Legalzoom (NASDAQ:LZ) has announced a multi-year strategic partnership with 1-800accountant, a national financial services firm, to offer customers access to year-round, full-service bookkeeping and tax solutions. The partnership aims to address small business owners' need for tax preparation support, which was highlighted as a key motivation for forming their businesses in a recent Legalzoom customer survey.
The collaboration is expected to enhance Legalzoom's ecosystem of products and services that support small business owners' legal, compliance, and business management requirements. The product offering, featuring 1-800accountant's expert-led bookkeeping and tax services, is set to launch for Legalzoom customers by January 2025.
1-800accountant specializes in providing financial expertise to small businesses across all industries, offering full-service bookkeeping and tax solutions powered by a mix of expert CPAs and technology. This approach aims to provide a streamlined experience for business owners, helping them minimize tax management, maximize annual tax savings, and focus on growing their business.
The press release also quotes Jeff Stibel, Chairman and Chief Executive Officer of Legalzoom, emphasizing the dedication to support entrepreneurs at every stage of their journey and the value added to customers through the integration of 1-800accountant's tax services into their ecosystem.
Additionally, the agreement outlines minimum lead requirements and corresponding minimum annual revenue over the multi-year term, indicating a commitment to measurable outcomes from the partnership.
Today the company's shares have moved 0.9% to a price of $8.14. Check out the company's full 8-K submission here.
