Do you need to form a new LLC, but you’re not experienced enough with the process to give the DIY route a try?
Are you also unwilling or unable to spend the hundreds or even thousands of dollars necessary to hire a lawyer to form your LLC?
Fortunately, there are plenty of service providers like MyCorporation and Incorporate.com that can form your LLC in a convenient and compliant fashion. But how do you decide which one is the right choice?
In this MyCorporation vs Incorporate.com comparison guide, we’ll discuss their most important commonalities and differences. By the time you’re finished reading, we think you’ll have a much better idea of which one best suits your needs.
MyCorporation and Incorporate.com are two of the most popular LLC formation service providers available today, and they’re both easy companies to recommend. We’re confident that you’ll be a satisfied customer with either one of them. Still, MyCorporation has a few advantages that make them our preferred pick for most of our readers.
Important Note: The prices listed below for MyCorporation reflect the final prices after their required shipping fee on all packages.
Most importantly, MyCorporation receives excellent feedback from their clients, with hundreds of reviews and very high average rating scores. On the other hand, Incorporate.com has just a few dozen reviews, and they’re mostly negative in nature.
Furthermore, MyCorporation’s $158 package includes a year of their managed annual report service, whereas Incorporate.com does not include this feature with any of their LLC packages unless you also purchase their registered agent service.
Would you like to learn more about these two respected service providers before you make your choice? Read on as we dig into all the important details.
Is There a Better Alternative?
While MyCorporation and Incorporate.com both have plenty of positives, neither of them is among our absolute favorite companies in this industry.
In general, we prefer to use a service like IncFile and ZenBusiness. They include a full year of registered agent service with all of their LLC formation packages and a lot of other solid features. Plus, they have fabulous customer feedback reputations, with thousands of positive reviews all over the web.
6 Things They Have In Common
1) Affordable: With either one of these companies, you can save a considerable amount of money compared to the high cost of hiring an attorney to draft and file your formation documents. Considering the fact that the LLC isn’t a complicated business structure to begin with, you may find that you don’t even need a lawyer’s expertise.
2) Customer Support: Everyone loves saving money, but we also place a high value on getting reliable assistance when you need it most. MyCorporation and Incorporate.com both have high-quality customer service representatives who ensure that help is always just a phone call or email away.
3) Experience: Why would you trust a fly-by-night company with no experience to form your LLC, when you can choose a highly experienced company that’s done this thousands of times before? With Incorporate.com and MyCorporation, you can rest assured knowing your formation will be handled professionally.
4) Efficiency: These companies can both speed up your processing time from a matter of several weeks down to just a few days in many states. Just be aware that MyCorporation has some hefty additional surcharges for expediting orders (more on this in a bit…).
5) Additional Services: Many LLC formation service customers also require registered agent service, or an LLC operating agreement, or maybe a federal tax ID number (EIN). With these companies, you can access these and many other additional services you may need.
6) Educational: These companies both can teach you quite a bit about the business world without having to spend a dime. MyCorporation has a learning center that includes lots of business tips and articles from small business owners like you, and Incorporate.com offers how-to posts on everything from common startup tasks to industry-specific guides.
Side by Side Comparisons
You don’t need us to tell you that paying $99 instead of $133 is preferable. However, while Incorporate.com is the clear winner in this category, we’ll remind you that pricing isn’t everything. In fact, as we work our way through the rest of this comparison guide, we think you’ll understand why we actually prefer MyCorporation overall.
These two providers have very similar base-rate packages that include only the essentials of formation: a business name availability check, and the preparation and filing of your articles of organization. However, if you step up $25 to MyCorporation’s $158 Standard package, they’ll throw in a year of their managed annual report service, a highly valuable feature that Incorporate.com doesn’t include at any level of service. It’s an excellent value for the money.
If we’re only considering each company’s most basic LLC formation package, this category is a toss-up. On the other hand, it’s clear to us that MyCorporation includes more value in their upper-tier packages. In addition, we don’t particularly enjoy the way Incorporate.com’s misleading advertising makes it seem like you’re getting more features than you actually are.
Incorporate.com has longevity that no one in this industry can match, as they’ve been open since the 19th century! Since they opened in 1899, they’ve served more than 750,000 customers. As for MyCorporation, they’ve only been around since 1998, but they’ve already helped a higher customer volume than Incorporate.com, with more than a million clients served.
We’re fans of what both of these service providers have to offer when it comes to customer service. They both have friendly and helpful support reps, and they’re both pretty easy to get ahold of as well. You can reach MyCorporation’s representatives from 10:30 am to 7:30 pm ET on weekdays, while Incorporate.com has slightly better availability that runs from 8 am to 8 pm ET on weekdays. Overall, this category is pretty even in our opinion.
Both of these service providers base their turnaround estimates on the guidelines of each individual state. While they can vary a bit, and one or the other might be slightly quicker in your state, for the most part, they are equals when it comes to standard turnarounds.
While these companies will both expedite your order if you need it processed in a hurry, we would advise against using this feature if you’re a MyCorporation customer. Both of these service providers charge extra fees to expedite an order according to state guidelines, but MyCorporation adds a ridiculous $100 surcharge of their own on top of the state’s fee.
Both of these companies make it easy to keep track of which stage of the formation process your LLC is currently in. They both have user-friendly order status tracking tools on their websites, and this is another relatively equal category for these service providers.
Registered Agent Service
Every LLC in America is required to designate a registered agent, which is a person or business entity that receives important document deliveries (like service of process) from your state government, informs you of the receipt, then forwards the documents to you. This is so crucial because the state needs to have a reliable means of contacting your business at any time.
MyCorporation doesn’t include registered agent service with their $133 Basic or $158 Standard packages, but they do bundle a full year’s worth into their $258 Deluxe and $358 Premium packages. In general, they charge a reasonable rate of $120 per year for registered agent service, which is a pretty standard price point.
Incorporate.com doesn’t bundle registered agent service into any of their LLC service packages, and they charge a high annual rate of $235 if you want to add it on. MyCorporation clearly wins this round.
Incorporate.com’s reputation for client feedback leaves something to be desired. They have 50+ reviews available online, and most of them are negative in nature.
As for MyCorporation, their customer reviews couldn’t be much more different from those of Incorporate.com. With hundreds of reviews across the internet and fantastic average review scores, customer feedback is a real strength for MyCorporation.
Ease of Use
With either one of these companies, you’ll receive LLC formation service that is far easier to leverage than the DIY option. MyCorporation and Incorporate.com both also have user-friendly websites. All told, they both score highly in the ease of use category.
Both MyCorporation and Incorporate.com provide access to many additional services that can help you start, maintain, and expand your new LLC. In addition, they offer quite a few of the same services, including registered agent service, annual reports, foreign qualifications, amendments, and more.
However, there are also numerous services that only one of these companies offers. For instance, only Incorporate.com offers mail forwarding service, while only MyCorporation can help you with promotional products and apparel, retail packaging, and print marketing.
Which LLC Service Should You Choose?
With MyCorporation and Incorporate.com, we’re dealing with two of the best LLC formation service providers. They’re both highly capable when it comes to forming your LLC in a compliant fashion, and at a reasonable price point as well.
It’s understandable that some of you may not have made up your minds yet, so to close out this comparison guide, we’ll take a quick look at some of the reasons people commonly choose one service provider over the other. Either way, we wish you the best of luck!
➥ Choose MyCorporation if You Are:
Do you want annual report service bundled in with your LLC formation? Are you looking for a company with a strong customer feedback reputation? MyCorporation should be a great fit for your business.
➦ Choose Incorporate.com if You Are:
Are you impressed by their incredible longevity? Do you want an expedited formation without high added fees? Give Incorporate.com a look.
While both of the LLC services in this comparison offer good overall value and have formed thousands of businesses, we think MyCorporation is the better option. However, in the larger picture, neither of these LLC services is our top pick. We highly recommend checking out our list of the top LLC services to see which is the best option available.
Frequently Asked Questions
Got questions? We’ve got answers.
If I Decide to Use MyCorporation, Which Package Should I Choose?
We’re torn when it comes to which one of their packages we prefer, and it likely comes down to the unique needs of your business.
MyCorporation’s Standard package for $133 (plus state fee) provides LLC formation and a year of their industry-best annual report service. Their $258 Deluxe package adds a full year of registered agent service to the Standard package.
Does MyCorporation Handle Extra State Requirements Like New York Publication?
Some of their competitors offer assistance with state-specific compliance requirements like publication, but MyCorporation does not. It’s an unfortunate drawback to their service offerings. If you want a company to handle this process on your behalf, we recommend either ZenBusiness or BizFilings.
Which Service Has Fewer Upsells?
MyCorporation does have some additional services on their LLC formation order form, but they’re not pushy about them at all, and most of them are things you might actually want, rather than unnecessary fluff.
Incorporate.com, on the other hand, will stop at nothing to get you to purchase their rather expensive registered agent service. In fact, there are a couple of features listed on their LLC formation service package select screen that aren’t even included with any of their packages. The annual report service and access to their online compliance tool are only available to registered agent customers, so it’s rather underhanded that they advertise them as part of their formation service.
Do These Services Share My Information With Third Parties?
This category is a big advantage for Incorporate.com, as they don’t have any “free extras” or “special offers” intended to get customers to let them share your personal info with third-party partners.
On the other hand, MyCorporation absolutely piles them on, to the point where they’re one of the main reasons we even include this question in our FAQ sections.
MyCorporation pushes third-party partnership offers for credit cards, business insurance, startup business financing, free domain names, custom logo design, and payroll processing. Just to be clear, all of these services involve MyCorporation sharing your info with other business entities.
Does Either of These Services Have a Refund Policy?
MyCorporation provides refunds as long as you request it within 60 days of placing your initial order. Depending on which services you purchased, they may also have a $25 processing fee.
As for Incorporate.com, the phrasing of their refund policy is downright obtuse, to the point where we’re not even certain if they provide refunds at all, in any situation.
Here’s how they describe it in their own words: “If you cancel your order before we have submitted it to a federal, state, or local office, Incorporate.com will refund the total amount paid for such order less a service fee. If you cancel your order after we have already submitted it, we will use our discretion to determine what portion, if any, we will refund.”
Which LLC Formation Website Is Faster?
There’s not much difference between MyCorporation and Incorporate.com when it comes to filing times. That’s because they both base their turnaround estimates on how quickly each state can process LLC formation orders.
One company or the other might have a slight advantage in a few states, but for the most part, this category won’t make much difference to the vast majority of our readers.
Can I Just Form an LLC On My Own, Without a Service?
You do always have this option, and thousands of entrepreneurs do form their own LLCs each year.
Still, we’re not huge fans of the DIY route, because each state has its own requirements for LLC formations. That means that you’ll have to learn the intricacies of your specific state’s rules and regulations, as there is no one-size-fits-all way to form an LLC in America.
Furthermore, the DIY route doesn’t provide the same level of peace of mind that we get from companies like MyCorporation and Incorporate.com, because they’re true experts who do this type of work every day.