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MyCorporation vs. InCorp: 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 InCorp 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 InCorp. 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 InCorp guide for the aspiring entrepreneurs around us!
MyCorporation vs. InCorp: Quick Review
| Services | MyCorporation | InCorp |
|---|---|---|
| LLC Formation | Available | Available |
| Starting Price | $109 + State filing fee | $99 + State filing fee |
| Registered Agent Service | Available at $120 per year | Available at $129 per year |
| Legal Advice | Not Available | Not Available |
| EIN | Available at $79 | Available at $69 |
| Operating Agreement | $59 | Included |
| Annual Report | $99 + state filing fee | Not Available |
| Attorney Service | Not available | Not available |
| Website | MyCorporation | InCorp |
| Review | – | – |
MyCorporation vs. InCorp: 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, InCorp offers business formation services but not legal support. It offers Trademark services along with formation services that many LLC formation services do not offer. InCorp does not have an elaborate package. So, any business that is not looking for diverse services can opt for InCorp. But, it is recommended to choose carefully while making the final decision..
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 InCorp to bring the comparison study for you.
MyCorporation vs. InCorp: Price and Packaging
This is the most crucial part you should consider before making a choice between MyCorporation or InCorp. 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 InCorp.
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
InCorp Price & Package
- Registered Agent – $129/year, $87/year for users who purchase the service for more than one year,
- Manage Reports – Price on demand,
- Foreign business formation – starting from $149 plus state fees,
- Certificate of Good Standing – price on demand plus standard state filing fee,
- Company dissolution – starts at $99 plus any applicable state fees,
- Other services – Amending formation documents; Apostille service; Trademark and copyright;
- Corporate Kit – Prices start at $149 plus state fees.
Add-ons By InCorp
- Corporate record kit – starts from $149 + state fees,
- Apostille Certificate – price on demand,
- Uniform Commercial Code search and filing – price on demand
Starter/Basic Package: Comparison
| Services | MyCorporation | InCorp |
|---|---|---|
| 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 $69 |
| Operating Agreement | $59 | Included |
| Business Compliance | $149 a year | On demand |
| Web domain & web hosting | Available through third party | Not available |
Pro/Mid-Level Package:
| Services | MyCorporation | InCorp |
|---|---|---|
| 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) | 7 business days |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | $69 |
| Operating Agreement | $59 | Included |
| 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 | InCorp |
|---|---|---|
| LLC Formation | $324 + State filing fee | $99 + state filing fees (flat) |
| Processing Time | Rush filing available at $100 | 7 Business days |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | $69 |
| Operating Agreement | $59 | Included |
| Business Compliance | $149 | On demand |
| Web domain & web hosting | Available through third party | Not Available |
MyCorporation vs. InCorp: How They Are Different or Similar
MyCorporation and InCorp 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 InCorp and MyCorporation have with each other.
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.
InCorp offers LLC formation at $99 + state filing fee (flat) rate. It does not have diverse formation packages like others. It takes 7 business days to file the LLC in any state. The processing time might vary due to standard state filing time.
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.
InCorp does not offer any legal services or attorney consultation. Anyone who is looking for legal or attorney services, InCorp is not your optimal solution.
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).
InCorp charges $99 excluding the state filing fee for LLC formation, unlike MyCorporation which offers formation at $109. The overall cost is higher with MyCorporation as it does not offer low-cost basic LLC formation package.
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.
You can reach out to InCorp through several ways. Call on their phone number during the business hours to reach out to them. Besides, one can also email them or drop by to their physical address. For sales or business-related help, users can contact their sales department via their official website.
InCorp Additional Services
There are some services that MyCorporation might not have expertise in while InCorp does have dominance over them. Here’s a list of some ‘exclusive’ services that InCorp offers!
Apostille Certificate is one such service InCorp offers that many other service does not offer.
Uniform Commercial Certificate Code search and filing.
MyCorporation vs. InCorp: Pros & Cons
As we are talking about forming an LLC or any business, both services, MyCorporation and InCorp 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. |
InCorp: Pros & Cons:
| Pros of InCorp👍 | Cons of InCorp👎 |
|---|---|
| InCorp offers expedited processing options for those who need their LLC formed quickly. | InCorp is not a law firm and cannot provide legal advice. Some individuals may prefer to work with a lawyer who can offer personalized guidance throughout the formation process. |
| InCorp makes it easy for individuals to form an LLC by providing online services and simple step-by-step instructions. | InCorp operates primarily online, so individuals may miss out on the face-to-face interaction and personal attention that can come with working directly with a lawyer or other professional service provider. |
| InCorp offers pre-packaged formation services, which may not cater to the specific needs and preferences of every individual. |
Frequently Asked Questions
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Conclusion
MyCorporation and InCorp 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.