Starting your own business can be an exciting venture, but navigating through the legal paperwork and compliance processes can feel like a daunting task. One of the ways to ease this burden is by using a business formation service like MyCorporation. Since its founding in 1995, MyCorporation has become a trusted name in the LLC formation industry, helping thousands of entrepreneurs navigate the often complicated journey of business formation.
In this comprehensive review, we’ll cover everything you need to know about MyCorporation, including its features, services, pricing, customer support, and much more. By the end, you’ll have a clear understanding of whether MyCorporation is the right service for you.
What Is MyCorporation LLC?
MyCorporation LLC is an online platform that specializes in forming and maintaining LLCs (Limited Liability Companies), corporations, and nonprofits. They offer a variety of services that help entrepreneurs with business formation, legal compliance, and ongoing administrative tasks. Whether you’re looking to form an LLC, obtain a federal tax ID number (EIN), or file for business licenses, MyCorporation provides a one-stop-shop for business services.
One of the key advantages of using MyCorporation is the ease with which users can access its services. The platform is designed to guide users through the process step-by-step, making it an excellent option for people who are new to forming a business or who prefer a straightforward, hands-off approach to the paperwork side of things.
In addition to business formation services, MyCorporation offers a suite of post-formation services, including registered agent services, trademark filings, annual report filings, and more. This makes MyCorporation a valuable partner for long-term business success, not just the initial startup phase.
MyCorporation Review Ratings
Before we dive into the details of MyCorporation’s services, let’s look at how it stacks up based on several key factors, including customer support, pricing, features, and ease of use. We’ve compiled these ratings based on expert reviews and user feedback.
Support – 4.6/5
Customer support is a critical factor when choosing any business service, and MyCorporation doesn’t disappoint in this area. The company has a reputation for providing excellent customer service, with many users noting that their issues were resolved quickly and efficiently. MyCorporation offers support through both phone and email, and many users find the staff to be knowledgeable and helpful in answering questions about business formation and compliance issues.
Support is available during business hours, and the company also has a comprehensive FAQ section on its website, which can help you find answers to common questions without needing to contact customer service.
Price – 4.4/5
When it comes to pricing, MyCorporation is in the mid-to-high range compared to other LLC formation services. Their basic LLC formation packages start at around $109, and prices can go up depending on the level of service you require. While this isn’t the cheapest option out there, MyCorporation offers a range of packages designed to meet different business needs.
For example, the more advanced packages include additional features such as registered agent services, which can add to the overall cost. Keep in mind that state filing fees are separate from MyCorporation’s fees and can vary depending on the state you’re forming your LLC in.
Features – 4.1/5
MyCorporation offers a robust suite of features designed to cover all the essential aspects of starting and maintaining a business. Some of the core services include LLC formation, registered agent services, EIN acquisition, and trademark registration.
However, compared to some competitors, MyCorporation’s basic packages may feel a bit more limited. Many users have noted that additional services, like annual report filing and compliance monitoring, are offered as add-ons rather than being included in the base packages. This can be a downside if you’re looking for an all-in-one solution without having to purchase extra services.
Turnaround – 4.5/5
Turnaround time is another area where MyCorporation excels. Many users report that their LLC formation was completed within a few days, and expedited services are available for those who need faster processing. The company is transparent about its timelines and provides estimated completion times during the signup process.
That said, processing times can vary depending on state requirements, and the company’s turnaround may be longer if there are delays in your paperwork or state filings.
User Ratings – 4.6/5
Based on user feedback from platforms like Trustpilot, MyCorporation has received high ratings overall, with many customers praising the service’s professionalism and reliability. Customers particularly appreciate the user-friendly platform and the guidance provided during the business formation process. There are a few complaints regarding upsells and the extra cost of add-on services, but overall, MyCorporation maintains a strong reputation among its users.
Ease of Use – 4.6/5
Ease of use is another area where MyCorporation stands out. The platform is designed to be intuitive, with step-by-step instructions that guide you through the entire process, from choosing your business type to submitting your documents. Whether you’re a first-time entrepreneur or a seasoned business owner, you’ll find the platform straightforward and easy to navigate.
LLC Service Features & Prices
MyCorporation offers a range of services that cater to entrepreneurs at various stages of their business journey. Let’s break down the main packages and services they offer.
Basic Package – $109 + State Fees
The Basic Package includes the essentials needed to form your LLC. This includes filing your Articles of Incorporation with your state, as well as a Name Availability Search to ensure that your business name is unique. The Basic Package doesn’t include additional services like a registered agent or annual report filing, but it provides everything you need to get your LLC off the ground.
Standard Package – $134 + State Fees
The Standard Package builds on the Basic Package by adding a few extra features. In addition to the Articles of Incorporation and Name Availability Search, the Standard Package includes an Operating Agreement and Minutes of Meeting. These documents are important for the internal governance of your LLC and help establish the structure of your business. You’ll also receive a one-year free trial of the Registered Agent Service, which is an important service for businesses that want to maintain privacy and ensure legal compliance.
Deluxe Package – $234 + State Fees
The Deluxe Package includes all the features of the Standard Package, plus the Registered Agent Service for one year. This service is essential for receiving legal documents on behalf of your business, such as tax notices and lawsuits. The Deluxe Package also includes a customized operating agreement, which can be important for establishing the internal workings of your LLC.
Premium Package – $334 + State Fees
The Premium Package offers the most comprehensive set of services. In addition to everything in the Deluxe Package, it includes the MaintainMyBiz service, which helps ensure your business stays compliant by managing your annual reports and other required filings. If you’re looking for ongoing assistance with business compliance, this package is an excellent choice.
Additional Services
Beyond the standard LLC formation services, MyCorporation offers a range of additional services designed to help your business grow and stay compliant:
- Registered Agent Service: MyCorporation offers registered agent services starting at $99 per year. This service helps ensure that your business receives important legal documents.
- Employer Identification Number (EIN): Applying for an EIN is essential for businesses that plan to hire employees or open a business bank account. MyCorporation offers EIN application services for $79.
- Business Licenses and Permits: Navigating the regulatory requirements of business licenses can be confusing. MyCorporation helps you determine what licenses and permits you need for your business and assists with the application process.
- Trademark Filings: MyCorporation offers trademark registration services to protect your intellectual property and brand identity. This service is priced at $199.
- MaintainMyBiz Subscription: This service is available for $100 per year and ensures that your business stays compliant by handling necessary filings like annual reports.
Benefits of Using MyCorporation
- Comprehensive Services: MyCorporation provides a wide array of services beyond just business formation, making it a one-stop shop for entrepreneurs looking for ongoing business support.
- Easy-to-Use Platform: The platform is designed to be intuitive and user-friendly, which is a big advantage for first-time business owners who may not be familiar with legal or compliance paperwork.
- Excellent Customer Support: MyCorporation offers strong customer support via phone and email. Their team is known for being responsive and helpful in answering questions.
- Long-Standing Reputation: With over 25 years of experience, MyCorporation has built a reputation as a trusted name in the business formation industry.
Downsides of Using MyCorporation
- Pricing: MyCorporation is on the more expensive side compared to other LLC formation services, especially for its basic packages. However, the added value in terms of service quality may justify the cost for many entrepreneurs.
- Upsells and Add-Ons: While the core services are solid, MyCorporation tends to offer additional services as upsells, which can quickly increase the total cost of doing business with them.
- State Filing Fees: Keep in mind that state filing fees are not included in MyCorporation’s pricing. These fees can vary depending on your state, adding additional costs to the business formation process.
Who Should Hire MyCorporation?
MyCorporation is ideal for entrepreneurs who:
- Want a comprehensive range of services to handle business formation and ongoing compliance.
- Value strong customer support and a user-friendly platform.
- Are willing to invest in quality services for long-term business success.
- Need assistance with services like trademark registration, business licenses, and annual report filings.
If you’re looking for a budget-friendly option and don’t require as many services, you might want to consider other providers like ZenBusiness or Northwest. However, if you value convenience and expert assistance, MyCorporation is an excellent choice.
MyCorporation Customer Testimonials
Many users have shared their positive experiences with MyCorporation. Here’s a look at a few customer testimonials:
- “I was so impressed with how easy the process was. The customer service team walked me through everything and answered all my questions. Highly recommend!” – Sarah, California
- “The team at MyCorporation was super helpful when I was starting my business. They made sure everything was filed correctly and on time.” – James, Texas
MyCorporation Alternatives
While MyCorporation is a great option, it’s worth considering alternatives to find the best fit for your business.
1. ZenBusiness
ZenBusiness offers a user-friendly platform and competitive pricing, starting at $0 plus state fees for LLC formation. They also offer a range of additional services to support business growth, including registered agent services and EIN applications.
2. Northwest
Northwest is known for its straightforward pricing and personalized service. They offer LLC formation services starting at $39 plus state fees and focus on providing a high level of customer care without upselling additional services.
3. Bizee
Bizee offers a modern approach to business formation, focusing on automation and simplicity. They provide affordable pricing and a streamlined platform for entrepreneurs looking to quickly and efficiently get their businesses up and running.
Verdict on MyCorporation
MyCorporation is a reliable and reputable service for forming and maintaining your business. While their pricing may be higher than some competitors, the value they provide in terms of comprehensive services, expert guidance, and strong customer support makes them a great choice for entrepreneurs looking to set up and manage their businesses. Whether you’re forming an LLC, filing trademarks, or staying compliant with state regulations, MyCorporation can help you every step of the way.
FAQs
Does MyCorporation offer free LLC formation services?
No, MyCorporation does not offer free LLC formation services. Their packages start at $109 plus state fees.
Are there any hidden fees with MyCorporation?
MyCorporation is transparent about its pricing, but additional services and state filing fees can add to the total cost.
Can I cancel additional services like MaintainMyBiz?
Yes, you can cancel additional services at any time, but be aware of any auto-renewals.