MyCorporation vs File.Business: compliance suite
Choosing between MyCorporation and File.Business for compliance suite? Here's the honest comparison. MyCorporation typically charges $99 for entry-level service plus higher renewal fees. File.Business charges $0 service fee and uses transparent pass-through state fees.
Compliance Suite comparison at a glance
| Item | MyCorporation | File.Business |
|---|---|---|
| Entry-level price | $99 | $0 |
| Compliance Suite service fee | $99+ | $0 |
| RA renewal fee (year 2+) | $160/yr | $99/yr |
| Penalty-free guarantee | No | Yes |
| Compliance calendar | Partial / add-on | Included with Pro |
| SOC 2 certified | Varies | Yes (Type II) |
| Founded | 1998 | 2017 |
Where MyCorporation wins
Long history, accountant referrals.
Where File.Business wins
- Lower total cost. Dated experience, slow adds up over years.
- Modern platform. Mobile app, public API, document vault, integrations built in.
- Penalty-free guarantee. If we miss a state deadline, we cover the late fee.
- Compliance Suite included on Pro. We do not bill compliance suite separately.
- $0 service fee always. The state fee is your only formation cost.
3-year total cost (sample comparison)
For a single-state LLC over 3 years (formation + 2 RA renewals + annual reports):
- MyCorporation: $519 (entry-level + 2 RA renewals + state fees)
- File.Business: $298 (RA free year 1, $99/yr after + state fees)
- You save: $221 over 3 years
Migration playbook: switch from MyCorporation to File.Business
We make the switch easy. Steps:
- Sign up for File.Business and choose your service plan.
- We file a change of registered agent with your state (free in year 1).
- We pull your filings from MyCorporation and add them to your document vault.
- Your compliance calendar starts tracking deadlines automatically.
- Cancel your MyCorporation subscription with the cost savings.
FAQ: MyCorporation vs File.Business for compliance suite
Is File.Business cheaper than MyCorporation for compliance suite?
Yes. MyCorporation typically charges $99 for entry-level service plus higher renewal fees. We charge $0 service fee and $99/year RA after year 1.
Can I switch from MyCorporation to File.Business mid-year?
Yes. We file a change of registered agent for your entity and import your existing records. No interruption to your business.
Does MyCorporation have anything File.Business does not?
Long history, accountant referrals. We address these gaps through our partner network.
What is the catch with $0 formation at File.Business?
No catch. We make money on optional add-ons (banking referral fees, partner attorney referrals, premium tiers) which you do not need to use to get value.