Customer Review of LLC/Corporation formation companies:
Updated August 2020 (Now includes RocketLawyer.com):
The Top Pick: MyCompanyWorks.com
Note: MyNewCompany rebranded to MyCompanyWorks
Review by Josh Irving.
Upon researching Legalzoom Corporation costs I found many larger players include a “State Expedited Fee” of $100.00 or more. This is not really any value especially compared to the many Legalzoom alternatives. My Georgia LLC filing was submitted on Thursday Feb 3rd 2011 and approved on Tuesday the 8th, that’s 2 clear business days and was without any expedited fees. Comparison review of some of these companies’ cheapest LLC offerings (Corp’s are usually priced similarly). NOTE: these prices exclude State filing fees*
One of the major benefits of using an online service to form your LLC or Corporation is that you get timely reminders to pay yearly State fees, File etc – This is a big reason to find a reputable company to do business with.
|Company||Base Cost*||Review / Notes|
|MyNewCompany||$79.00||I used these guys and they surpassed my expectations on many levels, I received personal and timely answers to my questions (I had many). A very good experience. Even their basic service is fully featured — plus their wide array of useful related products (A dedicated Bema™ Order Management System for Resellers, Lawyers, CPA's etc) also come Highly Recommended. Based in Nevada, have been doing business since 2001. They can be trusted. I've communicated directly with the founder/president of the company on a number of occasions. He cares about his customers - the whole company follow his example.|
|Quickcorps.com||$60.00||Unknown quality. No information about the company is available on their website.|
|LegalZoom.com||$99.00||LegalZoom are big company that spends a fortune on advertising. If you want great service.. choosing a smaller company is the smart choice.|
|Incorporate.com||$199.00||How much better can it get? – Why is it so much more expensive?|
|LLC.com||$199.00||How much better can it get? – Why is it so much more expensive?|
|RocketLawyer.com||$99.95 See text >||You can opt for one time processing fee of $99.95 (for an LLC). It is not clear if you get any ongoing benefits with this. The fees at RocketLawyer appear to be tied into a $49.95/Month membership plan. Technically it might be possible to get a cheap LLC registered if you were to cancel the membership promptly.|
Recently I started a company and after researching where to create my LLC or Corporation; I found large disparity in the quality and service actually offered.
Why am I doing this? When, after much research, you find a business that is so far above the mediocre competition. I feel compelled to shout this loud from the hills and let others take advantage of this sometimes hidden information. Hidden that is amongst all the other online company ads that have sprouted up
Is it worth it to spend $300-$600 forming your new company online?
I asked myself that very same question recently and the answer is a resounding no. Unless, of course you have plenty of cash to splash around. In which case go ahead and get all the bells and whistles when you form your new LLC or corporation. You’ll get a binder and personal stamp all customized for your brand newly named company. Very nice.
But if you are looking for the best value and would rather not spend the extra cash on the binder and other added extra’s then please read on, this information took many days of research. I am pleased to pass this knowledge on to you.
Alternatives to LegalZoom, RocketLawyer, Incorporate.com, Bizfilings.com and other online incorporation companies:
I did extensive research back in 2011 when I created 2 LLC’s, I was amazed at the huge variation in the products companies that were offering. Service and prices were all over the place. Since then the waters have muddied considerably.
There are now a ton of companies offering this type of service from $25 and up.
Obviously if you are penny pinching so much that you are looking at these type of low end companies you will be better off doing it yourself.
You absolutely must be doing business with a reputable company since they are holding your potentially sensitive information. Some of the cheaper companies could even be based overseas. Imagine where your sensitive and private company data could be ending up?
These are the top 3 concerns when choosing a company to form your LLC or Corporation with:
- You want to be doing business with an established and 100% trustworthy and transparent company.
- A company that’s core products are pure company formation and closely related specialty products ONLY, not a jack of all trades like many others.
- A company that has a full inventory of products to choose from.
There is only one company that fits that description. MyNewCompany is that company. Please feel free to explore my pages (coming soon) where I go into details of the various niche customers for more information.
I hope you found this review helpful. Feel free to leave a comment below, I answer them all personally. Click the link or banner and start your new company out on the right track
Please note that this is an unashamed plug for MyNewCompany from a genuine customer of theirs!