MyNewCompany Review & Promo Code

MyNewCompany.com Reviews

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MyNewCompany.com Review

Overall Score: #7

We gave MyNewCompany a 4 star ranking. You can view our in-depth MyNewCompany review below. Or, click the button below to view a side-by-side comparison of the 5 best online business incorporation and business formation websites.

Price

My New Company charges a $79 base rate for forming an LLC or corporation. Their complete packages start at $239 – $279. Like all business formation websites, these costs do not include state filing fees. My New Company’s base pricing is right in the middle of the providers we reviewed in our comparison chart — $30 more than the lowest-priced competitor, Incfile, and $20 less than BizFilings or LegalZoom. Its high-end pricing also falls in the middle. It will cost you $45 extra to obtain an FEIN, and $25 if you elect to become an S-Corp. Registered Agent Service can be provided for an additional $99/year.

Full Pricing Details

MyNewCompany Promo Code

Speed

Forming your new business is quick with MyNewCompany. They process most orders by the next business day. However, the company’s website notes that some states take longer than others to process the paperwork. They do offer expedited services, such as overnight shipping and additional fees paid to the state to speed up processing.

Ease of Use

My New Company’s tagline is “Startups Made Simple,” and the company emphasizes ease of use. Their three steps include (1) selecting a company type and state, (2) filling out an online form, and (3) receiving your filed paperwork. This is all fairly easy, but it may take some reading and scrolling to find the right places to click and complete all the required steps. MyNewCompany.com provides a lot of useful information about the differences between various company types, and how to choose. This can be very helpful to soon-to-be business owners seeking more information, but we can see how it could also be a bit overwhelming. However, more information is certainly better than less. Once you select your business type and click the “Order Now” button, it’s pretty easy to follow the prompts through to complete your order.

Neat Feature #1: ComplianceLock

For $8 a month, you can add ComplianceLock, a neat feature that can help new companies maintain compliance. Customers who add this feature will get email and text messages about important compliance due dates, as well as automatically generated meeting minutes, which you can sign with one click. Your company will also be monitored for corporate identity theft.

Neat Feature #2: Business Credit Wizard

For an additional fee of $149.00, you can purchase MyNewCompany’s Business Credit Wizard, a proprietary system for building business credit.

Neat Feature #3: Free Annual Report Alerts

Each year the business needs to file an annual report or your business could be terminated. MyNewCompany will provide you with a simple reminder each year around filing time. What a great idea…and its free!

Neat Feature #4: Free Handbook

MyNewCompany provides it’s customers with a 23-page guide will help you understand, maintain and, if necessary, change or close your corporation. The topics include:

  • Overview of Your Corporation
  • How to Issue Stock
  • The Corporate Players: Shareholders, Directors and Officers
  • Understanding Corporate Formalities
  • The Meetings
  • How to Hold the Meetings
  • What are Resolutions?
  • What are Minutes?
  • Organizational Meeting Instructions
  • Actions that Require a Meeting or Resolution
  • Maintaining Corporate Records
  • 9 Steps to Maintaining Corporate Compliance
  • Yearly Corporation Maintenance Checklist
  • Taxes Corporations Have to Pay
  • Taking Money Out of Your Corporation
  • How to Make Changes to Your Corporation
  • Closing Your Corporation

Customer Support

Support is available by phone or e-mail, with direct and toll-free numbers, Monday – Friday, 8:00 a.m. to 5:00 p.m. PST. MyNewCompany.com also has an online Support Center, with answers to frequently asked questions, and a categorized knowledgebase. They claim to respond to most of our emails within 10-20 minutes.

Attorney Support

MyNewCompany does not provide attorney support — but if they did, they might not be able to offer such a low price. They do include a link on their website to professional legal services, pointing customers toward resources to find a lawyer online.

State-Specific Info

Business law can vary from state to state, so it’s important to select a provider that supports your state’s legal process. MyNewCompany provides new business formation services for all 50 states.

Additional Services

If you click on the company’s “All Services” tab, you can get a complete listing of the services the company provides — and brace yourself, because there are many. You can get your own domain name, file a trademark, sign up for merchant account services (the ability to accept credit cards), and more. However, some of the listed services are not actually provided by My New Company. For example, their Automated Payroll Service links to Intuit’s website.

MyNewCompany Reviews and Testimonials

There are dozens of positive customer testimonials and verified reviews on the MyNewCompany.com website. The company also boasts a 98% customer approval rate.

BBB Accredited

MyNewCompany.com, Inc. has an A+ BBB rating, and it has been BBB-Accredited since July 29, 2004.

Privacy

When you order something from a company, they can bypass the “Do Not Call” rules because you engaged their services. MyNewCompany privacy policy expressly prohibits selling your data or marketing to you without your permission (e.g. you subscribe to our monthly newsletter).

Complaints

When conducting our MyNewCompany review, we found 0 complaints on the Better Business Bureau’s website for the last three years. This is quite impressive, as most of the BBB-listed online legal service providers we review have at least one or two registered complaints.

Guarantee

A 100% Satisfaction Guarantee is included with any MyNewCompany order. According to the company’s policy, if you’re not satisfied after receiving your completed order, you may choose either a refund or correction of the issue.

In Business Since

Since 2001, MyNewCompany.com, Inc. has helped its customers to form over 40,000 Corporations and LLCs.

Security

The MyNewCompany website is protected by GeoTrust, delivering 256-bit encryption and third-party website identity validation. The website has a valid SSL certificate, meaning that all communications between your browser and its web servers are private and secure.

Negative Factors

MyNewCompany appears to be a good choice for online business incorporation, which is why it ranked in our top five. Really, the only negative factor might be that the site has so much information, it might become a bit overcomplicated to use. However, this is probably just part of the website’s search engine optimization strategy.

Our Conclusion

Overall, we would recommend MyNewCompany as a good choice for online business incorporation, due to its low price (which became even lower with new MyNewCompany promo code above), abundant neat features, high BBB ranking, and lack of customer complaints.

Best Online Business Formation
MyNewCompany.com
Date Published: 09/13/2016
MyNewCompany.com is a 4 star provider of online incorporation services.
4 / 5 stars

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