Background
Founded in 1972, Laughlin Associates, Inc. has established itself as a leader in corporate formation and business management services. With over five decades of experience, the company has assisted more than 80,000 businesses in structuring their entities to maximize asset protection and operational efficiency. Their mission is to empower entrepreneurs by providing strategic consulting, accredited training programs, and technical resources, thereby enabling businesses to thrive in a competitive marketplace.
Key Strategic Focus
Laughlin Associates specializes in comprehensive business formation services, including the establishment of LLCs, C-Corporations, and S-Corporations. Their core objectives encompass:
- Entity Formation and Compliance: Ensuring businesses are legally structured to protect personal assets and meet regulatory requirements.
- Corporate Veil Protection: Offering services that maintain the separation between personal and business liabilities, safeguarding owners from potential legal issues.
- Business Credit Development: Assisting clients in building robust business credit profiles independent of personal credit, facilitating access to financing and growth opportunities.
The company primarily targets small to medium-sized enterprises (SMEs) across various industries, providing them with the tools and knowledge necessary for sustainable success.
Financials and Funding
While specific funding details are not publicly disclosed, Laughlin Associates operates as a privately held corporation. Estimates suggest an annual revenue of approximately $15.6 million, with a revenue per employee of $225,900. The company employs around 69 individuals, reflecting a slight decrease in staff count in recent years.
Technological Platform and Innovation
Laughlin Associates differentiates itself through proprietary services and methodologies, including:
- Corporate Veil Protection Service: A unique offering that ensures the legal separation between personal and business assets, providing clients with peace of mind regarding liability issues.
- Business Credit and Financing Solutions: Comprehensive programs designed to establish and enhance business credit profiles without personal guarantees, thereby protecting personal credit scores and unlocking funding opportunities.
These innovative services underscore the company's commitment to delivering tailored solutions that address the specific needs of entrepreneurs and business owners.
Leadership Team
The executive team at Laughlin Associates comprises seasoned professionals dedicated to guiding the company's strategic direction:
- Aaron S. Young, CEO: Oversees the company's overall operations and strategic initiatives.
- Michelle Young, President: Leads the company's daily operations and client relations.
- Brent J. Buscay, Senior Vice President: Manages key business development and operational functions.
- Lee Morgan, CFO: Oversees the company's financial planning and management.
This leadership team brings a wealth of experience and expertise, ensuring the company's continued growth and success.
Competitor Profile
In the business formation and corporate compliance industry, Laughlin Associates faces competition from several key players:
- LegalZoom: Offers online legal services, including business formation, with a focus on accessibility and affordability.
- Incfile: Provides business incorporation services with a streamlined online platform, catering to startups and small businesses.
- Northwest Registered Agent: Specializes in registered agent services and business formation, emphasizing personalized customer support.
The market is characterized by a growing demand for online and cost-effective business formation services, with trends indicating an increasing preference for digital solutions that offer convenience and efficiency.
Strategic Collaborations and Partnerships
In 2011, Laughlin Associates announced a strategic partnership with H&R Block, one of the world's largest tax services providers. This collaboration aimed to introduce H&R Block's online tax applications to the small business market, providing clients with access to tax-related resources and services directly through Laughlin's platform.
Operational Insights
Laughlin Associates distinguishes itself through a combination of personalized client services, comprehensive compliance solutions, and a strong emphasis on education and empowerment. Their commitment to maintaining the corporate veil and building business credit profiles without personal guarantees offers clients a significant competitive advantage in protecting personal assets and accessing funding.
Strategic Opportunities and Future Directions
Looking ahead, Laughlin Associates is poised to expand its digital offerings, enhancing online platforms to provide more accessible and user-friendly services. By leveraging technological advancements and continuing to focus on client education, the company aims to solidify its position as a trusted partner for entrepreneurs seeking comprehensive business formation and compliance solutions.
Contact Information
- Website: laughlinusa.com
- Social Media:
For further inquiries or assistance, clients are encouraged to visit the company's official website or connect through their social media channels.
