The limited liability company is an increasingly popular business structure in America, with thousands of new LLCs being formed every day. The LLC is effectually a hybrid business type, occupying the space between the rigid formalities of a corporation, and the casual nature of a general partnership or sole proprietorship.
If you want to form an LLC in the United States, you will need to designate a registered agent. The role of the registered agent involves the usage of their address as your official business address, which means they’ll receive important document deliveries on your behalf, including court summons and other official correspondence from your state government.
There are many companies that offer LLC formation service and registered agent services online, and it’s sometimes difficult to determine which one has your best interests in mind. In this comparison, we’ll take a close look at MyCorporation and Swyft Filings. Which one is the better choice to form your new LLC and provide registered agent service?
30-Second Summary Of MyCorporation VS. Swyft Filings
MyCorporation receives solid customer reviews, and they also offer good support. However, the issues with MyCorporation start with their $34 shipping fee, which is not added into the advertised price of their packages. This is a rather lofty fee considering all it covers is mailing a few pieces of paper. In addition, they offer “rush processing” for $100 or more, but they don’t indicate how much this speeds up your turnaround time.
Swyft Filings is a recent addition to the business formation services industry, but they serve a high volume of clients. Their best selling point is their excellent customer feedback, with thousands of reviews and high average rating scores.
While these are both strong companies with good track records, you can save some money on your LLC formation with Swyft Filings, so they’re our preference, although it should be noted that MyCorporation isn’t far behind.
We Recommend Zen Business
These LLC Services vs Other Options
MyCorporation ranks ninth in our registered agent guide, and they’re in the #10 spot in our LLC guide. Meanwhile, Swyft Filings placed eighth in our LLC service guide, and they ranked #11 on our registered agents list. As you can see, this is certainly a close competition in our eyes.
There are plenty of competing services in this industry though. If you want more information about two of the most popular options, check out our Zen Business (vs) LegalZoom comparison guide. To see our entire comprehensive guide to LLC formation services, this review runs down our top 14 options, including a spotlight on Zen Business, our top pick.
Pricing & Additional Features
MyCorporation:
- LLC formation (starts at $133) – MyCorporation’s Basic package includes only the necessary features to form an LLC, like a business name availability check, and the preparation and filing of your articles of organization. However, for an additional $25, they’ll add one year of managed annual report service.
- Registered agent ($120/year) – MyCorporation charges an annual fee of $120 for registered agent service, which does not include any additional features beyond the basics of registered agent.
Who should use their services? MyCorporation really doesn’t stand out from the pack in any specific way. There’s certainly nothing wrong with purchasing LLC formation or registered agent services from them, but there’s also no real reason to recommend them.
Swyft Filings:
- LLC formation ($49) – Swyft Filings’ entry-level formation package includes a business name availability check, as well as the preparation and filing of your articles of organization. In addition, you’ll receive a statement of the organizer, access to a compliance dashboard, and some third-party bonus offers like a free domain name for a year.
- Registered agent ($149/year) – Swyft Filings charges a flat rate of $149 per year for registered agent service. This rate includes regular compliance reminders so that you never miss an important filing due date.
Who should use their services? We typically recommend Swyft Filings to entrepreneurs that don’t need registered agent service. Their LLC formation package is reasonably priced, but it doesn’t include registered agent, and their registered agent service is too expensive to recommend as an add-on.
Total Price for LLC Formation + 1 Year Registered Agent
MyCorporation: $253 (plus state fee)
Swyft Filings: $198 (plus state fee)
Customer Satisfaction
MyCorporation: MyCorporation doesn’t have a ton of online customer feedback, but what they do have is mostly positive. Their largest collections of reviews are on Google, where they have 148 reviews and a perfect 5-star rating, and on Trustpilot, where they have 200 reviews and a 3.5 out of 5 star score. Their customers typically discuss how pleased they are with MyCorporation’s customer service department, and they also appreciate how simple they make the formation process.
Swyft Filings: Swyft Filings has more than 26,000 customer reviews online, and almost all of them are highly positive. Their satisfied customers often compliment their support reps for the excellent service they receive, and also comment on how easy Swyft Filings makes the business formation process.
Quality of Customer Service
MyCorporation: With MyCorporation, you can access their customer support team via either phone or email. Either way, their support reps are quite responsive, as we’ve never had to wait on hold for long, and they also reply to emails quickly. Their representatives are highly trained, and they’re capable of answering difficult questions. We’re pleased with the quality of their support overall.
Swyft Filings: With Swyft Filings, you can access their customer support team via phone, email, or web chat. In our experience, their response times are quite fast, and their representatives are usually able to answer our questions quickly and accurately. They don’t particularly stand out from the crowd in this area, but they certainly hold their own.
Company Stats and Track Record
MyCorporation: Since they opened in 1998, MyCorporation has served over a million clients. They’re based in California, but they provide business services in all 50 states. They offer a wide variety of business services, and we appreciate their level of transparency. You can actually contact their CEO directly on Twitter @deborahsweeney if you have any questions or comments about their service.
Swyft Filings: Swyft Filings was created in 2012 by a lawyer, but other than the fact that they’ve helped form tens of thousands of businesses, there is little else on their website regarding their track record.
Final Scores and Our Recommendation
We Recommend Zen Business
MyCorporation (3.8/5): MyCorporation has some aspects we appreciate, and they stack up favorably against some competitors due to their solid customer reviews. Still, we think Swyft Filings is pretty clearly the better option here, due to their outstanding reviews and their superior pricing for LLC formations.
Swyft Filings (4.2/5): Swyft Filings has several advantages when compared to most competitors, like their low LLC service pricing and strong customer reviews. They do have some shortcomings as well, but on the whole we would rather recommend them than MyCorporation.
Our Favorite Service – Zen Business (4.9/5): While we appreciate some aspects of what MyCorporation and Swyft Filings have to offer, Zen Business is actually our favorite LLC formation service. For just $39, they’ll provide the full formation process of your LLC, while also including a year of registered agent service. It’s one of the lowest price points in the industry for this combination of services, and you won’t have to sacrifice anything when it comes to features.