In the year 2020, a record number of business applications was submitted. According to Census data, the number of applications declined significantly from 4.5 million in 2020, but the 427,842 company applications and 31,994 firm formations reported in August 2021 show that entrepreneurship is still alive and well.
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When starting a business there are many regulations and specifications that need to be met. These regulations include stating your business structure, filing registration papers and appointing a registered agent.
When it comes to selecting a registered agent for your business, many entrepreneurs prefer to make use of a registered agent service. Below we will find out more what are the top registered agent service that entrepreneurs prefer:
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Incfile
For anyone wishing to register a business, Incfile is one of the top online agent services. Their business formation packages include a year of registered agent service as well as a slew of other extras including business contract templates and custom document options. Another advantage of Incfile is that their annual renewal charge is one of the lowest in the industry.
In the long run, this can be a significant benefit, as moving businesses every year is not always the most efficient use of time, and renewal costs can be expensive. Customers have also posted thousands of good reviews for Incfile.
The only disadvantage of Incfile is that it has a lot of upsells and add-on services that are more expensive. This is aggravating because many individuals prefer to buy an all-inclusive bundle. If this troubles you, think about what services you might require and whether Incfile has a plan that contains them.
ZenBusiness
Due to its excellent customer feedback, ZenBusiness is regarded as one of the top registered agent services available. While the organization has only been operational since 2018, their track record isn’t as long as some others (such as Northwest Registered Agent). Nonetheless, they have done a significant amount of business. What do their customers adore the most?
ZenBusiness has helped them save money and is really simple to utilize. ZenBusiness charges $39 for an incorporation service that covers a full year of registered agent service. The incorporation service is $99 a year if purchased as a stand-alone product, which is still on the low end.
Northwest Registered Agent
The fact that they have been in business for 20 years is noteworthy. They have a long track record behind them. One of their most popular services and what they’ve become known for is their registered agent service. They’ve had a lot of time to polish their offerings and how they conduct business because they’ve been in company for so long.
As a result, while they charge more, their years of experience offer value to the business. They offer excellent customer service and feel that a no-nonsense, no-upsells strategy is the best way to keep their clients pleased.
Additionally, while some of their costs appear to be higher, they provide volume discounts that bring their price point down to $100 each year. Of course, your pricing judgment will be based on your demands. This is one of the more expensive solutions if you’re primarily integrating. Another characteristic that distinguishes this organization is that all of your documents are scanned onsite. The majority of businesses will scan only the documents that are legally required by the authorities. For the appropriate business, there is a thoroughness here that might pay off.
Why Make Use Of A Registered Agent Service
Registered agent services keep businesses informed about state filing obligations by providing periodic reminders. As a result, you won’t have to worry about legal bills and penalties— or, even worse, losing your business. A registered agent service provides you with peace of mind, allowing you to devote your time, energy, and attention to running your business.
If you want to be your own registered agent, you must be present to receive official notices at the address you specify during regular business hours. Instead of keeping track of deadlines and being present during business hours, a registered agent service allows you to focus on your business.
Final Thought
Is it Worth It to Hire a Registered Agent? It’s entirely up to you and the type of business you run. If you don’t want to deal with all of the legal paperwork, tax notices, and other documentation that comes through your business, hiring a registered agent is a good idea.
Many new business owners and entrepreneurs with minimal experience utilize a “free registered agent” service to help them set up their firm and then handle basic compliance issues on the cheap.
