Welcome to Startup Savant’s review of My New Company, an online incorporation service that’s been around since 2001. Over the last couple years we have met tons of fellow entrepreneurs who used My New Company and this review will help see if their services are right for you.
Below we’ll get to know how they stack up so you’re aware of all your options for starting a business. We pride ourselves on being the #1 resource for startups and its important to take a close look at pricing, features, and filing times.
With that said, here’s a few tid-bits and then we’ll dive in:
Quick-Note: If you decide My New Company is right to start your business today, use the coupon code MNC15 at checkout to get an additional 10% off your order!
My New Company helps you incorporate without needing to understand the vast amounts of legal jargon or red tape involved in registering your business. However, the primary reason they’re $30 more expensive than IncFile is because their process is a bit more involved whereas IncFile pretty much takes care of everything.
Let’s look at some of their primary features and package structure.
You’ve got three packages to choose from – Basic, Entrepreneur and Complete. At the end of the day the reason their Complete package is the most popular is because you get a Registered Agent. Below we’ll break them down and look at the additional services they offer with each.
Price: $79 + state filing fee
Basic Features: Unlimited name availability searches, file articles of organization, personalized organizational minutes, personalized LLC operating agreement, The New LLC Handbook, startup checklist, free business tax consultation, free marketing consultation.
Add-ons: Federal Tax ID, LLC kit, seal and member certificates, MyCompany forms, lifetime business forms and tax guide, Registered Agent Service, Compliance Lock, Business Credit Wizard.
Price: $199 + state filing fee
Basic Features: Everything from the basic feature of the Basic package plus Federal Tax ID, LLC kit, seal and member certificates, MyCompany forms, lifetime business forms and tax guide.
Add-ons: Registered Agent Service, Compliance Lock, Business Credit Wizard.
Price: $279 + state filing fee
Basic Features: Everything from the basic feature of the Entrepreneur package plus a Registered Agent Service, Compliance Lock, Business Credit Wizard.
Add-ons: Compliance Lock, Business Credit Wizard.
Aside from the packages, you can choose your filing speed for an additional fee. The standard 15 business day processing is free of charge. But if you choose the rush filing service which processes your order in eight business days, there’s a $50 fee for the service.
My New Company is a safe and secure way to start your business that’s very similar to IncFile, just a bit more involved in the post-formation process. In my opinion they’ve probably got a little more overhead than IncFile which may account for their slightly increased rates.
The big difference is that through IncFile you get a year of free Registered Agent service which My New Company charges for, unless you choose their premium package.
Listen, if the shoe doesn’t fit, don’t force it. My New Company is a great service, but there's nothing wrong with saving $30 by going with an option like IncFile. Either way you and your business will be in good hands. Both services have started over 50,000 businesses like yours.
What's important is that you take the leap and protect your business. You'll be glad once it's done and both these providers make the process a cake walk. Click your choice now and within minutes the ball will be rolling.IncFile Or My New Company