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      November 24, 2020

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Incfile 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 Incfile 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

5 stars
Incfile

INCFILE

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Cost:

From $49 to $299, depending on selected level of service

TopConsumerReviews.com Best-In-Class Blue Ribbon Award Incfile has helped with more than 150,000 company formations since 2004. Their reputation is nearly flawless, with an "A+" rating at the Better Business Bureau and thousands of independently-verified 5-star reviews. Their LLC formation services are the lowest priced in the industry, but you won't find any compromises when it comes to quality or range of services.

We were stunned

When comparing with competitors, we were stunned at how much is included with Incfile's LLC Creation packages, even at the most basic levels of service.

Silver package

All of their LLC formation plans, including their entry-level Silver package, include these features:

  • Lifetime customer support via phone and/or email
  • First year of registered agent service (then $99/year thereafter)
  • Online access to all organization documents
  • Unlimited name availability searches
  • Preparation/filing of Articles of Organization, State Business License, and Initial Annual Report
  • Statement and Resignation of the Organizer
  • Activation of Google AdWords
  • Next business day processing
  • Lifetime company alerts

That's right: you get all of these with Incfile's lowest priced Silver package at $49.

Gold package

For $149, you can get their Gold package, which includes these additional services:

  • Employer Identification Number (EIN)
  • Operating Agreement
  • Banking Resolution
  • Customized LLC kit: professional binder in a matching slip case, customized with your business name on the insert; embossing seal
  • Free express shipping with tracking number

Platinum package

Last, the $299 Platinum package gives you all of the benefits of the first two service levels, with these add-ons:

  • Business contract templates
  • Business website and domain name
  • Expedited, one business day state filing time

No surprises

We appreciate the transparency of Incfile's pricing: you won't have any surprises or hidden costs as you go through the process of creating your LLC. They offer that clarity with their fees and those that you'll pay to the state where you're filing your LLC. Some services keep those details in very small print, but Incfile prides itself on making sure you are fully aware of what it will cost to form your LLC.

Best LLC Formation Company

State compliance requirements

You'll see more of this openness when it comes to your state's ongoing compliance requirements, which are clearly listed below your three package options. At a glance, you can see how often you'll need to turn in your report (typically every year), when it's due, what your filing fees will be, and any other important details that apply to your state.

Fast help

Still have questions? Whether you're at the beginning of the LLC formation process or already finished with having your paperwork filed, Incfile is available from 9A-7P CST through their toll-free number or via email. Customers have said that the answers they've gotten were very helpful and specific to their situation, not just the typical form/template responses that are frequently sent by other services.

Knowledgeable support

For the fastest possible response, Incfile recommends that you use the messaging tool in the bottom right corner of every page on the site. Because business formation is the only service provided by Incfile, and most of their representatives have worked there since the company's beginnings in 2003, you'll get extremely knowledgeable help when you need it - no matter whether you choose to call, email, or use live chat.

Highest rating

When you're ready to create your LLC, Incfile should be at the top of your list. They offer full-featured services at the most affordable prices on the market. Thousands of happy customers are proof that Incfile keeps its promises to deliver helpful, knowledgeable assistance with every LLC formation package they offer. For LLC Formation services, Incfile earns our highest rating.

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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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