Harvard Business Services Review

    by Benjamin Aronson
Updated August 24, 2021

So, you want to start an LLC or incorporation in Delaware and Harvard Business Services came upon your radar?

Not a bad idea, after all, going at it all by yourself will steal your time away from running your business.

Fortunately, we have a great deal of experience when it comes to forming businesses. We have formed many LLCs and corporations through companies like Harvard Business Services.

Bottom line, if you’re wondering about whether they’re the right fit for your business or not, look no further…

In this Harvard Business Services review, we will help you answer just that question.

Let’s dive right in…

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Harvard Business Services is an online formation company that focuses on forming businesses in Delaware. In addition, to LLC formation, they provide you with a registered agent service.

Even though they only form LLCs and corporations in that particular state, they have managed to form more than 200,000 businesses. Plus, they’ve been doing this for more than 4 decades! So if you are worried about making mistakes… there’s no need. Their experience will ensure that things go as smoothly as possible, so you only have to worry about running your business.

What sets them apart is, without a doubt, their determination to provide support every step of the way. So, no matter how clueless you are when it comes to incorporating a business, you will have someone answering your questions and guiding you through the process.

In addition, they have one of the lowest registered agent fees in the industry ($50 per year). Since this is a recurring expense for as long you run a business, you can save a lot of money in the long run. Money that could go to more vital business needs…

Also, after so many years of experience, Harvard Business Services knows how to form your company fast. Their turn-around time is 3 to 5 business days! This is truly rare among competitors and very important for entrepreneurs who need to get started right away…

Last but not least, they will perform a name search through their database to ensure that the name for your business is available. And the best thing? It will cost you nothing!

Bottom line, if you don’t want to break the bank and need someone to be on your side, Harvard Business Services is for you…

Value to cost

Average

Ease of Use

Easy

Speed

Fast

Customer Care

High

Reputation
Trusted
More services
Many

Harvard Business Services LLC: Pricing

 

Harvard Business Services has 3 packages for you to choose from. The packages differ depending on your needs. The three packages are:

  • Green
  • Basic
  • Standard

In this section, we will help you decide which package is ideal for your business by diving into each one of the offers. We will also share our honest opinion about the value you will be receiving from each filing package.

 

Let’s get into it…

 

Green Package:

 

The most affordable package, Green costs $179 and includes:

 

  • All Delaware Fees Paid

    Every state charges different fees for incorporating. Harvard Business Services includes them in the price of the package, so there will be no surprises.
  • Articles of Organization

    The articles of organization are the first step towards forming your business. They are the document that will outline basic information about it. Delaware (as every state) has its own requirements about what details you need to share with them. Harvard Business Services will prepare and file this document for you with the state.
  • Registered Agent Service for One Year

    A registered agent is a person or entity that will receive important mail for your business. This could be tax notices or subpoenas. Harvard Business Services will assign a registered agent for you in Delaware for one year and then charge you $50 for the service on an annual basis. Though you can cancel at any time, you will absolutely need a registered agent for your business. And compared to most business formation companies, Harvard Business Services offers the service at a very attractive price.
  • Lifetime Customer Support

    After forming your business, you can rest assured that you will have full support from them. Whatever questions you might have or help you might need, you can call them via phone or email during business hours.
  • Digital Copy of Any Filed Documents

    They will also send you a digital copy of your articles of organization, among any other official documents they file for you.

 

Is the Green Package Right For Your Business?

 

If you’re looking to simply form your business without the bells and whistles, this is the ideal package for you. But it’s important to note that this package doesn’t include important templates that will help you run your business effectively. So, unless you don’t want them right now or you’re ready to look for them elsewhere, take a look at the next package…

 

Basic Package:

 

The Basic package costs $229 and has everything that the Green has, plus:

 

  • Document Templates

    They will offer you templates to create your banking resolution, operating agreement, membership certificates, etc. Note that this is not something that is required after forming your business. But it outlines the key responsibilities and rights of the company members, so it can prove useful in the future.
  • Physical Copies of your Filed Documents

    They will also send you any official documents they file for you with their priority mail service. This is also a personal preference and by no means are you required to have the files in a physical form.

 

Is the Basic Package the Right One for your Business?

 

This package is great for those who don’t want to search for templates separately and value physical copies of filed documents.

 

But if the price is an issue for you, it will probably not offer a lot more value to your business.

 

That’s why we strongly advise you to make sure that you really need physical copies of your filed documents and can’t find free templates elsewhere.

 

Standard Package:

 

The Standard package costs $329 and offers everything that the other two provide plus:

 

  • LLC Kit/Seal

    This includes a corporate binder with your company name embossed on it; an operating agreement; an LLC customized seal; a transfer ledger; some sample documents; a meeting minute book; and more. As you can imagine, all these things are not vital for your business. But, again, if you have the money to spare and you really want them, go for it.

 

Is the Standard Package the Right One for your Business?

 

When it comes to the Standard package, it basically comes down to whether you think an LLC kit is something you’d like to have or not. Just like the Basic package, this offers an additional “luxury item”. However, we believe that the price here is too high to justify the value…

 

Harvard Business Services Inc: Pros and Cons

Pros:

 

  • Specialized In Delaware Business Formations

    What is truly amazing about this company is that they only specialize in Delaware business formations. When most competitors promise to form your business in any state you like, that’s rare. And it’s a good indicator that mistakes will be an impossibility and things will go fast and smoothly.
  • Four Decades of Experience

    40 years of business formation experience is a great sign that you’re in the hands of the best.
  • Fast Service

    If you only select to form your business (Green package), the promised turn-around time is only 3-5 business days. Contrast this with so many competitors who usually need weeks to deliver and charge extra for expedited service.
  • Free Registered Agent for One Year

    It’s always a great deal to get a free registered agent service for the first year to get started. It’s one less expense you need to worry about right after forming your business.
  • One of the Cheapest Registered Agent Services

    We honestly haven’t seen such a cheap registered agent service before. Harvard Business Services charge just $50 per year and this will not increase as your company gets older.
  • Cheap Basic Formation Package

    Their Green package which is basically the one you need to form your business is very cheap at $179. It’s true that if you look at most competitors, they have better prices. But most of them hold back too many services for upsells. Harvard Business Services doesn’t.
  • Plenty of Positive Reviews

    There are countless online reviews across many sources about Harvard Business Services. And most of them praise them for the value they offer. More on that in a bit…
  • All Delaware Fees are Included In the Price

    Since they only form companies in the state of Delaware, you don’t have to worry about the usual state fees. What you pay for the package you choose is all you will end up paying to form your business.

 

Cons:

 

  • EIN Isn’t Included In the Packages

 

Your Employer Identification Number (EIN) is perhaps the only vital thing that remains to be taken care of so you can operate your business. This is simply a social security number for it. It allows you to file for taxes, open a business bank account, employ people, etc. Harvard Business Services do offer it but only as an extra service. It costs

 

  • They Only Form In Delaware

    This can be viewed as a disadvantage for someone as well. Even though it’s great that they only focus on a state they’re well familiar with, many people will want to have more options.
  • No Compliance Service

    This is yet another important service that you will need to stay compliant with the state of Delaware. Unfortunately, Harvard Business Services doesn’t offer it at all, so you will need to look for it somewhere else.
  • Not Much Value when It Comes to the More Expensive PackagesThe Green package is an excellent way to get started when forming your business. It’s a different story when it comes to the rest, though. Even when they’re far more expensive, they only offer non-essential luxury items.

 

Harvard Business Services Reviews: What’s the Consensus?

 

Website Average Score
Better Business Bureau (67 reviews) 5 out of 5
Trustpilot (3,320 reviews) 4.9 out of 5
Google (73) 4.4 out of 5
Facebook (85) 3.9 out of 5

 

Most of the Harvard Business Services Reviews have been overwhelmingly positive. Besides the great average score across 4 different platforms, reading the reviews themselves provides even better insight.

 

Most of them talk about how Harvard Business Services go the extra mile to assist you with any questions and guide you through the process. On top of that, many also emphasize how fast that process is with them.

 

In general, it seems that there has been a great deal of customer satisfaction. And when it comes to complaints, Harvard Business Service addresses them immediately.

Harvard Business Services vs LegalZoom

 

Harvard Business Services LegalZoom
Starting Price (Delaware Fees Included) $179 $219
Turnaround Time 3 – 5 Business Days 30 business days
Yearly Registered Agent Service Cost $50/year $299/year
Free Registered Service for a Year TRUE FALSE
Digital Corporate Seal TRUE FALSE
Lifetime Customer Support TRUE TRUE
Financial Account Authorization Letter FALSE TRUE

 

So, how does Harvard Business Services compare to their well-established competitor, LegalZoom?

 

For this comparison, we used the cheapest package from both companies. We also focused on the hypothetical business formation in Delaware for the sake of consistency.

 

As you can see, Harvard Business Services surprisingly manages to both give more value and remain cheap with their most basic offer. They offer a faster turn-around time and the formation cost is $40 cheaper. Plus, the Harvard Business Services registered agent service is one of the cheapest you can find…

 

By the way, if you want to take a deeper dive into LegalZoom or LegalZoom competitors, check out our article.

 

So, it seems like you will get a better deal with Harvard Business Services both while you form your company and afterwards, in the long term…

The Verdict…

 

From one of the lowest registered agent service costs in the industry to how much they care about their customers, Harvard Business Services is the only sensible choice for Delaware business formations.

 

As we already pointed out, however, their upsells don’t bring much further value to the table. So, we recommend you go with their Green package and simply get an EIN for cheaper from somewhere else if you can.

 

Wrapping it up, if you are looking to form your business in Delaware, there is simply no better alternative here. Harvard Business Services is a no-brainer…

 

Thanks for reading and we wish you good luck with forming your business!

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