Choosing the right business formation service is a crucial decision for entrepreneurs. In this MyCorporation vs BizFilings comparison review, we’ll take a closer look at BizFilings and MyCorporation, two popular options for business formation LLC services. While both offer various package options and features, they have some key differences that are worth considering. By the end of this comparison, you’ll have a better understanding of which service is better suited, and offers the best LLC services for your business needs. Let’s dive in!
MyCorporation Vs BizFilings: Which One is the Best Deal?
Corporation and LLC Maintenance Service
4-tiered packages with expansive options
Unlimited customer support
Trademark and Copyright Filings
24/7 compliance monitor and guidance tools
LLC Business Name Verification
Support from incorporation specialists
To summarize, both BizFilings and MyCorporation have their own unique strengths and weaknesses. BizFilings offers more additional services and features as part of their formation packages, but their formation process can be confusing and their customer reviews are mixed. On the other hand, MyCorporation is easier to use and has exceptional customer service, but they do not offer essential features such as EIN registration and operating agreements as part of their packages.
Ultimately, the best choice for your business will depend on your specific needs and priorities. If you prioritize additional services and features like EIN registration and operating agreement templates, BizFilings may be the better choice for you. However, if you value exceptional customer service and a straightforward formation process, MyCorporation may be the better option.
It’s important to carefully consider the features and services that each company offers, as well as their pricing and customer reviews, before making your decision. Regardless of which formation service you choose, both BizFilings and MyCorporation are reputable and reliable options that can help you successfully form your business
MyCorporation Vs BizFilings: Common Features
MyCorporation
- Both Bizfilings and MyCorporation have similar operational processes and features.
- They both offer robust Learning Centers with valuable information for free.
- The incorporation processes with either are simple and their websites are easy to navigate.
- Both companies maintain A+ ratings on the Better Business Bureau for years.
- They both provide great support and accessibility to answer questions and concerns.
- Both companies offer money-back guarantees for customer satisfaction.
- Tracking tools are available to monitor the filing and incorporation process every step of the way.
- Affordable packages are filled with useful features to help establish and manage your business over time.
- Bizfilings uses BizComply and MyCorporation has MaintainMyBiz to keep you updated on all compliance requirements.
Product Comparison, Pricing Plans: MyCorporation vs BizFilings
MyCorporation’s pricing starts at $99 for LLC services, while BizFilings charges also $99.
In addition to LLC formation, both BizFilings and MyCorporation provide other services, which may either be bundled in their formation packages or available for separate purchase. Check out the comparison chart below for a detailed analysis of each company’s most affordable LLC formation package.
- MyCorporation vs BizFilings: Basic Plan Comparison
| Compare Section | MyCorporation | BizFilings |
| ORDER PROCESSING TIME | Standard processing and delivery, rush filing available | Standard processing and delivery based on state filing office, state rush filing available |
| REGISTERED AGENT | $120 introductory offer, then $179 per year | Free for six months, then $164 per year |
| OPERATING AGREEMENT | $59 extra | Templates for $39 extra |
| EIN REGISTRATION | $79 extra | $79 extra |
| ANNUAL COMPLIANCE | No | BizComply alerts and forms included |
| ADVISORY SERVICES | No | No |
| WEB DOMAIN & HOSTING | Free domain name offer | No |
BizFilings and MyCorporation don’t just provide LLC formation services, but also offer additional services, which are either included in their formation packages or sold separately. Both companies offer their basic formation packages at the same price point, but with some differences. BizFilings includes six months of registered agent service, while MyCorporation does not. On the other hand, MyCorporation offers additional features such as domain names and payroll processing. BizFilings offers annual filing alerts, which MyCorporation doesn’t include in their basic package.
- MyCorporation vs BizFilings: Middle Plan Comparison
| Compare Section | MyCorporation | BizFilings |
| ORDER PROCESSING TIME | Standard processing and delivery, rush filing available | Expedited processing and delivery, state rush filing available |
| REGISTERED AGENT | Included for one year, then $179 per year | Free for six months, then $164 per year |
| OPERATING AGREEMENT | $59 extra | Templates included |
| EIN REGISTRATION | $79 extra | $79 extra |
| ANNUAL COMPLIANCE | Annual report filing | BizComply alerts and forms included |
| ADVISORY SERVICES | No | No |
| WEB DOMAIN & HOSTING | Free domain name offer | No |
o provide a fair comparison, we looked at the middle package plans offered by both MyCorporation and BizFilings. MyCorporation offers a plan that is similar in price to BizFilings’ middle tier, which includes a year of registered agent service and annual report filing. On the other hand, BizFilings still only provides six months of registered agent service at this level, but also includes compliance alerts and operating agreement templates.
- MyCorporation vs BizFilings: Top Plan Comparison
| Compare Section | MyCorporation | BizFilings |
| ORDER PROCESSING TIME | Same-day processing and standard filing speed; rush filing available | Expedited processing and delivery, state rush filing available |
| REGISTERED AGENT | Included for one year, then $179 per year | Free for six months, then $164 per year |
| OPERATING AGREEMENT | $59 extra | Templates included |
| EIN REGISTRATION | $79 extra | Yes |
| ANNUAL COMPLIANCE | Annual report filing | BizComply alerts and forms included |
| ADVISORY SERVICES | No | No |
| WEB DOMAIN & HOSTING | Free domain name offer | No |
At this level, BizFilings offers EIN registration and operating agreement templates, which are not included in MyCorporation’s package. MyCorporation’s package, on the other hand, continues to provide annual report filing and a year of registered agent service.
BizFiling
MyCorporation Vs BizFilings: Rating Details And Parameters
This particular section takes an in-depth look at BizFilings VS. MyCorporation in terms of:
- Value
- Customer Support
- Ease of use
- Additional features
- Customer Reviews
MyCorporation vs BizFilings: Value
BizFilings’ pricing is competitive when compared to other formation services. Although they are not the cheapest option available, they are also not the most expensive. It’s worth noting that their lower-tier packages only come with six months of registered agent service, which is shorter than what other companies offer. However, BizFilings does provide additional features such as operating agreement templates and EIN registration on their higher-tier plans.
Similarly, MyCorporation’s formation prices are comparable to BizFilings’, but they offer fewer additional features. For example, they don’t provide operating agreement templates or EIN registration on any of their packages. Additionally, their lower-tier plans do not include registered agent service, unlike other companies that offer this service on all tiers. However, their top two packages do offer a year of registered agent service, which is double the amount that BizFilings provides.
MyCorporation vs BizFilings: Customer Support
BizFilings receives positive feedback for their customer service, including an online chat feature and phone support. They offer a warranty for filing errors and customers appreciate the company’s advice and quick resolution of mistakes.
Similarly, MyCorporation makes its representatives easily accessible through phone, email, and live chat functions. Customers report friendly and helpful support from the team, as reflected in positive online reviews.
MyCorporation vs BizFilings: Ease of use
BizFilings’ website layout is functional, but some customers may find it confusing. While their package comparison page lists every additional service, some feature descriptions can be vague, prompting customers to contact customer support for clarification.
In contrast, MyCorporation’s website is straightforward and easy to navigate. They provide clear pricing information for all available additional services on the package comparison page and at checkout. The website also labels certain additional services as “recommended” or “nice to have,” making it easier for customers to decide which services they want. Overall, MyCorporation’s website and formation process are streamlined and simple to understand.
MyCorporation vs BizFilings: Additional features
Compared to MyCorporation, BizFilings offers more included features across its package tiers. While both companies’ basic packages are similar, BizFilings’ higher-priced tiers offer more value with features like operating agreements and EIN registration. However, BizFilings only offers six months of registered agent service on all of its packages, which is less than the full year provided by many competitors. In contrast, MyCorporation’s top two tiers include a year of registered agent service, and every package except the basic package includes annual report filing.
MyCorporation vs BizFilings: Customer Reviews
MyCorporation has a strong reputation for excellent customer service, with many satisfied customers praising the support team’s helpfulness and friendliness. In addition, MyCorporation has won the Leaders Award for three consecutive years as Leader in Financial Consultancy, including the Leaders Award 2017, Leaders Award 2016, and Leaders Award 2015. Last year, Mycorporation Consultants Private Limited helped more than 2000+ startups to register their business with ease. These accolades and accomplishments make MyCorporation a reliable and trustworthy choice for those seeking business formation services.
BizFilings has received positive reviews from many customers who appreciate their customer service, including their online chat feature and phone service. Customers also praise the company’s ability to quickly fix any filing errors and offer helpful advice. These positive reviews suggest that BizFilings may be a good option for those who value responsive and reliable customer support.
MyCorporation vs BizFilings: Conclusion
Ultimately, choosing between these two companies depends on your specific needs. While both offer valuable services, we believe MyCorporation stands out as the better choice. They have a strong track record of customer satisfaction, as evidenced by their high ratings on Trustpilot. We encourage you to visit their website and get started today by clicking on the links below. Cheers!
MyCorporation Vs BizFilings (FAQs)
What are the main features and services of MyCorporation?
MyCorporation provides an annual business maintenance service, named MaintainMyBiz, for $250 per year. This service is available once you have formed an LLC or incorporated your business, and it helps you manage all the essential aspects of your newly established LLC through their business management service. You can select the necessary filings required for your business, and MyCorporation will efficiently organize and file them on your behalf. Additionally, you have the option to choose from 16 products and services or customize your package to suit your business requirements.
What are the biggest Pros and Cons of MyCorporation?
One of the significant benefits of using MyCorporation is that their managed annual report service is included in all their service packages. This feature saves you the hassle of having to manage and file your annual report independently. Additionally, the website is user-friendly and makes filing fees for business formation a breeze.
However, one drawback of using MyCorporation is their high shipping fee, especially for mailing multiple sheets of paper. This can be an inconvenience and add an extra cost to their service, particularly if you need to send documents frequently.
Does BizFilings have any refund policy?
If you decide to cancel your incorporation or formation with BizFilings before they begin processing your request, you may be eligible for a refund of part of your formation cost. However, BizFilings’ terms of use stipulate that they will keep a processing fee of either $50 or $75, depending on the package you purchased.
It’s essential to note that state filing fees paid to the government are non-refundable, regardless of whether you cancel your formation with BizFilings. This is because these fees are paid directly to the state government and cannot be refunded by the company.
How can I download an operating agreement from BizFilings?
Most of BizFiling’s competitors allow users to download documents directly from their websites, while BizFilings provides their form documents on a CD. This means that customers need to wait for the CD to arrive by mail to access the documents they need.
While some customers may appreciate having a physical copy of the documents, others may find this process inconvenient, especially if they need to access the documents urgently. Moreover, CDs can become outdated over time, and customers may need to purchase new ones if they require updated versions of the documents.
How Can I cancel a purchase with BizFilings?
If you’ve changed your mind about your order and want to cancel it, it’s crucial to contact the customer service team at BizFilings as soon as possible. You can reach them by phone at either 800-981-7183 or 608-827-5300. Alternatively, you can use this link to send a message or initiate a live chat.
