MyCorporation
Start & File Your LLC or Corporation Business
Business Initiative
Business Intelligence That Forms Your Business
Side-by-side comparison. Data as of 2026-02-16.
Company Background
MyCorporation
HQ: Calabasas, California (26025 Mureau Rd)
Ownership: Private (independent)
Employees: 11-50
Formations: 1,000,000+ businesses
Key Milestones
- Founded 1998 in California
- Rebranded from MyNewCompany.com
- Served 1M+ clients nationwide
- Launched MaintainMyBiz® maintenance program
- Achieved 4.9/5 from 4k+ reviews
Business Initiative
HQ: New York, NY (virtual/nationwide operations)
Ownership: Private (founder-owned)
Employees: 1
Formations: Not publicly disclosed (quality-focused, low volume)
Key Milestones
- Launched 2021 as educational platform
- Evolved to full-service formation + RA services
- Built AI tools, stats library, and provider directory
Core Services
MyCorporation Services
Formation types:
- ✓ LLC
- ✓ Corporation (C-Corp, S-Corp, B-Corp, Professional)
- ✓ Nonprofit
- ✓ Foreign Qualification (all states)
- ✓ Change of Registered Agent
- ✓ DBA/Assumed Name
Differentiators:
- MaintainMyBiz® (ongoing maintenance & filing services)
- Corporate kits in higher tiers
- Startup Wizard (personalized guide)
- Lifetime company alerts
- 1M+ formations; 25+ years
Business Initiative Services
Formation types:
- ✓ LLC
- ✓ Corporation (C-Corp, S-Corp)
- ✓ Partnerships
- ✓ Foreign LLC/Corp qualifications
- ✓ Change of Registered Agent
Differentiators:
- All state/federal fees included upfront
- Business intelligence platform (stats, AI selector, education)
- Directory of other providers
- Founder-led, transparent education
Both offer nationwide RA coverage. Compare differentiators above to see where each shines.
Pricing & Value
| Category | MyCorporation | Business Initiative | Winner |
|---|---|---|---|
| First Year Total | ~$224 + state fees (Deluxe + RA included) | ~$310+ (LLC formation + RA) | Business Initiative |
| RA Annual Fee | $120 first year (Deluxe/Premium); $179-$249 renewal | $125/year per state (multi-company discounts) | — |
| Value Score | 8.0/10 | 8.5/10 | Business Initiative |
Speed & Performance
MyCorporation
Avg formation: Quickest filing times (1-3 business days standard)
Expedited: Included (same-day possible by 3pm EST)
Business Initiative
Avg formation: 7-14 business days standard
Expedited: 1-3 business days ($25-$200); same-day before 1 PM EST
Public Reviews
| Source | MyCorporation | Business Initiative |
|---|---|---|
| Trustpilot | 3.2/5 | 3.8/5 |
| — | 5.0/5 |
Pros & Cons
MyCorporation — Pros
- ✓ Quickest filing times
- ✓ MaintainMyBiz® maintenance
- ✓ Corporate kits included
- ✓ Startup Wizard & dashboard
- ✓ 1M+ formations
MyCorporation — Cons
- ✗ RA $179 renewal
- ✗ Some upsells
- ✗ Pricing stacks with add-ons
- ✗ Mixed Trustpilot
- ✗ Smaller scale
Business Initiative — Pros
- ✓ All fees included (transparent value)
- ✓ Privacy-first RA ($125 flat)
- ✓ Educational platform (stats/AI tools)
- ✓ Fast human support
- ✓ Nationwide + foreign quals
Business Initiative — Cons
- ✗ Newer (fewer formations track record)
- ✗ Limited review volume
- ✗ Basic add-ons
- ✗ No 24/7 chat
- ✗ Virtual-only operations
The Verdict
Choose MyCorporation if: Excellent for founders who want fast formation with built-in maintenance—great if you need kits, alerts, and long-term support without the big-name price.
Choose Business Initiative if: Beats competitors on all-in costs and smarts—perfect for informed operators who want a partner, not just a filer.
Higher rating: Business Initiative (8.7/10)
Ready to start your business?
Business Initiative offers formation and registered agent services. Fill out the form to submit your formation filing request—options and pricing are included.
Orders placed before 1:00 PM EST are processed same-day!
Use Business Initiative