Part 4/9:
In today's media, platforms like LegalZoom are presented as affordable options for business incorporation. Sol critiques this, revealing potentially hidden costs and limitations within these services. He illustrates that while it appears easy to set up an LLC or corporation through these platforms, the costs—often exceeding $250—turn out to be subject to various state filing fees.
He further elaborates on the services rendered, explaining that many aspects of these platforms—like the EIN (Employer Identification Number)—are accessible for free through applying directly with the IRS. By relying on insufficient knowledge while seeking legal services, individuals may inadvertently saddle themselves with unnecessary expenses.