Sun 09 Aug 2015 | By:

My New Company Review: Is it Worth It?

My New Company ReviewWelcome 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!

What You Should Know About My New Company

Pros

  1. My New Company helps you incorporate without needing to understand the vast amounts of legal jargon or red tape involved in registering your business.

  2. Quick processing and immediate delivery of scanned files. You can also track your order in real time through My New Company’s order tracking tool.

  3. If you filed with them today, your order will be processed tomorrow if it’s a business day.

  4. Highly accessible phone/email support for any questions that may arise. They have some of the best support in the industry.

Cons

  1. My New Company isn’t the most affordable service available. If you’re starting a business on a budget and are looking for a similar/reliable service that does everything but $30 less, check out IncFile.

  2. With My New Company you have to pay extra for the Registered Agent services (or buy the Complete package), which comes with every package through other online incorporation services.

My New Company Pricing & Features

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.My New Company Pricing my-new-company-pricing-and-features

PACKAGE 1) BASIC

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.

PACKAGE 2) ENTREPRENEUR

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.

PACKAGE 3) COMPLETE

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.

Should You Use My New Company?

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 and $30 more.

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.

Visit IncFile Or Visit My New Company