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MyCorporation vs. Swyft Filings: 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 Swyft Filings 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 Swyft Filings. 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 Swyft Filings guide for the aspiring entrepreneurs around us!
MyCorporation vs. Swyft Filings: Quick Review
| Services | MyCorporation | Swyft Filings |
|---|---|---|
| LLC Formation | Available | Available |
| Starting Price | $109 + State filing fee | $0 + State filing fee |
| Registered Agent Service | Available at $120 per year | Available at $199 per year |
| Legal Advice | Not Available | Not Available |
| EIN | Available at $79 | Available at $79 |
| Operating Agreement | $59 | $35 |
| Annual Report | $99 + state filing fee | $99 + state filing fee |
| Attorney Service | Not available | Not available |
| Website | MyCorporation | SwyftFilings |
| Review | – | – |
MyCorporation vs. Swyft Filings: 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, Swyft Filings is a formation company that offers basic LLC formation services at a low cost. MyCorporation is way too expensive compared to Swyft Filings. .
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 Swyft Filings to bring the comparison study for you.
MyCorporation vs. Swyft Filings: Price and Packaging
This is the most crucial part you should consider before making a choice between MyCorporation or Swyft Filings. 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 Swyft Filings.
MyCorporation Price & Package
- LLC formation basic package starts from $109 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
Swyft Filings Price & Package
- LLC formation plans are available at $0 and the highest plan is $299 plus the mandatory state filing fee,
- Registered Agent costs $199 a year,
- LLC Operating Agreement is at $35,
- Annual Report is available at $99 + state filing fee,
- EIN is available at $79,
- LLC Dissolution service is at $149 + state filing fee,
- LLC initial report is also available for $55 + state filing fee,
- Foreign LLC formation is available at $199 + state filing fee,
- Business licenses & permits are available at $99,
- Certificate of Good Standing costs $45 + state filing fees,
- Trademark Registration is available at $99 + USPTO filing fees
Add-ons By Swyft Filings
- Conversion from LLC to Other Business Structure: $199,
- Change of Registered Agent: $149/year,
- Nonprofit Formation: $495 + IRS fees,
- Dissolve business: $149 + state filing fee,
- Initial Report (selected states): $55 + state fees,
- Amendment & Name change: $99 + state fees,
- Foreign Business Formation: $199 + state fees,
- Business Withdrawal from Other States: $99 + state fees,
- Apostille Certificate: $75 + state fees,
- Digital Corporate Kit: $99,
- Seller’s Permit: $129 + state fees,
- ComplianceGuard: $149/year,
- Corporate Bylaws and Shareholders’ Agreements: $35,
- S Corp Election: $99
Starter/Basic Package: Comparison
| Services | MyCorporation | Swyft Filings |
|---|---|---|
| LLC formation | $109 + State filing fee | $0 + State filing fee |
| Processing time | Standard processing time as per the state | 10 Days |
| Business Name Search | Unlimited | Unlimited |
| EIN | Available at $79 | Available at $79 |
| Operating Agreement | $59 | $35 |
| Business Compliance | $149 a year | $149 a year |
| Web domain & web hosting | Available through third party | Available with the highest plan |
Pro/Mid-Level Package:
| Services | MyCorporation | Swyft Filings |
|---|---|---|
| LLC formation | $124 + State filing fee (Standard), $224 + State filing fee (Delux) | $199 + State Filing Fees |
| Processing Time | Standard State processing time (Rush filing is available at $100) | 5 Day Express Filing |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | $79 |
| Operating Agreement | $59 | $35 |
| Business Compliance | $149 | Included |
| Web domain & web hosting | Not Available | Not Available |
| Domain Name Registration | Not Available | Available in the highest plan |
| Business Email | Available through third party | Available in the highest plan |
Premium/Top Level Package:
| Services | MyCorporation | Swyft Filings |
|---|---|---|
| LLC Formation | $324 + State filing fee | $299 + State Filing Fees |
| Processing Time | Rush filing available at $100 | Same Day Filing |
| Business Name Search | Unlimited | Unlimited |
| EIN | $79 | $79 |
| Operating Agreement | $59 | $35 |
| Business Compliance | $149 | Included |
| Web domain & web hosting | Available through third party | Included |
MyCorporation vs. Swyft Filings: How They Are Different or Similar
MyCorporation and Swyft Filings 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 Swyft Filings and MyCorporation have with each other.
Business Formation
MyCorporation, started in 1998, offers 4 LLC formation services. The basic package starts from $109 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.
SwyftFiling offers 3 packages for LLC formation. The basic one started from $0 and the highest one costs $299 plus the standard state filing fee. All three packages include filing of formation document and a few basic services. Higher the package, faster the filing services available with SwyftFiling. The highest priced pakcage offers same day filing and standard shipping time. No additional cost for rush filing or shipping.
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.
SwyftFilings do not provide any legal service. If you’re looking for legal support or attorney consultation to form your LLC then SwyftFilings is not for you.
Overall Cost
MyCorporation offers LLC formation at $109 (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).
SwyftFilings does not have in-and-out formation services for users. However, if you’re looking for only LLC formation, then SwyftFilings can help you out. As far as the cost is concerned, SwyftFilings offers LLC formation at $0, unlike MyCorporation. MyCorporation is way too much expensive compared to Swyft Filings’ basic 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.
Users can reach out to the Support Team of SwyftFilings in two ways. You can reach out to them from Monday to Friday during business hours over a call. Besides, users can email them directly mentioning their concern.
Swyft Filings Additional Services
There are some services that MyCorporation might not have expertise in while Swyft Filings does have dominance over them. Here’s a list of some ‘exclusive’ services that Swyft Filings offers!
SwyftFilings offers a conversion service. If anyone wants to convert their LLC to some other business structure, SwyfFilings helps them do that.
Some very specific states need LLCs to file initial reports with SOS. SwyftFilings offers this report filing.
Apostille certificate is a type of document you need if you want to use your formation document (filed in the USA) in any other country. SwyftFilings helps you file the Apostille Certificate with the state SOS.
MyCorporation vs. Swyft Filings: Pros & Cons
As we are talking about forming an LLC or any business, both services, MyCorporation and Swyft Filings 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 $109 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. |
Swyft Filings: Pros & Cons:
| Pros of Swyft Filings👍 | Cons of Swyft Filings👎 |
|---|---|
| It is affordable and easy to use. The pricing and packages are reasonable. | Though it is affordable to some people, however, a lot of services are not available in their basic package. Hence, you have to purchase their highest pack to enjoy those. |
| You can customize your packages at the check-out. Add more services and make your own package by paying add-on prices. | SwyftFilings does not provide any legal help. Hence, after you form your LLC, when you need an attorney or legal support, SwyftFilings won’t be able to provide it. |
Frequently Asked Questions
Also Read
Conclusion
MyCorporation and Swyft Filings 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.