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I became aware from a client that Legal Zoom prepares taxes. I didn't know that! And he said Intuit owns Legal Zoom. (That seems to be true from a press release I found form 2021. I wonder what is driving strategy with that relationship; maybe referral fees only?)
Client told me LZ refused to prepare his S Corp taxes when they saw two personal expenses for trips to Mexico in his corporate QBO books. Something about foreign business limitations. It was April 13, 2024, and they had not informed him.
I'm going to stop referring legal work to Legal Zoom.
What do your local attorneys charge for S Corporation formation, registration, etc.?
Be Well.
GLENDALE, Calif., Nov. 04, 2021 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (NASDAQ: LZ), a leading online platform for legal, compliance and tax solutions, has developed a curated, robust partner ecosystem of complementary, best-in-class services that provide small businesses with the right tools and services to manage and grow their business.
Research conducted by LegalZoom shows that at the time of formation, among many vital services, 91% of new small businesses do not have payroll; 85% need payment processing solution; and 85% need a business banking account. As a trusted advocate for its customers, the LegalZoom partner ecosystem makes it easier for small business owners to select the right services for their particular needs at the appropriate time. Recent small business service providers that have partnered with LegalZoom on this initiative include Brex, Intuit QuickBooks and Square.
