Doola Reviewed: Business Formation in 5 Minutes? - Nav

Can Doola Really Help Me With My Business Formation in 5 Minutes? 

Tiffany Verbeck's profile

Tiffany Verbeck

Digital Marketing Copywriter, Nav

December 21, 2023|5 min read
This Doola review helps small business owners compare business formation options.

Summary

  • check_circleDoola helps non-U.S. citizen owners of businesses form a U.S. company.
  • check_circleThis one-stop-shop offers comprehensive solutions — from business formation to banking and phone services, while maintaining compliance.
  • check_circleOwners of online businesses (like startups, DAOs, or ecommerce companies) would benefit the most from Doola’s offerings.
  • check_circleCheck out this Doola review to see if it’s the right business formation option for you.

Editorial note: Our top priority is to give you the best financial information for your business. Nav may receive compensation from our partners, but that doesn’t affect our editors’ opinions or recommendations. Our partners cannot pay for favorable reviews. All content is accurate to the best of our knowledge when posted.

Compare business formation services

Form an LLC, corporation, or nonprofit, and get an EIN, business license, or registered agent service. Use Nav to find the right business formation service for your business.

What Business Owners Think About Doola 

Doola is a business formation startup that was founded in 2020 as StartPack, and then rebranded to its current name. Its services are best for entrepreneurs who aren’t U.S. citizens or residents. Non-resident business owners looking to start a U.S. business may benefit from the company formation, bookkeeping, and tax help from Doola. 

Reviews are overall positive for Doola. The company has great Trustpilot reviews (4.6 out of 5 stars at the time of writing) and well-rated customer support services. Doola is backed by powerhouses like Y Combinator and Harvard Management Company, so it’s a legitimate option for anyone who fits the customer base.

What Are the Best Aspects of Doola? 

The most interesting features of Doola include:

  • Doola Formation: You can get business formation and incorporation services for an LLC in any state, a C corp in Delaware or Wyoming, or a DAO LLC in Wyoming. A registered agent service for one year as well as a U.S. mailing address is included. 
  • Doola Books: If you form your business through Doola Formation, you can use Doola’s bookkeeping software. The software mostly helps small business owners manage their invoices, but this feature alone can be worth it for the current price of $60 per year.
  • Doola Taxes: Doola can complete IRS tax filings for independent contractors, freelancers, startups, e-commerce companies, and service vendors. 
  • Doola Account Management: This business service offers a dedicated account manager to help run and grow your business.

Other Doola Resources for Your Business Formation and LLC Needs 

If you choose the Total Compliance package, you’ll get the main features of Doola plus these other perk included:

  • Business mailing address
  • Employer identification number (EIN)
  • Operating agreement
  • State filing every year
  • Dedicated account manager
  • CPA tax consultation
  • IRS federal tax filing

The Total Compliance package costs $300 per month, or $1,999 per year, at the time of writing.

What Are the Alternatives to Doola Business Formation? 

Stripe Atlas

Stripe Atlas is a business formation service from popular payment company Stripe. It allows you to start an LLC or C corp in a few days and open a U.S. bank account. At the time of writing, it costs $500 to set up a business then $100 for the annual administrative fee.

Firstbase

Firstbase is another option for non-resident owners. You can start and manage an LLC or C corp, ensure compliance, and handle all your business requirements online, from anywhere. At the time of writing, it costs $399 to use this business formation service. 

LegalZoom

Great For Legal Advice From Experienced Attorneys

LegalZoom

Get comprehensive business formation options for starting an LLC, corporation, nonprofit, doing business as (DBA), and more. They also offer supplementary services for a new business like registered agent, EIN registration, trademark services, and business compliance coverage.

Cost

Starts at $0 + filing fees

Entity Types Supported

  • LLC
  • Corporation/INC
  • Nonprofit

Noteworthy Perks

  • Hands-on Attorney Consultations
  • Industry Leader in Online Business Formation

ZenBusiness

Great For Worry-Free Services & Support

ZenBusiness

Form a legal entity fast with ZenBusiness. Choose your filing option, then fill out your information and ZenBusiness takes care of the rest. Includes add-on services like registered agent, EIN, annual compliance, and expedited filing. Starting at $0 plus state fees.

Cost

Starts at $0 plus state fees.

Entity Types Supported

  • LLC
  • S-Corp
  • C-Corp

Noteworthy Perks

  • Verified Filing & Expert Support
  • Worry-Free Compliance & 100% Accuracy Guarantee

Swyft Filings

Nav Exclusive: 10% off Standard & Premium packages

Swyft Filings

Create your legal entity with Swyft Filings--FREE and lightning-fast. Our dedicated business specialist handles all filing and paperwork, making it a breeze to form your LLC, C Corp, S Corp, nonprofit, or DBA. Nav Exclusive! $0 for Basic package and 10% off both Standard and Premium packages. Discount applied at Checkout.

Cost

Free + State Filing Fees

Entity Types Supported

  • LLC
  • S-Corp
  • C-Corp
  • Non-Profit
  • DBA

Noteworthy Perks

  • Fast Turnaround Time
  • Free Dedicated Business Specialist
  • 100% Satisfaction Guarantee

Inc Authority

Great For Free & Fast Incorporation Services

Inc Authority

Inc Authority will get your entity set-up quickly, easily and for FREE. Unlike other incorporation companies, Inc Authority does not charge ANY extra fees to simply set-up your business entity. Only pay state fees.

Cost

  • Free*
  • *Plus state fees

Entity Types Supported

  • LLC
  • S-Corp
  • C-Corp
  • Nonprofit

Noteworthy Perks

  • Free LLC, Registered Agent, and EIN/Tax ID
  • Free Business Advisor Support
  • Premium Business Packages

Why Does Business Formation Matter?

It might be tempting to stick with a sole proprietorship if possible, but forming an LLC or corporation helps business owners protect themselves (and grow) in many ways. You’ll get much better liability protection as an LLC or corporation. Also, separating your personal and business finances — and avoiding piercing the corporate veil — can give you better liability protection in case your business defaults or is involved in a lawsuit. Additionally, there are tax advantages, like taking LLC losses against your personal income tax.

Plus, you can more easily build business credit, which can help you qualify for business credit cards or small business loans.

(Learn how to establish business credit here and check out Nav’s guide on how LLCs raise money for more).

Finally, if you’re wondering how to franchise a business, you’ll need to start with becoming a fully formed business.

Can Doola Help Open My LLC Limited Liability Company? 

Doola can help business owners form a U.S. LLC, C corporation, or DAO LLC (a DAO is short for Decentralized Autonomous Organization and is a type of LLC). So if you’re looking for a formation service for your LLC, it’s one of a variety of companies that can help establish your business. 

Along with LLC formation services, Doola has add-on services like bookkeeping software and the Total Compliance package that ensures you’re compliant throughout the lifespan of your business. 

What Is the Doola Fee for Opening an LLC? 

The total cost of opening an LLC equals the Doola fee plus your U.S. state’s filing fee. The annual LLC fee for Doola is $297 at the time of writing. (Some business formation services only charge the state fees, so it’s important to compare options on business formation to see what else is out there before you decide on Doola).

State filing fees vary. For example, if you open a business in Oregon, you’ll pay $50 in filing fees, while you would pay $500 in Massachusetts. 

Business Formation in 5 Minutes with Doola Is Absolutely Possible

Doola makes business formation a lot faster than trying to do it on your own, especially if you’re not a U.S. citizen trying to form a U.S.-based company. It may be possible to form a business in a few minutes with Doola. 

If you fall into the right target market for Doola, the price might be worth it. However, if you’re already a U.S. citizen or resident, one of the alternative business formation services listed above will likely be more cost effective.

Compare business formation services

Form an LLC, corporation, or nonprofit, and get an EIN, business license, or registered agent service. Use Nav to find the right business formation service for your business.

Build your foundation with Nav Prime

Options for new businesses are often limited. The first years focus on building your profile and progressing.

  • Tiffany Verbeck profile photo

    Tiffany Verbeck

    Digital Marketing Copywriter, Nav

    Tiffany Verbeck is a Digital Marketing Copywriter for Nav. She uses the skills she learned from her master’s degree in writing to provide guidance to small businesses trying to navigate the ins-and-outs of financing. Previously, she ran a writing business for three years, and her work has appeared on sites like Business Insider, VaroWorth, and Mission Lane.