CorpNet LLC Service Review

CorpNet’s ownership group has been in business since 1997, helping form more than 100,000 businesses in their 20+ years in the industry.

Although there are a lot of companies offering LLC services, CorpNet has earned a dedicated customer base and has the experience to do the job. With this CorpNet LLC service review, we’ll cover the details that set their service apart from the competition and help you decide if it’s right for you.

Advantages & Disadvantages

Advantages of CorpNet

✔ With hundreds of positive customer reviews across the web, CorpNet’s online feedback is almost entirely positive in nature.

✔ Every CorpNet LLC formation service package is covered by their 100% satisfaction guarantee. If you’re unhappy for any reason, they’ll refund all fees you paid to them with no questions asked.

✔ CorpNet strikes a nice balance between a high level of experience and a personal touch. Their ownership group is a husband-and-wife team with more than 100,000 business formations under their belts.

✔ If you want reliable, responsive customer support, CorpNet is a good choice. They’re available from 10am to 8pm ET every weekday, and they offer bilingual support if you’d rather speak Spanish.

Disadvantages of CorpNet

✖ CorpNet’s advertised prices are a bit higher than their competitors because they charge a separate shipping fee on top of the advertised price. They do ship your documents via USPS Priority Mail, but that’s still not worth the mandatory $29 charge that you’ll need to add to their listed price points. With us at ZenBusiness, you can form an LLC for free (just pay your state’s required fee).

CorpNet LLC Pricing & Features

CorpNet has three different tiers of LLC service packages: Basic, Deluxe, and Complete. If you would like to take a look at the full list of features available with each service level, check out the breakdown below for the complete details.

Basic = $108 + State Fees

➢ Prep and Filing of Articles of Organization: These are the documents that officially form your LLC with the state. CorpNet will draft these forms for you, then file them with your state of formation to create your new business.

➢ Name Availability Check: They will search through your state’s business database to ensure that there isn’t another business out there that’s already using your desired company name.

➢ Corporate Compliance Tool: CorpNet B.I.Z. is a reminder system for crucial deadlines for tax filings, annual reports, etc. It also allows you to store and print business documents.

➢ 60-Day Registered Agent Service Trial: More on this below!

Deluxe = $228 + State Fees

Everything from the Basic package, plus…

➢ One Year Registered Agent Service: A registered agent is a person or business entity that receives important legal documents on behalf of your company, then forwards them to you. Registered agents are required in all 50 states, and CorpNet will provide a year’s worth of service. After your first year, you can purchase registered agent service from CorpNet for $149 per year, although there is no obligation to do so.

➢ Federal Tax ID Number (EIN): An EIN is like a Social Security Number for your business. It allows you to hire employees, open business bank accounts, pay taxes, etc. CorpNet will acquire this number from the IRS for you.

➢ 24-Hour Document Prep: They will submit your fully prepped forms to your state within 24 hours of your purchase.

➢ Print Delivery: CorpNet will send you a hard copy of your formation documents.

Complete = $278 + State Fees

Everything from the Deluxe package, plus…

➢ LLC Operating Agreement: This important document outlines the ownership structure of your business, and also lays out some ground rules for how the LLC will operate. CorpNet will draft this custom document for you.

➢ LLC Kit and Seal: A decorative binder and seal with your company name printed on them.

What Other Services Does CorpNet Offer?

As with most competitors, CorpNet provides many other business services alongside its business formation offering. We took a deep dive into the other services CorpNet offers to see how much they charge for them, which can be especially interesting when examining a la carte pricing for features included in their formation packages.

Let’s take a look at everything CorpNet offers and discuss which services are good deals and which ones you can ignore.

• EIN ($69): It’s very easy to obtain your own EIN from the IRS, so it’s probably unnecessary to spend $69 having CorpNet acquire one on your behalf. That said, this is right in line with the $70 standard price point around the industry.
• Registered Agent Service ($149): In addition to the 60 days of registered agent service included in its cheapest LLC formation package and the full year included with its higher-priced packages, CorpNet sells registered agent service for the decent yet unimpressive rate of $149 per year.
• Operating Agreement ($99): Every LLC needs an operating agreement, and CorpNet will draft a custom operating agreement for your business for $99.
• Annual Report ($89): Most states require some sort of annual or biennial report from entrepreneurs. This report keeps the state updated regarding some basic attributes of your business, like your address or your registered agent’s name. This is a reasonable price compared to competitors’ rates.
• Business License Research Package ($349): This feature includes a list of all the licenses and permits your business needs to operate in compliance with federal, state, and local laws. You still have to apply for the licenses yourself, but it’s quite helpful to get a list of everything you need. Most companies charge around $100 for this service, so CorpNet’s pricing isn’t competitive.
• Payroll Tax Registration ($199): CorpNet will set up accounts for your company’s withholding and unemployment tax responsibilities. Few competitors provide assistance with payroll tax registration, so this is an intriguing offer.
• Sales Tax Registration ($199): Similarly, CorpNet will register your business for sales and use taxes with your state, county, and/or municipal government.
• Dissolution ($249): Are you ready to shut your LLC’s doors for good? Swyft Filings will complete and file your dissolution paperwork, closing your business and removing your responsibility for keeping up with ongoing maintenance requirements. However, the industry-standard rate for dissolution service is around $150.
• Foreign Qualification ($199): If your LLC already exists in another state, you need to file a foreign qualification rather than a formation. Considering that LegalZoom charges $229 and IncFile charges $149 for this service, this is a middle-of-the-road price point.
• Amendments ($149): If you need to amend your LLC’s formation documents to reflect important changes made to your business, CorpNet will file amendments for $149 each, plus the state fee. This is a slightly higher-than-average rate.
• Reinstatements ($299): Do you want to reinstate a previously dissolved LLC? CorpNet will file the paperwork to get your business back up and running for $299. While this is not a cheap service, most competitors do not offer reinstatement service.
• S Corporation Tax Election ($99): If you want your LLC taxed like an S corporation, this is the form you’ll need to file. For comparison, IncFile offers this service at a reasonable rate of $50.
• DBA Name ($79): A DBA (doing business as) name is an alternative to forming a business entity, as it gives you the legal right to use an assumed business name. The $79 price point offered by CorpNet is highly competitive, undercutting the typical $100 industry-standard rate by more than $20.
• Trademark Search and Registration ($299): CorpNet will search the federal trademark database and register your mark on your behalf, submitting your application in as little as 48 hours. However, IncFile offers this same service for $100 less while also including assistance from a qualified attorney.
• Conversion (pricing not disclosed): Do you want to convert your corporation to an LLC (or vice versa)? CorpNet will file the necessary paperwork for an undisclosed rate — you’ll need to call them for a quote. Many competitors don’t offer conversion services at all.

In Conclusion

CorpNet is a good option for any entrepreneur looking for an LLC formation service that receives strong customer feedback. In addition, we always appreciate this company’s 100% satisfaction guarantee that compares favorably to most refund policies in this industry.