Bizee vs. MyCorporation: When you attempt to start an LLC or any sort of business in the United States, you must do it flawlessly to avoid discrepancies. A business formation service like Bizee or MyCorporation makes it easier for you as they have plenty of professional services that help you establish your business smoothly, irrespective of the state you’re in.
This page will explain a comparative guide between Bizee and MyCorporation. LLCBuddy editors, with their best possible knowledge, have come up with this comparison to ease your decision on which service to buy. Let’s dig up more on Bizee vs MyCorporation guide for the aspiring entrepreneurs around us!
Bizee vs. MyCorporation: Quick Review
Services | Bizee | MyCorporation |
---|---|---|
LLC Formation | Available | Available |
Starting Price | $0 + State filing fee | $99 + State filing fee |
Registered Agent Service | Available at $0 for a year ($119 per year from 2nd year) | Available at $120 per year |
Legal Advice | Not Available | Not Available |
EIN | Available at $70 | Available at $79 |
Operating Agreement | $40 | $59 |
Annual Report | $100 + state filing fee | $99 + state filing fee |
Attorney Service | Not available | Not available |
Website | Bizee | MyCorporation |
Review | Bizee Review | – |
Bizee vs. MyCorporation: Our Take
Bizee is one of those companies that gave thought to small-budget firms and started LLC formation at $0. The biggies followed it later on. It also offers a free registered agent service for a year. Besides, quick processing time, free lifetime compliance, and many more services make Bizee stand out. However, there are some services like EIN that can be obtained for free, but Bizee put a price tag on it. It is overall budget-friendly for basic formation services. On the other hand, MyCorporation offers not only business formation but also compliance services and other business management services. Compared to Bizee, their basic LLC formation package is expensive. Hence, choosing Bizee over MyCorporation might be better.
We prefer LLC formation packages over subscriptions or memberships. We would also prefer to go with customized packages where you can pick services and make your own package. You must have your own preferences, budget, and requirements. You can explore the best LLC services to get an overall comparison among the top-rated companies in the market.
Our main aim is to share insights into the features and prices that both these services offer. We researched the details of Bizee and MyCorporation to bring the comparison study for you.
Bizee vs. MyCorporation: Price and Packaging
This is the most crucial part you should consider before making a choice between Bizee or MyCorporation. Your requirements, your budget, the services they offer, and the price they charge should all be aligned so that you can make a smooth choice. However, the world isn’t that easy. You lose some, you gain some. If you’re looking only for the registered agent service and not the formation, you can explore the best Registered Agent services available. So, here we are with a comparative price and package study for Bizee vs MyCorporation.
Bizee Price & Package
- LLC Formation Packages start at $0 plus state fees and go up to $299. Additional services can be added with a la carte options,
- Registered agent services are free for the first year and then cost $119 per year,
- Trademark services are available at $199 + federal fees,
- Tax filing services start at $0 plus state fees and can go up to $199,
- Business Licenses and Permits start at $99,
- Certificate of Good Standing costs $49.
Add-ons by Bizee
- Employer Identification Number: $70,
- Operating agreement: $40,
- Certificate of Good Standing: $49 + State Filing Fees,
- File corporation annual report: $88 + State Filing Fees,
- Doing Business As (DBA): $99 + State Filing Fees,
- Trademark Registration: $199 + Federal Filing Fees,
- Business License Search: $99,
- Dissolution: $149 + State Filing Fees,
- S-Corp Tax Election: $50 for current LLC & $25 for current C-Corps
MyCorporation Price & Package
- LLC formation basic package starts from $99 and goes up to $324.,
- Registered Agent is available at $120 per year.,
- Annual Report is available at $99.,
- EIN can be obtained hasslefree at $79.,
- Operating Agreement is available at $59.,
- The business compliance package is available at $149.,
- The annual Auto Renew cost is $250.,
- Rush or Expedited filing costs $100 + state filing fee.
Add-ons By MyCorporation
- Rush filing – $100 + state fee,
- Employer Identification Number (EIN) – $79,
- Customized Operating Agreement – $59,
- S Corporation Election – $49,
- Business License Compliance Package – $149,
- State Unemployment Insurance – $200 (+state fees),
- State Income Tax Withholding – $200 (+State fees),
- Sales & Use Tax – $200 (+State fees),
- Elite Kit – $100,
- Seal & Embosser – $40,
- Federal & State Labor Law Posters – $99
Starter/Basic Package: Comparison
Services | Bizee | MyCorporation |
---|---|---|
LLC formation | $0 + State filing fee | $99 + State filing fee |
Processing time | Next Business Day | Standard processing time as per the state |
Business Name Search | Unlimited | Unlimited |
EIN | Available at $70 | Available at $79 |
Operating Agreement | $40 | $59 |
Business Compliance | Free for lifetime | $149 a year |
Web domain & web hosting | Not available | Available through third party |
Pro/Mid-Level Package:
Services | Bizee | MyCorporation |
---|---|---|
LLC formation | $199 + State Filing Fees | $124 + State filing fee (Standard), $224 + State filing fee (Delux) |
Processing Time | Next Business Day | Standard State processing time (Rush filing is available at $100) |
Business Name Search | Unlimited | Unlimited |
EIN | Included | $79 |
Operating Agreement | Included | $59 |
Business Compliance | Free | $149 |
Web domain & web hosting | $20 a month for hosting | Not Available |
Domain Name Registration | Not Available | Available through third party |
Business Email | $5.99 per month | Available through third party |
Premium/Top Level Package:
Services | Bizee | MyCorporation |
---|---|---|
LLC Formation | $299 + State Filing Fees | $324 + State filing fee |
Processing Time | Next business day | Rush filing available at $100 |
Business Name Search | Unlimited | Unlimited |
EIN | Included | $79 |
Operating Agreement | Included | $59 |
Business Compliance | Free | $149 |
Web domain & web hosting | Domain at $0 + $20 a month for hosting | Available through third party |
Bizee vs. MyCorporation: How They Are Different or Similar
Bizee and MyCorporation offer similar yet different services. Both companies have many things in common, while some things are different. Let’s look at the similarities and differences MyCorporation and Bizee have with each other.
Business Formation
Bizee offers business formation services, such as business formation, filing formation documents for LLCs, Corporations, and other structures, registered agent services, operating agreements, etc. It is one of those companies that started offering LLC formation at $0 + state filing fee. Compared with other companies Bizee offers a handful of free services related to business formation, such as compliance.
MyCorporation, started in 1998, offers 4 LLC formation services. The basic package starts from $99 plus the required state filing fee. Along with the LLC formation, MyCorporation offers services like annual compliances, annual reports, state sales tax filing, customized operating agreement, and much more. However, it does not offer any legal services such as attorney, etc.
Legal Support & Attorney Services
Bizee does not provide any of these services. It only offers business formation and related services. If you need legal support, then Bizee is not for you.
MyCorporation does not offer any legal support to the users. If you’re looking for attorney consultation, or any type of legal help for your newly set up LLC then MyCorporation will not be an ideal choice.
Overall Cost
With Bizee, the cost of LLC formation is $0 + state filing fee, and registered agent service is free for a year. From next year, a registered agent costs $119 a year. Hence, the overall average cost in Bizee is lower than the other. However, to enjoy free registered agent service, one has to purchase an LLC formation package. There is no standalone free registered agent. Using Bizee will be cost-effective for beginners or small businesses.
MyCorporation offers LLC formation at $99 (minimum price) which is more than Bizee’s basic price ($0). Overall, the cost of MyCorporation is not so less as it seems. MyCorporation adds a shipping charge of $34 (flat) above package price and state filing fee. Many users think this cost is unnecessary. The basic package does not include website services (MyCorporation uses third party to provide websites).
Customer Support
Bizee has a great customer support system. It has a live chat, asks questions, and phone numbers to connect with the customer service people. Phone calls are available during working hours.
MyCorporation offers three types of contact. First one is to visit their office. The next and easiest point of contact is to connect via calls from Monday to Friday during business hours. Another way to contact them is to land on their website, and fill up the customer form available and submit. They will get back to the user as soon as possible.
MyCorporation Additional Services
There are some services that Bizee might not have expertise in while MyCorporation does have dominance over them. Here’s a list of some ‘exclusive’ services that MyCorporation offers!
State Unemployment Insurance: It is required when you hire any employee to your company.
State Income Tax Withholding: It is required for payroll of the employees in your company.
Sales & Use Tax ID: It is required for specific types of business.
Embosser & Seal: Seal is used in corporate document signing. There is an Elite Kit available where you will get a kit for embossed binder for corporate documentation.
Federal & State Labor Compliance: It is required to maintain the employer compliances in companies with employees.
Bizee vs. MyCorporation: Pros & Cons
As we are talking about forming an LLC or any business, both services, Bizee and MyCorporation can be your choice. However, establishing a business is not only about filing the papers; a whole lot of work is involved. Hence, let’s get into the Pros and Cons of each service before you jump to any conclusion.
Bizee: Pros & Cons:
Pros of Bizee👍 | Cons of Bizee👎 |
---|---|
Affordable prices: Bizee has a more affordable pricing structure, especially for business formation packages. | Limited legal services: Bizee has a limited number of services in their basic package. |
User-friendly interface: Bizee’s website is easy to navigate, and business guides can help first-time entrepreneurs better understand the business formation process. | No satisfaction guarantee: Bizee has no satisfaction guarantee. Hence, there is no refund policy if you are unhappy with their services. |
Free registered agent service: Bizee offers free registered agent services for the first year, which can save entrepreneurs money. |
MyCorporation: Pros & Cons:
Pros of MyCorporation👍 | Cons of MyCorporation👎 |
---|---|
Vast services related to business are available. | Basic LLC formation is expensive |
Diverse packages to choose from. Starting from $99 and go up to $324 for LLC formation. | Additional shipping charge is to be paid for all the packages you order. |
Registered Agent is available at $120 per year. |
Frequently Asked Questions
Also Read
Bizee vs Northwest Registered Agent | Bizee vs InCorp |
Bizee vs Swyft Filings | Bizee vs ZenBusiness |
Bizee vs BizFilings | Bizee vs LegalZoom |
Bizee vs Harbor Compliance | Bizee vs Rocket Lawyer |
Conclusion
Bizee and MyCorporation are both popular and top-rated companies that have made a lot of difference in the business world in the past few years. We shared this comparative guide to make your way easier while choosing the right option for yourself.
While doing our research, we have come up with a perspective that brands are not always helpful. You can go for the pricey and most popular company. But it is all about your company’s formation requirements. It is all about what they offer and what you need. Whether their offering is useful for your company or not, no matter how big their company or brand name is. We personally preferred ZenBusiness (LLC formation at $0 + state fees) for its vast services and packages at a very affordable price.
It is worth noting that both companies offer a satisfaction guarantee, so if you are not satisfied with their services, you might get a refund.