month if you choose a six-month plan.
- 12In Legal forms, a single legal form costs $14.95.
- 13Unlimited access to forms library costs $7.9 per month or is available at no cost along with a business advisory plan.
- 14Forming an S-Corp and C-Corp costs $149, plus a government filing fee.
- 15Non-profit formation costs $99 plus the filing fee.
- 16LP and LLP cost one $49 plus filing fee.
Details of some of the services:
Banking resolution is where the financial account authorization letter states if you are eligible to open an account on your LLC's behalf.
'Next steps' guide will help you go through your LLC documents' reviews before submitting them.
Deluxe organizer is a box embossed with your company name.
Membership certificate and seal service is where LegalZoom provides 20 personalized membership certificates for you and your company's official seal.
VIP processing service lets LegalZoom prioritize your order over the customers from the economy package.
Expedited processing with the state secretary is LegalZoom's rush filing service, which is applicable if your state allows it. This service can cut short your waiting time to days from weeks.
The whole business formation process would be completed within 7 to 10 business days with this rush filing process.
Express shipping is where they ship your documents via Express mail with the tracking number.
The business advisory plan includes consultations over the phone, unlimited access to forms library, document review, a one- year annual evaluation plan for your business. It also includes one year of access to tax professionals and 25% off from your lawyer's per hour fee for any additional work that you decide to get.
Pros and Cons
What are the positives and negatives of Legalzoom? Do the positives outweigh the negatives? Following are the advantages and disadvantages of Legalzoom.
Registered agent service, operating agreement, EIN, etc., are some of the necessary services in LLC formation, leading to customers opting for it, ultimately ending up with a sum amount that is way too expensive.
It is advisable to utilize the service offers from some of its other competitors that provide most of the services under $400, sometimes even with the basic package.
Features and Services
Products and services by Legalzoom
Wills, trust, and family
Legalzoom provides LLC business formation service packages starting at $79 plus state filing fee. The first thing that the LLC category page offers is to check if your LLC business name is available.
You can enter your business name in the search bar provided and check if your business name is available or if it's already an existing LLC.
Moreover, many business owners prefer to form LLC because it requires a minimum number of formalities, and you have options in setting up your management outline.
It protects you and your assets, like your car, home, bank accounts, etc., from any business liability in case of unfortunate situations.
It also provides tax flexibility, where by default, LLCs are taxed as a pass-through entity and provides an option to be taxed as an S-corporation or a C-corporation.
It has three simple steps for business formation.
First, you tell them about your business, then they'll provide you with the options of services that might work for you, and in the end, you will be able to pick the best package that is suitable for you that's under your budget.
Legalzoom has provided a few samples of completed documents for reference.
You can launch your business Corporation formation in Legalzoom with packages starting at $149 plus a filing fee.
Corporations are beneficial in attracting investors to raise funds with investors who want a corporation.
You can lure employees into winning over and sustaining by giving them shares and looking like an official corporate company to do business with other companies or other types of corporations.
One can go with either S-corp and C-Corp, where about 70% of the Legalzoom customers opt to be an S Corp and end up with C-corp in some cases. So, it is also possible to convert to C-corporation later.
S-Corporation is only taxed once, and it charges tax to the shareholder where they pay the taxes on profits. It is limited to 200 shareholders and is mandatory to be US citizens or residents.
The owners can get common stock that comes with voting rights.
C-Corporation is taxed twice where the business pays corporate-level taxes, and the shareholders pay taxes for the income they earn from the business. The number of members that can own the shares is not restricted.
The owners may get stock according to their preference and do not come with any voting rights. Here the dividends are prioritized over ordinary shareholders.
The three-step process to get started with incorporation is to tell your business name, answer a few questions, and finally, they will complete and file your paperwork.
Few articles of incorporation samples are also available on the page for your reference.
Trademark registration can protect your name, logo, or slogan.
Any company needs to trademark these because it can help defend your company and sue anyone who steals your mark with your exclusive rights to your brand name slogans and logos.
You can Trademark a name, a logo, and a slogan. Legalzoom will ask you some questions about your trademark with which they'll research about it and get back to you.
After you approve of it, they will file with the United States Patent and Trademark office online. The process can take approximately three to six months. Legalzoom has two ways to register a trademark. They are,
This method costs $249 plus Federal filing fees. Your job is to answer the questions, and LegalZoom's job is to do the filing.
They will also provide a step by step guide to help you through the process. After everything is verified, they will file it with the state online.
2. Trademarking with an attorney
This method lets you get the help of an attorney to trademark your company's name, logo, or slogan. This cost $599 with Legalzoom guarantees a 94% chance of registering a trademark with an attorney's help.
If your trademark gets rejected for the first time, they will not charge you extra for your second try. Everything from researching your mark, filing it for you, and dealing with any downfall, will be taken care of by your lawyer.
Last Will and Testament
You can create your legally binding bill with the help of LegalZoom, and the price starts at $89. You can schedule a call with their attorneys for any legal advice.
They have three different packages for the Last Will and Testament, which are Basic Last Will, Comprehensive Last Will, and Estate plan bundle.
1. Basic Last Will
This method is a do-it-yourself method that can help you personalize your last Will. It costs $89 with this price package. You can create a personalized Last Will under your state's policy.
You are provided with a step-by-step guide to help you with the process and a free revision for 30 days after your purchase.
2. Comprehensive Last Will
This last Will comes along with legal advice from an attorney for two weeks after your purchase. This costs discourse $99. You can ask legal questions related to the subject to the attorney for two weeks.
The renewal for attorney service costs $14.99, which you can cancel at any time.You can create a personalized Last Will under your state's policy.
Additionally, they provide a step-by-step guide to help you with the process and a free revision for 30 days after your purchase.
3. Estate plan bundle
The estate plan bundle covers last Will, Financial power of attorney, and Living Will. This bundle will help you save $100 when purchased as a bundle. The bundle cost $179.
You are also provided with attorney advice for one year to get advice from lawyers related to your estate planning. You can renew this attorney service at $119.88, which you can cancel at any time.
You can create a personalized Last Will under your state's policy. They provide a step-by-step guide to help you with the process and a free revision for one year after your purchase.
Last Will allows you to appoint someone to handle and ensure that your heir inherits your possessions.
The Last Will allows you to choose who will receive your possessions and appoint a legal guardian for your children in case of you and your spouse's unavailability.
Legalzoom's process of creating a Last Will and Testament is by getting your answers for a series of questions about who will inherit your possessions and who should be the guardian of your kids, etc., and later creating your Will and letting you or the Attorney review the documents.
You can acquire attorney advice with prepaid legal advice plans provided by Legalzoom with two monthly fee options.
1. Business adversity plan
Business advisory plans have two payment methods.
One claims to be the best value at $31.25 per month as a 12-month plan, billed once a year for $375.
The other is a six-month plan priced at $36 per month, billed twice a year at $216.
This plan includes 30-minute individual consultation with an attorney on legal issues, contracts, and other annual legal business evaluations with up to 10 pages, which is available only with the 12-month plan.
Other additional benefits are unlimited downloads from the form library and exclusive discounts on other Legalzoom offerings.
2. Legal advantage plus
This prepaid Legalzoom plan offers unlimited 30-minute attorney consultation for your legal issues. The legal advantage plus's best value prepaid plan is the 12-month plan that costs $9.99 per month.
This plan includes service access to Legalzoom's network of attorneys for 12 months, unlimited 30-minute consultation on new legal issues, legal documents review with up to 10 pages, continued relationship with the professionals that you try, assess your estate plan, or update any past suggestions annually.
The other prepaid method costs $11.99 per month.
Further, this plan includes access to the Legalzoom attorney network for six months, an unlimited number of 30 minutes call consultations, reviewing legal documents with up to 10 pages, and a continued relationship with the professionals you trust.
The three-step process for attorney advice is - to select your preferred prepaid method to acquire consultations for 6 or 12 months, schedule your consultation with the attorney that you choose, consulting with the lawyer for your legal matter at the scheduled time.
Legalzoom Deals & Coupons
There are not a lot of deals and discounts found for LegalZoom services.
Although the website has mentioned that, in case of creating a Last Will or Financial power of attorney or even a Living Will, you can save $100 by opting for the estate plan bundle, which offers all of the above three document creation in one package, plus legal help for one year.
You can reach the customer service support team via phone call or by filling the form on their website. LegalZoom's customer service contact number is (800) 773-0888.
They are available on the weekdays from 7 am to 5 pm and on the weekends, from 7 am to 4 pm. LegalZoom's customer service is available throughout the week, which can be very beneficial for many existing customers.
However, some customers have updated several bad reviews which aren't happy with the customer support service. The waiting time to reach a support team staff takes up to one hour at least.
A few customers have also said that the sales team is way easier to reach than the support team. The sales team contact number is (855) 787-1922.
You can also contact LegalZoom's customer support by filling the contact form in the Contact Us category on the web page rather than composing your request in your mail site with your email ID.
Frequently Asked Questions
Legalzoom offers a 100% satisfaction guarantee, which means, if you are not satisfied with the service, they will refund the service fee that you paid with no questions asked if you request it within 60 days of purchase.
You can choose from two options, to receive a refund or a credit on the price.
LegalZoom has way too many upsells. It is much more than most of the other LLC formation Services.
Before reaching the price package selection page, LegalZoom force-feeds almost six upsells, an essential aspect of LLC formation for a business, which sums up to $1080, which is unimaginable pricing for small businesses.
Most of these upsells are essential services that one might require for business formation. Most of its competitors cover these upsells in their standard price packages themselves, which mostly comes under $300 to $400.
Each package takes a different file processing time. The basic package takes 30 business days for processing.
The standard package takes 15 days of processing time, while the Express gold package offers rush filing service and processes your documents in 7 to 10 days.
EIN is one of the vital services for any LLC formation.
So, it is not wrong to spend a little on EIN registration service, but, at the same time, there are a few other LLC formation service providers that offer it for free under their base packages, which are way more affordable.
You can even choose to do it on your own by registering EIN directly with the IRS, which will not cost you any money.
A business share is a piece of ownership of the business. There are two types- common shareholders and preferred shareholders.
Mostly, no. You can't file your trademark that can resemble an existing one. Although your trademark and the already existing trademark provide different products or services, you will be able to register yours.
So, it is only possible if the product or service provided by you and the existing trademark company is different.
Yes, the United States Patent and Trademark Office only allows one trademark filing per application. So if you need to register all three of your company's trademarks, you will have to do it separately.
The United States Patent and Trademark Office sends an approval after they receive your registration application asking for additional information or the rejection of your application along with an office action.
This whole process takes three to six months if you are already using your mark. You should respond to their approval or rejection within six months.
The United States patent and trademark might reject your trademark if your mark could confuse the customers with any other existing trademark.
If you are a business on a budget, it is better to choose an alternative service provider as you can only obtain most of the package services and additional services at a high cost.
This drawback makes its services way more expensive than most of its other competitive service providers.
Few other business formation service providers offer these additional services either for an affordable amount or tagged along with the standard packages.
This Legalzoom review has broken it down for you to understand its flats and curves. Even though LegalZoom is a very well-established reputed legal service provider, its negatives offset the positives a lot.
Legalzoom could be the one for you if you're more about having a reputed well-established company by your side for your legal needs and don't mind paying extra.
Further, LegalZoom is not recommendable if you're a small startup business or on a budget and don't wish to put a lot of excess money into your business formation.
At the same time, many other service providers offer most of these services at affordable prices.
The provided features might be precious, but their price is high for many of us. Legalzoom's 100% satisfaction guarantee is the one big highlight of the company.
They have provided service for many customers that they have a lot of experience providing professional LLC formation service as it's one of the oldest well-known legal services.
You can choose Legalzoom if you don't mind spending an excess amount of money on Registered Agent service, EIN registration, operating agreement, etc.
Their attorney's advice can opt for quality legal advice service.
To sum up, various other LLC service providers are more affordable than can be preferred over LegalZoom in pricing. But Legalzoom's major highlight is their experience and their refund policy.
Any business owner that doesn't necessarily want to throw in a lot of money for the services can opt-out of LegalZoom.