4 ms·

Pricing on these services is pretty high. They charge $404 + filing fees, but at least in New Mexico, one of the states that permits anonymous LLCs, you can for

Pricing on these services is pretty high. They charge $404 + filing fees, but at least in New Mexico, one of the states that permits anonymous LLCs, you can form one yourself in about 30 minutes of effort and $100 or so in fees plus $100 or so to hire a registered agent. Hard to justify the $404 on top of fees...

cgb223 9y ago
Probably has something to do with the lawyer that comes with it Their time is not cheap
nikanj 9y ago
$200 is for doing it. $404 for knowing how to do it.
- jcrawfordor 9y ago
  Most secretaries of state publish pretty detailed instructions on LLC formation, and more support is usually available from a state small business advocate. Sure, there is value in professional advice, but I wouldn't say LLC formation is the kind of thing that requires it.
  - eddieroger 9y ago
    It's not even necessarily the advice, it's literally just throwing money at a problem. Even if there are clear instructions, some people would rather throw money at having someone else do it. This service is for these people.
ringaroundthetx 9y ago
$404 is not high though. Even $600 in total (after filing fees, taxes) is not high. Just compare it to non-anonymous LLCs, with or without registered agents, and definitely without law firms or CPAs. You are still looking at least at $100. Registered agents charge an extra $100, and the ones that advertise $25 are lying. You won't get out of California, Delaware or New York that low at all. New York forces you to publish the existence of your New York LLC in two newspapers in your county, just to make SURE its not anonymous (in the year 1915). So if you live in New York City you are looking at spending $1,600. California is around $800. So you are accurate that you can do this yourself, at the same prices I pointed out, but there are several gotchas.

4 ms·

Pricing on these services is pretty high. They charge $404 + filing fees, but at least in New Mexico, one of the states that permits anonymous LLCs, you can for

by jcrawfordor 9y ago

cgb223 9y ago
Probably has something to do with the lawyer that comes with it Their time is not cheap
nikanj 9y ago
$200 is for doing it. $404 for knowing how to do it.
- jcrawfordor 9y ago
  Most secretaries of state publish pretty detailed instructions on LLC formation, and more support is usually available from a state small business advocate. Sure, there is value in professional advice, but I wouldn't say LLC formation is the kind of thing that requires it.
  - eddieroger 9y ago
    It's not even necessarily the advice, it's literally just throwing money at a problem. Even if there are clear instructions, some people would rather throw money at having someone else do it. This service is for these people.
ringaroundthetx 9y ago
$404 is not high though. Even $600 in total (after filing fees, taxes) is not high. Just compare it to non-anonymous LLCs, with or without registered agents, and definitely without law firms or CPAs. You are still looking at least at $100. Registered agents charge an extra $100, and the ones that advertise $25 are lying. You won't get out of California, Delaware or New York that low at all. New York forces you to publish the existence of your New York LLC in two newspapers in your county, just to make SURE its not anonymous (in the year 1915). So if you live in New York City you are looking at spending $1,600. California is around $800. So you are accurate that you can do this yourself, at the same prices I pointed out, but there are several gotchas.