MyCorporation Review (2024) Everything You Need to Know
MyCorporation offers LLC formation services that have helped form over 1,000,000 businesses since 1998.
With its wide range of business services, including LLC, incorporation, registered agent services, and more, MyCorporation is an excellent option for LLC formation.
As a business consultant specializing in company formation, I partnered with a team of professional entrepreneurs to explore several online service providers and came across MyCorporation.
After employing the company and navigating the platform, Venture Smarter will provide insights into their featured services, benefits, and costs.
We'll also compare them to other formation services to help you decide if MyCorporation suits your business needs.
What Is MyCorporation LLC?
MyCorporation LLC is a formation business that was founded in 1998 and has helped build over one million businesses, according to their website.
MyCorporation helps with everything from formation to dissolution and offers a wide array of additional services.
"MyCorporation isn’t a great choice for LLC services and online incorporation services. Their service packages are overpriced and don’t include as many services as many competitors’ packages."
- Matt Horwitz, Leading Authority in LLC Education
MyCorporation
MyCorporation
MyCorporation Review Ratings
In evaluating MyCorporation, we meticulously considered various critical aspects to provide a well-rounded rating.
Venture Smarter ratings reflect the company's performance in key areas crucial for any business seeking LLC formation and related services.
These ratings are based on our direct experience with the company, customer feedback, and a comparative analysis with other service providers in the market.
Support - 4.6/5
MyCorporation excels in customer support, earning a high rating of 4.6 out of 5.
This score reflects the company's commitment to providing prompt, knowledgeable, and courteous assistance.
MyCorporation promises top-notch customer support. True to their word, our interactions with the support team were marked by efficiency and helpfulness, mirroring the positive experiences shared by other customers.
Price - 4.4/5
The pricing structure of MyCorporation is competitive and transparent, meriting a 4.4 out of 5 rating.
While not the cheapest in the market, the company offers a range of packages that cater to different business needs and budgets.
Contrasting MyCorporation's claim of competitive and transparent pricing, our review finds that their packages, while not the cheapest, offer clear value for the services provided, aligning with our cost expectations.
Features - 4.1/5
With a rating of 4.1 out of 5, MyCorporation's feature list is extensive and well-tailored to meet various business needs.
From basic LLC formation to more complex services like trademark and copyright filing, the company offers a well-rounded suite of services.
Evaluating MyCorporation's claim of offering an extensive feature list, our direct experience confirms that they provide a broad range of services tailored to various business needs, although there is room for enhancement in terms of inclusivity in the base package.
Turnaround - 4.5/5
MyCorporation's turnaround time for LLC formation and other services receives a rating of 4.5 out of 5.
While the company does not provide a specific estimated turnaround time, which can be a drawback, they offer a rush filing option to expedite the process.
Our assessment verifies that their turnaround times, while not specified, are expedited through optional rush filing, meeting our expectations for prompt service.
This rating reflects a balance between the flexibility of expedited services and the lack of clear timeframes for standard processing.
User Ratings - 4.6/5
MyCorporation holds a commendable user rating of 4.6 out of 5, reflecting the general satisfaction of its customers.
Users often highlight the company’s reliable service and the broad range of business formation options available.
My personal experience with MyCorporation was positive; the platform delivered on its promises, providing thorough and efficient service. The customer support was responsive and helpful, which aligned well with the high ratings from other users.
Ease of Use - 4.6/5
MyCorporation’s ease of use earns a solid rating of 4.6 out of 5, demonstrating the platform’s user-friendly design. The process of setting up a business is made simple with clear, step-by-step instructions.
During my trial, navigating through the incorporation process was straightforward, with each task well explained.
The platform’s clean layout and intuitive interface made it easy to manage all necessary filings and track the progress of my business formation without any hassle.
LLC Service Features & Prices
Since I've personally registered an account on MyCorporation, I learned that they offer four business formation packages to help owners and entrepreneurs decide which feature is suitable for them.
The packages include:
- LLC Basic Package ($99 + State Filing Fees): The basic package includes a business name availability search and the preparation and filing of the Articles of Organization. This is a bare-bones option to form an LLC.
- LLC Standard Package ($124 + State Filing Fees): The standard package includes everything from the previous package plus annual report service and bylaws, minutes, and waivers.
- LLC Deluxe Package ($224 + State Filing Fees): The deluxe package includes everything from the previous two packages for your limited liability company plus registered agent service.
- LLC Premium Package ($324 + State Filing Fees): The premium package includes everything from the previous three packages plus MaintainMyBiz services, which include LLC Operating Agreement, Fictitious Business Name (DBA), Initial Report, Annual report service, Foreign qualification, S-Corp election options, amendment, stock certificates, membership certificates, corporate minutes and bylaws, Reinstatement, and Certificate of Good Standing [1]. According to the Colorado Secretary of State, the person accepting the Certificate may require a specific time frame, for example, they may want the date issued on the Certificate to be within 30 or 60 days.
- Registered Agent Service ($120/year): The service then renews at $179 annually.
Additional Services
Venture Smarter navigated the company platform and found a wide range of additional services they offer, which include the following:
- Business entity EIN: $79
- Annual report service: $99+ state fees
- Initial Report: $99
- Business Reinstatement: $199
- Foreign Qualification: $199
- Copyright filing: $99
- Dissolution: $129 + state fees
- Certificate of Good Standing: $99+ state fees
- Apostilles: $99 + state fees
- Logo design: $39.99
Benefits
MyCorporation features offer several key benefits for business formation services.
Here are some of the benefits based on my personal experience using the platform:
- Excellent Reputation: Established in 1998, MyCorporation has over 24 years of experience and a large, loyal customer base thanks to its high-quality service and expertise.
- User-Friendly: One of the most striking features of MyCorporation is its user-friendliness. The website is designed to simplify the company formation process, making it straightforward and time-efficient. I found the application process to be particularly smooth, taking less than ten minutes to complete.
- Well-Rounded Feature List: MyCorporation stands out with its unique offerings. The inclusion of an annual report service in all plans is a notable advantage. Additionally, the platform provides exclusive services like sales tax registration, income tax assistance, and unemployment insurance, which I found particularly beneficial for comprehensive business management.
- Top-Notch Customer Service: The customer support at MyCorporation is exemplary. Throughout my interaction, the customer service was prompt, knowledgeable, and helpful, both via email and phone. This aligns with the numerous positive online reviews that the company has garnered.
- Overall Value: With four different packages, MyCorporation caters to a wide range of business needs. From a basic package for those just starting out to more comprehensive options for established businesses, the platform offers great value for various requirements and budgets.
Downsides
Despite MyCorporation being an excellent formation service, here are some of its downsides.
- Limited Features in Base Package: The base package lacks many features, notably excluding registered agent services, which are standard in some other services.
- No Estimated Turnaround Time: MyCorporation does not provide a specific timeframe for company formation, which can vary by state. They offer a rush filing option for an additional fee.
- Several Upsells: The application process includes numerous upsells, making it potentially tedious for users.
- Vague Guarantee: The refund policy is unclear, with limitations on refundable fees and conditions that can confuse customers.
Who Should Hire MyCorporation?
Clients looking to create an LLC with a company that has an extensive track record and excellent customer support should hire MyCorporation.
They are also good for:
- Business owners who don't want to handle their own annual reports.
- Business owners who need other LLC formation services such as trademarks and copyrights.
- A business owner who values excellent customer support.
MyCorporation Customer Testimonials
"Working with Jennifer Briseno at My Corporation to help me file my business as a foreign entity when I moved to Georgia made what could have been a very complicated process very simple. She has gone above and beyond to guide me to the right approach and forms needed for my C Corp and LLC registrations, and I go into the new year knowing that we can confidently conduct business in our new state. I highly recommend working with Jennifer for all your needs."
- Teresa, Trustpilot
"I started a new corporation while I was on vacation. What a kick, I really knew so little about the process, and I didn't want to pay an attorney's ex-ordinate fees to do something that was within my reach. The representatives at MyCorporation stayed on the phone with me and answered all my questions as I completed the process. I then went down to the beach as president of my new business. All the steps are falling into place, and they helped me get it all started."
- Atlas Pillow, Company Inc.
"This company does everything you need to get business moving forward in any state. The price is very reasonable for the amount of time and stress it saves you. Every time another step was taking place, they called you to let you know what is happening. The overall process was speedy and accurate. I would recommend MyCorporation to anyone."
- Riegel Distributing Inc.
“I needed a document for my LLC that was not specifically part of my order. The agent said she would put one together and send it to me shortly. She sent me what I needed right away, as promised. Couldn't ask for more.”
- Raymond, Trustpilot
“I have been more than pleased with the service I received from My Corporation over the past few years. I was not comfortable with my knowledge of how corporations work and they help ease my fears. Brandon Fleming was especially helpful to me in the dissolution of our LLC. If we embark on another partnership venture, I will certainly use My Corporation again!!”
- Gene, Trustpilot
MyCorporation Alternatives
As a regular client of several formation services, I gained enough knowledge and experience on the general profile of each company. Let's see how MyCorporation compares to three of its biggest competitors.
1. ZenBusiness
When it comes to ZenBusiness, their pricing is nearly impossible to beat. Their base LLC plan starts at $0 for formation services but doesn’t include free registered agent service.
The basic plan provides an LLC filing service and the option for worry-free compliance for the initial year at no cost. Subsequently, it renews at a yearly fee of $199.
ZenBusiness also provides marketing tools in some of its packages, including advanced SEO tools in their Premium plan, while MyCorporation does not.
MyCorporation offers trademark and copyright services for your business structure, while ZenBusiness doesn't, and they can help you start a speciality business such as a nonprofit.
2. Northwest
Northwest Registered Agent is more affordable than MyCorporation, with their formation packages starting at $39 versus $99 for MyCorporation.
Northwest's base package has more offerings, including a year of registered agent service, an operating agreement, and more.
Northwest is also more transparent about its turnaround times. Both services offer good customer support and have excellent customer feedback.
3. Bizee
Bizee's (formerly Incfile) pricing is also difficult to beat. Their pricing starts at $0, and while the package is a bare-bones offering, MyCoproration's bare-bones offering is $99.
MyCorporation offers a broader range of legal services for businesses, such as copyright protections. MyCorporation also supports B Corps and nonprofits, while Bizee doesn't.
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FAQs
What Is MyCorporation's Order Process Like?
MyCorporation's order process is simple. You start by selecting your state, business type, and your package. You then have the option to add some extras and enter your business information.
Does MyCorporation Aid In Ongoing Compliance?
Yes, MyCorporation’s deluxe package provides customers with aid in ongoing compliance, such as annual report services and registered agent service, to ensure that your business stays in good standing.
Does MyCorproration Offer Publication Services?
MyCorproation doesn't offer a publication service. In certain states, you need to publish your company's formation in a regional newspaper. Some of these states include Nebraska, New York, Arizona, Georgia, and Pennsylvania.
Venture Smarter Verdict on MyCorporation
MyCorporation is an excellent choice for LLC formation. They offer user-friendly service, affordable LLC services, well-rounded features, an excellent reputation, and top-notch customer service.
However, if you're looking for a more affordable option and don't need some of the additional services MyCorporation offers, such as trademark and copyright services, you might want to choose ZenBusiness.
ZenBusiness is a reasonable choice with plans starting at $0 for LLC services and includes expense tracking, a business license compliance package, and anything else you might need for the formation of your successful business.
We Recommend This Instead
ZenBusiness
- They offer various formation packages to choose from
- The prices of each package are reasonable
- They provide a worry-free compliance
- They make business formation as quickly as possible
- Has a lot of positive customer feedback
- Get the BEST PRICE until the end of October
- Non-profit business formation is not provided
