Like many online incorporation sites, Godaddy asks some basic questions, and then files the necessary paperwork on behalf of the applicant and send the the filed incorporation documents to the applicant within a few weeks.
Bob Parsons, Go Daddy CEO and founder. “Go Daddy wanted to help make the whole incorporation process affordable and painless, which is why we’re offering Incorporation Services.”
“”When the incorporation services is combined with Go Daddy’s domain name registration services, WebSite Tonight and Quick Shopping Cart, customers can launch a legitimate business without having to hire a lawyer””
Incorporation Services is offered in two levels. The Economy plan is $99, plus state fees, and includes everything that is needed to incorporate a business.
The Deluxe plan is $279, plus state fees, and includes a Federal Employer Identification Number, an additional six Months of Registered Agent Service, and expedited shipping.
This seems like a natural product for Godaddy to offer.
One of the biggest knocks I have on the online registration services is that there is not enough emphasis placed on discussion of the Sub S election for small business that can save a huge amount of taxes.
Even the deluxe package doesn’t provide the applicantant a subchapter S election form along with the paperwork. A subchapter S election must be filed within 75 days of incorporation or be subject to taxation for that year as a regular “C” corporation costing thousands or hundreds of thousand of extra taxes.