What Parasec does

Parasec is a Sacramento, California-headquartered, 100% employee-owned provider of registered agent and corporate compliance services, operating nationwide since launching its commercial registered agent line in 1987 (with company roots in document services dating to 1977). The company serves hundreds of thousands of business entities across the United States, with primary customer segments comprising attorneys and paralegals, CPAs and accounting firms, corporate compliance officers, and individual business owners. Its core revenue stream is annual recurring fees from registered agent representation, complemented by transaction-based document retrieval, entity formation, UCC search and filing (including the UCC eZFILE electronic system), managed annual report services (MARS), and adjacent offerings such as Independent Director Services, Texas Tax Services, Business License Services, BOI report preparation, and international document services (apostilles, translations, Hague Convention processing).

The technology backbone is the ParacorpPlus™ web portal, which provides 24-hour self-serve access to entity records, service-of-process history, compliance deadlines, invoices, and document uploads, augmented by real-time alerts when legal or tax documents are received. Operations run on a two-phase quality control process and emphasize long-tenured, in-house staff handling sensitive filings; the company has no disclosed APIs, SDKs, mobile applications, or AI/ML capabilities. Distribution combines the self-serve ParacorpPlus™ portal with enterprise-style direct sales, personalized web demonstrations, and referral-driven acquisition through legal and accounting professionals, supported by content marketing via The Alert quarterly newsletter and the Parasec blog.

Commercially, Parasec monetizes through subscription recurring revenue (registered agent, MARS), one-time fees (entity formation, corporate/LLC kits), and transactional fees (document retrieval, UCC, court filings, BOI, IP services). Pricing is quote-based rather than publicly disclosed, with company guidance indicating professional registered agent services typically do not exceed $200 per entity per state per year. The company is privately held with no external investors, no parent company, no subsidiaries, no M&A history, and no disclosed funding activity, consistent with its employee-owned operating model.

Name

Parasec

Legal name

Parasec

Website

https://parasec.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Short description

Parasec is a Sacramento-based, 100% employee-owned provider of registered agent and corporate compliance services, serving hundreds of thousands of business entities nationwide since 1987 through its ParacorpPlus™ online entity management platform.

Ownership category

akta.pro rank

Product category

Corporate Compliance & Registered Agent Services

SIC

Services-Legal Services (8111)

akta.pro primary industry

Content Governance, Compliance, Retention & eDiscovery (HDAEAGAJ)

Keywords

• Registered agent services
• Entity formation services
• Corporate compliance management
• Document retrieval services
• Ucc filing services

Headquarters

HQ city

Sacramento

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Registered Agent Services: Annual recurring fees for commercial registered agent services including service of process acceptance, compliance monitoring, document forwarding, and annual entity reviews. The primary revenue stream since 1987, serving hundreds of thousands of entities nationwide.
2. Entity Formation Services: One-time fees for business formation including incorporation, LLC formation, and corporate kit services.
3. Document Retrieval Services: Fees for retrieving documents filed at city, county, state, or federal levels.
4. UCC Services: UCC search, filing services, and ezFILE services for lien and litigation support.
5. Managed Annual Report Services (MARS): Annual compliance management services for entity annual report filings.
6. Intellectual Property Services: IP registration, apostilles, legalizations, translations, and international document services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Parasec provides commercial registered agent services, entity formation (incorporation and LLC setup), document retrieval from city/county/state/federal agencies, UCC search and filing, and managed annual report compliance services. Supporting offerings include independent director services, beneficial ownership information (BOI) reporting, dissolutions, business license services, Texas tax services, and international document services such as apostilles, legalizations, and translations. The proprietary ParacorpPlus™ online portal is the central technology interface through which clients manage entities, view documents, and receive real-time alerts.

Product overview

Parasec is a single-service legal compliance company offering a comprehensive suite of entity formation and registered agent services. The core offering is Registered Agent Services, supplemented by Document Retrieval Services, Entity Formation Services, and UCC Filing Services. Additional modules include compliance tools (MARS for annual reports, BOI reporting), specialized services (independent directors, Texas tax), international services (apostilles, translations), and operational support (business licenses, corporate kits). The ParacorpPlus online portal provides the primary technology interface for managing entities, viewing documents, and accessing account information. The company operates as an employee-owned organization providing nationwide services since 1987.

Differentiator

Problem solved

Functional benefit

Products and services

• Registered Agent Services Commercial registered agent services that accept service of process and official state mail on behalf of business entities, ensuring compliance with state requirements since 1987. Used by law firms, CPAs, and corporate compliance teams nationwide.
• Document Retrieval Services Retrieval of documents filed at city, county, state, or federal levels for businesses needing copies of official records.
• Entity Formation Services Assistance with forming new companies, including incorporation and LLC formation, with nationwide coverage and corporate kit options.
• UCC Search & Filing Services Uniform Commercial Code search and filing services for secured transactions and liens, supporting legal and lending professionals.
• UCC eZFILE Electronic Filing Electronic filing system for UCC documents providing a streamlined submission process for filers.
• Managed Annual Report Services (MARS) Managed services for annual report filings to maintain entity good standing with state requirements, offered on a recurring basis.
• Online Entity Management (ParacorpPlus™) Web-based portal providing 24-hour access to entity information, SOP history, deadlines, invoices, document uploads, search, and export capabilities for client entities.
• Independent Director Services Provision of independent directors for entities requiring board representation, with customized competitive pricing.
• Beneficial Ownership Information (BOI) Reports Preparation and filing of beneficial ownership information reports as required by FinCEN for reporting companies.
• Dissolutions & Withdrawals Services for dissolving business entities or withdrawing from states where they are registered.
• Texas Tax Services Tax-related services specific to Texas business entities, including state tax compliance support.
• Business License Services Assistance with obtaining and maintaining business licenses across various jurisdictions for client entities.
• Real Property Services Services related to real property records, filings, and research for legal and lending professionals.
• Court Research, Retrievals & Filings Litigation support services including court document research, retrieval, and filing for legal professionals.
• County Recording & Retrieval Services Document recording and retrieval services at the county level for legal, lending, and compliance customers.
• Intellectual Property Services Services related to intellectual property, including trademark and copyright support for businesses.
• Apostilles & Legalizations Authentication and legalization of documents for international use, including Hague Convention processing.
• Translations & Interpretations Document translation and interpretation services for international business and legal needs.
• Corporate & LLC Kits Physical kits containing corporate documents, bylaws, and organizational materials for newly formed businesses.

Quantifiable outcome

• Hundreds of thousands of entities served nationwide since 1987
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Emerging players

• Incfile (now Bizee): Online incorporation and registered agent provider with a digital-first model targeting entrepreneurs and SMBs, overlapping with Parasec's entrepreneur/business owner segment.
• Swyft Filings: Online business formation and registered agent services company targeting SMB customers with a low-cost digital offering, comparable to Parasec's entity formation and RA service lines.
• LegalZoom: Large online legal services platform offering registered agent as a complementary service alongside incorporation and compliance offerings. Comparable to Parasec in registered agent and entity formation but at significantly larger scale and with stronger consumer brand recognition.

Broad incumbents

• CT Corporation (Wolters Kluwer): One of the largest and longest-established registered agent and corporate compliance providers in the US, owned by Wolters Kluwer. Directly comparable to Parasec as a registered agent, UCC, and entity compliance service to legal and corporate customers, but at materially greater scale.
• Corporation Service Company (CSC): Global leader in registered agent, entity management, UCC, and corporate compliance services. Closest direct competitor to Parasec in serving law firms and corporate legal departments with nationwide RA and compliance offerings.

Direct peers

• Registered Agents Inc. Direct registered agent competitor offering nationwide RA services with a self-service online model, competing for the same SMB and legal customer base as Parasec.
• Cogency Global: Direct registered agent and corporate compliance competitor serving law firms, CPAs, and corporations nationwide with comparable entity management, UCC, and annual report services.
• InCorp Services: National registered agent and entity formation services company offering comparable RA, incorporation, and compliance services to legal and SMB customers.
• Harbor Compliance: Registered agent and business license compliance provider targeting nonprofit, higher education, and regulated entity customers. Closely comparable service portfolio to Parasec's RA, business license, and entity management offerings.
• Northwest Registered Agent: Direct competitor in commercial registered agent services with a digitally native go-to-market and aggressive pricing. Targets the same legal, accounting, and SMB customer base as Parasec and represents the primary digitally native competitive threat.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parasec