Is INCFile Review The Best LLC Formation Service?
Today, I want to talk about INCFile. It is a great company for filing your LLC because it is not expensive and is user-friendly.
- Choose your Entity Type, click the dropdown menu and choose LLC.
- Choose the State of Formation
For a digital nomad, I suggest you choose Wyoming, Texas, or Florida because there is no Income Tax in those states. I usually suggest Wyoming to my students because it is an awesome state.
It will only cost $49 + state fees. No contract. No hidden fees.
Click the Get Started button, you will be routed to the page where you can choose the package. I suggest you choose SILVER as you don’t really need other features.
The package cost $49, it is your payment to the company so you won’t have to do it yourself. While the $102 is the state fee that goes directly to Secretary of State. The fee is what the state charges to file a new business entity.
They will provide an annual report. The due date is on or before the 1st day of the anniversary month of the organization. The filing fee would be $52.
If you want them to file the Employer Identification Number/Tax ID (EIN) it will only be +$70 (I do recommend this add-on).
The importance of filing an LLC is to protect your liability. If someone sues your business, and you have a house, they cannot get your house. They will only get what is in the business. All entrepreneurs set up LLC because it will protect their assets.
I highly recommend this company as it is very easy and if you have more questions, you just have to go to the Learning Center tab on their website or contact their customer support for more specific questions.