Legalzoom.com, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Legalzoom.com, Inc. has submitted its annual 10-K filing for the fiscal year ending December 31, 2023.</b>

AI Summary

LEGALZOOM.COM, INC. (LZ) filed a Annual Report (10-K) with the SEC on February 29, 2024. Legalzoom.com, Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business address is 101 N. Brand Blvd., Suite 1100, Glendale, CA 91203. The company's IRS number is 954752856. The filing was made on February 29, 2024.

Why It Matters

For investors and stakeholders tracking LEGALZOOM.COM, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Legalzoom.com, Inc.'s financial performance and business operations for the fiscal year 2023, which is crucial for investors to assess the company's health and future prospects. The detailed financial data and risk factors disclosed in this report are essential for stakeholders to make informed investment decisions and understand potential challenges the company faces.

Risk Assessment

Risk Level: medium — LEGALZOOM.COM, INC. shows moderate risk based on this filing. The company's risk is medium due to the inherent nature of the legal services and technology sector, which can be subject to regulatory changes, competitive pressures, and evolving customer needs, as detailed in the full 10-K filing.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Legalzoom's performance and strategic positioning.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-02-29 — Filing Date (Filed as of Date)
• 2023-01-01 — Reporting Period Start Date (2023 Fiscal Year)
• 2022-12-31 — Prior Year End Date (Comparison period)

Key Players & Entities

• LEGALZOOM.COM, INC. (company) — Filer name
• 0001286139 (company) — Central Index Key
• 7374 (company) — Standard Industrial Classification
• 101 N. BRAND BLVD., SUITE 1100 (company) — Business Address
• GLENDALE (company) — Business Address City
• CA (company) — Business Address State
• 91203 (company) — Business Address Zip
• 323-962-8600 (company) — Business Phone

FAQ

Industry Context

Legalzoom.com, Inc. operates in the legal services and technology sector, providing online legal solutions and services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Review the full 10-K document for detailed financial statements and management discussion.
2. Analyze the risk factors section to understand potential challenges and uncertainties.
3. Compare key financial metrics with previous periods to identify trends.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-02-29: Filing Date — Date the 10-K report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year ending December 31, 2023, as indicated by the available data.

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share LZ The Nasdaq Global Select M
• $12.08 — 30, 2023, based on the closing price of $12.08 for shares of the Registrant's common s

Filing Documents

• lz-20231231.htm (10-K) — 2163KB
• ex211lz-2023123110xk.htm (EX-21.1) — 2KB
• ex231consent.htm (EX-23.1) — 2KB
• ex-311lzx2023123110xk.htm (EX-31.1) — 10KB
• ex-312lzx2023123110xk.htm (EX-31.2) — 10KB
• ex-321lzx2023123110xk.htm (EX-32.1) — 7KB
• ex-971lzx2023123110xk.htm (EX-97.1) — 24KB
• lz-20231231_g1.jpg (GRAPHIC) — 116KB
• 0001286139-24-000031.txt (&nbsp;) — 12293KB
• lz-20231231.xsd (EX-101.SCH) — 91KB
• lz-20231231_cal.xml (EX-101.CAL) — 161KB
• lz-20231231_def.xml (EX-101.DEF) — 386KB
• lz-20231231_lab.xml (EX-101.LAB) — 1128KB
• lz-20231231_pre.xml (EX-101.PRE) — 722KB
• lz-20231231_htm.xml (XML) — 1749KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 29 Item 1C. Cybersecurity 30 Item 2.

Properties

Properties 31 Item 3.

Legal Proceedings

Legal Proceedings 31 Item 4. Mine Safety Disclosures 31 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32 Item 6. [ Reserved ] 33 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 54 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 55 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosures 99 Item 9A.

Controls and Procedures

Controls and Procedures 99 Item 9B. Other Information 100 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 100 Part III Item 10. Directors, Executive Officers and Corporate Governance 101 Item 11.

Executive Compensation

Executive Compensation 101 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 101 Item 13. Certain Relationships and Related Transactions, and Director Independence 101 Item 14. Principal Accountant Fees and Services 101 PART IV Item 15. Exhibits and Financial Statement Schedules 102 Item 16. Form 10-K Summary 103

Signatures

Signatures 104 i Table of Contents

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements other than statements of historical facts contained in this Annual Report on Form 10-K may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to, statements regarding our future results of operations and financial position, industry and business trends, stock compensation, business strategy, plans, market growth and our objectives for future operations. The forward-looking statements in this Annual Report on Form 10-K are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, those factors discussed below under "Summary of Risk Factors" and in Part I, Item 1A, "Risk Factors" in this Annual Report on Form 10-K for the year ended December 31, 2023

Business

Item 1. Business Overview LegalZoom is a leading online platform for business formation in the United States, or U.S. Our unique position at business inception allows us to become a trusted business advisor, supporting the evolving needs of a new business throughout its lifecycle, and we have expanded our platform to include professional expertise and other products, both legal and non-legal, to better meet the needs of small businesses. Driven by a mission to unleash entrepreneurship, we deliver comprehensive legal, tax, accounting and compliance products and expertise to millions of small business owners and their families through easy-to-use technology. We operate across all 50 states and in over 3,000 counties in the U.S., with over two decades of experience in simplifying the legal and compliance process for our customers and empowering entrepreneurs with services that help to make their dream a reality. The LegalZoom Ecosystem Millions of people in the U.S. start small businesses every year. Many small businesses operate without forming a legal entity, unintentionally introducing financial risk to the owners' personal assets. The businesses that recognize that risk upfront often struggle to address it. Once they understand the need to be protected, they often do not know what to do, where to turn or how much it will cost to get help. Further, even when formed properly, small businesses often fail to comply with ongoing compliance requirements, thereby reintroducing personal liability or facing significant financial and operational risk. These difficulties are becoming more acute as the number of U.S. business formations increases, driven by various macroeconomic factors such as the rise of the gig economy and remote work, accentuating the need for a trusted, cost-effective, digital-first and simple formation and compliance solution. Our customer funnel. We believe we earn small businesses' trust and drive significant organic traffic through our brand name

View Full Filing

View this 10-K filing on SEC EDGAR