What is a fair profit margin for a business to do nothing? If your simplefilings.com it's as much as 300%.
The site provides a "service" and charges you a fee. What you need to know before hand is that this site is NOT affiliated with any STATE or FEDERAL entity. I thought "simple filings" was some online feature of the IRS. As is turns out, simplefilings.com is just another sleazy business trying to take advantage of unsuspecting consumers. They may clear a 300% profit for something you can easily do yourself.
I was charged nearly $200 for a service (obtaining a tax ID) that is provide by the IRS at irs. Gov for FREE.
In Tennessee the cost to incorporate your business is $100.00 and is done with a 1 page document that requires nothing more than your name and address. Simple Filings offers to do this for $418.00
I made a mistake as a consumer by not paying better attention to who I was doing business with. Don't make the same mistake I did and avoid being ripped off by simplefilings.com.
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