MyCorporation Review

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What is MyCorporation?

MyCorporation is an online document filing service that helps customers with their business needs. Their services include:

  • trademarks
  • copyrights
  • incorporation services
  • LLC formation services
  • registered agent services
  • EIN
  • tax ID. 

MyCorporation has been around since 1998 and has helped form and grow around one million businesses. 

When it comes to their LLC formation service, MyCorporation functions the same way as other business formation services: You answer some business-related questions, they file the required paperwork, then you get your completed filings and other necessary documents. 

Now that you know a little bit about the company, it’s time to learn a bit more about the services they offer.

In this MyCorporation review, you’ll discover everything you need to know about their business formation packages, incorporation services, and whether or not you should form your LLC with them.

A short overview of what MyCorporation provides

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MyCorporation offers fast, easy, and affordable LLC formation. 

Here’s what you can expect by signing up and using MyCorporation to form your LLC:

  • Articles of Organization and Business Documents: MyCorporation creates all your required paperwork for you. These include an operating agreement, sample minutes & membership certificates (member certificates are not included with the Basic Package).
  • MyCorp Vault Document Storage: This feature lets you store and share copies of all company documents in one place. You can use this document storage service to access corporate paperwork, annual filings and to share them with investors, bankers, or advisors.
  • Name Check: Avoid unnecessary hassle and costs by checking with the state if your corporation or LLC business name is available. 
  • Annual Report: MyCorporation files your annual state report for you. This report contains information about company activities, locations, and current contact information for company owners/managers. 
  • Registered Agent Services: All 50 states require a registered agent that accepts legal and official documents on behalf of businesses. MyCorporation’s registered agent service keeps businesses compliant and informed of legal and official documents.
  • Rush Filing: If you need your corporate documents quickly, this service lets you save up to 85% of the standard filing turnaround time.
  • Unlimited Customer Service:  MyCorporation offers a free business consultation service if you’re unsure about your business. You can also access their learning center or contact customer support via phone or email. 

These services are just some of what MyCorporation offers for those looking to form an LLC. They also offer other business-related services like income tax audits, trademark & copyright, an annual report service, and more.

Note that MyCorporation offers some of these services as optional features in their LLC formation service and they come with their own service fees.

How does MyCorporation Work?

Just like other online document filing services, MyCorporation’s LLC formation process is pretty straightforward. 

  1. First, you select your business type (LLC, C Corporation, S Corporation, etc.) and state. State filing fees will differ depending on each state. Then click “Get Started”.
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2. Next, choose one of the four pricing packages. Make sure to review your choice and make sure it includes the services your LLC needs (like a registered agent service).

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3. Then, scroll down and select the optional services you want (like EIN, customized operating agreement, etc). You can choose any number of these services or none at all. Each of these services comes with its own separate fee.

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4. After pressing “Continue”, answer some company-related questions like company name, email address, address, country, etc.

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5. Finally, Proceed to payment and you’re done! 

Forming an LLC with MyCorporation is that easy. In the next part of this MyCorporation review, let’s discuss each of their pricing packages.

MyCorporation LLC Formation Packages

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How much does MyCorporation charge to create your LLC?

MyCorporation offers 4 LLC formation packages (not including state fees) — Basic, Standard, Deluxe, and Premium — which we’ll discuss below.  

Here’s a detailed breakdown for each package:

Basic Package ($99 + State Fees)

The Basic Package covers just the basics. By choosing this package, you’re getting all the necessary features you need to get your LLC formed. 

Here’s what you’re getting:

  • Articles of Organization and Business Documents: Skip the guesswork when filing as MyCorporation creates all your required paperwork for you.
  • MyCorp Vault Document Storage: Avoid having to look in separate places to find your corporate and business documents. 
  • Name Check: Avoid unnecessary hassle and costs by checking with the state if your corporation or LLC business name is available. 

Summary: This package is good enough if you’re just looking to have your LLC formed.

Standard Package ($124 + State Fees)

The Standard Package includes everything in the Basic Package plus one additional feature:

  • Annual Report: MyCorporation files your annual state report for you. This report contains information about business activities, business locations, and current contact information for owners/managers. 

Summary: The Standard Package is good if you’re looking to form your LLC but also need a little help to keep it state compliant.

Deluxe Package ($224 + State Fees)

The Deluxe Package includes everything from the Basic and Standard package plus one additional feature.

Which is the following:

  • Registered Agent Services: All 50 states require a registered agent that accepts legal and official documents on behalf of your business. This feature helps keep your business compliant and informed of legal and official documents.

Summary: The Deluxe Package is great if you’re looking to form your LLC and also keep it state compliant.

Premium Package  ($324 + State Fees)

The Premium Package includes everything from the previous package plus one additional feature.

  • MaintainMyBiz: The perfect corporate maintenance package for corporations and LLCs. Keep your company in good standing with any 4 business filings/year included.

Summary: The Premium Package is perfect if you’re looking to form your LLC, keep it state compliant, and in good standing annually.

How long does it take for MyCorporation to form your LLC 

Unfortunately, there’s no hard and fast answer. Everything depends on your chosen state and the type of business entity you’re forming. It can take anywhere from just a few business days to a few months.

That said; MyCorporation does offer a Rush Service that promises to cut your turnaround time by 85%. 

Popular MyCorporation LLC Alternative

If you feel like MyCorporation’s incorporation service doesn’t offer enough features by default or if you just want to check out other alternatives, we recommend checking out ZenBusiness (our top pick). 

ZenBusiness provides advanced features (like an operating agreement and a registered agent) as part of their starting package by default.

ZenBusiness is also cheaper with their starting package starting at just $49. It also has higher customer reviews on BBB and Trustpilot.

Speaking of customer reviews here is what we found out and what customers thought about the service they received from MyCorporation in general.

MyCorporation Customer Reviews

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One crucial part when reviewing business formation services is to find out what customer reviews say about them. This is where review sites such as Trustpilot and BBB become relevant. For this review, we looked to Trustpilot. 

So how does MyCorporation’s LLC formation service fare according to Trustpilot’s customer reviews?

MyCorporation gets a “Great” rating with 4.1 stars out of 5. 

Most of the clients who loved MyCorporation praised its helpful consultation team and track record of lightning-fast turnaround times. 

Some parties do have complaints about this company’s customer support which was either too slow or unhelpful. 

Should you form an LLC with MyCorporation

MyCorporation is an incorporation service that’s been around for 20 years and prides itself on the over 1 million businesses it has formed and helped grow. 

With its simple and easy LLC formation process, always-available online storage, several advanced add-ons, and great consultation service, MyCorporation is perfect for anyone looking to form their LLC while also keeping it state compliant.

However, their advanced features (registered agent service & annual report service) are locked behind their standard, deluxe, and premium pricing packages. They also have a costlier starting package that comes with fewer features than the competition. There have also been complaints about their customer service response time.

Final Verdict: 

So, do we recommend MyCorporation to form an LLC?

No, there are just better choices out there. 

Don’t get us wrong. MyCorporation is great because of all the features we’ve discussed above, but you can get so much more for the same or similar fee.

We recommend you form an LLC with ZenBusiness for its affordability, default features, and higher trust rating based on reviews. 

MyCorporation Review FAQS

MyCorporation vs  ZenBusiness: Which is better?

ZenBusiness is better. 

We found that ZenBusiness has more default features and has a higher trust rating (based on reviews) but for a lower fee.

What Are MyCorporation’s Biggest Pros and Cons?

MyCorporation’s biggest pros are its simple and easy LLC formation process, always-available online storage, several advanced add-ons, and great business consultation service.

Its biggest cons are that its more advanced features are locked behind their higher-tier pricing packages and more expensive pricing packages. 

If I Use MyCorporation, Which Features Should I Get?

You may want to get the standard, deluxe, and premium features if you want total compliance.

You may want to get an EIN or operating agreement for convenience.

You can also get their Rush Filing service if you’re in a hurry to get your LLC formed.   

Does MyCorporation offer a Publication Service?

No. They don’t offer a Publication Service.

Does MyCorporation Help With Ongoing Compliance Requirements (Registered Agent Service, Annual Report Service, etc.)?

Yes. They help with Ongoing Compliance Requirements through their registered agent service and annual report service. 

What Is MyCorporation’s Refund Policy? 

Yes, You can request one within 60 days of your purchase. They also charge a $25 convenience fee.

Why Do I Need to Use a Business Formation Service?

Forming an LLC can be time-consuming, confusing, and costly — especially if you’re just starting a business. A business formation service saves you from all of these problems (for a price) so you can focus more on growing your business.

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