[May 01, 2025] |
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LegalZoom Unveils Enhanced Compliance Portfolio to Help Business Owners Stay Legally Protected During Market Uncertainty, Changing Policy Decisions, and Economic Volatility
LegalZoom.com, Inc. (Nasdaq: LZ), a leading online platform for legal services, today announced significant enhancements to its business compliance portfolio, designed to help entrepreneurs concentrate on growing their business while avoiding costly legal penalties and potential closure. LegalZoom's new suite of compliance features keeps businesses protected with attorney-tracked compliance monitoring, compliance status notifications featuring data from the state filing office, and AI-powered business licensing updates.
Given recent macroeconomic volatility, it can be difficult for small businesses to stay in compliance with evolving regulations. A prime example is the changing landscape of Beneficial Ownership Information Reporting (BOIR). While BOIR has been eliminated federally for US citizens, it is still required for foreign nationals and certain states such as New York have introduced their own requirements, with new rules taking effect January 1, 2026. LegalZoom has expanded its compliance portfolio and services to help business owners stay informed during this time of change, uncertainty, and volatility. Serving as a trusted guardian, LegalZoom works to protect businesses from compliance violations, helping them to avoid missed deadlines and unexpected penalties.
"In a landscape of evolving policies and economic instability, our customers require excellence in compliance support so that they can truly focus on what matters most-their business," said Nicole Miller, Chief Legal Officer of LegalZoom. "With LegalZoom, business owners gain a dedicated partner that stays ahead of regulatory changes, backed by real expertise-not guesswork. Our expanded services lift the burden of compliance, giving entrepreneurs peace of mind so they can move forward with confidence."
Entrepreneurs don't want to spend their time navigating complex legal and compliance hurdles. In fact, new data from the U.S. Chamber of Commerce Small Business Index reveals that approximately half of small business owners believe they are spending too much time on regulatory compliance, hindering their gowth. Compounding the problem, 51% say licensing, certification, and permit requirements create additional barriers to expansion, and 47% say that their business spends too much time fulfilling regulatory compliance requirements.
In addition to long-running monitoring features and handling of required filings, compliance subscribers also have access to LegalZoom's expanded compliance portfolio, which includes:
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Compliance Status & Monitoring: Leveraging data obtained from your state filing office, this groundbreaking integration gives business owners status updates of their standing with state agencies directly on LegalZoom's compliance platform, with built-in alerts on any changes. LegalZoom's compliance status badge, monitoring, and notification service is designed to ensure you're always informed of critical changes to your business standing, eliminating compliance guesswork and providing peace of mind, directly from the ultimate authority on your business's compliance-your state, paired with our insights, guidance, and support.
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Attorney-Tracked Updates: LegalZoom proactively monitors compliance requirements and their impact on our customers, keeping abreast of legal and government developments and analyzing their significance. In particular, we track changes to filing requirements, ensuring our customers are informed about the latest in their business compliance and provide them with solutions to staying up to date. This empowers our customers to focus on their core business, secure in the knowledge that we're watching their essential compliance updates.
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AI-Powered Business License Content Change Detection: LegalZoom is leveraging AI enhancements to track ongoing business licensing report requirements across 90,000 jurisdictions, notifying customers when new requirements or modifications to their existing license reports are detected. This helps ensure entrepreneurs remain compliant with the latest licensing rules without the hassle of complex manual tracking at the federal, state, and local government levels.
LegalZoom's expanded compliance offerings reinforce its commitment to providing small businesses with the tools and expertise to thrive in a complex regulatory environment, helping entrepreneurs safeguard their businesses, maintain compliance, and operate with confidence. For more information, visit here.
About LegalZoom
LegalZoom is a leading online platform for legal services, transforming how individuals and small businesses navigate the legal system. By combining intuitive technology with access to experienced attorneys-whether through our vast independent attorney network or the LegalZoom-owned law firm-we offer the tools and guidance people need to confidently manage everything from business formations and compliance to estate planning and ongoing legal support.
With over two decades of experience and millions of customers served, LegalZoom helps individuals and small businesses navigate legal needs with confidence. For more information, visit www.legalzoom.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250501063882/en/
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