Starting a new business can be both exciting and stressful. It pays to work with professionals who have the experience needed to help you choose the right type of business and form it properly.
Block Advisors is one company that aims to lighten the load for entrepreneurs looking to form a business.
We’ve reviewed Block Advisors Business Formation Services below, taking a closer look at its features, plans, and customer experience to help you determine if it could be a good fit for your business.
What Is Block Advisors Business Formation?
Block Advisors, a branch of H&R Block, provides a suite of services for small businesses including business formation, bookkeeping, and payroll services, in addition to its popular tax filing resources.
With Block Advisors, you can get help determining what type of structure is best suited to your new business and let the Block Advisors’ team file your business formation documents for you.
We’ll break down the features and fees associated with Block Advisors’ business formation services below.
Key Features of Block Advisors Business Formation Services
Here are a few of the features of Block Advisors’ business formation services that stood out to us the most:
Savings Calculator
We were impressed with Block Advisors’ S Corp Savings Calculator, which shows you how much you could save on self-employment taxes with an S Corp election.
To determine that number, you simply enter your income, salary (if applicable), and estimated Social Security income withheld to see your estimated tax savings.
It’s a convenient tool that can help you see the financial benefits of setting your business up as an S Corporation firsthand.
Business Structure Quiz
In addition to providing a convenient savings calculator, Block Advisors also has a quick quiz to help you zero in on the best structure for your business.
Based on your answers to the short questionnaire, it recommends a business structure for your venture, breaking down its main benefits and key considerations.
You can also compare alternative business structures here and visit Block Advisors’ resource center for more insights. While it isn’t a substitute for legal advice, the quiz is a great starting point for determining the best structure for your business.
Resource Center
If you’re simply looking to learn more about the different types of business structures, Block Advisors has a wealth of articles in its Small Business Resource Center.
There are dozens of guides spanning a range of topics on everything from business formation to small business grants and home office deductions.
There are also guides to forming a small business in various states, which can be helpful since different states have unique business filing requirements and fees.
Business Formation Filing
Most importantly, Block Advisors’ account managers use their expertise to help you legally form your business.
Once you register for an account, Block Advisors will prepare all your documents and file them with your state, with turnaround times as quick as one day for express orders.
Some additional features that are included in a basic account include:
- Articles of organization
- EIN application
- Operation agreement preparation
- Organizational minutes preparation
Fees
How much you pay for Block Advisors’ business formation services depends on the level of service you choose and where you’re forming your business, with some states charging more than others.
According to Block Advisors, its entity formation services usually start at $149 for a Standard Plan, plus your state’s filing fees. You can also opt into a Premium Plan for up to $299.
There are several optional add-ons as well, including S Corp election, initial reports, and publications, which can change the cost of service.
Get $25 Off Business Formation – Online or In-Person at H&R Block!*
Getting Started
You can get started with Block Advisors by following the prompt to Start Now on its website.
To begin, you’ll need to provide a few key details, like your business name, type of business structure, and the state where you’d like to form your business.
Next, you’ll provide your name, email address, and phone number. Then, you’ll choose between a Standard and Premium plan, with a breakdown of what each one offers.
From there, you’ll provide some more details about your business, including how you’d like it to be taxed. You’ll also have the option to add on a few services before being prompted to check out. The entire process can be completed online in a few minutes.
Block Advisors Customer Service
Overall, we found that Block Advisors offers a solid customer experience. As a relatively new business, Block Advisors doesn’t have a ton of reviews on third-party platforms like the BBB and Trustpilot.
However, we’re impressed with the company’s accessibility and satisfaction guarantee. You can contact customer support via phone, or by stepping into one of H&R Block’s thousands of offices nationwide.
By opting into a Block Advisors plan, you can rest assured that your documents are being filed accurately. The company offers a 100% satisfaction guarantee and will work with you to reach a solution if you aren’t satisfied with the business formation services you paid for. Additional terms may apply. You can read more in the Terms and Conditions here.
Pros and Cons
Here are a few of the biggest advantages and disadvantages of Block Advisors you should consider.
Pros
- Excellent filing services: Block Advisors lightens your load by preparing and filing all the necessary business formation documents quickly and accurately, so you can be confident that your business is in good hands.
- Comprehensive tools: Block Advisors offers a suite of useful tools to help you see potential tax savings and determine the best structure for your business.
- Extensive resources: The Small Business Resource Center is packed with articles that provide valuable insights into not only structuring your business but setting it up to thrive.
Cons
- Variable costs: The cost of services can vary significantly based on the state where you live and any additional features you choose.
- Limited legal advice: While its library of resources and tailored recommendations are helpful, they aren’t substitutes for professional legal advice, which could be wise to seek out for more complex business decisions.
Bottom Line
Forming a business involves more than just filling out forms. Block Advisors provides professional guidance to ensure you’re compliant every step of the way and set up for success.
All in all, we found that Block Advisors is a solid choice if you’re looking for a reputable company to handle the tough stuff so you can focus on building your business.
*Discount may not be combined with any other offer or promotion. Available virtually and at participating locations. Void if transferred and where prohibited. Discount will appear in your cart automatically when you use the link. No cash value.