LegalZoom.com, Inc. (Nasdaq: LZ) has launched a new application within ChatGPT, offering users attorney-backed guidance for business formation, from initial idea to selecting a business structure and connecting with LegalZoom services.
The app is designed to provide ChatGPT users with educational content and guidance on business formation, leveraging LegalZoom’s library of attorney-approved, up-to-date information. It aims to help users understand their various business formation options and then connect them to appropriate LegalZoom services or independent attorneys when they are prepared to proceed.
Jeff Stibel, Chairman and CEO of LegalZoom, commented on the development. He stated that the app ensures LegalZoom reaches entrepreneurs and small business owners who are increasingly using AI to validate business ideas. Stibel noted that while OpenAI’s platform empowers entrepreneurial concepts, LegalZoom provides the necessary expertise and clarity to transition from idea to action, making legal guidance and accountability more accessible through attorney-backed support.
Within ChatGPT, users can articulate their business formation needs in plain language. The LegalZoom app then assists them in comprehending their options, which includes explaining the distinctions between various business structures such as LLCs, corporations, nonprofits, and sole proprietorships. It can also suggest structures and states that may align with their objectives, presenting this information in an easily understandable format supported by attorney guidance.
Specifically for LLC formations, the LegalZoom app furnishes a state-specific checklist detailing the requirements for creating an LLC, covering aspects like business names, registered agents, necessary filings, and Employer Identification Numbers (EINs). Additionally, it can present LegalZoom’s LLC package options, allowing users to compare features and understand how LegalZoom can manage filings and ongoing compliance tasks on their behalf.
LegalZoom is an established online platform for legal services that facilitates individuals and small businesses in navigating the legal system. The company integrates intuitive technology with access to experienced attorneys, either through its extensive independent attorney network or its proprietary law firm. It provides tools and guidance for various legal needs, including business formation, compliance, intellectual property protection, and ongoing business management and legal support. LegalZoom adopts a human-in-the-loop approach, ensuring that the efficiency of AI is complemented by the judgment and accountability of qualified professionals. With over two decades of experience, LegalZoom has served millions of customers.
