Firstbase Review: When it comes to launching a new startup, there are lots of moving parts involved. However, one of the most important initial steps is to formally establish your business entity.
For most entrepreneurs out there, using a professional incorporation service can simplify this process and save valuable time and resources.
However, with so many software options out there, which one is the best option to get the job done right? We have done a review of the best LLC formation software; you should check them out.
In this Firstbase review, we’ll dive deep into what the platform offers, how it compares to others on the market, and whether it’s the right choice for your startup’s needs.
What is Firstbase.io?
Firstbase.io was founded in 2018, and has helped businesses from more than 120 countries register in a span of just three years.
They have set themselves apart with their distinctive global incorporation service.
The company boasts a knowledgeable team and an easy-to-use platform that streamlines the process and saves both time and money for its clients.
Services provided include assistance with EIN registration, business address setup, payroll management, and insurance management.
Firstbase.io is a company that helps individuals and businesses create a company in the USA.
With its user-friendly interface and positive reviews, Firstbase.io makes it easy for anyone to incorporate their company and establish an online presence.
The company provides ongoing compliance and support with services such as legal advice and Stripe Atlas. So, if you want a stripe account, this is an easy way to get one.
Firstbase.io Pricing & Features
Firstbase.io provides a simple and transparent pricing combined with robust features designed to fully cover your business’s incorporation and compliance needs.
Here’s a quick overview of their main products and features:
- Firstbase Start – ($399 one-time fee)
- LLC or C-Corp formation,
- US bank account opening
- EIN
- $200,000+ in deals/rewards
- Lifetime support
- Firstbase Agent – (Starting at $99/year per state)
- Registered agent service in all 50 states
- Compliance reminders
- Document Access
- Tax filings
- Firstbase Mailroom – (Starting at $35/month)
- Physical or virtual business address
- Mail forwarding
- Document digitization
Firstbase.io also offers a variety of add-ons, including payroll tax registration, accounting, and general liability insurance.
READ ALSO: Best LLC Formation Services and Agencies in the USA
Notable Firstbase.io Add-Ons:
- Exclusive Partner Rewards: In addition to their services, Firstbase has established partnerships with various companies to provide their users with valuable tools and incentives worth over $350,000.
For example, they partner with Stripe to enable users to easily accept payments, and they have partners that offer tax consultation services, etc.
These integrations and rewards are carefully selected to support users’ business growth by offering cash incentives, credits, automated processes, and time savings.
Overall, Firstbase’s partner network gives users turnkey access to a suite of services and perks that help drive the business forward.
- Accounting – Pricing depends on your company’s operational expenses: Firstbase.io offers a smart accounting service that combines expert bookkeeping with artificial intelligence.
This service makes tax time less stressful by ensuring your financial statements are always ready for tax filings and investor reviews.
It’s designed to take the complexity out of managing your business finances, offering real-time insights to keep you informed. Pricing depends on your company’s operational expenses.
- Payroll: Firstbase’s payroll solution simplifies the daunting task of managing payroll taxes across all 50 states. Whether you’re expanding or hiring remotely, they handle the legwork, ensuring your payroll is compliant and your team is paid on time.
It’s all about making payroll easy so you can focus on growing your business. You can add this to their Agent™ Payroll plan for $599/state/year.
- Insurance – Starting at $26/month: Firstbase.io offers tailored insurance solutions, including essential general liability insurance for e-commerce businesses and startups.
With quick, personalized quotes and a 60-day Money Back Guarantee, they ensure you get the coverage you need without the hassle.
Firstbase.io Features
Here are some of the firstbase.io features you should consider before registering your business in the USA with them:
- Incorporate a company in the US: Live your best life and create a company effortlessly in the US! Firstbase.io will complete the paperwork in a fortnight so you can begin trading.
- Choose from two states: Decide whether you want to create a US company in Delaware or Wyoming, assessing the benefits of each state according to your needs.
- US business account: Receive a business bank account in the US with Mercury online bank.
- US address: Automatically receive a US address to make correspondence simple.
- US EIN: Receive an Employer Identification Number once your registration is complete.
- Unlimited support: When you need support, Firstbase.io is ready and waiting to assist!
- Legal advice: You will receive legal advice as and when you need it from your Firstbase.io registration.
- Tax consultation: Know exactly where you stand with US tax regulations when using Firstbase.io.
- Incentives and perks: You will receive around $20,000 worth of perks such as credits to spend on tools and software.
Firstbase.io Pros and Cons
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Business Processing Time (firstbase.io EIN)
Firstbase acknowledges the multifaceted nature of the process, involving various state and federal government entities. The initial step of incorporation typically takes between 3 to 7 business days.
It’s essential to note that for Delaware, a particularly popular jurisdiction, processing times may be longer, ranging from 10 to 15 business days due to high volume.
Firstbase actively monitors these timelines and keeps clients informed of any updates received from government entities.
Following incorporation, the preparation of essential documents is the next phase, with an average processing time of 2 to 7 business days.
This step ensures that all necessary paperwork is in order, setting the foundation for subsequent processes. Obtaining an Employer Identification Number (EIN) is a critical step in business formation.
The processing time for this varies based on whether the applicant has a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).
Without an SSN or ITIN, the process may take 20 to 30 business days, while with an SSN or ITIN, it can be expedited to 2 to 3 business days.
Once the EIN is secured, the application for a business bank account follows. This step typically takes between 2 to 10 business days after the application has been submitted to the bank account partner.
The good news is that Firstbase offers expedited services in specific circumstances, mostly dependent on location. For example, in Wyoming, the Certificate of Incorporation/Formation cannot be expedited and typically takes 1 to 2 business days.
In Delaware, Firstbase is currently covering the costs of expedited filing for customers, although some delays may still be experienced.
Firstbase Reviews
Firstbase.io has mostly positive reviews overall from the business community.
On Trustpilot, it’s got a whopping 650+ reviews with an overall 4.8 rating. One user claims they work at “lightning speed” while another gave it a 10/10, stating it to be incredible value for money.
On G2.com, the service has an astounding 5-star rating as well.
Firstbase Alternatives
While exploring business formation and compliance services, you’ll notice that several alternatives to Firstbase.io offer distinct features and value propositions.
Each of these alternatives excels in its unique way, catering to different needs and preferences.
Here’s a List of those alternatives:
- Bizee (formally known as Incfile)
- ZenBusiness
- BetterLegal
- Business Rocket
- Business Anywhere
- MyCompanyWorks
- NorthWest Registered Agent
- Tailor Brands
To learn more about each of them, go ahead and read our article on the Best LLC Formation Services and Agencies in the USA.
FAQs
Yes, you can incorporate a US business with Firstbase from almost anywhere.
To get started, you need to submit three pieces of information, including your registration state.
If you don't have your own US-based address, you need to sign up for Mailroom when incorporating your business with Firstbase.
Yes, Firstbase can offer expedited EIN services to customers. You don't need to be a US resident to get your EIN, and you don't need an SSN or ITIN.
Yes, Firstbase offers 24/7 global customer support.
Summary
When it comes to business registration, you can comfortably work with firstbase.io because we have worked with them and can comfortably recommend them to you.
Are you ready to transform and grow your entrepreneurial dreams into reality? Firstbase is a trusted partner in making it happen.
With transparent pricing, dedicated customer support, and a range of additional services for ongoing success, Firstbase can help turn your vision into a thriving business.
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