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      November 21, 2019

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My Corporation vs Biz Filings

Best LLC Formation Services

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

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

2019

LLC Formation Reviews

3.5 stars
My Corporation

MY CORPORATION Visit Site

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.

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.

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.

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.

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.

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.

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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3 stars
Biz Filings

BIZ FILINGS Visit Site

Cost:

From $99 to $424, based on the selected package and state of LLC formation

Biz Filings was created by a team of entrepreneurs who wanted to make it easy and affordable for small business owners to fully establish their companies through LLC formation and/or incorporation. So far, they're doing a good job of it - as evidenced by an "A+" rating and accreditation with the Better Business Bureau. On the other hand, Biz Filings doesn't seem to be completing the same volume of LLC formations as some of their competitors; there were very few reviews - positive or negative - from clients, especially over the last year.

However, we think that prospective clients will appreciate Biz Filings' efforts to give them everything they need to know, to make decisions about how to form their business. Using their Incorporation Wizard on the main page, you'll be asked several questions that can help you determine if forming an LLC is the right step for your business. You'll also have access to other tools, like determining if the name you want for your LLC is available.

When creating an LLC through Biz Filings, customers have three packages to consider. All of their packages include Business Name Verification, preparation and filing of all documents, and 6 months of Registered Agent Service. That last benefit alone could easily be worth $600 or more, when looking at what other LLC formation services charge. You also have access to the BizComply online dashboard, which helps you track any required deadlines for document filing and compliance, plus a document library with resources for more in-depth topics regarding LLC creation.

Unlike some services, Biz Filings' fees are very dependent on the state in which you form your LLC. You can expect costs ranging from $99 to $174 for their Basic plan, $200 to $300 for the Standard package, and $250 to $425 for the Complete package. Here's what you get with each level of service:

  • Basic: This package creates your business within your state. It includes the minimum level of services as described above (such as 6 months of Registered Agent Services, Business Name Verification, etc.). You can get additional services a la carte, like Customizable LLC Forms and an LLC Kit & Seal. If you need extra services, however, you'll probably save money by purchasing the Standard or Complete plans which include many of those add-ons.
  • Standard: This service level gives you all of the features of the Basic plan and adds on expedited processing, the LLC Kit & Seal, and customizable LLC Forms. Those added benefits may not be worth the extra cost; in most states, you'll spend $80 to $90 more for the Standard plan, compared with the Basic package.
  • Complete: The top-tier package includes all of the services of Basic and Standard and adds a compliance DVD, obtainment of your Federal Tax ID (EIN), a certified copy of state-filed documents and state ID tax form (if applicable in your state), as well as overnight shipping. This is usually the best deal, with a $20 difference between Standard and Complete in most states.

After you've selected your package, you'll also have to sort through a long list of extra service options, like website builders and coupons for office phone systems. This makes Biz Filings seem less professional, because it gives the impression that they are focused on promoting their third-party partners and not necessarily on what you need when forming your LLC.

In general, you'll get some perks from Biz Filings that you won't find when forming an LLC with other providers, like the complimentary 6 months of Registered Agent Service. But, their two lowest-priced packages give you less for your money when compared with some of the higher-ranked services we reviewed. We encourage you to do the research to determine if Biz Filings works for your particular needs, especially with respect to your state of LLC formation.

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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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