Rho Launches Integrated Business Incorporation and Banking Service
Fintech company Rho has introduced 'Rho Incorporation,' a new service that allows entrepreneurs to form either a Delaware C corporation or an LLC in any of the 50 U.S. states directly through its platform. The service is designed to streamline the startup process by allowing users to apply for a Rho business account simultaneously with their legal formation, rather than waiting for an Employer Identification Number (EIN) to be issued. The Delaware C corp option is priced at $400 and includes attorney-reviewed documents and first-year registered agent services, targeting venture-backed founders. The LLC option costs $349 all-in and is aimed at freelancers and small businesses. By parallelizing the incorporation and banking application processes, Rho aims to reduce the administrative friction typically associated with launching a new company.
Topics: banking services business formation company incorporation fintech