One way that you can set up your business structure is to use a service like Legal Zoom, Incfile.com, or Rocket Lawyer. If you know what you are doing, these services are perfectly legitimate ways to incorporate your business.
However, if you don’t know what you’re doing, and haven’t done your research, you could waste a lot of time and money. By the same token, if you cannot afford any other way, do it this way – but do your due diligence.
The online legal services like Legal Zoom claim to be essential and easy to use services that help small businesses with their legal needs – often for a fixed rate. You can start your business formation, create customer legal documents, apply for trademark, patents, and copyright protection, consult with a real lawyer, and get tax advice.
The pricing is fair on most of these services, although for some services you might be able to get cheaper prices in person, which is another reason to shop around. Some of these sites even offer a money-back guarantee. Other than the personal services, most of the online sites like this that provide legal business services are a commodity, and you can choose the lowest price on a legit platform. Just make sure the platform has been around a long time and is indeed a real service.
You Need to Understand What You’re Doing
You really do need to have a general understanding of legal terms, what type of business structure you want, and why, and a lot of other information that you may not know off the bat. That’s one reason (among many) that talking to a lawyer in person is often your best bet. You don’t know what you don’t know, and that can cause mistakes.
Check Their Reputation
Legal Zoom specifically, has been around a long time and has a good reputation. You can create comprehensive business legal plans as well as do a lot of other things. Some people complain about the customer service on these sites, but you must remember in most cases you’re paying these low prices due to the lack of personalization. It’s mostly a do-it-yourself service with some legal guidance.
The safest way to incorporate your business, protect your assets, and run your business is to use the right team which will include a lawyer or two, a CPA, a bookkeeper, and other professionals to advise and help you get it done right the first time.
zHowever, if you really cannot afford it after talking to the professionals and getting quotes, using one of the legal services mentioned is a good option. Don’t let anything get in your way of legitimizing.
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