In a world where launching your own business is easier than ever, the demand for online business formation services continues to grow. From solo entrepreneurs to startups scaling quickly, having the right support to form a legal entity is critical. One company that often comes up in this space is Harvard Business Services. But is it truly legit? In this article, we take a comprehensive look at the company, its services, customer experiences, and how it compares to competitors.
Understanding Harvard Business Services
Harvard Business Services, Inc. is a Delaware-based incorporation service provider founded in 1981. With more than four decades of experience, the company specializes in helping entrepreneurs and companies incorporate in Delaware, which is widely considered the most business-friendly state in the U.S. Thanks to its favorable tax laws and strong legal system, Delaware is home to more than 65% of Fortune 500 companies.
Unlike some of the big-name competitors that operate across all 50 states, Harvard Business Services focuses almost exclusively on Delaware. This niche approach allows them to offer highly specialized knowledge and streamlined processes for clients wanting to leverage Delaware’s corporate laws.
What Services Do They Offer?
Incorporation and LLC Formation
Harvard Business Services assists clients with forming a Delaware LLC or corporation. The company offers three primary packages: Green, Basic, and Standard, all including essentials like name availability checks, document preparation, and filing with the Delaware Division of Corporations.
Registered Agent Services
One of their standout offerings is their registered agent service, which costs just $50 per year for the life of your company—a price that has not changed in decades. This is significantly cheaper than many competitors, making it an attractive option for budget-conscious startups.
Franchise Tax and Annual Report Compliance
Delaware entities must file annual reports and pay franchise taxes. Harvard Business Services makes this easy by sending reminders, offering online payment portals, and even filing reports on your behalf.
Mail Forwarding and Virtual Office Services
For international or out-of-state clients, the company provides mail forwarding and virtual office services. This adds credibility to your business presence while ensuring you don’t miss any critical documents.
EIN (Employer Identification Number) Assistance
For a nominal fee, Harvard Business Services can also obtain an EIN from the IRS on your behalf. This is essential for opening bank accounts, hiring employees, and filing taxes.
Is Harvard Business Services Legit?
This is the question most potential clients ask before choosing a service provider. Based on customer reviews, industry standing, and transparency, the answer is a strong yes.
Reputation and Trustworthiness
Harvard Business Services has earned thousands of positive reviews across platforms like Trustpilot, Google Reviews, and Better Business Bureau (BBB). They hold an A+ rating with the BBB and have been accredited since 1992.
Transparent Pricing
Unlike many competitors who hide fees behind checkout walls, Harvard Business Services lists all of their pricing transparently on their website. There are no hidden fees or upsells, which adds to their legitimacy.
Longevity in the Market
A company that has been around for over 40 years likely knows what it’s doing. Harvard Business Services’ longevity in the market is a testament to the value they provide and the trust they’ve built.
Customer Support
Customer service is available via phone, email, and live chat. According to many user reviews, responses are fast and knowledgeable—an essential feature for entrepreneurs navigating the complex world of incorporation.
Harvard Business Services vs Competitors
Harvard Business Services vs LegalZoom
LegalZoom is a giant in the incorporation industry, but its fees are notably higher. Their registered agent services can cost $299 per year compared to HBS’s $50. Moreover, LegalZoom doesn’t specialize in Delaware, which might be a disadvantage if that’s your preferred state.
Harvard Business Services vs Incfile
Incfile offers free business formation (excluding state fees), but their registered agent is free only for the first year. After that, they charge about $119 per year. Harvard Business Services beats this by offering $50 for life, making it a better long-term option.
Harvard Business Services vs Northwest Registered Agent
Northwest Registered Agent is known for customer support and privacy but comes with a higher price tag. If you’re focused solely on Delaware and want to save on registered agent fees, Harvard Business Services may offer better value.
Pros and Cons of Harvard Business Services
Pros:
- Delaware Expertise: Highly specialized in Delaware formations.
- Affordable Registered Agent: Just $50/year for life.
- Excellent Customer Reviews: A+ BBB rating and strong Trustpilot reviews.
- No Hidden Fees: Transparent pricing throughout.
- Longstanding Reputation: 40+ years in the industry.
Cons:
- Delaware Only: Not suitable if you want to incorporate in another state.
- Limited Add-Ons: Fewer business add-ons than larger providers like LegalZoom.
- Less Brand Recognition: Not as widely known as some national competitors.
Who Should Use Harvard Business Services?
If you’re planning to form a business in Delaware and want a cost-effective, transparent service provider, Harvard Business Services is an excellent choice. It’s particularly ideal for:
- International entrepreneurs seeking U.S. incorporation
- Small business owners looking for affordable registered agent services
- Delaware-focused businesses
- Startups wanting a hassle-free formation process
Real Customer Experiences
Many customers share positive stories about their experience with Harvard Business Services. From fast processing times to helpful customer service, the feedback is overwhelmingly supportive. Clients often highlight the simplicity of the process, easy-to-use dashboard, and unmatched value in registered agent services.
Some have even noted that they were able to form an LLC and get their EIN within 24 hours, something not often possible with other providers.
Final Verdict: Is Harvard Business Services Worth It?
Yes, Harvard Business Services is not only legit but also one of the best options for forming a Delaware business entity. Their decades of experience, unbeatable registered agent pricing, and customer-first approach set them apart from competitors.
While they may not be suitable for those incorporating outside of Delaware, they’re a top-tier choice for anyone who wants to take advantage of the state’s business-friendly regulations.
Frequently Asked Questions
Is Harvard Business Services only for Delaware businesses?
Yes, they specialize exclusively in forming Delaware LLCs and corporations.
How much does Harvard Business Services charge for registered agent services?
They charge a flat $50 per year—a fee that has remained unchanged for decades.
Are there any hidden fees?
No. Harvard Business Services is known for its transparent pricing with no upsells or hidden charges.
How long does it take to form an LLC with Harvard Business Services?
In many cases, businesses are formed within 24 hours of submission.
Is customer support easy to reach?
Yes. They offer support via phone, email, and live chat, with many users praising their quick response times.
