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      April 4, 2020

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My Corporation vs Incorporate

Best Company Incorporation Services

To help you find the Best Company Incorporation, TopConsumerReviews.com provides you with an in-depth comparison of My Corporation and Incorporate.

To see ALL of our reviews for the Best Company Incorporation, please Click Here

Who has the best Company Incorporation Service? Are you a small business owner looking to protect yourself by separating your business from your personal assets? Or maybe you're a freelancer who wants to grow from a sole proprietorship to an agency, and you'd like to have the legal and brand benefits that come from adding "Inc." to your business' name?

Company Incorporation is a common strategy used in these situations - and many others - as business owners seek to take the next steps in growing their brand and protecting their assets. Setting up your business as a corporation can provide many benefits through creating a legal entity that is separate from its members: in other words, you can't be held legally responsible as an individual for the debts of your business.

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Best Reviews

2020

Company Incorporation Reviews

3.5 stars
My Corporation

MY CORPORATION

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Cost:

From $89 to $299, depending on the level of service selected

MyCorporation loves to help small businesses get started; what else would you expect from a service whose tagline is "Entrepreneurs welcome"? Based in California, this company incorporation service has been around for more than 20 years.

Although they are not accredited by the BBB, MyCorporation did have an A+ rating there at the time of our review. In the customer comments we found on other third-party sites, most clients report receiving excellent customer service, both during the initial order placement steps as well as throughout the process of incorporation and needed support afterwards. We didn't find nearly as many customer reviews as we would expect from a company that has helped "over one million businesses form and grow" since 1995.

One of the first things that we liked about working with MyCorporation was the free consultation. If you need help identifying your goals and want some guidance with the appropriate next steps to move your business forward, you'll definitely want to take advantage of this complimentary service; click on the "Free Startup Consultation" button and enter your information, and you'll be connected with a representative.

On the other hand, if you'd rather take a DIY approach before connecting with MyCorporation, scroll down and take a look at the Free Entity Wizard or Comparison Chart. These will help you figure out what type of corporation best fits your business needs.

MyCorporation's packages start at $89 with the Basic level of service. For this low fee, you'll get your Articles of Incorporation, Business Documents, and Business Name Check. All packages also include free online accounting, free domain name, and a custom business logo.

The Standard package costs $99 and adds your Annual Report.

At a price of $199, the Deluxe plan also includes a year of Registered Agent Service.

Finally, the highest service level is MyCorporation's Premium package. This includes their MaintainMyBiz service, which includes any four business filings per year and is considered a corporate maintenance package, not just what's required to get your company incorporated.

Beyond those features listed, everything else that MyCorporation offers can be added a la carte. Some of these additional services include Rush Filing, Customized Corporate Minutes and Bylaws, and MyCorp Vault Document Storage. Although we like the idea that business owners only have to pay for the services they really need - does anyone actually use a seal and embosser set? - it seemed that MyCorporation charges extra for services that many of their competitors include with their packages, particularly on the higher end of the price spectrum.

But, overall, MyCorporation offers a good spectrum of services and has a very positive reputation, and we feel confident recommending them particularly to small business owners who like knowing that they'll only pay for the company incorporation services they genuinely need.

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3 stars
Incorporate

INCORPORATE

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Cost:

From $99 to $349, depending on the selected package

Although they've existed under several names in their company history which spans more than a century, Incorporate has helped more than 750,000 corporations and LLCs to file all of the necessary paperwork to successfully form their businesses and stay in compliance with all legal requirements. You may be familiar with their previous names of The Company Corporation and Corporation Service Company (CSC).

Although they don't feature it very prominently on their site, Incorporate does offer a Startup/Business Formation Wizard that may help you determine what corporation structure is best for your current business needs. We found that tool at the bottom of the main page and in their Learning Center, and the questions were very easy to answer. Otherwise, you can get help by contacting their customer service department, either via toll-free number or live chat, from 8A-8P ET every weekday.

Incorporate tends to be priced higher than many of the company incorporation services in our review. Here's what you'll get from their three packages:

  • The Starter: for $99, you'll get completion and filing of formation documents, $75,000 Corporate Compliance Guarantee and online access to company documents. If you opt in to their Registered Agent Service for $235/year, you'll also get their access to their CSCNavigator online tool.
  • The Essentials: priced at $249, this package includes everything from the Starter. You'll also get a Compliance Kit and company seal (with free shipping), a Federal Employer Identification Number (EIN), and Annual Report Preparation/Filing. You'll also need to choose Incorporate as your registered agent to get that last service.
  • The Works: you'll pay $349 to get all the features of The Starter and The Essentials, plus a Business License Compliance Package, Bylaws, and the Corporate Records Handbook.

Just looking at their Registered Agent Service alone, you'll see where Incorporate starts to fall short when compared with their competitors: many offer this free for the first year of incorporation, and even those that charge for it typically have fees of less than $100 per year. Given that you're expected to pay those agent fees from year to year, that cost difference could really add up over time - especially if you're like some of the business owners we've found (across company incorporation services, not just Incorporate) who forget that they are expected to pay this fee and then write nasty complaints blaming the provider for charging them.

Their package prices described above are also higher and less robust than what we found with other company incorporation services.

We like the idea of working with a provider that has not just decades but centuries of experience with helping businesses of all types to easily and legally incorporate. And, as you'd expect with longstanding company, their reputation with the BBB is solid: an A+ rating at the time of our review. But, "established" isn't always the best choice when there are other companies providing the same level of quality service for more affordable prices. We give Incorporate a 3-star rating and hope to see them become more competitive in the packages and prices they offer.

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Continued from above

There are several different types of corporate entities that business owners use for these purposes - Limited Liability Companies (LLCs), S-Corporations, C-Corporations, Non-Profit Corporations, and so on. The best way to choose the right corporation type for your business and also get it put into place in the most affordable way possible is to work with a Company Incorporation service. These providers offer the same guidance, document preparation assistance, and filing help as you would receive by meeting with a local attorney, but for fees that can often be thousands of dollars less.

As you consider the various Company Incorporation services currently available, you will want to keep several criteria in mind:

  • Services. What is included in the fees you'll pay? Most providers have several levels of incorporation packages, from basic to full-featured. Can you get all of the add-ons you might need, like filing your Articles of Incorporation with your state?
  • Cost. What will you pay for your company incorporation process? Is it a flat-fee, or are there a lot of extra charges? Bear in mind that every state has filing fees that are independent of the incorporation service.
  • Reputation. How many companies has the service incorporated? What do those clients have to say about the ease or difficulty of working with the provider to get everything prepared and filed? Does the incorporation service have a history of satisfied customers?

TopConsumerReviews.com has reviewed and ranked the best Company Incorporation services currently available. We hope this information helps you incorporate your business right away!

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