BetterLegal Overview
BetterLegal is a cloud-based software designed to simplify and streamline the process of forming and managing businesses. Founded in 2016 in Austin, Texas, BetterLegal aims to make the complex tasks of setting up and maintaining a business more accessible and efficient for entrepreneurs.
Key Features and Functionality
Business Formation and Registration
BetterLegal specializes in rapid and easy business formation services, including LLC formation, incorporation, and domestication of existing LLCs. The platform offers a straightforward process that allows users to start the company formation process in less than ten minutes. It provides essential templates for legal documents such as articles of incorporation, operating agreements, bylaws, and shareholder agreements, available in 15 different languages.Registered Agent Services
The platform includes a registered agent service that can file documents in less than 5 minutes, ensuring quick and efficient processing of filings. This service also handles compliance services, including the filing of annual reports and other state filings.Compliance and Filing Services
BetterLegal offers comprehensive compliance services, including business license and permit searches, amendment filings (e.g., changing business names, addresses, or member information), and generating certificates of good standing. These services help businesses maintain up-to-date profiles and ensure state compliance.Contract Analysis
BetterLegal features an AI-powered Contract Analysis tool that helps users understand complex legal documents. This tool translates dense legal jargon into simple, everyday language, providing clear explanations and uncovering potential scenarios that may need attention. This feature empowers business owners to navigate contracts and other legal documents with confidence.Additional Services
Beyond basic formation services, BetterLegal offers a range of additional features, including:- Virtual Tax Services: Partnerships with third-party providers to offer state compliance, HR platform services, and other business necessities.
- Business Banking: Assistance in setting up business bank accounts, including banking resolutions.
- Insurance Evaluation: Evaluations of business insurance needs through partners like CHUBB Insurance.
- Website Setup: Basic website setup with domain registration and optional upgrades to paid plans.