If you’re ready to form your LLC — but not quite ready to commit to hiring MyCorporation to help you — you’re in the right place. In this MyCorporation alternatives guide, you’ll learn about a bit about 3 of MyCorporation’s core competitors: IncFile, Rocket Lawyer and LegalZoom.
MyCorporation is tough to beat when it comes to things like experience (over a million businesses served!) and ongoing compliance tools. However, depending on where your priorities are, they still might not be the perfect fit for the unique needs of your company. With that in mind, let’s take a quick look at MyCorporation’s competition, to see which is right for you. Enjoy!
Recommended: Read our review of the best LLC services.
1. IncFile - $49
If you’re working on a super-tight budget, look no further than IncFile. With packages available for as little as $49 (plus state fees, which do vary), IncFile is among the most affordable options in the entire industry. IncFile also includes a full year of registered agent service with any incorporation package that saves a bit more time and money vs. going out and finding/hiring a private registered agent. IncFile also sports more positive customer reviews than just about anyone else. They have over 2,000 reviews available online, and it’s tough to find more than a few negative comments. Low prices and top-rate customer satisfaction is a great one-two punch for IncFile.
2. Rocket Lawyer - $99
Rocket Lawyer operates in a different fashion than most of the competition. Sure, you can simply purchase a $99 package from Rocket Lawyer, but their focus is on their ongoing monthly subscription program. For $39.95 per month, Rocket Lawyer provides a wide variety of legal and compliance tools for businesses. This includes anything from LLC formations, to discount-rate consultations with business attorneys. The nice thing about Rocket Lawyer is that you can keep your subscription for as long as you’d like, or simply cancel it when you feel you no longer need it. The choice is yours, and you can cancel at any time.
3. LegalZoom - $149
If you thought MyCorporation’s claim of over a million customers served was impressive, how about LegalZoom? These guys have helped over four million businesses and individuals over the years! Of course, that could be a positive or a negative depending on how you look at it. Their extensive experience is an undeniably good thing, but maybe you don’t find the idea of working with a company so large to be appealing (LegalZoom isn’t exactly known for their personal touch). LegalZoom’s base-level package includes some features that similar packages on IncFile and MyCorporation lack, including a banking resolution and a personalized operating agreement. So, while their service is more expensive (starting at $149), you do get additional features you don’t get with the competition.
Which Should You Choose?
All 3 of these companies are perfectly capable of helping you form a business in an accurate, efficient fashion. No matter which one you choose, you’ll save countless hours over the DIY approach, and save hundreds of dollars over hiring a conventional lawyer. Whether it’s with IncFile, Rocket Lawyer, or LegalZoom we’re confident you’ll be satisfied with your decision to hire professionals to handle the paperwork side of business formation.
Still, it would be a bit anticlimactic if we didn’t pick a favorite, wouldn’t it? At the end of the day, we consider IncFile as the top MyCorporation alternative. With their combination of satisfied customers, low prices and great features, it’s tough to beat what IncFile has to offer. Also, you’ll save $40 by going with IncFile instead of MyCorporation!