Firstbase.io Review 2024,Features,Pricing

Is firstbase.io legit?

some facts to keep in mind before using their service.Based on my research, Firstbase.io is a startup that has raised over $15 million in funding and has helped more than 22,000 founders from over 190 countries to launch their US businesses.. 

 What is Firstbase.oi?

Firstbase.io is a pioneering force in the realm of business solutions, dedicated to redefining how entrepreneurs, business owners, and professionals launch, operate, and expand their enterprises. It simplifies the complexities of incorporating a business, ensuring compliance with legal requirements, and automating administrative tasks.Firstbase.io is a company that values diversity, inclusion, innovation, and customer satisfaction. It has a team of passionate and talented people who work remotely from different parts of the world. It offers a flexible and supportive work environment, where everyone can learn, grow, and have fun. It also organizes regular events and activities to foster a sense of community and collaboration among its employees.It also provides access to banking, payment processing, payroll, accounting, and other services through its partner integrations. Firstbase is a good company for anyone that wants to open a U.S business. Here are some of the benefits of using Firstbase.io are:

•  You can incorporate your company in the US without traveling or hiring a lawyer.

•  You can get a US tax identification number (EIN) and open a US bank account online.

•  You can access the US market and customers, as well as global payment platforms like Stripe and PayPal.

•  You can save time and money by avoiding the hassle of dealing with paperwork and bureaucracy.

•  You can get support from a dedicated team of experts who can answer your questions and guide you through the process.

•  You can access the US market and customers, as well as global payment platforms like Stripe and PayPal.

•  You can get tax consultation and legal advice to protect your assets and interests.

•  You can get over $20,000 worth of software incentives to help grow your new business.

Pricing & plans

Firstbase offers a transparent and flexible pricing structure designed to cater to a wide range of business needs, recognizing that businesses are at various stages of development.

To accommodate this diversity, they offer pricing plans tailored to two main categories:

• Starting Your Business: For entrepreneurs embarking on the path of incorporation, Firstbase provides plans that encompass the essential elements required to establish a legal identity for their venture. These plans focus on incorporation services and foundational requirements.
• Already Incorporated: Businesses that have already completed the incorporation process can access plans designed to support their ongoing needs, including compliance, growth, and operational tools.

Firstbase’s pricing structure is characterized by transparency, ensuring that clients understand the costs associated with their chosen plans from the outset.This transparency extends to the clarification that their 7-Day money-back guarantee does not cover state fees or third-party fees, providing clients with clear expectations.

Here are the major plans and add-ons to know.

Firstbase Start

This plan is the most comprehensive formation pricing tier that Firstbase offers, intended for clients who are looking to start a US-based business (either an LLC or C-Corp) from scratch. 

Price

$399 one-time fee

Features

• Forming the company in Delaware, Wyoming, or 32 other states
• Business bank account opening without EIN (subjected to approval)
• $350k in deals and rewards
• Expedited Tax ID (EIN) setup 
• Lifetime expert support 

Firstbase Agent

This package is catered toward businesses looking for compliance support. 

Price

Light Plan: $99 per year per state

Autopilot Plan: $299 per year per state

Features

• Registered Agent available in all 50 states
• Automated compliance reminders
• Compliance dashboard & document access
• Annual report and franchise tax filings (Autopilot Plan only).

Firstbase Mailroom

This pricing package is dedicated to setting up a physical address for your business along with a virtual mailbox to confirm its authenticity. The Mailroom package is applied by default to the Firstbase Start plan as it’s a legal necessity for incorporating businesses that dont’ have a valid U.S. address.

Price

Basic Plan: $35 per month OR $350 per year

Premium Plan: $50 per month OR $500 per year

Features

• 1 physical business address in a state of your preference
• Unlimited incoming mail, scans, recycling 
• Digitized files in the app and send via paper mail (Premium Plan only)
• Multi-use access (Premium Plan)

Firstbase Payroll

This is a great plan for already incorporated businesses seeking payroll support as part of their growth/ongoing formation. This plan also includes all the Autopilot Plan features of Firstbase Agent. 

Price

$599 per year per state

Features

• Payroll tax registration
• State mail processing and compliance reminders
• Compliance tracking dashboard
• State annual reports and franchise tax filings
• Self-serve tax form tool for Form 5472 & Form 1120
• One-click compliance services
• Get Agent™ or switch to Agent™

Firstbase Loop

This is focused on boosting incorporated firms by giving them access to software tools to help scale their operations. 

Price

Free

Features

• Banking solutions
• Payment processing
• Global payroll & accounting 

Insurance

Are you looking for comprehensive business insurance for your enterprise? Firstbase offers Insurance as an add-on. Though insurance is not required during incorporation, if you’re planning on becoming an Amazon vendor, general liability insurance is a must. 

Price

Starting at $26 per month

Features

• General liability for e-Commerce
• General liability for Startup
• Business Owner’s Policy
• Cyber insurance 

What are the partner integrations of Firstbase.io?

The partner integrations of Firstbase.io are the services and tools that Firstbase.io offers to its customers through its online platform. They are designed to help the customers start and grow their US businesses from anywhere in the world. Some of the partner integrations of Firstbase.io are:

• Banking: Firstbase.io partners with Mercury, a digital bank for startups, to provide its customers with a US bank account online. Customers can also get $100 cash back after depositing $1000 into their Mercury account 

• Payment Processing: Firstbase.io partners with Stripe, PayPal, and Payoneer, to enable its customers to accept payments from customers worldwide. Customers can also get access to Stripe Atlas, PayPal Business, and Payoneer Global Payment Service.

• Payroll: Firstbase.io partners with Gusto, a payroll and benefits platform, to help its customers pay employees and contractors, file taxes, and offer health insurance. Customers can also get a free trial and a $100 Amazon gift card.

• Accounting: Firstbase.io partners with Bench, a bookkeeping service, to help its customers keep track of their finances and prepare tax returns. Customers can also get 20% off their first six months of Bench.

• Legal: Firstbase.io partners with Clerky, a legal software for startups, to help its customers handle legal paperwork such as incorporation documents, founder agreements, stock issuances, and more. Customers can also get a free trial and a $50 credit.

• Tax: Firstbase.io partners with Taxfyle, a tax filing service, to help its customers file their US federal and state taxes. Customers can also get a free consultation and a 15% discount. 

• Insurance: Firstbase.io partners with Vouch, an insurance platform for startups, to help its customers protect their businesses from risks such as cyberattacks, lawsuits, property damage, and more. Customers can also get a free quote and a $250 credit.

These are some of the partner integrations of Firstbase.io that can help you start and grow your US business from anywhere in the world. You can explore more of them on the Firstbase Loop™ page 

How Secure Is Firstbase?

Firstbase.io is a website that takes security very seriously and employs various measures to protect your data and systems. According to its website, some of the security features of Firstbase.io are:

• It holds an AICPA SOC Type II report, which covers a number of security-related control objectives such as secure development management, change management, human resource security, data management, and more 

•  It encrypts all data in transit using SSL/TLLS and at rest using industry-standard AES-256 encryption algorithm 

•  It implements a web application firewall (WAF) to protect its APIs against common web exploits and bots 

• It protects access to client data with two-factor authentication and role-based access control 

• It undergoes regular third-party penetration testing and internal security reviews to ensure the integrity of its application 

Firstbase.io also has a privacy policy that describes how it collects, uses, and shares your personal information and how you can exercise your rights over your data. You can read the full policy on its website.

Can I use Firstbase.io for a non-profit organization?

Yes, you can use Firstbase.io for a non-profit organization. According to its website, Firstbase.io supports both LLC and C-Corporation types of entities, and you can choose the one that suits your non-profit goals. 

However, you should be aware that there are some differences and requirements between a non-profit LLC and a non-profit C-Corp, such as:

•  A non-profit LLC is not a separate legal entity from its members, while a non-profit C-Corp is an independent legal entity from its shareholders 

•  A non-profit LLC cannot apply for tax-exempt status from the IRS, while a non-profit C-Corp can apply for 501(c)(3) status if it meets certain criteria 

•  A non-profit LLC does not have a board of directors or officers, while a non-profit C-Corp must have a board of directors and officers to manage the organization 

•  A non-profit LLC can distribute profits to its members, while a non-profit C-Corp cannot distribute any profits to its shareholders or directors 

Customer Support

With Firstbase, you get customized support based on your needs. Depending on the package or add-ons you choose, the extent of customer support may vary.

This approach ensures that clients receive support that aligns with their specific needs and preferences.

For clients opting for the Firstbase Start package, a notable feature is the assignment of a dedicated representative. This representative is responsible for handling your account and maintaining constant communication throughout the process.

This personalized touch can be invaluable, especially for those navigating the complexities of business incorporation for the first time.

In addition to one-on-one support, Firstbase provides a comprehensive online help center filled with resources and articles. This resource hub serves as a valuable knowledge base, offering insights and guidance on various aspects of business formation and compliance. 

Firstbase goes the extra mile by offering interactive live sessions open to the public. These sessions serve as opportunities for clients to seek advice and clarification on tax-related matters and include: 

The Firstbase Live Q&A, held on Tuesdays at 10 AM EST

and the dedicated Tax Live Q&A session on Thursdays at 10 AM EST 

Clients can also take advantage of a free 10-minute consultation, offering a brief but valuable opportunity to discuss their specific needs and concerns with a knowledgeable advisor.

This service further highlights Firstbase’s commitment to offering accessible and client-centric support.

Firstbase.io Reviews: What Do Users Say?

Firstbase.io are generally positive. The platform is praised for making remote team setup effortless and offering a user-friendly interface with a variety of options tailored to the users' needs. The customer support is described as responsive and helpful, and the delivery process is fast and flawless.The website is deemed legit, safe to use, and not a scam. 

Firstbase.io has received many positive reviews from its customers, who praise its exceptional services, expertise, efficiency, and user-friendly platform. Signup now!!!!