Welcome to Startup Savants look at the IncFile vs MyCorporation situation. Don’t worry, we’ve put all the pertinent details in one place in a neat easy to digest way. The long and short of it is that both IncFile and MyCorporation are ready to handle your incorporation. But before you choose one, it’s best to understand what each service offers.
We’re going to dig into their commonalities, differences, packages and pricing. By the end, I’m confident you’ll know which is right for you. Let’s begin!
Real talk, these companies have far more in common than not. It’s a good thing. There’s nothing wrong with a little healthy free market capitalism to make things better for you!
Sticking to a budget is important, but at some point you’ll need to invest money into the right services. That said, let’s look at the way these companies package and price theirs.
IncFile has three incorporation packages: Silver, Gold and Platinum. Do note Silver is $20 cheaper than MyCorporation’s basic package. Let’s dive into the nitty-gritty. Forgive the clunky screenshots, just trying to save you some time here.
Personally I think these prices regardless which package you choose are amazing! And they’re competative to the entire industry. Have you ever tried to see how much a conventional lawyer would cost, or what it would be like to try and source all these documents yourself, manage to file them on time then stay in compliance? What a nightmare!
Here’s a quick visual breakdown of what you get. NOTE – with platinum you get everything you need in terms of documents and filing…plus a top notch new website and domain name if you haven’t already got’em.
Instead of three, MyCorporation has four packages: Basic, Standard, Deluxe and Premium. Here’s their package table with pricing and features. Notice any similarities aside from pricing?
Note: There are two filing options in MyCorporation, Standard and Rush filing. This is set to Standard.
Compared to IncFile’s Silver package, MyCorporation’s Silver package only has three features. All others are considered add-ons. In fact, the Standard and Deluxe packages are just one feature apart. Tons of entrepreneurs prefer the Deluxe because of this reason, it’s the most popular among the four. The Deluxe and Premium packages are also just a feature apart.
MyCorporation’s Premium package and IncFile’s Platinum package have the same price of $299, far cheaper than hiring a lawyer to incorporate your business.
When you’re in the process of choosing an incorporation provider, keep two things in mind: price and features, then roll with the features you need most at the price that makes the most sense.
If you try to examine the comparison that we made, there’s no question, IncFile has the edge over MyCorporation. Although MyCorporation has great features, when you put them side-by-side, IncFile is more complete. Plus you'll save $20 which isn't such a bad thing.IncFile ($49) Or MyCorporation ($69)