- Complete set of features
- Ease of use
- Financial services add-ons
- Multiplatform customer service
- Helpful charts & quizzes
- Unclear turnaround times
Incorporating your business can be an unpleasant and time-consuming experience; that’s why having a reliable service that takes on the hassle of completing all the necessary documents can seem like a godsend. Founded in 1998, California-based MyCorporation is one of the leading document-filing services in the U.S. and has been helping owners with the process of business formation for over two decades. Its trustworthy professionals and wide range of features make it a smart choice for anyone seeking to create and maintain a legitimate business, regardless of the field. Although its strong points are incorporation and limited liability company (LLC) services, MyCorporation’s areas of expertise don’t end there: it also offers trademark searches and applications, copyright registrations, DBA registrations, and much more. However, since it’s not the cheapest option out there, purchasing this software is a big commitment. Thankfully, you get a risk-free 60-day refund to see if MyCorporation lives up to your standards.
It can be daunting to choose from such a plethora of different entities when forming a business – from sole, general, or limited partnerships, to LLCs, non-profit, and other types of corporations. MyCorporation understands the importance of making the right choice and shows the advantages and disadvantages of each option in a handy comparison chart. Additionally, users can answer a quick quiz for further guidance on the subject.
From there, placing an order is convenient and straightforward, involving a considerably faster process than that of its competitors: it only takes a few minutes to get to the final page of the application form. Here, you choose your plan and everything is laid out in a user-friendly manner, with full explanations of all the different fields. Along with the essential features – and state fees – that are included in the plans, MyCorporation lets customers add optional services at the checkout at an additional cost, providing you with a more comprehensive starter package. Once you’ve built your plan, the completion process is estimated to take from a few days to six weeks, depending on your state. Unfortunately, the company doesn’t give precise details of the whole process, leaving its customers in the dark. Even though one of the optional paid services speeds up the process by 85%, it would be good if MyCorporation was more explicit about turnaround times.
MyCorporation shines when it comes to filing your formation paperwork as well as offering all the necessary tools. No matter the plan, the company will check the availability of your business name and provide all essential documents and articles to establish your business, as well as a vault to safely store them all in one place. Furthermore, more expensive plans include annual reports to the state regarding business activities, locations, and contacts. Also, having a registered agent service is extremely useful for any business since it acts as a point of contact for the federal government and ensures compliance. Plus, it’s a great way to deal with critical mail and protect against potential lawsuits.
As previously mentioned, there are quite a few add-ons to choose from at the website’s checkout. On top of the option for a faster turnaround, MyCorporation offers some tax management tools to deal with State Unemployment Insurance (SUI), State Income Tax (SIT), and Sales and Use Tax (SUT) filings, as well as Employer Identification Numbers (EINs). Moreover, the DIY logo maker, labor law posters, official seal and embosser, and embossed binder can be used to further enhance your business’s image.
All in all, MyCorporation takes good care of the launching process, granting customers access to a remarkable set of business formation services. With guidance from trained professionals along the way, owners will surely start their corporate journey full of confidence.
Besides doing a great job setting up your business, MyCorporation also provides some neat services to help keep your company in good shape. Along with the already mentioned registered agent, customers can enjoy the unique and exclusive feature, MaintainMyBiz. This is a flexible maintenance package that helps owners manage their future by choosing four out of a possible 16 filing options. This list includes the likes of ‘doing business as’ (DBA) registrations – meaning the creation of a fictitious business name – amendments, and certificates of good standing. This feature is good value for companies that require four filings per year, as it offers some much-needed flexibility.
Payroll management is another handy service offered by MyCorporation, although it comes via a customizable quote. Considering payroll gets more challenging as the number of employees increases, every business has to eventually turn to a third-party service. Besides saving precious time, it ensures greater employee-payment accuracy, tax compliance, and data security, thus improving your company’s money flow.
Lastly, for owners struggling to deal with all the necessary licenses, there’s a business license compliance package, available at extra cost. Since the type of required license changes according to the business activity, industry and state where they’re based, it’s understandable why employers might feel lost. To avoid any confusion, MyCorporation offers to analyze your company’s structure to make sure you stay compliant with regulators.
Trademark and Copyright Protection
As if MyCorporation’s range of services wasn’t impressive enough, the company also protects customers against any sort of infringement of trademark – regarding names of businesses, products, and services – or copyright – regarding photographs, scripts, or even songs. In other words, the former refers to brand property, while the latter is for original works of art, helping creatives publish and profit from their work. If this is still unclear, the company’s in-depth comparison between the two concepts is enough to enlighten even the most novice user. By registering a copyright, you create a public record of your work, and if anyone infringes upon your intellectual property, U.S. laws will back you up. Being a separate service, this protection comes at an additional cost and requires a request form but, once again, MyCorporation handles all the necessary paperwork for you.
Although MyCorporation offers an impressive set of tools, its prices can be overwhelming if you add optional services on top of the initial one-off payment. The Basic plan starts at $99 and offers only the essential features, followed by Standard at $124 that adds the annual report to the mix. Unfortunately, neither comes with one of the most useful and time-saving features: the registered agent service. This is only available in the Deluxe or Premium plans – the latter also comes with MaintainMyBiz, a maintenance package for corporations and LLCs.
Be aware that every plan comes with variable state fees that change depending on your location and the type of entity chosen. Additionally, the company allows you to add more services (Rush Filing, Logo Maker, License Compliance, etc.) that are not cheap and further hike the overall cost. These conditions can quickly turn a reasonable price into a hefty amount, which is why we recommend going for the more expensive and complete plans, which already include those features that would cost up to $244 extra if added separately.
On the bright side, MyCorporation has a 60-day refund policy, during which the company will reimburse you in full if it can’t resolve your issue. After this period, the company will only refund state filing fees for orders placed on hold by the customer for longer than three months.
MyCorporation provides well-rounded customer support through all possible channels. Firstly, there is a learning center with a detailed FAQ page and helpful guides, and if you want to get in touch with a professional, there are various options available: either fill out the contact form, phone the company directly, or start a live chat – both available Monday to Friday, from 7:30 a.m. to 4:30 p.m. PST. When emailing the company, getting a reply took about a day, which is decent. However, there were some communication issues, as, despite our repeated emails on the same topic, we got the same standard response each time.
The company is also reachable on all social media platforms, although these are primarily used for sharing news and articles. As a pleasant addition, the CEO of MyCorporation encourages users to contact her directly on Twitter. Lastly, you can check MyCorporation’s regularly updated blog or YouTube page, which is rich in webinars and handy tutorials.
We won’t hide that MyCorporation’s turnaround times could be more transparent and that the high price is a significant downside to the service, as there are considerably cheaper alternatives on the market. However, you’ll undoubtedly get tons of value for your money, considering it’s hard to find a service as thorough and intuitive as MyCorporation. Its trained professionals and trustworthy experts do an excellent job helping users set up and run their business online, whether they’re looking to form a non-profit, LLC, or any other type of corporation. In addition to the standard document filing and compliance efficiency, unique features like the annual report and the maintenance package MaintainMyBiz set the company apart from its competitors. Given the helpful charts, decent customer service, and enviable reputation, there are more than enough reasons to completely trust this service.