Fact Checked by Editorial Staff
MyCorporation vs. BizFilings: 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 MyCorporation or BizFilings 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 MyCorporation and BizFilings. 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 MyCorporation vs BizFilings guide for the aspiring entrepreneurs around us!
MyCorporation vs. BizFilings: Quick Review
| Services | MyCorporation | BizFilings |
|---|---|---|
| LLC Formation | Available | Available |
| Starting Price | $109 + State filing fee | $99 + State filing fee |
| Registered Agent Service | Available at $120 per year | Available at Included |
| Legal Advice | Not Available | Not Available |
| EIN | Available at $79 | Available at $79 |
| Operating Agreement | $59 | $39 |
| Annual Report | $99 + state filing fee | $99 + state filing fee |
| Attorney Service | Not available | Not available |
| Website | MyCorporation | BizFilings |
| Review | – | – |
MyCorporation vs. BizFilings: Our Take
MyCorporatioservicesn is one of the most expensive companies when it comes to offering LLC formation services. While the close competitors offer LLC formation for free, MyCorporation charges $109 excluding the state filing fee for the same. It does not have many free services or lucrative offers compared to other companies. Hence, for a small or medium business, MyCorporation is not an ideal option to choose. However, on the other side, when we consider BizFilings, it does not offer elaborate legal services. However, it offers formation services and other business tools to establish and manage businesses. BizFilings does not offer free LLC formation. But it is cheaper than MyCorporation.
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 MyCorporation and BizFilings to bring the comparison study for you.
MyCorporation vs. BizFilings: Price and Packaging
This is the most crucial part you should consider before making a choice between MyCorporation or BizFilings. 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 MyCorporation vs BizFilings.
MyCorporation Price & Package
- LLC formation basic package starts from $109 and go 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
BizFilings Price & Package
- LLC Kit & Seal: starting from $99 + state filing fee,
- Operating Agreement: $39,
- EIN: $79 (One-time),
- Payroll Tax Registration: $199 a year,
- Business License Research Package: $99,
- Compliance DVD: $39,
- Annual Report Filing: $99 + State filing fee,
- Expedited Process: $60,
- Overnight Shipping: $20, 24-hour rush filing: $199
Add-ons By BizFilings
- Payroll Tax Registration: $199,
- Business License Research package: $99,
- Palo Alto’s Live Plan: $99,
- ADP Payroll Service for Businesses with Employees: Price on Request,
- Other Add-ons: EIN; Operating Agreement; Annual/Biennial Reports; Business Compliance; Rush Filing;
Starter/Basic Package: Comparison
| Services | MyCorporation | BizFilings |
|---|---|---|
| LLC formation | $109 + State filing fee | $99 + State filing fee |
| Processing time | Standard processing time as per the state | Rush filing available at additional cost |
| Business Name Search | Unlimited | Unlimited |
| EIN | Available at $79 | Available at $79 |
| Operating Agreement | $59 | $39 |
| Business Compliance | $149 a year | $39 a year |
| Web domain & web hosting | Available through third party | Not available |
Pro/Mid-Level Package:
| Services | MyCorporation | BizFilings |
|---|---|---|
| LLC formation | $124 + State filing fee (Standard), $224 + State filing fee (Delux) | $299 + state filing fee |
| Processing Time | Standard State processing time (Rush filing is available at $100) | Rush filing available at additional cost |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | Included |
| Operating Agreement | $59 | Included |
| Business Compliance | $149 | $39 |
| Web domain & web hosting | Not Available | Not Available |
| Domain Name Registration | Not Available | Not Available |
| Business Email | Available through third party | Not Available |
Premium/Top Level Package:
| Services | MyCorporation | BizFilings |
|---|---|---|
| LLC Formation | $324 + State filing fee | $458 + state filing fee |
| Processing Time | Rush filing available at $100 | Rush filing available at additional cost |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | Included |
| Operating Agreement | $59 | Included |
| Business Compliance | $149 | $39 |
| Web domain & web hosting | Available through third party | Not Available |
MyCorporation vs. BizFilings: How They Are Different or Similar
MyCorporation and BizFilings 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 between BizFilings and MyCorporation.
Business Formation
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.
BizFilings offers 3 packages, Basic, Standard, and Complete Package. All the packages include unlimited name search, registered agent service in 51 states, business name verification, and a 24×7 business monitoring tool. Besides, BizFilings offers other formation-related services like annual reports, EIN, operating agreements, compliance packages, etc.
Legal Support & Attorney Services
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.
BizFilings does not offer any legal support. It only offers business formation and related services.
Overall Cost
MyCorporation offers LLC formation at $99 (minimum price) which is more than other close competitors. Overall, the cost of MyCorporation is not so less as it seems. MyCorporation adds a shipping charge of $34 (flat) above the 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).
BizFilings does not offer free LLC formation, but it is cheaper than what MyCorporation offers. On the other hand, BizFilings offers free registered agent service for 3 months. Overall, BizFilings is cheaper than MyCorporation if you’re looking for only basic LLC formation.
Customer Support
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 within the shortest time.
Users can contact BizFilings support team in 4 ways. They can directly call on their number (800-981-7183) during working hours, they can email ([email protected]) the team, Chat with them through the official website, and finally, users can check their FAQ section to know the process of filing.
BizFilings Additional Services
There are some services that MyCorporation might not have expertise in while BizFilings does have dominance over them. Here’s a list of some ‘exclusive’ services that BizFilings offers!
Palo Alto’s Live Plan is a step-by-step guide to prepare a business plan. BizFilings provides this service at $99.
ADP Payroll Service for Businesses with Employees is a payroll solution for businesses that are expanding. It is available with BizFilings. You must request quote to know the price.
MyCorporation vs. BizFilings: Pros & Cons
As we are talking about forming an LLC or any business, both services, MyCorporation and BizFilings 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.
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. |
BizFilings: Pros & Cons:
| Pros of BizFilings👍 | Cons of BizFilings👎 |
|---|---|
| BizFilings has been offering LLC formation services since 1996 and has helped form over 500,000 businesses, so they have a wealth of experience and knowledge in this area. | BizFilings’ LLC formation service can be more expensive compared to other options available. |
| 24×7 Business monitoring tool is available with all the LLC formation packages. | If you are looking to form an LLC as a non-US resident or have complex international business structures, BizFilings’ services do not have much options. It may not be as well-suited to your needs |
| While their base price may seem attractive, be aware that there may be additional fees for certain services or add-ons that are not included in the initial package. |
Frequently Asked Questions
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Conclusion
MyCorporation and BizFilings 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.