An Overview of Annual Report Filing Services

If you would rather receive some assistance with your annual reports, you’re in luck! The same companies that offer reliable business incorporation services also typically provide annual report services.

Some of these companies simply offer to complete and submit the annual report form for an affordable rate. Meanwhile, some companies (like MyCorporation) provide managed services in which they keep track of your due dates and file your reports each year. MyCorporation also has an intriguing bundle that combines annual report and business formation services!

In this guide, we’ll discuss what MyCorporation has to offer for annual report service, and also take a look at several other important aspects of this company. Let’s get started!

MyCorporation Annual Report Service Review

Let’s quickly review its pros and cons before we dig into the details.

Pros

• Good managed annual report service
• Solid business formation and annual report service bundle
• Lots of experience

Cons

• Super-expensive shipping fees for some services

The MyCorporation Annual Report Service Packages

With MyCorporation, you can order managed annual report service as a standalone feature, or you can purchase its combo pack that pairs annual reports with business formation service.

For $99 per year, MyCorporation will track your reporting due dates, prepare your annual reports, and file them with the state. It’s a comprehensive service package that will entirely remove annual reports from your business to-do list.

MyCorporation’s pricing for the combination of incorporation and managed annual report services starts at $158, plus the state’s fee. This bundle provides the prep and filing of your business formation paperwork and one year of annual report service, complete with due-date tracking and online document storage.

Overall Pricing and Value:

At $99, MyCorporation has the lowest price point we’ve ever seen for managed annual report services. In addition, its annual report/business formation service package is only $158, which is also a solid rate.

We will note that neither of these options includes many bonus features but considering how low the price points are, we don’t feel like that’s a necessity. Overall, MyCorporation has competitive pricing for both standalone managed annual report service and package deals with business formations.

Track Record:

MyCorporation opened its doors in 1998 and has served more than 1 million customers in the years since then. This is a strong track record that gives MyCorporation an experience advantage over its smaller competitors, while still not reaching the “faceless corporate behemoth” status of a company like Rocket Lawyer.

One area we’re a bit disappointed by is the small number of customer reviews we were able to find relative to the company’s experience level. While some competitors have tens of thousands of reviews available, we only found 380 reviews for MyCorporation.

That said, the quality of those 380 is impossible to question, because nearly every single one of those reviews is positive. In fact, MyCorporation has an impressive 4.8/5 average score on reputable third-party review aggregator websites. Overall, we wish they had more feedback but the reviews they do have are good.

Customer Support:

MyCorporation has some advantages and disadvantages in this category. On the positive side of the ledger, this company keeps its customer support in-house, so you’ll always talk to a knowledgeable professional instead of a random call-center employee.

However, MyCorporation’s short hours of availability leave something to be desired. They’re only available from 10:30 am to 7:30 pm ET, so depending on where you’re located and what type of business you operate, you might have to take time out of your workday to get in touch with them.

Ease of Use:

The entire point of using an annual report service is to make this part of your business run seamlessly with little-to-no effort on your part. MyCorporation certainly fits the bill, as it’s simple to place orders, renew services, and navigate its website.

That said, MyCorporation requires you to create an account and complete an email verification process before you even access its annual report service order form, which is a bit of an annoying step that most competitors don’t require.

How Does MyCorporation Work?

The process of ordering annual report service from MyCorporation couldn’t be much simpler. Here’s an overview of what you can expect when you click the “File Your Annual Report” button on MyCorporation’s annual report service page. Keep in mind that the reporting process and required information can vary a bit from state to state, but for the most part, the MyCorporation order form will look like this:

• Create your MyCorporation account: Enter your name and email address, then select a password for your MyCorporation account. Once you’ve done so, you can start filling out the order form.
• Enter your business info: In this step, you’ll choose your entity type from a drop-down menu, then provide the official business name of your company. You will also indicate in which state and country the business was formed. Finally, choose the state where you want to file your annual report.
• Provide contact info and business details: Next, you’ll fill in your email address and name again, and also provide your phone number and address. Then, enter your business name again, indicate the date you formed the business, and provide your company’s principal business address. In addition, you’ll provide your company’s filing number, federal tax ID number (EIN), business activity, a brief business description, and an indication of your company’s management structure.
• Enter ownership and registered agent info: This step includes providing MyCorporation with the names and addresses of your company’s owners, along with the name and address of its registered agent.
• Choose shipping options and submit payment: The final step includes the option to add rush filing and/or priority shipping and handling. Then, you’ll enter your PayPal or credit card info and click the “Review Your Order Details” button. If everything looks good, submit it and you’re good to go!

What Are MyCorporation Customers Saying?

As we mentioned earlier, we tracked down 380 reviews of MyCorporation’s services, and nearly all of them were positive. In fact, this company holds down a 4.8/5 average rating score, indicating widespread acclaim for its services.

When we dug into the specifics of MyCorporation’s customer feedback, we noticed a couple of trends. First and foremost, customers frequently praise the high quality of MyCorporation’s support team, often thanking a specific representative by name in their reviews. In addition, customers often discuss how efficient MyCorporation’s services are.

The only aspect of MyCorporation’s customer feedback that’s lacking at all is volume. For a company with more than 1 million customers served, we expected more than a few hundred reviews, especially since competitors like Incfile have tens of thousands of reviews available.

Our Final Thoughts

MyCorporation is one of the most popular managed annual report services, and it’s also a good choice for the combination of annual report and business formation services. We appreciate how MyCorporation offers such low price points for annual reports, and we’re always impressed by its strong track record.

Disclaimer: The content on this page is for informational purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.