Do you need some assistance forming a corporation, but you’re not sure which online incorporation service is the best choice to help you? ZenBusiness and MyCorporation are two of the top companies in this entire industry, as both can form your new business efficiently and effectively.
In this comparison guide, we’ll take a look at the five crucial factors that we use to analyze every incorporation service. Is ZenBusiness the right fit for your company? Or is MyCorporation the preferred option? Let’s find out.
Key Comparison Points
In our review and comparison of each online incorporation service, we performed a “stress test” on each based on five key factors:
- Compared pricing and features to determine overall value.
- Researched their track record.
- Assessed the quality of customer service.
- Tested their ordering process and service’s ease of use.
- Reviewed the turnaround times for incorporating online.
As you’ll see in this comparison review of ZenBusiness and MyCorporation, both are good incorporation services. Which one is the best for your unique needs?
Overall Pricing and Value
ZenBusiness: Very few companies can compete with ZenBusiness’ outstanding pricing, as we will form your corporation or LLC for free (plus state fee). If you want some additional advanced features, our $199 Pro package adds ongoing compliance assistance, a guided operating agreement or corporate bylaws, and faster processing. You also might like our $299 plan, because it adds our fastest processing, a domain name, and a business website package.
MyCorporation: While MyCorporation has reasonable prices at first glance, the fact that they add a $34 shipping charge on top of all their advertised rates makes them far less impressive. Their Basic package costs a total of $133 and includes no additional features, but their $158 Standard package is a better deal because it includes a year of annual report service. MyCorporation only includes registered agent service with their top-tier Deluxe ($258) and Premium ($358) plans.
Company Track Record & Experience
ZenBusiness: ZenBusiness formed in 2015. Even though we’re a somewhat recent addition to the market, we’ve already formed 300,000+ LLCs and corporations, and we aim to form one million businesses in the next several years. When it comes to customer feedback, ZenBusiness beats most of our competitors ― even much more seasoned companies ― with our 10,000+ customer reviews that are almost all positive in nature.
MyCorporation: MyCorporation is in the midst of their third decade in the industry, after opening for business back in 1998. Over the years, they’ve helped an impressive number of customers, as they’ve formed over one million businesses. They also have customer feedback numbering in the hundreds of reviews, and most of that feedback is positive.
ZenBusiness: With ZenBusiness, you can access our customer service team via phone, email, or web chat. No matter which of these options you choose, we always respond quickly, and our representatives are friendly and informative. We have expanded availability that even includes Sundays — very few competitors have any weekend availability. We pride ourselves in continuously improving the quality and responsiveness of our customer support, and we believe we compare favorably to the vast majority of competitors in this area.
MyCorporation: MyCorporation has customer support that is available by phone or by email. Their response times are very fast, as we’ve never spent much time on hold or waiting for an email reply. In addition, their employees are helpful and knowledgeable about the products and services available from MyCorporation.
Ease of Use
ZenBusiness: Forming a new corporation is very easy with ZenBusiness, thanks to our intuitive web design and user-friendly ordering process. The only steps you’ll need to complete are selecting which package you’d like to purchase, and providing us with your basic personal and business information ― we’ll take care of the rest.
MyCorporation: The formation process with MyCorporation is straightforward and convenient. Their application is easy to fill out, as it took us only about ten minutes to work our way through the order form.
Speed of Formation
ZenBusiness: With ZenBusiness, all formation speeds vary based on state capabilities. Also, if you’re in a hurry, you can choose one of our premium packages to speed things up a bit! When compared to other formation services, we are usually either just as fast or slightly faster. To find out your turnaround time, simply plug in your state and immediately see your estimated processing speed.
MyCorporation: Their turnaround times are unclear at best. Whereas most companies in this industry list standard and expedited processing speeds for each state, MyCorporation does not. In addition, if you want to expedite your order, they charge an extra $100 in-house rush service fee on top of the state’s expediting fee, and they still don’t give you a turnaround estimate. Instead, they simply say that expediting your order could increase your formation speed “up to 85%.”
What Is the Biggest Advantage of Each Service?
ZenBusiness has a significant advantage over most other companies in this industry. That, of course, is our offering of a fully featured business formation service package for free (state fee not included).
As for MyCorporation, they have a couple of advantages as well, with the biggest one being their experience, as they’ve been around since the 1990s.
Which Company Offers More Help With Ongoing Compliance Requirements?
You can get plenty of quality assistance with ongoing compliance issues from either of these companies. ZenBusiness provides registered agent service for $99 for the first year and $199/year after that, and we also have annual reports available for $100.
MyCorporation offers these features as well, with registered agent service priced at $120 for the first year and $179 for subsequent years. They also offer annual report service costing $99.
Can I Get a Refund if I Need One?
ZenBusiness has one of the best refund policies in the industry. This company provides you with 60 days in which to analyze your purchase. If you’re unhappy for any reason, you can simply request a refund and we will grant it. We don’t even charge any cancellation fees!
MyCorporation’s refund policy is very similar, but with one noteworthy disadvantage. They provide a 60-day window in which to request a refund, and they will grant it with no questions asked. If you purchased any physical products (like a business kit), or if you need your business documents altered in any way, they do charge a $25 reprocessing fee.
Which Is the Better Option if I Need Publication Service?
In some states, you need to publish your company’s formation in a regional newspaper. For example, Arizona and Nebraska require publication for LLCs and corporations, New York requires it for LLCs only, and Pennsylvania and Georgia have this requirement for corporations only.
While MyCorporation does not provide their clients with any assistance for publication requirements, ZenBusiness actually offers to handle this step on your behalf. It’s a big advantage if you need to incorporate in one of these states.
Am I Required to Use a Formation Service?
There is no legal requirement that dictates the usage of a professional formation service to form a new business entity. In fact, we even have our own step-by-step instructions to help you form your own corporation if you would like to try the DIY option.