According to studies conducted by the Small Business Administration (SBA), there are 30.7 million small businesses in the United States, accounting for 99.9% of all businesses in the country . A small business, according to the SBA, is one with less than 500 employees. As a result, many highly valued startups in the United States fall under this definition of small business.
As mentioned above, in order to qualify as a small business, your startup needs to be of high value. Luckily there are companies that assist startup entrepreneurs in achieving this goal. One of these companies is ZenBusiness.
What Is ZenBusiness
Zenbusiness, based in Austin, Texas, is a business formation and maintenance service. They assist freelancers, entrepreneurs, and small company owners in establishing and maintaining a presence in the United States. Since its inception in 2015, ZenBusiness has served over 70,000 customers and is a Public Benefit Corporation.
They have studied and mastered what it takes to deliver the essential, quality, and trustworthy services entrepreneurs want at a low price thanks to their many years of combined experience in the LLC formation sector. Different LLC creation packages, add-ons, and other services are available from the company. After analyzing all of the available options, you can’t go wrong with ZenBusiness. Below, we’ll continue our examination of the LLC service.
ZenBusiness assists startups throughout their formation process. Below we will discuss a few of the services they provide and why this is needed:
Preparation and Filing of Company Registration Paperwork
The preparation and filing of your company formation documentation is ZenBusiness’s first and most significant service. After all, you can’t establish your LLC, C-Corp, or DBA unless you prepare and file your business registration forms. They’ll assist you in filling out the required documentation, ensuring that there are no visible errors or concerns, and filing it with the appropriate authorities.
Name Availability Search
You must have a unique name while beginning a business. Your application will be refused if your company name is too similar to that of another business in your state, and you will have to resubmit at your own expense, delaying the launch of your new business. ZenBusiness will do a name availability search in your state before submitting your LLC formation application to ensure that your new company name is available. This will not only save you time by avoiding the frequently clumsy and outdated company name search systems, but it will also ensure that your application is not denied due to an easily avoidable error.
Every business must have a designated contact person who is available throughout all normal business hours, as well as register a physical location in the state where your company is incorporated. It’s known as a registered agent, and it serves as the primary point of contact for official government-to-company communication.
Due to a variety of variables, maintaining the requirements of this role can be difficult for small organizations with few staff. ZenBusiness solves this difficulty by acting as your company’s registered agent and performing all of the duties associated with that role. They’re available throughout regular business hours and can complete and file papers as well as notify the appropriate authorities if your information changes.
Operating Agreement Setup
An operating agreement is one of the most crucial yet often overlooked aspects of beginning a new business. An operating agreement lays out the groundwork for how your business will be operated, including which activities are and are not acceptable, how your personal assets will be protected from the firm’s actions, and how the business will be run after the owner(s) have left. To secure your business, assets, and peace of mind, ZenBusiness provides an operating agreement template that you may customize to your needs.
Obtaining An EIN
The business equivalent of your social security number is an Employee ID Number. It’s a 9-digit code granted by the IRS in order for them to identify your business, and it’s crucial to your success. To open bank accounts, recruit staff, obtain financing, and just about every other aspect of your business operations, you’ll need an EIN. Obtaining an EIN can be complex and difficult, especially when juggling the hundreds of other chores required to launch a business, thus ZenBusiness will make it simple. They’ll file for an EIN on your behalf, ensuring that you have everything you need to get your business off the ground.
ZenBusiness provides everything a new business needs to get started, including excellent customer service and a worry-free guarantee, for up to 70% less than the competition.