It’s an unfortunate reality of the business world that not every corporation and limited liability company (LLC) lasts forever.
If the time comes that you need to close your entity’s doors, you want to make sure that you complete each step of the dissolution process exactly as you’re supposed to. If you don’t, you could leave yourself open to legal issues and lawsuits down the line.
Due to the importance of the dissolution process, many entrepreneurs like to hire reputable business services providers to take care of this essential service.
There are dozens of different companies offering LLC and corporate dissolution services online these days, and it can be difficult to tell which one is the best option for your business. Let’s take a look at what sets these companies apart from each other and determine which one you should use for your entity’s dissolution process.
An Overview of LLC and Corporate Dissolution Services
Many of the same companies that offer incorporation and LLC formation services also provide entity dissolution services. In a way, you could say that these companies are involved with both the beginning and end of the company’s life cycle.
Interestingly, our list of the top choices for business formation service doesn’t have as much overlap with our list of entity dissolution preferences as you might expect.
Among our top three choices for incorporation and LLC formation service — ZenBusiness, Incfile, and Northwest Registered Agent — two of them (ZenBusiness and Northwest) don’t offer dissolutions at all, while Incfile’s price point for this service isn’t competitive enough to earn a spot on this list. With that in mind, let’s take a look at our top four choices for entity dissolutions and see what sets them apart from the competition.
Best LLC and Corporate Dissolution Services
Each of these companies has its own advantages and disadvantages compared to the others. Pricing is always our top consideration, but we also consider many other factors when ranking the best companies.
The companies on this list all provide affordable services, and most of them also have outstanding customer service and positive customer feedback.
What makes this competition especially difficult is that the actual services these companies offer for business entity dissolutions barely vary at all — the vast majority of them have the exact same offer. This makes it harder to differentiate these companies based on included features. Which one is the best choice?
- MyCompanyWorks: $99
- InCorp: $99
- LegalZoom: $129
- Swyft Filings: $149
MyCompanyWorks ($99)
MyCompanyWorks is a great option, with an appealing offer that costs less than $100 to dissolve an LLC or corporation.
One of the best reasons to use MyCompanyWorks is its excellent track record with customer reviews. We found more than 3,700 reviews of their services online, and they maintain very high average rating scores.
Another aspect of MyCompanyWorks that we really appreciate is how responsive their customer support representatives are. While some competitors will make you wait for days before responding to your support inquiries, MyCompanyWorks responds to most calls and emails within just 20 minutes, as long as you reach out during business hours.
They’re a well-rounded company with plenty of advantages.
InCorp ($117)
InCorp has the industry’s second-best price point for dissolution service, at $99 plus an $18 shipping fee for a total of $117. However, they rank firmly behind MyCompanyWorks in our analysis. That’s due in large part to InCorp’s mediocre customer feedback. While these other companies have thousands of positive reviews available, InCorp has about 170 reviews that are more mixed between positive and negative feedback.
InCorp has outstanding pricing for registered agent service, although this doesn’t really move the needle if you’re closing your LLC or corporation, does it? Overall, InCorp is a solid company with good services, but they don’t threaten MyCompanyWorks at all in this competition.
LegalZoom ($129)
LegalZoom is one of the biggest names in this industry, with a massive customer base numbering in the millions, along with extensive ad campaigns.
LegalZoom has more experience than the vast majority of competitors, and it also offers a 100% satisfaction guarantee that’s one of the best refund policies you’ll find in this industry.
We also appreciate LegalZoom’s track record of positive customer feedback, as we found 4,000+ mostly positive reviews of their services. Additionally, we love their extended customer support hours that even include weekend availability.
However, at $129, it’s tough to see a path for LegalZoom to break into the top three in our guide to the best entity dissolution services.
Swyft Filings ($149)
Rounding out the top five is another of our favorite companies in this industry, Swyft Filings. This company receives fantastic customer feedback, with a whopping 36,000 reviews available online and only a small handful of negative feedback. Like LegalZoom, Swyft Filings has an excellent 100% satisfaction guarantee, whereas many competitors in this industry have highly restrictive refund policies.
Honorable Mention – IncParadise: $89 (Nevada only)
Before we wrap things up, we wanted to briefly mention IncParadise, a company that provides fantastic dissolution service for Nevada-based LLCs and corporations. At just $89 (plus state fee), they offer the lowest price point we’ve seen for Nevada LLC dissolutions. Sweetening the deal is the fact that IncParadise provides free expediting services for Nevada business entities.
IncParadise doesn’t have a ton of customer feedback and they only offer dissolution service in Nevada (for what it’s worth, they provide many of their other services in all 50 states), but their offering is interesting enough that we thought it was worth mentioning.
Frequently Asked Questions
Are These Websites Legit?
While we can understand some of our readers might have questions about ordering important business services online, we can reassure you that the sites discussed in this guide are 100% legitimate.
Why Should I Use These Services Instead of a Lawyer?
Every company we profiled in this guide can save you hundreds or even thousands of dollars over hiring an attorney. At the same time, you’re still receiving services from experienced professionals. That said, if you operate a business in an industry with lots of regulations, you may want to consult an attorney.
What Else Can Online Business Services Companies Provide?
Depending on the company you choose, the list of additional services available may vary. However, most of these companies also offer things like business formations, registered agent service, corporate bylaws, operating agreements, foreign qualifications, federal tax ID numbers (EIN), and much more.
Do the Prices Listed Above Include My State’s Dissolution Filing Fee?
No. You will have to add your state’s fees on top of the prices you see above. This is because each state has its own fees for various business services, and there’s no “one fee fits all” type of pricing across the country.
Can’t I Just File My Own Dissolution Application?
You always have this option, and some entrepreneurs do file their own dissolution paperwork with no issues. However, we strongly prefer having a professional service prepare and file our dissolution documents. Properly dissolving an LLC or corporation is crucial if you’re going to avoid ongoing legal issues and potential lawsuits, so this is not the time to use the DIY route, in our opinion.