| So you've decided to incorporate your business, and | | | | a corporation online. There are many optional features |
| you are making the all important decision of how and | | | | that can be added, including applying for a Tax ID, filing |
| how much. Well, here is a breakdown of the cost | | | | for S Corporation status, and stock certificates. These |
| differences between forming a corporation online and | | | | options can add another $100 to $300 dollars |
| filing corporation papers the old fashioned way, with a | | | | depending upon how many you need. |
| lawyer. | | | | All things considered it is still a great deal cheaper to |
| First, let's discuss the fees for an average lawyer | | | | file a corporation online. The process is also much |
| formation and filing of corporation papers. Based upon | | | | simpler because you do not need to directly contact a |
| an average hourly rate of $250.00, a lawyer would | | | | lawyer. The price difference in forming a corporation |
| charge $1,500.00 for the formation of a corporation. | | | | online is anywhere from 50-60% less expensive than |
| This number could be reduced to around $1,000.00, | | | | a comparable attorney. Especially for small businesses, |
| depending if you know a very cheap attorney, or a | | | | this represents a significant difference and one that |
| family friend. However, it is safe to say the total | | | | should be weighed carefully. |
| charge will be above $1,000 based upon the average | | | | If you are unsure of certain details such as tax status, |
| salary and time required from an attorney. | | | | and other issues with corporations, it is still |
| To file a corporation online, the costs would be much | | | | recommended to consult a lawyer before forming a |
| less depending upon the features that you require. The | | | | corporation. However, there is nothing to stop |
| basic incorporation package can be filed using an | | | | someone from simply consulting a lawyer about the |
| online legal document service for $150.00. The state | | | | process, and then proceeding the file the corporation |
| filling fee is not included, however, and depending upon | | | | papers online. This would save a great deal of money |
| your state will add anywhere from $50 to $150 dollars. | | | | in hourly fees from a licensed attorney, and would |
| Basically, the total estimate for everything included | | | | address any issues that you could have with filing |
| would be under $300.00 for the entire package of filing | | | | status. |