BizFilings Review (2024) Our Personal Experience Report
If you're thinking of incorporating your business, numerous LLC services like BizFilings can help you.
As a seasoned business consultant, I gained over a decade of practice working with several formation services across all states.
Based on my personal insights and collaboration with Venture Smarter legal team, I'll provide an extensive review on BizFilings to help you decide if their services are suitable for your business.
The article will cover the features, service packages and pricing of using the platform and employing the company.
What Is BizFilings?
BizFilings is an online LLC service headquartered in Madison, Wisconsin. I've collaborated with the company and can attest to their reliability and efficiency.
According to their website, it has been in operation since 1996 and has assisted in the formation of over 500,000 corporate organizations.
Aside from the basic services, I learned that BizFilings offers supplementary features to keep business entities in good standing with the respective Secretary of State.
This specific feature keeps the company compliant, legitimate, and protected from legal issues.
After availing of their service and navigating the platform, I found out that they feature additional resources to educate customers and a team of specialists, each with an area of expertise.
BizFilings has longstanding experience in assisting entrepreneurs with their businesses' launch, growth, and management.
It joined the Corporation Trust Company in 2002, which has more than 125 years of expertise assisting companies with managing their legal compliance obligations.
"BizFilings has been in the LLC formation and incorporation industry for decades and is widely regarded as a trustworthy professional service provider. They offer simple BizFilings LLC forms through the internet."
- Marie Still, MBA, Author, Digital & Brand Marketing
BizFilings Review Ratings
In our comprehensive evaluation of BizFilings, we've meticulously analyzed various aspects of their service to provide you with a detailed and balanced review.
Venture Smarter ratings are based on factors like customer support, pricing, features, and turnaround time, ensuring you get a clear picture of what BizFilings offers.
Here's how Venture Smarter rated each of these critical components:
Support - 4.8/5
BizFilings excels in customer support, earning a high rating of 4.8 out of 5.
BizFilings claims to offer exceptional customer support. In my experience, this claim holds true, as evidenced by the responsive and knowledgeable assistance I received.
Their team demonstrates exceptional responsiveness and expertise, consistently going above and beyond to assist clients.
Whether it's through their comprehensive FAQ section, direct phone support, or email inquiries, customers receive timely and helpful responses, making the process of business formation and compliance significantly smoother.
Price - 4.7/5
With a rating of 4.7 out of 5 for pricing, BizFilings stands out for offering competitive and transparent pricing structures.
BizFilings advertises a variety of packages designed to meet diverse business needs and budgets. Upon reviewing these options, I found that they indeed offer a range that can suit different financial situations, aligning with their claims.
While slightly higher than some competitors, the value provided through comprehensive services justifies the cost, making it a worthwhile investment for businesses seeking reliable formation services.
Features - 3.8/5
BizFilings offers a diverse range of features, meriting a rating of 3.8 out of 5.
BizFilings claims to provide comprehensive services beyond basic LLC formation, such as registered agent services and compliance tools. My evaluation confirms that these offerings are not only promised but delivered effectively, with a wealth of educational resources available to clients.
However, there is room for improvement in expanding their feature set to include more advanced options that cater to the evolving needs of modern businesses, particularly in the digital realm.
Turnaround - 4.2/5
The turnaround time for BizFilings' services is commendable, with a rating of 4.2 out of 5.
BizFilings promises expedited processing for business formations. When testing this claim, I found that their processing times were consistent with advertised speeds, with most tasks completed satisfactorily within the promised timeframe.
However, the turnaround time can vary based on state-specific requirements and the chosen service package, which is a factor to consider when selecting their services.
LLC Service Features & Prices
BizFilings offers three-tiered LLC formation packages. Since I've registered with the company, I tried all three plans and I became familiar with each of the packages.
Here's a brief description of each plan.
- BizFilings Basic Package ($99 + state fees): Includes business creation fundamentals, business entity name verification, and drafting of the necessary paperwork. Additionally, you also get the BizComply tool which provides 24-hour business monitoring. You can also enjoy their expedited processing and have your business filings incorporated between 4 and 6 weeks.
- Standard Package ($229 + state fees): All basic plan features plus expedited shipping, LLC kit seal, operating agreement template, and half a year of statutory agent service. The turnaround for this plan is 7 and 10 working days.
- Complete Package ($359 + state fees): All features of the previous plan plus compliance DVD, federal tax ID acquisition, business bank account, state document copies, and swift delivery.
- Registered Agent Service ($39): Registered agent service is included in the Complete Package, but if you choose any of the two remaining plans, you will pay $39.
Since I navigated the platform myself, the following image illustrates the different packages and their specific features.
The sample platform below applies to New York rates, simply click the state you want to register your business in to view and compare the different packages.
Here are the key benefits of using BizFilings:
- Experienced and Reliable: BizFilings has been operational since 1996, assisting in the formation of over 500,000 corporate organizations, showcasing its reliability and extensive experience.
- Comprehensive Compliance Support: The service includes features to keep businesses in good standing with the Secretary of State, ensuring legal compliance and protection from legal issues.
- Educational Resources and Expert Support: BizFilings goes beyond just offering formation services. They provide a wealth of educational resources and access to a team of specialists. This expert support in various areas of business formation and operation was particularly helpful in my experience.
- Diverse Service Packages: They offer three-tiered LLC formation packages (Basic, Standard, and Complete), each with different features to cater to varying business needs.
- Registered Agent Service: Included in the Complete Package and available for an additional fee with other plans, the registered agent service provided by BizFilings is essential for legal and compliance support, something I found invaluable.
- Expedited Processing Options: BizFilings offers expedited processing, allowing for quicker incorporation of business filings.
- Specialization in Nonprofit Incorporation: As someone interested in the nonprofit sector, I appreciated that BizFilings is one of the few services offering specialized packages for nonprofit and charity founders . As of 2022, the IRS recognized over 1.5 million tax-exempt organizations in the U.S.
- Customer Satisfaction Policy: The 100% satisfaction policy of BizFilings gave me confidence in their services, ensuring that customer needs and concerns are addressed effectively.
While BizFilings offers a range of services for business formation, it's important to be aware of certain limitations.
Below are the key downsides:
- High Prices: BizFilings' services are priced higher than many competitors, costing about $70 more for several offerings.
- Vague Service Descriptions: Some services are not as effective as advertised, such as the expedited processing option, which does not significantly speed up turnaround times.
- Limited Customer Reviews: Despite its experience, BizFilings has surprisingly few customer reviews.
Who Should Hire BizFilings?
Entrepreneurs who need a smooth and proper LLC formation should hire BizFilings.
According to several clients who just started a business, this online service can help you save time and money by navigating the complicated state and federal regulations for new enterprises.
BizFilings is also an excellent alternative for nonprofit and charity founders. It is one of the few services in the market that provide nonprofit incorporation packages.
BizFilings Customer Testimonials
Here are some of BizFiling's online customer reviews.
"With their 100% satisfaction policy, I was confident to hire BizFilings to handle my incorporation and compliance."
- Tracy, Nevada
“My overall formation experience was great, although it's a bummer that BizFilings services are more pricey."
- Colin, Alaska
"My order was completed in less than 7 days after purchasing their complete package."
- Tom, Connecticut
Let's look at how BizFilings compares to ZenBusiness, Northwest Registered Agent, and Bizee LLC services.
When we reviewed ZenBusiness we found that it provides significantly lower pricing than BizFilings.
ZenBusiness will create your company for free (you only need to pay the state charge). Given that BizFilings costs $99, ZenBusiness wins from this.
ZenBusiness also has an advantage when it comes to customer feedback since we have over 10,000 positive customer reviews online, whereas BizFilings has very few.
Both services are equally simple to use as you can easily traverse their web platforms since they are user-friendly and straightforward.
As for turnarounds, there's a slight time difference, but they offer it based on the package you select and the state you're filing in.
Regarding experience, BizFilings has over a decade of experience in forming LLCs and has worked with more than 500,000 businesses.
ZenBusiness, on the other hand, was formed in 2015 and has served 300,000 clients.
2. Northwest Registered Agent
BizFilings and Northwest Registered Agent are well-known and respectable businesses that provide LLC formation services.
Few rivals can match the degree of personalized customer care offered by Northwest Registered Agent.
Additionally, BizFilings has relatively few reviews online, whereas Northwest consistently obtains thousands of positive client feedback.
Unlike BizFilings, which offers agent services for 6 months, Northwest Registered Agent gives a full year of registered agent service with their LLC formation options.
The turnaround times at Northwest Registered Agent vary by state, and they also provide expedited processing, which can take a few days.
In this aspect, BizFilings operates differently because their response times depend on the degree of LLC service you get from them.
Their Standard and Complete packages require between 7 and 10 business days, while their Basic package typically takes 4-6 weeks.
They also provide expedited processing service; however, there is an additional $60 price on top of the state expediting fee.
The user interface of Bizee (formerly Incfile) is more up-to-date than that of BizFiling. Bizee also provides one full year of free registered agent services, while BizFiling only provides six months.
Bizee provides a free LLC formation basic package (you only pay state fees) plus a free registered agent service, whereas BizFilings charges $99 for incorporation.
When it comes to customer care, these LLC formation services are comparable. The hours of operation for BizFilings are more extended from 9 am to 8 pm ET than those of Bizee, which are 10 am to 7 pm ET on weekdays.
On their respective websites, Bizee and BizFilings offer real-time order status monitoring systems that help you keep track of your formation from placing an order until your finalized papers are mailed to you.
Is BizFilings Legitimate?
Yes, BizFilings is legitimate. This limited liability company service has been operating since 1996 and has worked with over 500,000 businesses.
Does BizFilings Have a Refund Policy?
Yes, BizFilings has a refund policy, although it's convoluted. When you request a refund while they're processing your order, you'll receive the funds minus a $50 fee.
Venture Smarter Verdict on BizFilings LLC Service
BizFilings distinguishes itself by providing customers access to a vast network of business resources.
However, it's disappointing that they charge more for their basic plan, and their registered agent service lasts only six months.
If you want a well-rounded LLC company that offers formation services for free plus affordable registered agent services, then ZenBusiness is the way to go.
ZenBusiness combines speed, expertise, quality, and value for money.
The company also manages your annual report and gives up to two yearly modifications, ensuring that your company is in good standing with the state.