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My Corporation Review

Monday, July 15th

2024 LLC Formation Service Reviews

My Corporation Review 3.5 Star Rating

My Corporation

3.5 Star Rating
  • 4 packages to choose from, ranging in price from $99 to $324
  • 60-day refund policy
  • "A+" rated by the BBB

MyCorporation has been assisting small businesses in launching their operations for more than 20 years. The California-based LLC formation service concentrates on catering to the requirements of brand-new and expanding companies, as evident from its tagline, "Entrepreneurs welcome."

4 packages to consider

MyCorporation has four options for LLC formation, and like most things today, prices have increased over the last few years. Here's what to expect from fees currently:

  • The Basic package is priced at $99; you'll get your Articles of Organization, Operating Agreement, Sample Business Documents, Business Name Check, and MyCorp Vault Document Storage.
  • The Standard package costs $124 and includes your Annual Report (renews annually) along with the features of Basic.
  • For $224, the Deluxe package upgrades you to include a year of Registered Agent Service. This renews annually.
  • At $324, the Premium package adds the MaintainMyBiz service, consisting of any four business filings you request each year. You could call this a "corporate maintenance package" that takes you through the creation of your LLC and keeps it running in the years to come. It also renews automatically every year.

Services can come with recurring fees

You can also add optional services at checkout, like rush filing ($100), EIN ($79), a customized Operating Agreement ($59), and so on. We didn't love that several features come with annual fees that auto-renew, but nowhere on the pricing page or during checkout does MyCorporation spell out what that will cost. We tried to use the company's live chat feature during regular business hours, to ask what those recurring fees would be, but we were told that it was closed. And it was only in the FAQs for Payment and Billing that we spotted the requirement that clients cancel in writing at least 30 days before the next renewal term.

Best LLC Formation Services

Client feedback is mostly positive

It was interesting to see how MyCorporation's feedback - even the self-proclaimed stars and ratings on their own site - varied depending on where we looked. On the LLC formation package pricing page, it was 5/5 stars out of 61 reviews, but on the home page it linked to a 4.9 out of 5 average spanning 150 reviews (though clicking there took us to only 135 ratings). Still, looking at third-party site Trustpilot, MyCorporation still fared well with a 4-star average out of five across 245 client ratings. We specifically looked at comments left regarding LLCs, and most of them were from customers who were very satisfied with the service they received. That lines up with the BBB's "A+" rating for MyCorporation as well.

Still recommended

Overall, MyCorporation is a "good enough" option for LLC formation. We caution you to be aware of those auto-renew features, especially if you're choosing a package that includes them, and make sure you keep track of not just how much you'll pay at renewal but also that 30-day-before-renewal deadline if you decide to cancel. This service gets consistent praise from the majority of its clients, and that's enough to keep MyCorporation as a recommended LLC creation company in the middle of our rankings.

Which LLC Formation Service is the Best?

LLC formation is a common way for small business owners to limit their personal liability while operating their company. A Limited Liability Company (LLC) is a hybrid business entity that combines the pass-through taxation of a partnership or sole proprietorship with the liability protection of a corporation. LLCs are a popular structure for many small businesses because they offer many of the benefits of a corporation without the same level of complexity and formality.

Forming an LLC typically involves filing articles of organization with the state in which the business will operate. Your specific process and requirements for forming an LLC may vary depending on the state where you're doing business, but it generally requires selecting a unique business name, designating a registered agent, and paying a fee. Some states may have additional requirements such as issuing an operating agreement or publishing a notice of formation in a local newspaper.

The Best LLC Formation Services Compare LLC Formation Services Compare LLC Formation Service Reviews What are the best LLC Formation Services Best LLC Formation Service Reviews

LLC Formation Service FAQ

LLC stands for "Limited Liability Company". It's one of several legally-recognized business structures in the United States.
When you change your business from a sole proprietorship or partnership to an LLC, it helps protect your personal assets from any legal actions that might be taken against your business. In other words, you won't lose your home, automobile, or savings if your company is sued.
Both incorporation and forming an LLC give you legal protection. LLCs are less complicated to create and maintain, and they're the most common structure for smaller businesses that don't plan to go public or to do business internationally.
Not necessarily. Filing fees vary by state. Also, there are a wide range of services that can help you complete the paperwork and ensure that it's done correctly. These providers' fees range from $39.99 to $799, depending on the level of service you select.
You can complete your LLC paperwork in a matter of minutes! Some providers of LLC formation services can get your application filed that same day. From there, it depends on the turnaround time in your specific state.
Absolutely! Some of the most reputable services take you from start-to-finish without ever having to print out a piece of paper or touch a document. However, other providers only give you access to the applicable forms, and you're on your own both to fill them out and to file them with your state.
You'll find a wide range of options when looking for help in forming your LLC, and most of them have a well-established history and positive reputation. Be sure to look for customer reviews and/or a good rating from the Better Business Bureau, as extra reassurance that the service you've selected is reliable.
Fortunately, most providers of LLC formation services have some kind of satisfaction guarantee. The only caveat is that any fees paid on your behalf to a third party (e.g. state filing fees) will probably not be refunded.
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Continued from above...

There are many services that can help with LLC formation for small businesses. Many of these services offer a range of options for businesses at various price points, from basic do-it-yourself kits to more comprehensive packages that may include assistance with obtaining tax identification numbers, preparing and filing annual reports, and ongoing compliance support.

Which of these services should you choose? You want to get it right the first time, and forming an LLC can be complicated. Here are some of the most important criteria you should keep in mind as you choose how to take that next step for your business:

  • Included services. What will you get when you sign up as a client? Does it include concierge-level assistance or will you be doing a lot of the legwork yourself? How personalized are the LLC formation services? Can you get one-on-one help if you need it?
  • Cost. What will you pay to access the LLC formation services? Is it a comprehensive one-time fee, or will you discover extra charges as you move through the process? Does the service offer a solid value for what you're spending to form your LLC?
  • Client feedback. What do other small business owners say about their experiences using the LLC formation service? Is there a lot of feedback to consider, or just a handful of comments (or even complaints)? Has the Better Business Bureau weighed in on the company? If so, is the service highly-rated and accredited?

Because forming an LLC can be an important step to protect your personal assets and limit your liability as a business owner, Top Consumer Reviews has evaluated and ranked today's most popular services. We're confident that our comprehensive reviews will help you choose the right provider to help you navigate the process.

Compare LLC Formation Services

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  • Bizee
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Bizee vs Inc Authority Bizee vs My Company Works Bizee vs FileNow Bizee vs Corp Net Bizee vs Swyft Filings Bizee vs Business Rocket Bizee vs My Corporation Bizee vs Nolo Bizee vs Biz Filings Bizee vs Rocket Lawyer Bizee vs Harbor Compliance Bizee vs LegalZoom Bizee vs Find Legal Forms Inc Authority vs My Company Works Inc Authority vs FileNow Inc Authority vs Corp Net Inc Authority vs Swyft Filings Inc Authority vs Business Rocket Inc Authority vs My Corporation Inc Authority vs Nolo Inc Authority vs Biz Filings Inc Authority vs Rocket Lawyer Inc Authority vs Harbor Compliance Inc Authority vs LegalZoom Inc Authority vs Find Legal Forms My Company Works vs FileNow My Company Works vs Corp Net My Company Works vs Swyft Filings My Company Works vs Business Rocket My Company Works vs My Corporation My Company Works vs Nolo My Company Works vs Biz Filings My Company Works vs Rocket Lawyer My Company Works vs Harbor Compliance My Company Works vs LegalZoom My Company Works vs Find Legal Forms FileNow vs Corp Net FileNow vs Swyft Filings FileNow vs Business Rocket FileNow vs My Corporation FileNow vs Nolo FileNow vs Biz Filings FileNow vs Rocket Lawyer FileNow vs Harbor Compliance FileNow vs LegalZoom FileNow vs Find Legal Forms Corp Net vs Swyft Filings Corp Net vs Business Rocket Corp Net vs My Corporation Corp Net vs Nolo Corp Net vs Biz Filings Corp Net vs Rocket Lawyer Corp Net vs Harbor Compliance Corp Net vs LegalZoom Corp Net vs Find Legal Forms Swyft Filings vs Business Rocket Swyft Filings vs My Corporation Swyft Filings vs Nolo Swyft Filings vs Biz Filings Swyft Filings vs Rocket Lawyer Swyft Filings vs Harbor Compliance Swyft Filings vs LegalZoom Swyft Filings vs Find Legal Forms Business Rocket vs My Corporation Business Rocket vs Nolo Business Rocket vs Biz Filings Business Rocket vs Rocket Lawyer Business Rocket vs Harbor Compliance Business Rocket vs LegalZoom Business Rocket vs Find Legal Forms My Corporation vs Nolo My Corporation vs Biz Filings My Corporation vs Rocket Lawyer My Corporation vs Harbor Compliance My Corporation vs LegalZoom My Corporation vs Find Legal Forms Nolo vs Biz Filings Nolo vs Rocket Lawyer Nolo vs Harbor Compliance Nolo vs LegalZoom Nolo vs Find Legal Forms Biz Filings vs Rocket Lawyer Biz Filings vs Harbor Compliance Biz Filings vs LegalZoom Biz Filings vs Find Legal Forms Rocket Lawyer vs Harbor Compliance Rocket Lawyer vs LegalZoom Rocket Lawyer vs Find Legal Forms Harbor Compliance vs LegalZoom Harbor Compliance vs Find Legal Forms LegalZoom vs Find Legal Forms
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