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Bizee Compared to Northwest
Bizee Compared to Northwest: A Summary
- Annual report preparation and filing
- S Corporation tax filing structure for LLCs
- Corporate kit and seal
- Generic templates provided for some business documents
Expertise and Information on LLC Formation
Arriving at the Bizee and Northwest Company Formation Websites
What can you expect when you visit the websites for the first time?
Bizee
Front page is clear and easy to understand, getting you straight into the process of starting a business. Bizee starts by asking you about the type of entity you want to create and providing information for each one.
Northwest
Provides a clean, unfussy front page with information that’s directly accessible to people and provides clear direction on what a user should do next. Unfortunately, their “Start Here” menu is overly complex and deep, with multiple layers that need to be clicked through to get to information.
Comparing Different Business Entity Types
Prospective business owners will need to review their options when deciding on the right business structure, such as LLC, S Corporation or C Corporation. It’s important to have the right information so you can make an informed, educated choice.
Bizee
Has dedicated pages on each entity type, from LLCs to C Corporations, plus a Business Resources designed to give a prospective business owner deep insight into the business structure that’s best for them. It also has an overview page and comparison chart highlighting the key benefits and drawbacks for each type of business entity.
Northwest
Does not have an entity comparison chart, so it’s not easy to see what type of business might be best for your circumstances and needs.
Bizee has a large collection of helpful guides and documents to guide prospective business owners. Northwest may have such documents, but they are hidden behind an overly complex menu system.
Cost Comparison: Bizee and Northwest
Bizee provides three packages for LLC company formation, while Northwest only provides a basic service.
- Verification of company name availability
- Registered Agent service
- Preparation and filing of articles
- Initial resolutions
- Generic templates provided for some business documents
- Operating Agreement or bylaws
- LLC membership certificates or corporation stock certificate
- Online access to formation documents
- No additional services provided at this level
- No additional services provided at this level
Northwest is considerably more expensive than Bizee and does not offer as wide a range of incorporation services.
Other Business Services Offered
Both Bizee and Northwest provide several business services besides company formation. We’ve included a summary of those services below, along with the price from each provider.
Registered Agent Services
Provides a Registered Agent to take care of receiving your official business filings and paperwork.
Company
Cost
Free for the first year, then $119 a year thereafter
Included in formation price for the first year, $125 a year thereafter
“Fictitious” or “Doing Business As” Name
Use this filing to do business under a different name than the name of your LLC.
Company
Cost
$99 + state fees
Not offered as a service
Employer Identification Number From the IRS
Most LLCs will need an EIN for tax identification purposes.
Company
Cost
Included as part of the Standard and Premium packages, or $70 as a one-off fee
Not offered as a service
Customized Operating Agreement
An operating agreement defines various facts about the owners of a business and how they will interact.
Company
Cost
Included as part of the Standard and Premium packages
Included as part of the formation fee; generic template provided for free. We do not know if the Operating Agreement provided as part of the formation is generic or customized.
Banking Resolution
A banking resolution authorizes certain individuals within the business to access, control, and act as a signatory on business bank accounts.
Company
Cost
Included as part of the Standard and Premium packages, or $35 as a separate service
Generic template provided for free
Business Licenses and Permits Research
LLCs require various permits and licenses to operate.
Company
Cost
$99
Not offered as a service
S Corporation Tax Filing Structure for an LLC
This type of tax filing can save significantly on self-employment taxes.
Company
Cost
Included as part of the Standard and Premium packages, or $50 as a one-off fee
$50
Trademark Search and Registration
Trademark searches look for trademarks similar to those you want to register. Trademark registration takes care of the trademark filing and approval process.
Company
Cost
$199 + federal fee for both trademark search and registration
Not offered as a service
Annual Report Filing
Helps you file an annual or biennial report or statement of information with the relevant agency.
Company
Cost
$99 + state fee
$100 + state fee
Corporate Kit and Seal
A corporate kit provides a way to gather and file paper documentation, membership or share certificates, and a seal with your company’s name.
Company
Cost
Included as part of the Standard and Premium packages, or $99 as a one-off fee
$110 for book and seal
Corporate Bylaws
Bylaws are required for S Corporations and C Corporations for corporate governance. They are not required of LLCs.
Company
Cost
$30 or included as part of Standard and Premium packages
Included as part of the formation fee; generic template provided for free. We do not know if the bylaws provided as part of the formation is generic or customized.
Corporation Organizational Meeting Minutes Templates
S Corporations and C Corporations are required to keep business minutes of formal meetings. This is not required of LLCs.
Company
Cost
Included in Standard and Premium packages, or $25 as a separate service
Generic template provided for free
Northwest does not provide as wide a range of incorporation and business management services as Bizee.
Many of their business documents are only provided as generic templates that need to be customized by you, which could lead to errors or mistakes.
Of the services that Northwest does provide, many of them are more expensive than Bizee. The Northwest website is also awkward to navigate, with many resources provided as part of the “Start Here” menu, which is multiple layers deep and frustrating to use.
Here at Bizee, we’ve worked hard to provide a comprehensive range of business formation and management services at a competitive price.
