Do you need to form a limited liability company, but you don’t want to bother with the hassles of forming your own LLC?
In this ZenBusiness vs MyCorporation comparison guide, you’ll find all the relevant information about these two reputable service providers organized in a convenient manner. Let’s find out which one is the right choice for your LLC!
What Does Good Value Look Like?
Before we dive into this comparison of ZenBusiness and MyCorporation, let’s briefly talk about what a good value for an LLC formation service looks like. While there are a lot of services like LegalZoom that charge $99+ to form an LLC, there are a few services that’ll create an LLC for far less — and still include great features.
ZenBusiness is one of these good deals. In fact, they’re one of the best available. Even amongst its popular alternatives.
6 Things They Have in Common
- Affordable: With either ZenBusiness or MyCorporation, you’ll save a significant amount of money on your LLC formation compared to hiring a business attorney to handle your formation process.
- Great Customer Feedback: With hundreds of reviews available online, both of these companies receive high average rating scores for their customer feedback, which indicates an excellent level of client satisfaction.
- Efficiency: With either ZenBusiness or MyCorporation, you’re getting a service provider that’s capable of processing an LLC formation quickly. If you’re in a hurry, they both have options available that can speed up your formation.
- Additional Services: Both MyCorporation and ZenBusiness have many other services that they can provide to your business, from registered agent to annual report service and much more.
- Customer Support: These two services both have customer support networks that can answer your tough questions. Why go it alone when you can get help from ZenBusiness or MyCorporation?
- Informative: MyCorporation has a Learning Center that’s packed with info about business entity types, business licensing, and more. As for ZenBusiness, they have a blog where they share business tips and tricks. Both are excellent resources whether you’re a customer or not.
Side by Side Comparisons
Both the ZenBusiness Starter ($39) and MyCorporation Basic ($133) packages include the essentials of LLC formation: a business name availability check, and the preparation and filing of your articles of organization. The difference (and it’s a big one) is that ZenBusiness also includes free registered agent service and customizable operating agreement at this price point.
MyCorporation has helped over one million companies with business services since they opened in 1998, making them one of the most experienced LLC services available. By contrast, ZenBusiness is a more recent addition to the industry, as they were founded in 2015, but they’ve formed thousands of businesses in just a few years.
ZenBusiness provides customer support from 10am to 7pm ET on weekdays. For their first few years in operation, ZenBusiness only offered access to their service department through their web-based chat portal. Thankfully, they recently overhauled this aspect of their service, and you can now contact them via phone or email as well.
MyCorporation has an extra hour of availability each day (10am to 8pm ET), and they also offer support via phone, email, or web chat. In our experience, both of these companies have responsive support teams that really know their stuff.
ZenBusiness bases processing times on which level of LLC formation service package you purchase from them, although they mention that in some states, their formation speeds may be either faster or slower than these estimates. They have a 3-4 week turnaround time with the Starter package, which you can cut down to 1-2 weeks with the Pro package, and 3-5 days with the Premium package.
MyCorporation’s turnaround times are based on the requirements of your formation state. Depending on which state you’re forming your LLC in, your turnaround times could be anywhere from a couple days all the way up to several weeks.
Both of these service providers have order tracking tools available on their websites. Simply log into your account and you’ll find your order status in your profile.
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.
ZenBusiness includes registered agent service with all of their LLC formation packages, and this service costs $110 per year if ordered separately. MyCorporation does not include registered agent with their $133 Basic or $158 Standard package ― only their $258 Deluxe and $358 Premium packages include this feature. They charge a $120 annual fee for registered agent, which is just slightly higher than the rate ZenBusiness charges.
ZenBusiness excels when it comes to customer feedback, as they have over 900 reviews available online, and nearly all of them are positive. Their clients are clearly satisfied with their services, and they frequently praise their efficiency, along with the general ease of use provided by their platform.
Similarly, MyCorporation has about 400 reviews online, and they also maintain excellent rating scores. Their customers enjoy MyCorporation’s quick processing times and high-quality customer support.
Ease of Use
Both of these services make the formation process far simpler than it is to DIY an LLC formation. We will give a slight edge to MyCorporation in this category though, because their website is more intuitive and user-friendly than the ZenBusiness site.
Which Is the Best LLC Service for You?
ZenBusiness and MyCorporation are two great LLC formation services. Both of these companies have their own set of advantages over the other, but overall we think ZenBusiness is the ideal option for most entrepreneurs.
Most importantly, ZenBusiness offers an LLC formation package that costs just $39, compared to MyCorporation’s $133 entry-level price point after (shipping/handling). Plus, ZenBusiness includes registered agent service with all of their LLC service packages, whereas MyCorporation only includes this feature if you purchase their $258 Deluxe or $358 Premium packages.
However, if you’re still undecided between the two incorporation services, let’s look at a couple scenarios that might help you figure out which provider to use.
➥ Choose ZenBusiness if You Are:
Are you looking for the lowest possible price point for LLC formation service that also includes excellent features? ZenBusiness is clearly your best option.
➦ Choose MyCorporation if You Are:
Is experience a major factor for you? Would you rather use a company that bases your formation speeds on state capabilities, instead of which packages you choose? These are two good reasons to choose MyCorporation.
Overall, while both are good LLC services, we recommend ZenBusiness. They simply offer more overall value and more affordable prices. If you’d like to do a little more research and see how they stack up to the most well-known service, check out our comparison of LegalZoom vs ZenBusiness.
Frequently Asked Questions
Got questions? We’ve got answers.
If I Decide to Use ZenBusiness, Which Package Should I Choose?
It’s nearly impossible to find any faults with the ZenBusiness Starter plan, because it only costs $39 while including one year of registered agent service and a customizable operating agreement.
We’re also fans of their $149 Pro plan, which adds an EIN, managed annual report service, and a banking resolution.
Want to see these packages up close? Check out Zen’s pricing page.
How Does ZenBusiness Compare to Other LLC Services?
As you probably know, there are a lot of online LLC formation services. If you’d like a better idea of how ZenBusiness (the winner of this LLC service comparison review) stacks up to the most popular and top rated services, check out our comparison reviews:
Can I Just Form an LLC On My Own, Without a Service?
Absolutely! In fact, quite a few entrepreneurs use the DIY option to form their own LLCs every day. If this is something you’d like to do, check out our guide.
Which Service Has Fewer Upsells?
Both of these incorporation services have some upsells, but MyCorporation has many more of them. As you work your way through the MyCorporation order form, you’ll find upsell attempts for expedited filing, EIN acquisition, operating agreements, S corp tax election, business license application package, their corporate alerts program, LLC kit and seals, unemployment insurance, sales tax registration, and income tax withholding.
ZenBusiness has some upsells as well, and even though there are fewer of them than you’ll find with MyCorporation, the ZenBusiness upsells still add up. Their $285 worth of upsell attempts are all features that are included with their upper-tier LLC formation packages.
Are There Other Good LLC Formation Services Out There?
While ZenBusiness and MyCorporation both have a lot of positives, two other great options are IncFile and Northwest Registered Agent.
Both of these service providers include a full year of registered agent service with all of their LLC formation packages, which for IncFile start at $0 and for Northwest start at $79. Other than that, IncFile’s best attribute is their fabulous customer feedback reputation, with thousands of positive reviews all over the web.
As for Northwest, they’re the only major national service provider that locally scans every document they receive as your registered agent, whereas most competitors only scan the government docs that they’re legally required to.
Do Either Help With New York Publication?
Yes, ZenBusiness does. They’re one of a handful of business formation companies that offer to handle state-specific compliance requirements like publication. If you want more information, take a look at their description of the New York publication service offer on their website.
Do Either of These Services Have a Refund Policy?
Here’s what ZenBusiness says about their policy: “Once ZenBusiness has submitted your business for filing with the State under no circumstances can you charge-back or dispute the fees associated with forming your business. If you contact ZenBusiness before your business has been submitted for filing with the State, ZenBusiness may refund the charge, less a $50 cancellation fee, if certain conditions are met.”
As for MyCorporation, they have a few different tiers of refund availability. If you request a refund before they’ve done any work on your formation, they’ll provide it less a $25 processing fee. If you make your request after they’ve started working, but before they submit it to your state, that’s a $50 fee. Once they’ve submitted paperwork to the state, the refund window is closed.
Which LLC Formation Website Is Faster?
Like most other companies in this industry, MyCorporation bases their turnaround times on the processing speeds of each state. In some states, this could be as quick as a couple days, and in others it could take several weeks.
ZenBusiness has a different perspective on turnaround times, and depending on your state they could be either significantly faster or slower than MyCorporation. This is because their processing speeds are based on which LLC formation service package you purchase from them, although they do note that they form businesses a bit faster or slower in some states. Here’s how their turnaround times break down in general:
- Starter ($39): 3-4 weeks
- Pro ($149): 1-2 weeks
- Premium ($249): 3-5 days
Ready to Form an LLC?
Visit the winner’s website or continue your research to find the best LLC service for you.