08/18/2022

Complete Overview On MyCorporation

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MyCorporation has been serving over 1 million businesses since 1997 and is considered one of the most trusted document filing services in America. It provides a variety of services for business formation, including incorporation and LLC services. This makes it an ideal choice for entrepreneurs regardless of their business niche. MyCorporation allows you to enjoy all the benefits and challenges that come with being a business owner without the hassle of filing.

Compare MyCorporation with The Best Business Formation Services

MyCorporation may not offer all the features that other services provide, but it should still be on your list. This service provides solutions for LLCs, C-Corps as well as S-Corps and S-Corps. You can also get your EIN free of charge.

LegalZoom and Infile are two of the most used online business formation services. Incfile was founded in 2004 and has since formed more than half a million companies. Incfile is affordable. However, any additional features such as EINs or operating agreements are expensive add-ons.

LegalZoom has assisted over 2 million businesses to become legal entities. This includes over 400,000 corporations. LegalZoom offers a wide range of services that can assist customers in obtaining licenses and permits, as well as assisting with incorporation.

MyCorporation is a good choice against these services, in terms of available options and features. However, it’s not the most cost-effective. The cheapest package costs $99, which is more than other services at the basic level. However, it has fewer features than comparable packages from rivals.

MyCorporation: The Good And The Bad

The Good

Stellar Reputation: MyCorporation was founded in 1997 and is one of the most trusted document filing services. The company has been on the market for over 24 years and has served many businesses. It also enjoys a large customer base. MyCorporation’s excellent service and high-level expertise have allowed it to maintain its customer loyalty, despite the introduction of newer solutions. This speaks volumes about MyCorporation’s credibility and consistency.

MyCorporation is extremely user-friendly and has a simple process. It understands the reasons business owners seek document filing services to save time and make it easy to form. They have created a user-friendly website and an easy-to-use application. The entire order process can be completed in under 10 minutes. This is a significant improvement over other websites. It is easy to use and understand because everything is laid out on the website. If you are unsure of what the fields mean, click on the question mark icon to get an explanation. This will help you understand the forms as you fill them out.

A well-rounded feature list: MyCorporation’s other major USP is its extensive feature list. All subscription plans include an annual report service, which gives it an advantage over other companies. You can also choose add-ons such as income tax assistance and unemployment insurance for employees. MyCorporation offers these financial services as an add-on. There are many better options on the market, but it’s fair to say that there are. MyCorporation has a solid service offering that is worth considering.

MyCorporation has a reputation for providing top-quality customer service. There are hundreds of positive reviews on MyCorporation, with the majority praising its efficient customer support. You can contact them by phone or email, and they also have a “leave me a message” section on their website. If you have an urgent query, you can expect to be contacted by a customer service representative within 24 hours. However, if you need faster answers, it would be better to contact customer support by telephone. MyCorporation gets extra brownie points for its polite, knowledgeable, patient customer service representatives.

The Bad

MyCorporation’s Basic Plan has very few features. It costs $99, which is quite expensive compared to other plans. We didn’t like the fact that this plan does not offer many features, particularly a registered agent service. This service is not included in the Standard plan. This is a major disadvantage as many of MyCorporation’s largest competitors, such as Incfile, offer a full year of registered agent service free of charge in all their packages.

MyCorporation does not provide estimated turnaround times for its services. The entire process can take anywhere from a few days up to six weeks depending on where you are registered. The company allows users to speed up the entire process by up to 85% if they pay $100 extra, exclusive of the state fees.

Too many upsell: MyCorporation can make the application process tedious if you don’t like companies pushing their products or services onto you. Too much upselling. You’ll be greeted with a few sales pitches for additional services before you reach the payment page. This makes signing up for the package time-consuming.

MyCorporation offers a vague guarantee that it will resolve any problem and allow users to request a return within 60 days. However, any funds that have been applied to state filing fees, publication fees, shipping, and handling, or corporate kits are non-refundable. The website states that you can request a full refund. The website also states that the company will not issue refunds unless the state filing fees are paid for orders placed on hold for more than three months from the original order date. It feels contradictory because the language used is unclear and confusing.

Pricing and Options for MyCorporation

Let’s take a look at the pricing and service options of MyCorporation.

MyCorporation Pricing

MyCorporation isn’t the most cost-effective option in its niche, as we mentioned. Even the entry-level plan costs slightly more than other popular options. It does have a large feature list which makes it worth considering.

No matter what type of entity you create, the following four packages are available for business formation. These are the contents of each plan:

Basics — $99 plus state fees

  • Articles of incorporation
  • Name Availability Search

Standard — $124 plus state fees

  • Articles of incorporation
  • Name Availability Search
  • Bylaws, minutes, and waivers
  • Service Annual Report

Deluxe — $224 plus state fees

  • Articles of incorporation
  • Name Availability Search
  • Bylaws, minutes, and waivers
  • Service Annual Report
  • Services of a Registered Agent

Premium — $324 plus state fees

  • Articles of incorporation
  • Name Availability Search
  • Bylaws, minutes, and waivers
  • Service Annual Report
  • Services of a Registered Agent
  • MaintainMyBiz services

Register agent service is available starting at $120 per annum and is not included in the Standard or Basic packages.

We recommend the Deluxe package over the other subscription plans. The Deluxe package includes a registered agent. This is a mandatory requirement when you form a company.

MyCorporation Incorporation Services

MyCorporation allows you to create a corporation for your assets and a legal structure that can be used for investment.

MyCorporation’s incorporation service is comprehensive and well-rounded, compared to other services for business formation.

MyCorporation offers more than its competitors, which limits its offerings to C-Corps or S-Corps. It provides incorporation services for C Corporations and S Corporations, non-profits, and B Corporations. Additionally, it offers entity incorporation for attorneys, physicians, and other licensed professionals.

The following features are included in every corporation package:

  • Articles of incorporation
  • Here are some samples of bylaws
  • Sample documents
  • Customer support

Packages for incorporation start at $99 plus any state fees.

MyCorporation LLC Services

MyCorporation’s LLC services enable company founders to take advantage of the unique advantages offered by the LLC business structure. It protects their assets and adds legitimacy to their businesses.

This service is available nationwide and has been used by many small business owners. You only need to complete a brief online questionnaire. This will ask you questions about your business, such as the name of your LLC, its location, names and managers, and other details. MyCorporation will then take care of all the paperwork for you and file the necessary state filings.

After everything is set up and completed, MyCorporation will email you all the required filings along with any documentation that may be needed for your LLC.

Each LLC package contains the following features:

  • Articles of organization
  • Operating Agreement
  • Sample document
  • Customer support

You can also choose package add-ons such as an EIN (for $79), business license compliance for $149, and a DIY logo maker ($39.95) or a custom operating agreement ($59).

Services for LLCs start at $99 plus any state fees.

MyCorporation Agent Service

MyCorporation’s Tax and Management Plan includes the registered agent service. It is also available as part of MyCorporation’s Premium and Deluxe packages for business formation services.

Each corporation and LLC must appoint an agent to act as the point of contact between them and the state or federal government. Although you can serve as the LLC’s registered agent, it is better to use a third-party service.

If you are serious about using MyCorporation for your business formation, it is a good idea to use their registered agent service. This will ensure compliance. MyCorporation’s services as a registered agent are among the best in the nation. They can accept legal documents and correspondence on your behalf of you, and they can also maintain regular business hours and follow other guidelines.

When you accept to be MyCorporation’s registered agent, you get the following:

  • Separate your private life from your public life to preserve privacy
  • Accepts legal documents from outside the business
  • Receive company progress in any legal action
  • You can expand your business in any state, as company services are available in all 50 states

Prices for registered agent services start at $120 per annum

Where MyCorporation ranks

MyCorporation has been a market leader in this area for decades. They have a great reputation for providing top-notch customer service. It has a user-friendly interface, and efficient features, and all of these are indicators that it will continue to be successful. 

We are impressed by MyCorporation’s features and quality of service, just like its large customer base. It’s quick to process orders and you can always reach out to its highly responsive customer service team if you get stuck.

Nevertheless, some services offer more value than MyCorporation. They also tend to be cheaper. Incfile offers free registration for the first year and is far cheaper than MyCorporation. LegalZoom costs $79 plus the state filing fees. It processes paperwork in just 30 days.

Summary

After considering all the pros and cons, MyCorporation is Kobe Digital-approved.

MyCorporation is a great choice for LLC services, incorporation services, or business licensing services. There is always room for improvement but MyCorporation provides prompt, straightforward assistance to users in forming their online businesses.

About the author

Kobe Digital is a unified team of performance marketing, design, and video production experts. Our mastery of these disciplines is what makes us effective. Our ability to integrate them seamlessly is what makes us unique.