Formations (US fintech, formerly Formations.com S-corp platform) review

Plans run $219 and the formation package runs $500. The state fee is not included in the package price, so neither figure is the full cost of starting a company. There is no free plan to try first.

No. The state fee is not included, so $500 covers the package itself and the state's own charge is added on top. That matches most of this market, where the state fee usually sits outside the advertised package price.

Yes, payroll is part of the subscription rather than a separate add-on (included). Most comparable services either bundle payroll as well or leave it out altogether, so this is a genuine point in its favour at the upper end of the price range.

It is based in the United States and covers US only. That makes it a single market service, so anyone wanting to form a company in another jurisdiction will need a different provider entirely.

Its stated audience is small business, listed as small business. Most services in this category target the same group, so the differentiator is the bundle rather than the audience: formation, accounting and payroll under one subscription.

There is no free plan. The entry point is a paid subscription at $219, so trying the product means paying up front. Free plans are common across this category, which makes the missing free tier a real gap for cautious buyers.

It was founded in 2019 and is headquartered in the United States. That is a young operation next to longer established providers, though for small buyers the bundle of accounting and payroll matters more than company age.

myGreekTax packages run €69 and ANNA Money packages run £19, while the Formations package runs $500. The gap is wide, so Formations only makes sense if the bundled accounting and payroll matter more to you than the entry price.