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MyCorporation vs. Harbor Compliance: 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 Harbor Compliance 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 Harbor Compliance. 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 Harbor Compliance guide for the aspiring entrepreneurs around us!
MyCorporation vs. Harbor Compliance: Quick Review
| Services | MyCorporation | Harbor Compliance |
|---|---|---|
| LLC Formation | Available | Available |
| Starting Price | $109 + State filing fee | $99 + State filing fee |
| Registered Agent Service | Available at $120 per year | Available at $99 per year |
| Legal Advice | Not Available | Not Available |
| EIN | Available at $79 | Available at $99 |
| Operating Agreement | $59 | $99 |
| Annual Report | $99 + state filing fee | $100 to $175 per state + state filing fee |
| Attorney Service | Not available | Not available |
| Website | MyCorporation | Harbor Compliance |
| Review | – | – |
MyCorporation vs. Harbor Compliance: 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, Harbor Compliance specializes in compliance services more than direct legal support. It also offers diverse business software that helps small businesses to manage their company without any hassle. Harbor Compliance does have a brand presence when it comes to offering LLC formation services. Choosing Harbor Compliance over MyCorporation will be wise if you’re looking for an LLC formation at a cheaper cost..
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 Harbor Compliance to bring the comparison study for you.
MyCorporation vs. Harbor Compliance: Price and Packaging
This is the most crucial part you should consider before making a choice between MyCorporation or Harbor Compliance. 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 Harbor Compliance.
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
Harbor Compliance Price & Package
- LLC formation: $99 + state filing fee,
- Registered Agent: $89-$99 per state per year,
- Initial Report Starting at $175 plus state fees,
- Annual Reports: $100 to $175 per state plus filing fees,
- Dissolution & Withdrawal: $399 plus state fees,
- Articles of Reinstatement: $399 plus state fees,
- Certificate of Good Standing: $85 plus state fees,
- Foreign Qualification: $399 service fee includes a registered agent,
- Nonprofit Registration Services from $1,799 plus filing fees
Add-ons By Harbor Compliance
- Initial Report Starting at $175 plus state fees,
- Establish Payroll Tax Accounts one-time package $600,
- Sales and Use Tax IDs one-time package $300,
- Publishing starts at $300 plus state fees
Starter/Basic Package: Comparison
| Services | MyCorporation | Harbor Compliance |
|---|---|---|
| LLC formation | $109 + State filing fee | $99 + State filing fee |
| Processing time | Standard processing time as per the state | Standard filing |
| Business Name Search | Unlimited | Unlimited |
| EIN | Available at $79 | Available at $99 |
| Operating Agreement | $59 | $99 |
| Business Compliance | $149 a year | On demand |
| Web domain & web hosting | Available through third party | Not available |
Pro/Mid-Level Package:
| Services | MyCorporation | Harbor Compliance |
|---|---|---|
| LLC formation | $124 + State filing fee (Standard), $224 + State filing fee (Delux) | $99 + state filing fees (flat) |
| Processing Time | Standard State processing time (Rush filing is available at $100) | Standard filing |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | $99 |
| Operating Agreement | $59 | $99.00 |
| Business Compliance | $149 | On demand |
| 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 | Harbor Compliance |
|---|---|---|
| LLC Formation | $324 + State filing fee | $99 + state filing fees (flat) |
| Processing Time | Rush filing available at $100 | Standard filing |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | $99 |
| Operating Agreement | $59 | $99.00 |
| Business Compliance | $149 | On demand |
| Web domain & web hosting | Available through third party | Not Available |
MyCorporation vs. Harbor Compliance: How They Are Different or Similar
MyCorporation and Harbor Compliance 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 Harbor Compliance 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.
Harbor Compliance does not have a series of formation packages. It has only one flat rate for LLC formation. The overall price is much more in MyCorporation than in Harbor Compliance for the formation of an LLC. But for the compliance documents Harbor Compliance is certainly a better choice.
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.
Harbor Compliance does not offer legal support or attorney service. Hence, users who are looking for legal service Harbor Compliance would not be a wise option.
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).
MyCorporation, no doubt is a bit expensive than Harbor Compliance. If we calculate the overall price, MyCorporation’s price is much more than Harbor Compliance. Though the price of some of the services is less, however, the basic formation price is much higher in MyCorporation.
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 reach Harbor Compliance Service Help Center via 4 ways. First, users can call them directly. You can drop a mail at their main office in Pennsylvania, you can email them, Fax them, and/or you can call them from Monday to Friday during official hours.
Harbor Compliance Additional Services
There are some services that MyCorporation might not have expertise in while Harbor Compliance does have dominance over them. Here’s a list of some ‘exclusive’ services that Harbor Compliance offers!
Establish Payroll Tax Accounts with Harbor Compliance available at one-time package at $600
Some sepcific state needs publishing after creating the LLC. Harbor Compliance offers this service at $300 plus state publishing charges.
Some states require Initial Business Report filing. Harbor Compliance offers this service starting at $75 plus state filing fee.
MyCorporation vs. Harbor Compliance: Pros & Cons
As we are talking about forming an LLC or any business, both services, MyCorporation and Harbor Compliance 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 MyCorporationđź‘Ť | Cons of MyCorporationđź‘Ž |
|---|---|
| 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. |
Harbor Compliance: Pros & Cons:
| Pros of Harbor Complianceđź‘Ť | Cons of Harbor Complianceđź‘Ž |
|---|---|
| Harbor Compliance has been in business for over a decade and has successfully helped thousands of businesses with their compliance needs. | Hiring a professional service like Harbor Compliance comes with a cost. While their services can save you time and provide peace of mind, it may not be the most cost-effective option for everyone |
| Harbor Compliance ensures that all the necessary legal and compliance requirements for forming an LLC are met. | Some users may value a personalized experience when creating their LLC. As Harbor Compliance works with many clients, there may be limited opportunities for one-on-one communication and customization |
| Harbor Compliance provides ongoing support, even after your LLC is formed. They can help with annual report filings, business licenses, and other compliance requirements that may arise throughout the life of your LLC. | Some users may prefer more control over the formation and compliance process of their LLC. Harbor Compliance offers standardized services, which may not cater to the specific needs or preferences of certain businesses. |
Frequently Asked Questions
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Conclusion
MyCorporation and Harbor Compliance 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.