Scam Report

Company Formation

Trusted Company Formation Services

All Company Formation providers listed in our Trusted Directory have been fully vetted, rated and reviewed as part of our 5-step verification process.

If you see a company formation service listed you can be assured they provide a quality of care at the highest levels in the industry and importantly, get their clients the results they want without breaking the bank.

If they don’t cut it – they don’t get in. Simple.

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Avoiding Company Formation Scams

Company formation services promise to take what can be a technically challenging and daunting process for most and turn into something that’s fast, efficient and low-cost.

In theory this is an excellent piece of news, but in truth the impact of every decision the new company owner needs to make before during and after the LLC formation or incorporation can continue to be felt long after the low-cost service has washed their hands of you.

Setting up a new commercial entity, be it an LLC, corporation, non-profit or DBA needs careful consideration and expert advice at all stages of the process – checks and safeguards on your decisions should be in place to ensure you’re setting up the right entity for your needs – and are not going to be left with liabilities you never considered.

With many of the high-speed incorporation services this is not the case – you’re simply one of thousands of files in a conveyor belt of new companies. Unless you’ve done all your research ahead of time you could end up facing a lot of unexpected fees, fines and legal liabilities.

Luckily there do exist professional services who not only offer low-cost and rapid turnaround formations but also provide excellent advice, check your needs and expectations and supply guides and other educational materials looking at all aspects of the process.

And we list them here.

So how can you protect yourself when using company formation services?

  • Know what you want – either ask for advice, or learn the basics ahead of setting up your company. A company is a legal entity and you will be the one held responsible for it’s full compliance with state and federal laws.
  • Check all fees, extras and add-ons. Know what is included in year one, but excluded going forward and what your total annual costs will be including state and federal fees.
  • Only use legitimate and trusted formation companies, such as those we list above.
  • Check a company’s credentials at the BBB and with your local Chamber of Commerce if they are in-state.
  • Read online reviews – is there a pattern of complaints with the company concerned?

Once again, LLCs and corporations are legal entities. You can’t just set them up and walk away without any liability. Even closing a company carries costs.

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