As a small business owner, you want to find the best monthly legal service for your companies legal needs. Affordable legal services such as business formations of LLC, corporation or DBA plus business forms for sales contracts and office lease reviews are included in prepaid legal plans.
This is another installment of the series comparing LegalZoom, my recommended service, to other options online for legal services. This review and comparison are focused on the legal needs of small businesses. LegalShield legal plans compared to LegalZoom Business Advisory Plan for small businesses.
Read my complete review of LegalZoom and get a promo code to save 10% – BEST4B19 on all legal services
LegalShield Company Description
LegalShield is primarily a company that sells prepaid legal plans for individuals. They focus on consumers who want to have monthly legal protection for document preparation, auto coverage, family law, IRS support, legal letters, and phones calls.
They have expanded their offerings to include the legal needs of small business. They service those starting a business, commercial drivers, HR employment law, finance, and insurance brokers.
Their legal plans cover legal services including; general consultation, telephone meetings, discuss taxes, patents, contract preparation, document review, debt collection assistance, and legal letters executed on your behalf.
LegalShield Compared to LegalZoom
LegalShield is an attorney consultation service for which you pay monthly. Whereas LegalZoom provides an extensive selection of legal services from personal, family and business law.
At LegalZoom, you can purchase only what you need at any time and not be burdened by monthly fees. Also for business services, LegalZoom is the sure winner based on their experience of setting up thousands of businesses in LLC, INC, and DBA.
>>LegalShield is Best for small companies that want to have a lawyer to call with legal questions and for help with sending collection letters. They are not recommended for legal issues such as INC, LLC, DBA, patent, copyright, or trademark law.
>>LegalZoom is Best for entrepreneurs who want to start a business and incorporate, set up an LLC or file for a DBA. It is recommended for intellectual property protection such as patents, copyrights, and trademarks. Additionally, they offer services business owners need such as will preparation, power of attorney and living trusts. Also now LegalZoom is offering monthly legal plans specifically for small business – read my review here
Differences Between LegalZoom and LegalShield and Rocket Lawyer
Each of these legal service companies offers help for legal issues in different ways:
LegalZoom – Full Range of Services, both Personal and Business
They provide an extensive number of services from LLC formation, starting a business license, patent applications, trademarks, copyright, wills, living trusts, and even divorces! Their USP (unique selling proposition) is as a one-stop site for all your legal needs both for our family and company.
LegalShield – Monthly Program of Legal Services
This firm sells a set of legal services packaged in a monthly subscription business model. There are different packages available for personal, and various sizes of small business.
Rocket Lawyer – Legal Documentation
Rocket Lawyer, in the US and UK, sells pre-done legal documents for a large selection of family and business needs. Their large library of legal forms includes power of attorney, starting a business, incorporation, LLC, registered agent, debt collection, employers, and bankruptcy.
What to Expect From Online Legal Site
All good online legal services, such as my recommendation LegalZoom, will walk you through step by step the process of resolving your legal matters with their team of professional lawyers online.
If for example, you want to start a business and need to form an LLC to protect your personal assets from business debts and lawsuits, the site will tell you the what information you need to complete the required documents. Then they will complete all the paperwork, correctly and quickly, and file it with the required office at your State’s government business office. Along the way, you will be advised about the ramifications of certain decisions such as the accounting method and members.
Conclusion
For businesses that want to incorporate and protect their intellectual property, LegalZoom is the best choice. Smaller firms that want to have a lawyer to call and help collect bad debt LegalShield is a good choice.
Read my complete review of LegalZoom and get a promo code to save 10% on all legal services
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Read about all the best alternatives to Legalzoom for your business legal needs here in my article