The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and chief technology officer Jeremy Phillips discuss topics across the investing world.

On Friday, LegalZoom filed its S-1 with the SEC, which indicates its intention to go public. This online legal services and documents provider has many of the traits Jeremy and Eric look for in a successful Web business. Namely, it is currently in the process of switching its business model from one-off transactions to a subscription focus. This recurring revenue stream should stabilize its revenue. Additionally, due to the scale and efficiency of the Internet, it has the power to shift several thousand-dollar transactions into a few hundred. This could destroy many brick-and-mortar businesses, but the resulting value will be mostly LegalZoom's to capture.

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