Hidden Fees for Online Corporate Filing Services

I formed a company in Indiana last year using a big name corporate filing service.

I just got the annual billing for registered agent service – $225!!!

A registered agent is someone in the state of formation with a physical address that can be served in a lawsuit against the company.  If you live in the state of formation, it can be you, and you don’t need to pay a registered agent.  If you don’t have an office address and would prefer keeping your home address private, then a registered agent service like www.registeredagents.com charges $59/year.

The lesson is, watch what recurring billing you are agreeing to when you sign up for a “cheap” incorporation service online.