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      August 12, 2020

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FileNow vs My Corporation

Best LLC Formation Services

To help you find the Best LLC Formation Services, TopConsumerReviews.com provides you with an in-depth comparison of FileNow and My Corporation.

To see ALL of our reviews for the Best LLC Formation Services, please Click Here

Who is the best LLC Creation Company? If you're self-employed, the next step in growing your business while covering your assets is probably forming an LLC. Creating an LLC is often seen as a good move for people who want to limit their liability without the cumbersome paperwork and regulations of a corporation.

No matter where your business is located, you'll typically need to register your company name and file documentation with the state, along with having accurate, complete Articles of Organization. Other requirements depend on the specific legal statutes governing businesses in your state. An online LLC Creation company can greatly help faciliate this process.

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Best Reviews

2020

LLC Formation Reviews

4 stars
FileNow

FILENOW

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Cost:

From $49 to $149 plus applicable state fees

Filenow was created by a team of tax experts, lawyers, entrepreneurs and business professionals with ample background in everything needed to create a new company. This service aims to make it seamless and simple to form an LLC, minimizing both hassle and expense in the process.

2 LLC formation packages

Filenow offers two primary packages for LLC Formation:

  • Starter ($49 plus state fees): this entry-level package gives you 24-hour order processing, 1 year of registered agent services (a $119 value in itself), free EIN/Tax ID, FedEx shipping, plus phone and email support
  • Premium ($149 plus state fees): the top-tier package includes everything from the Starter plan, as well as a company kit and a banking resolution (valued at $99 and $30, respectively)

State fees

If you enter the state where you'll be creating the LLC, you'll automatically see the state fees to expect with your purchase.

Best LLC Formation Company

Discount offer

At the time of our most recent visit to the Filenow site, we spotted a pop-up offer with a 15% discount on their company formation services - in exchange for entering our name and email address. The code was valid for one week from the time we visited the website.

Easy online form

The process of LLC formation is extremely straightforward, with Filenow's easy online form walking you through everything necessary to get your LLC in place. We particularly appreciate the ability to skip any section, save our progress, and return later. During the question-and-answer process, you'll also get the opportunity to purchase an Operating Agreement for an additional $25.

Help 24/7

If you're even slightly hesitant about the steps needed for creating your LLC, rest assured that Filenow offers 24/7 live, personalized help via phone and email, along with live chat on the site during selected business hours.

Money back guarantee

Filenow offers a 100% money-back guarantee. If your LLC application is denied due to negligence or errors on any document prepared with their service, you'll get a full refund of any service fees you paid.

Young company

The only drawbacks we could find with Filenow, compared with similar providers available today, is that the service has only been in business for a short time - and because of that, there's much less client feedback available. We're reassured by Filenow's "A" rating and accreditation by the Better Business Bureau, however, as well as the 50+ five-star reviews from people who have used the service for their business formation needs. Compliments described Filenow's LLC process as being easy, fast and intuitive, with polite and knowledgeable help from company reps when needed.

Solid choice

Despite being the proverbial new kid on the block, we think Filenow is a solid option for LLC formation services. Affordable and fast, and backed by a great satisfaction guarantee, this service can create your LLC with just a few minutes of your time.

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3.5 stars
My Corporation

MY CORPORATION

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Cost:

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

For over two decades, My Corporation has been helping small businesses get their start. Given that their tagline is "Entrepreneurs welcome", it's easy to see that this California-based LLC formation service is focused on the needs of growing companies.

Free startup consultation

One perk offered by My Corporation is a Free Startup Consultation. If you want some guidance in identifying your business goals and the best steps to take to reach them, this is a great way to get a feel for how My Corporation can help you - at no cost to you. You'll find the "Free Startup Consultation" button featured throughout the site; enter your information there and you'll soon be connected with a representative.

Free entity wizard

Alternately, if you like to get information on your own before you speak with a rep, look further down on the site to find the Free Entity Wizard and Comparison Chart tools. This will help you determine if forming an LLC is the right next step for your business.

Best LLC Formation Company

4 LLC packages

My Corporation offers four packages of service: Basic, Standard, Deluxe, and Premium. All packages also include free online accounting, free domain name, and a custom business logo.

  • The Basic plan is priced at $89; you'll get your Articles of Incorporation, Business Documents, and Business Name Check.
  • The Standard package costs $99 and includes your Annual Report.
  • For $199, the Deluxe plan also includes a year of Registered Agent Service. You'll pay $120/year after the first years' service.
  • At $299, 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.

Extras available

All of My Corporation's other features can be included at an extra cost. For example, you may want to have them apply for your Employer Identification Number (EIN), or to use their MyCorp Vault Document Storage to keep all of your business documents in one location. We like that small businesses can decide exactly which additional services they need and not have to pay for ones that aren't relevant (such as a seal and embosser set). But, when looking at their packages, My Corporation's "extras" are often included with competitor plans, especially with the higher-priced tiers of service.

Not many reviews

Reputation-wise, My Corporation had an "A+" rating with the Better Business Bureau at the time of our review. We expected to find lots of customer reviews, since this service has been helping "over one million businesses form and grow" in the last two decades. While most of the client comments we found were positive - praising My Corporation's outstanding customer service during LLC formation and the support phase afterwards - there weren't very many reviews to be found.

Trustworthy option

Overall, though, My Corporation provides a solid range of services for creating an LLC and a positive reputation. We think they're a trustworthy option for small businesses who only want to pay for the LLC formation services they actually need.

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Continued from above

In the past, navigating those state-specific obligations to form an LLC was both expensive and time-consuming: finding a local lawyer with expertise in the field and paying hefty fees to get everything done correctly. Fortunately, today's small business owners have access to much more affordable options online. These services offer all of the same benefits, accuracy, and legal standing that you'd expect from working in person with an attorney. You can get as much or as little direction as you need to complete each step required for LLC formation, depending on which service you choose.

Which provider should you choose to help in forming your LLC? Not all services are the same, so when comparing what each one has to offer, keep in mind these important factors:

  • Reputation. How many small businesses have been served by the provider? What do former clients say about their experience in forming an LLC with them? Is the company rated and/or accredited by the Better Business Bureau?
  • Cost. What will you be charged to form your LLC? Are their different packages available? Are there a lot of add-on services that will increase your cost? Do you get a good value for what you pay?
  • Services. Does the company offer a wide range of services, or do they take a one-size-fits-all approach? Will the service give you one-on-one help if you need it? How much are you expected to do on your own?

TopConsumerReviews.com has reviewed and ranked the best LLC Formation Companies available today. We hope this information helps you create your LLC quickly and affordably!

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