When choosing the best LLC service provider for your business, weighing the pros and cons of companies like Tailor Brands can help guide your decision.
Tailor Brands LLC formation services overview
To officially form an LLC, you must file with your state. But filing these documents is only the first step to legal compliance, most states also require:
- Appointing a registered agent at the time of formation
- Obtaining an EIN (Employer Identification Number) from the IRS
- Registering with the state’s department of revenue
- Meeting state-specific requirements, such as initial filing requirements
Tailor Brands offers three LLC formation packages:
- Lite ($0 + state filing fees): Along with filing of Articles of Organization, includes a 30-day trial for an invoicing and bookkeeping tool and access to their business coaching program
- Essential ($199 + state filing fees): Adds operating agreement, annual report filing, two business day processing before state submission, and an Amazon gift card.
- Elite ($249 + state filing fees): In addition to the items in the Essential package, it includes online business and branding tools, including website, logos, and one year of domain hosting. Also, the Amazon gift card is for a higher amount.
Other important details about Tailor Brand’s LLC formation services:
- Processing times: Up to 14 business days with the Lite plan (not including state processing times). Expedited service is available for $49. Essential and Elite plans both include two-day processing before submitting LLC formation documents to the state.
- Registered agent services: Not included in any formation package; available separately for $199/year. This is not currently available as a standalone service.
- Publication service: Not available, even in states where it’s required for newly formed or registered LLCs to publish a formation notice in certain newspapers.
- DBA (Doing business as) service: Not currently available.
Tailor Brands LLC formation process
Before we dive into the details of Tailor Brand’s formation service, it's helpful to understand the basic requirements for forming an LLC, so you can provide the necessary information during the order process.
Understanding these requirements will also help you evaluate the additional services being offered and decide which ones you need. Check out this resource to learn more: Guide to forming an LLC
Tailor Brand’s formation process begins with a questionnaire that covers both LLC formation and additional business services, reflecting its all-in-one approach. As such, some compliance services may not be available separately from the LLC service. Based on your answers, the platform recommends options suited to your business needs. Some of the steps in this process are -
- Provide business details: Name, state of formation, industry information, and whether you will have employees.
- Select additional services: You will also be asked whether you would like assistance with obtaining an EIN, maintaining good standing status, business branding, operating agreement, and more.
- Review and finalize order: Package costs and add-on prices are displayed near the end of the order process. You can review included items and adjust your order before continuing to the payment screen.
Once these steps are completed, Tailor Brands may take additional steps before filing your formation documents with the state. These include validating your name with a business entity data source. The company may also request more information about your business’s ownership, management structure, and registered agent. Tailor Brands will then prepare and file your Articles of Organization with the state.