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People often wonder about the benefits of utilizing a business formation company to prepare and file their company formation documents as opposed to filing these documents on their own. We are happy to share our experience and knowledge to answer this frequently-asked question.
Privacy: One of the main reasons business owners prefer the Delaware LLC is because of the privacy the state of Delaware provides its LLCs. In Delaware, LLC owners are not required to supply members’ names or addresses in order to form an LLC if they file the company through a Registered Agent.
However, if you file your documents directly with the state of Delaware, you will be required to make your information public. This is because when you file the company yourself, you become more than a member; you also become the Authorized Person to file the document.
The contact information of the Authorized Person is listed on your Certificate of Formation, and is available to the public. When Harvard Business Services, Inc. prepares and files your company formation documents for you, we act as your Authorized Person, and therefore it is our address listed on the documents, and to the public, not yours.
Speed and Efficiency: When Harvard Business Services, Inc. prepares and files your company formation documents, we guarantee accuracy. Whichever day you initiate the company formation with us will be the birth date of your company. We will email you the approved documents in two to three days.
When you file your documents directly with the state of Delaware, the standard turnaround time is about 3 to 4 weeks. If there is a mistake on the forms you submit, it could take about 3 to 4 weeks for you to receive notification; by the time you have corrected the mistake and resent it, you have wasted valuable time. You can file your LLC with Harvard Business Services, Inc. over the phone or on our website; both take less than 15 minutes.
Cost: All of our business formation packages include the state of Delaware's fees, expedited documentation preparation and the first year of Registered Agent service. After the first year, our Registered Agent Fee will be $50 per year. This rate is guaranteed to remain fixed at $50 per year for the life of your company, as long as your company remains in good standing with the state of Delaware.
Many Registered Agents raise their Registered Agent Fee every year; however, Harvard Business Services, Inc. has charged only $50 for our Registered Agent Fee since our company was formed in 1981.
Convenience: In addition to forming your company, Harvard Business Services, Inc. offers many additional services, such as obtaining a Federal Tax ID Number, providing a Corporate Kit and digital company seal, Mail Forwarding and Virtual Office Services, free LLC Operating Agreement templates and more.
If you have any questions or are unsure why you shouldn't file on your own through the Delaware Division of Corporations, please get in touch with us and our helpful, knowledgable customer service representatives will be happy to answer all your questions.
You can call us at 800-345-2677, email us at firstname.lastname@example.org, Skype with us at Delawareinc or talk to us via LiveChat.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.