Last Updated 17 May 2017 | By:

My New Company REVIEW

(Pricing, Features, Customer Reviews & More)

MyNewCompany LLC ReviewIntimidated by all the hoops you’ve got to jump through before you can get your new business registered and off the ground? Is working with a conventional lawyer or law firm off the table for now due to budget constraints?

No worries, this is where online incorporation providers like My New Company can swoop in to help at more affordable rates.

In this My New Company review, we’ll go through some pros and cons, popular features, package options, customer reviews and more to discover whether their slogan, “Startups Made Simple,” will hold true for you. Enjoy!

Quick-Note: If you decide My New Company is right to start your business today, use the coupon code STARTUP10 at checkout to get 10% off your order!

Some Pros & Cons of My New Company

Pros

  1. Pricing: Though they’re not the cheapest in the industry, their $79 starting rate is competitive. And no matter how many add-on services you choose, it’ll still cost way less than the traditional lawyer charges.

  2. Order Tracking: Their online order-tracking tool makes it easy to find out exactly where you’re at in the incorporation process and comes included in all their packages!

  3. Next Business Day Processing: Another perk that’s included no matter which package you choose. If you file with them today, your order will be processed tomorrow (as long as it’s a business day).

  4. 100% Satisfaction Guarantee: If you’re not totally pleased with their services, My New Company will bend over backwards to resolve the problem or issue a refund. Although it’s unlikely, it’s always nice to have a safety net!

  5. Abundant Reviews: Unlike many of their competitors, My New Company has almost 1000 reviews for interested users to scroll through before committing. Spoiler alert — they’re overwhelmingly positive. In fact, they’ve only had one complaint, which was resolved and deleted.

Cons

  1. While My New Company’s rates are on the low end, there are still more affordable ones out there. IncFile is another reliable service that will form your business for $30 less.

  2. My New Company’s Registered Agent services cost $99 per year (or included in the Complete package), while a service like IncFile offers one year free in all of their packages.

My New Company Pricing & Features

My New Company offers three tiers of incorporation service: Basic, Entrepreneur and Complete.

Quick Note: State fees vary from state to state.

My New Company Pricing

As you can see in the above screenshot, the Basic package includes most of the features you’ll need to form your new company. One service we’d like to see included is the registered agent, because many competitors bundle six months to a year of registered agent service with your document filing. Still, $99 is a low annual rate for registered agent service — the competition often charges around $150 — so in the long run you still largely come out ahead with My New Company.

Upgrading to My New Company’s most popular Entrepreneur tier provides a federal tax ID number, a custom corporate kit and access to an online business document database. LLC kits and seals are no longer required for most businesses, but they look fancy, which is never a bad thing! As for the document library, My New Company says that it includes over 200 continuously updated documents, including contracts, tax forms and much more. Finally, the Complete tier adds only a year of registered agent service, at a $19 discount over adding it separately.

If you’re asking us, we like the idea of packaging the Basic tier with registered agent service and a federal tax ID. My New Company’s rates for these add-ons are perfectly fair, and this combination runs up a price tag of $223, while arguably providing more value than either of My New Company’s own upper-level packages.

Shipping and processing times won’t be a deciding factor between the three packages. As displayed below, these options and prices do not vary between the three service packages.

my-new-company-pricing-and-features

My New Company Customer Reviews

My New Company customer reviews are overwhelmingly positive. They’re currently maintaining an A+ rating with the BBB, a 4.8/5 overall satisfaction rating on Shopper Approved, and a Gold Seal on eKomi. Of their nearly 1000 reviews, the vast majority are 5-stars and none lower than 3.

MyNewCompany Customer Reviews

Honestly, there are a fair amount of providers in this industry with almost no customer feedback, so it’s nice to be able to scroll through so many reviews – especially when they’re positive. To be thorough, here’s a screenshot of their most recent reviews on Shopper Approved:

MyNewCompany Shopper Approved Reviews

If you’ve never worked with companies like these before, going through the testimonials is a great idea because it’ll probably point out a couple things you’re forgetting. You’ll also see where most of their customers find real value, which isn’t always so apparent.

Mynewcompany customer reviews 2

How Does My New Company Compare?

My New Company LLC ComparisonMy New Company offers affordable incorporation services, and their customer reviews are nothing short of fantastic. Of course, there are other companies that can also form your new business, so let’s take a quick scan of the competition to see if there’s another option you might prefer.

If you want an even less expensive choice than the already affordable My New Company, you can save another $30 by going with IncFile. While IncFile’s base-level product is a rather minimal and comparable to My New Company’s base package, the $49 price point and strong consumer reputation make IncFile an option well worth looking at. After all, sometimes you don’t need much more than the basics!

On the other hand, if you think you’ll require some level of ongoing services, Rocket Lawyer could be the best option for you. Rocket Lawyer runs off a monthly subscription model, charging either $39.95 or $49.95 per month for access to a large assortment of features. Rocket Lawyer will even connect you with an attorney at discounted rates! Obviously, not all companies require all of these features, but if you do, Rocket Lawyer is a strong value.

At the end of the day, we’re confident that any of these three companies will do a great job registering your new business. Whichever one you choose, we wish you the best of luck with your business!

HERE’S A QUICK VISUAL

IncFile
  • Pricing Starts at
    $49

  • 100,000+ Businesses formed so far

  • Perfect for:
    Anyone starting a business on a budget and need quick formation

Visit Website
My New Company
  • Pricing Starts at
    $79

  • 50,000+ Businesses formed so far

  • Perfect for:
    Anyone looking for an exceptional service for less money

Visit Website
ROCKET LAWYER
  • Pricing Starts at
    $99

  • 10,000+ Businesses formed so far

  • Perfect for:
    Anyone wanting the choice between basic formation or a suite of online legal services

Visit Website

Frequently Asked Questions

Can’t I Just File Myself?

Yes, but it’s a lot to juggle on your own. Unless you’re particularly familiar with formal legal paperwork, we highly recommend using an online filing service to cut down on time, money and risk. If you're interested in the DIY approach, we’ve designed free step-by-step LLC formation and Corporation formation guides to help you along the way.

Are Their Services User-Friendly?

Yes! They’ve had exactly zero complaints concerning their services being difficult to use. Their platform is easy to navigate and their well-loved, highly-accessible customer service reps are there to help with any problems you encounter.

What’s Their Refund Policy?

Their 100% satisfaction guarantee promises your money back if you’re not absolutely thrilled with your service. However, they’re unable to refund any taxes or state fees incurred throughout the process.

Does My New Company Offer Any Discounts?

Yes! If you decide My New Company is right for you, use the coupon code MNC15 at checkout to get an additional 10% off your order.

Do They Offer Ongoing Support?

Their customer service staff are available on weekdays from 9 am to 5 pm (PT) to help you out no matter where you are in the process. They also offer tons of post-formation services, which are listed under the “Manage a Company” tab on their homepage.

Should You Use My New Company?

My New Company is a safe and secure way to form your business, that much we can say for sure. If you feel like they're a fit after reading this review, use the coupon code STARTUP10 at checkout for 10% off your order!

However if you'd like to explore your other options and see which services offer lower pricing, deeper features and more, click the green button below to compare the top 7 services.

Visit My New Company Or Visit Alternatives