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ZenBusiness 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 ZenBusiness 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 ZenBusiness 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 ZenBusiness vs MyCorporation guide for the aspiring entrepreneurs around us!
ZenBusiness vs. MyCorporation: Quick Review
| Services | ZenBusiness | MyCorporation |
|---|---|---|
| LLC Formation | Available | Available |
| Starting Price | $0 + State filing fee | $99 + State filing fee |
| Registered Agent Service | Available at $99 per year | Available at $120 per year |
| Legal Advice | Not Available | Not Available |
| EIN | Available at $99 | Available at $79 |
| Operating Agreement | $125 | $59 |
| Annual Report | $100 + state filing fee | $99 + state filing fee |
| Attorney Service | Not available | Not available |
| Website | ZenBusiness | MyCorporation |
| Review | ZenBusiness Review | – |
ZenBusiness vs. MyCorporation: Our Take
ZenBusiness is one of the best LLC formation services available today. Their vast packages and diverse services can easily attract businesses. Like ZenBusiness, many other businesses offer LLC formation at $0, however, the company offers quick turnaround time (within 1 business day processing for Pro and Premium members) that no other close competitors offer. Besides, ZenBusiness is known for its 100% accuracy which makes it even more popular among aspiring entrepreneurs. However, on the other side, MyCorporation offers not only business formation but also it offers compliance services and other business management services. Compared to ZenBusiness, their basic LLC formation package is expensive. Hence, choosing ZenBusiness over MyCorporation might be better. . Now, it is up to your requirements, which one you choose.
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 ZenBusiness and MyCorporation to bring the comparison study for you.
ZenBusiness vs. MyCorporation: Price and Packaging
This is the most crucial part you should consider before making a choice between ZenBusiness or MyCorpration. 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 ZenBusiness vs MyCorporation.
ZenBusiness Price & Package
- LLC formation Package starts from $0 and go up till $299 + state filing fees.
- Add-on services are available that can be purchased without the entire package.,
- Registered agent is available at $99 a year.,
- Business name reservation at $50.,
- Worry-free compliance at $199 a year.,
- Business document templates library is available at $99 (one-time cost).,
- New York publication service is available at $200 (one-time cost).,
- Business license report is available at $99 (one-time cost).,
- Annual report filing is at $100., LLC formation document amendment can be done at $100., Certificate of Good Standing filing costs $100.
Add-ons by ZenBusiness
- Standalone Registered Agent Service – $99,
- Business Name Reservation- $50, Annual Report Filing- $100 + state fees,
- New York Publication- $200 + publication cost, Filing Amendment- $100 + state fees, Certificate of Good Standing- $100 + state fees, Business License Report- $99, Business Document Templates Library- $99
MyCorporation Price & Package
- LLC formation basic package starts from $99 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.,
- Business compliance package is available at $149.,
- 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 | ZenBusiness | MyCorporation |
|---|---|---|
| LLC formation | $0 + State filing fee | $99 + State filing fee |
| Processing time | 7 to 10 working days | Standard processing time as per the state |
| Business Name Search | Unlimited | Unlimited |
| EIN | Available at $99 | Available at $79 |
| Operating Agreement | $125 | $59 |
| Business Compliance | $199 a year | $149 a year |
| Web domain & web hosting | Available at $129/year | Available through third party |
Pro/Mid-Level Package:
| Services | ZenBusiness | MyCorporation |
|---|---|---|
| LLC formation | $199 + State Filing Fees | $124 + State filing fee (Standard), $224 + State filing fee (Delux) |
| Processing Time | 1 business day | Standard State processing time (Rush filing is available at $100) |
| Business Name Search | Unlimited | Unlimited |
| EIN | Included | $79 |
| Operating Agreement | Included | $59 |
| Business Compliance | Free for a year ($199/year after) | $149 |
| Web domain & web hosting | $129/year | Not Available |
| Domain Name Registration | $25/year | Available through third party |
| Business Email | $25/year | Available through third party |
Premium/Top Level Package:
| Services | ZenBusiness | MyCorporation |
|---|---|---|
| LLC Formation | $299 + State Filing Fees | $324 + State filing fee |
| Processing Time | 1 business day | Rush filing available at $100 |
| Business Name Search | Unlimited | Unlimited |
| EIN | Included | $79 |
| Operating Agreement | Included | $59 |
| Business Compliance | Free for a year ($199/year after) | $149 |
| Web domain & web hosting | Included | Available through third party |
ZenBusiness vs. MyCorporation: How They Are Different or Similar
ZenBusiness 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 between MyCorporation and ZenBusiness.
Business Formation
ZenBusiness offers business formation services, such as LLC formation, filing formation documents with SOS, registered agent services, operating agreement, EIN, worry-free annual compliance, business domain and creating websites, and many more. The processing time in ZenBusiness is incredibly fast compare to the other service.
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
ZenBusiness does not provide attorney consultation of direct legal services. It does provide legal documentation and templates for compliance and such. However, if you’re looking for legal help then ZenBusiness might not be an ideal choice for you.
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
ZenBusiness offers LLC formation service at $0 + state filing fee. Other services, such as registered agent service are available at $99 a year. On the contrary, obtaining EIN is a bit pricey. ZenBusiness offers EIN at $99. Besides, ZenBusiness offers annual compliance free for a year with the basic package. Hence, in terms of overall cost, ZenBusiness is cheaper compared to any other service. But, EIN and Operating Agreement costs are higher than many other companies.
MyCorporation offers LLC formation at $99 (minimum price) which is more than ZenBusiness’ basic price ($0). Overall, the cost of MyCorporation 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. The basic package does not include website services (MyCorporation uses third party to provide websites).
Customer Support
ZenBusiness has three main ways for customers to reach them. These three ways are Live Chats, Phone Call, and Email. You can reach out to them during working hours through live chat and phone call. You can also drop a mail anytime via their official email ID. The easiest way to reach out to them is through their live chat during business hours.
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 ZenBusiness 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.
ZenBusiness vs. MyCorporation: Pros & Cons
As we are talking about forming an LLC or any business, both services, ZenBusiness 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.
ZenBusiness: Pros & Cons:
| Pros of ZenBusiness👍 | Cons of ZenBusiness👎 |
|---|---|
| Cost-effective: ZenBusiness offers affordable pricing plans for business formation services, making it accessible for small business owners or entrepreneurs on a budget. | Limited customization: While ZenBusiness offers a streamlined process, it may lack in terms of flexibility and customization options. Some entrepreneurs might prefer more personalized solutions tailored to their specific business needs. |
| Streamlined process: The platform provides a user-friendly interface that simplifies the business formation process. It guides users through necessary steps and ensures all required documents are filed correctly and promptly. | Upsells and add-on costs: While ZenBusiness offers affordable pricing for its basic services, they have several additional features at an extra cost. Customers need to be mindful of these add-ons and consider their necessity before purchasing. |
| Additional features: ZenBusiness offers a range of features, such as registered agent services, annual report filings, and ongoing compliance reminders. These services help businesses stay organized and in compliance with legal requirements. | Customer support: Some users have reported inconsistent or slow customer support responses. This lack of prompt assistance may cause frustration, especially when urgent matters need to be addressed. |
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
ZenBusiness 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.