How Long Does Incfile Take?

Last updated on March 16, 2023

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One of the most important questions you’ll have when considering whether to form a company with Incfile is “how long does Incfile take to form a company”. Like most things when it comes to legal paperwork… it depends!

In general, it’s going to take around two weeks to fully form your new business entity with Incfile. This can vary depending on whether you want to form an LLC, partnership, corporation, etc.

The length of time it takes to form the company is usually not on Incfile though, it’s on the actual state you’re forming the company in!

How Long Does Incfile Take to File State Paperwork?

This is always going to be the longest wait when forming a new company because the government has to approve your formation request.

Unfortunately, as we all know, the government is often not very efficient when it comes to paperwork, and this is what causes the delay.

That said, some states like Colorado, Nevada, Minnesota, Mississippi, and Missouri all offer immediate filing online. This will speed up the process a lot and reduce how long it takes Incfile to form your company.

So, in a nutshell, the forms you need to complete can be done on the Incfile website in about an hour, but from there, they need to file that paperwork with the state, and it can be instant if the state allows online submission, or up to 15 business days if they require it to be mailed in.

The paperwork filing is only part of the question though because, in addition to that, you will also need a few other things like a business bank account, an EIN (Employer Identification Number), and an operating agreement.

Creating an Operating Agreement

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Most states require your company to have an operating agreement. This is a legal document that is created to ensure all members and owners of the LLC or corporation have their responsibilities and duties outlined.

You can find free templates for this online which can be modified to fit your purpose, or you can do this on the Incfile website.

As part of the Incfile paperwork that is completed in about an hour online, they can generate an operating agreement for you. So, it will take Incfile much less time to complete this than it will take you to do it manually.

Getting an Employer Identification Number (EIN)

This is a number that the IRS assigns your company to track tax liabilities. This is why it’s also known as a Tax ID number.

You need this number to open a bank account, create payroll for employees, or to provide W-9 forms to clients you work with.

Just like the operating agreement, you can do this yourself, and it will take some time to file it on the state website. That will take around one business day.

Incfile can also take care of obtaining the EIN for you as part of your application process. Both ways will take about 1 day, but by doing it with Incfile you save yourself the time of figuring out where to go, how you file it, and what information you need to provide.

Conclusion

Hopefully, this article has helped you to understand how long Incfile takes to complete the formation of your company.

The paperwork you need to complete can be done on the Incfile website in an afternoon, and from there, it’s down to the individual state governments how long it takes for the application to be approved.

We recommend using Incfile to make the process as fast and streamlined as possible, but you can also do it yourself if you prefer.

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Reference Legal Explanations

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