If you want to start a new LLC or corporation, you’ll need to register it with your state’s relevant department - often, the Secretary of State. The complex can be complex, however, so many online services offer guided help for the business formation process. Two popular options are ZenBusiness and MyCorporation. In this article, we’ll compare the two, helping you to choose the option that’s best for your situation.
Both of these companies are business formation services which can help you start a new company. They essentially act like middlemen, bridging the gap between you and your state. They add value by simplifying an often-confusing process, and ensuring that your business is formed accurately and efficiently.
Check out our roundup of Best LLC Services
ZenBusiness is a subscription-based service that helps with initial business formation as well as ongoing services. With ZenBusiness, you can start a new:
ZenBusiness makes it easy to start a new business in any US state. They are known for excellent customer support. ZenBusiness offers premium support, and they have the track record to prove it. You will find many positive ZenBusiness reviews on sites like TrustPilot and the Better Business Bureau.
Another unique aspect of ZenBusiness is that it is a subscription service. All plans bill annually, and many valuable ongoing services like Registered Agent, a business website, and more.
See the full review of ZenBusiness here.
MyCorporation is a business formation and ongoing business services provider. With MyCorporation, you can start a new:
MyCorporation does focus on the initial business formation process; but they also offer a wide range of useful business services. For instance, they can help with ongoing compliance needs, like filing annual reports and serving as your Registered Agent. They can also help with intellectual property protections, such as copyrights and trademarks, and extras like Employer Identification Numbers (EIN).
MyCorporation also has a great reputation and positive customer feedback. Their business formation packages are one-time fees, rather than subscription-based; although many additional services do have ongoing costs.
See the full review of MyCorporation here.
When comparing any two services or products, pricing is a substantial factor to pay attention to. The biggest difference between these two options is that ZenBusiness is an ongoing subscription service, while MyCorporation is a one-time fee (with the option to keep ongoing services). Here are the details.
As you can see, both services offer a variety of business formation packages and add-ons. Which is the best LLC service for you? That really depends on what you need.
On the lower end, MyCorporation has the lowest-cost package, at just $99. But, it’s a pretty bare bones package, so you may wish to consider some of the added-cost upsells. If you want to use one of these services as your Registered Agent, ZenBusiness LLC plans are a better value.
Overall, pricing on these two services is similar to the competition. You will find similar packages and price-points from other LLC formation services like LegalZoom, Incfile, and other incorporation services.
The specific features and services that these two companies offer do differ somewhat. There’s not a clear “winner”, as each brings something unique to the table.
ZenBusiness has marketing tools like a business website, domain name, etc. They also have very cost-effective Registered Agent services, as the service is offered in all plans. A variety of ongoing services help support ongoing business needs.
MyCorporation has support for more specialized business entity structures, such as B-corps and nonprofit entities. They also have intellectual property protections, and a somewhat wider selection of ongoing compliance services to help you file important documents. Neither company offers true legal services, so if that’s what you’re looking for, you’ll need to look elsewhere.
As for processing time, both companies are similar - although it will depend on which package you choose. With ZenBusiness, the premium packages offer faster turnaround times (as little as a few business days). With MyCorporation, you can pay a flat $100 fee (regardless of package) to get rush filing speed. In most cases, this means ZenBusiness is a better value if you want fast processing speed.
Both of these companies offer well-rated, lifetime support for all small business customers. Here’s how they stack up.
Thankfully, both MyCorporation and ZenBusiness have excellent customer service. Both are well rated in customer reviews for their superior support. ZenBusiness is available for longer hours, and on Sundays, but otherwise, the two service providers are similar in their customer support approaches.
Now that we’ve gone over all the details, what’s the bottom line? Which business formation company makes the most sense for your situation?