MyCorporation Annual Report Service Review

MyCorporation is a popular annual report service for several reasons. It offers reasonable pricing for basic annual report services and a bundle that combines annual report and incorporation or LLC formation services. But is MyCorporation the right company for you?

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

• Reasonably priced basic annual report service
• Solid business formation and annual report service bundle
• Plenty of experience

Cons

• Expensive shipping fees for some services
• High prices for LLC formation service

The MyCorporation Annual Report Service Packages

With MyCorporation, you can order an 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 prepare your annual reports and file them with the state. 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.

Overall Pricing and Value

At $99, MyCorporation has a reasonable price point for basic annual report services. In addition, its annual report/business formation service package is $158, which is also a decent rate. Keep in mind that you’ll need to add your state’s fee to either of these price points.

We’ll note that neither of these options includes many bonus features. Overall, MyCorporation has competitive pricing for both standalone annual report services and package deals with business formations.

Track Record

MyCorporation opened for business back in 1998, and they’ve helped over one million clients form and manage their businesses since then. This level of experience is supplemented by a few hundred customer reviews that are available online, and these indicate that most of those clients are pleased with the service they receive.

Of the 400 reviews we found for MyCorporation, the majority are high ratings, although their overall average score falls a bit short of some competitors. In their positive reviews, their clients discuss how they appreciate MyCorporation’s advanced features, as well as their helpful customer support representatives.

Customer Support

MyCorporation offers phone and email support. There is also a “leave a message” feature on their homepage that remains on the page as you scroll, which seems to be another way to access their email support.

We submitted a question via email and received a response by mid-afternoon the next day. Our question was answered but not greatly elaborated upon. We also called, and our response was slightly more detailed. We didn’t wait on hold for long, and it was easy to navigate through to a customer service representative.

In both instances, the representatives were professional, and the response times were pretty quick. Another added bonus in this regard is the fact that MyCorporation CEO Deborah Sweeney lists her Twitter handle on their website, so if you have any problems that aren’t getting satisfactory answers from their team, you can go straight to the top with your complaints. However, they’re only available from 10:30 a.m. to 7:30 p.m. on weekdays, which are pretty restrictive hours of operation.

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 fits the bill, as it’s simple to place orders, renew services, and navigate its website.

How does MyCorporation work?

The process of ordering annual report service from MyCorporation is simple. 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’ll 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 employer identification 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?

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 and Trustpilot. We found about 400 reviews, with an average score right around 4.0.

Their satisfied customers discuss how pleased they are with MyCorporation’s customer service department, and they also appreciate how simple they make the formation process. Most of MyCorporation’s negative reviews seem to revolve around billing confusion.

Our Final Thoughts

MyCorporation is a popular annual report service, and it’s also a viable option for the combination of annual reports and business formation services. We appreciate how MyCorporation offers reasonable price points for annual reports, and we’re always impressed by its high customer volume.