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Rocket Lawyer 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 Rocket Lawyer 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 Rocket Lawyer 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 Rocket Lawyer vs MyCorporation guide for the aspiring entrepreneurs around us!
Rocket Lawyer vs. MyCorporation: Quick Review
| Services | Rocket Lawyer | MyCorporation |
|---|---|---|
| LLC Formation | Available | Available |
| Starting Price | $0 + State filing fee (for memebers) $99.99 + State filing fee (for non-members) | $99 + State filing fee |
| Registered Agent Service | Available at $149.99 per year (25% discount for premium members) | Available at $120 per year |
| Legal Advice | Available | Not Available |
| EIN | Available at $59.99 | Available at $79 |
| Operating Agreement | Included in premium membership | $59 |
| Annual Report | Included in premium plan | $99 + state filing fee |
| Attorney Service | Available with premium plan | Not available |
| Website | Rocket Lawyer | MyCorporation |
| Review | Rocket Lawyer Review | – |
Rocket Lawyer vs. MyCorporation: Our Take
Rocket Lawyer is known for its comprehensive legal services, offering not just business formation but ongoing legal support through attorney consultations and document review. Unlike other companies, it offers subscription and not flat or customized business formation packages. You can unlock many services with their premium subscription. They also offer a 7-day free trial when you can try their services without paying them anything. However, on the other side, MyCorporation offers not only business formation but also it offers compliance services and other business management services. Compared to Rocket Lawyer, their basic LLC formation package is expensive. Hence, choosing Rocket Lawyer 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 Rocket Lawyer and MyCorporation to bring the comparison study for you.
Rocket Lawyer vs. MyCorporation: Price and Packaging
This is the most crucial part you should consider before making a choice between Rocket Lawyer 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 Rocket Lawyer vs MyCorporation.
Rocket Lawyer Price & Package
- LLC Formation has a single price at $99.99 + state filing fee.,
- 7-day trial pack is available where you can get access to documents for free for 7 days.,
- Premium Membership is available at $39.99/month or $239.99/year where you will get free LLC formation and 25% discount on registered agent service.
Add-ons by Rocket Lawyer
- LLC Formation: LLC can be formed at $99.99.,
- Registered Agent: Registered Agent service is available at $149.99 per year. Members will get 25% discount on the final price.,
- Rush Filing: You can pay $40 to speed up your LLC filing within 1 or 2 business days.,
- Corporate Kit: At $104.99, you can purchase a corporate kit that includes a corporate seal. Otherwise corporate seal costs $64.99.
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 | Rocket Lawyer | MyCorporation |
|---|---|---|
| LLC formation | $0 + State filing fee (for members) $99.99 + State filing fee (for non-members) | $99 + State filing fee |
| Processing time | 1 to 2 business days with additional fees | Standard processing time as per the state |
| Business Name Search | Unlimited | Unlimited |
| EIN | Available at $59.99 | Available at $79 |
| Operating Agreement | Included in premium membership | $59 |
| Business Compliance | Included in premium plan | $149 a year |
| Web domain & web hosting | Not available | Available through third party |
Pro/Mid-Level Package:
| Services | Rocket Lawyer | MyCorporation |
|---|---|---|
| LLC formation | $239.99/year & 39.99/month for membership (no specific package) $99.99 + State filing fee (for non-members) | $124 + State filing fee (Standard), $224 + State filing fee (Delux) |
| Processing Time | 1 to 2 business days with additional fees | Standard State processing time (Rush filing is available at $100) |
| Business Name Search | Unlimited | Unlimited |
| EIN | $59.99 | $79 |
| Operating Agreement | Included | $59 |
| Business Compliance | Included | $149 |
| Web domain & web hosting | Not Available | Not Available |
| Domain Name Registration | Not Available | Available through third party |
| Business Email | Not Available | Available through third party |
Premium/Top Level Package:
| Services | Rocket Lawyer | MyCorporation |
|---|---|---|
| LLC Formation | $239.99/year & 39.99/month for membership (no specific package) $99.99 + State filing fee (for non-members) | $324 + State filing fee |
| Processing Time | 1 to 2 business days with additional fees | Rush filing available at $100 |
| Business Name Search | Unlimited | Unlimited |
| EIN | $59.99 | $79 |
| Operating Agreement | Included | $59 |
| Business Compliance | Included | $149 |
| Web domain & web hosting | Not Available | Available through third party |
Rocket Lawyer vs. MyCorporation: How They Are Different or Similar
Rocket Lawyer 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 Rocket Lawyer have with each other.
Business Formation
RocketLawyer offers LLC formation at $99.99 compared to other popular services that offer LLC formation at $0 + state filing fee. With the membership of $239.99/year or $39.99/month, you can get LLC formation for free. For a beginner or a small business that does not need so much legal support or documents, it is not worth spending money on membership. In case of Registered Agent, it costs $149.99 in RocketLawyer which is much less than others.
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 service such as attorney, etc.
Legal Support & Attorney Services
RocketLawyer provides attorney services and other legal support. It mainly offers legal document creation and storage. However, it offers attorney consultation and all types of corporate legal coverage. Premium members get all types of legal coverage for their business. RocketLawyer offers diverse legal support at a single membership price.
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
RocketLawyer provides various legal support and documents. Besides, it offers LLC formation, Registered Agent, and other formation-related document creation. RocketLawyer offers LLC formation at $99.99 which is more than what others offer. On the other hand, the cost of a Registered Agent is much more in RocketLawyer ($149.99 per year). Overall, RocketLawyer is a bit more expensive than others, as it does not offer many business formation-related services. However, if anyone has legal support/document requirements then RocketLawyer might be a good choice.
MyCorporation offers LLC formation at $99 (minimum price) which is more than Rocket Lawyer’s basic price ($0). But, MyCorporation offers Registered Agent at a very low price ($120 per year) which is more than Rocket Lawyer ($149 per year). Hence, it might look like MyCorporation is cheaper if you buy both services. But, overall, the cost 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. Also, it does not offer any legal service like attorney consultaion, any type of legal documentation. The basic package does not include website services (MyCorporation uses third party to provide websites).
Customer Support
RocketLawyer offers several ways for customers to reach them. Users can visit their official website and chat with them during the business hours. They can reach through phone or email as well. For easy access, users can check FAQ section in their official website.
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.
MyCorporation Additional Services
There are some services that Rocket Lawyer 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.
Rocket Lawyer vs. MyCorporation: Pros & Cons
As we are talking about forming an LLC or any business, both services, Rocket Lawyer 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.
Rocket Lawyer: Pros & Cons:
| Pros of Rocket Lawyer👍 | Cons of Rocket Lawyer👎 |
|---|---|
| Rocket Lawyer offers affordable monthly subscription plans, allowing users to access an extensive library of legal documents | Rocket Lawyer’s legal services may not be available or applicable in all jurisdictions, as laws and regulations can vary from state to state or country to country |
| Subscribers can receive up to 30 minutes of free attorney consultation on each new legal matter | Certain advanced legal services, such as trademark registration or business formation, may incur additional fees beyond the subscription cost |
| Rocket Lawyer provides secure cloud storage for legal documents, ensuring easy accessibility and backup for important files. |
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
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Conclusion
Rocket Lawyer 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.