Warning #1: "File-only" shops. Most of our smaller competitors simply file your initial paperwork with the state (if it doesnt get rejected — less than 1% of our filings are rejected) and send you a copy. This is not the complete process. There are step-by-step procedures (holding an organizational meeting, issuing shares, adopting Bylaws or Operating Agreements, etc.) for properly setting up your company that must be completed. In fact, not doing these procedures will nullify most of the benefits of incorporating or forming an LLC in the first place.
Warning #2: Do the math! Find out the actual state fee (which you can view on our site). Youll disover that those $49 and $75 services are actually hiding considerable fees within the state fee. Be especially vigilant for "Rush", "Expedited" and "Delivery" fees which can be outrageously high.
|A Lawyer||Typical Competitor||MyNewCompany.com™|
|$79 + State Fees|
|Name Availability Check||YES||YES||YES|
|Available in all 50 States and DC||NO||YES||YES|
|Prepare Formation Documents||YES||YES||YES|
|Prepare/Obtain FEIN and/or S-Corporation Election||Optional||Optional||Optional|
|100% Satisfaction Guarantee||NO||NO||YES|
|Next Business Day Processing||NO||NO||YES|
|Personalized Organizational Minutes||YES||NO||YES|
|Personalized Bylaws or Operating Agreement||YES||NO||YES|
|Access to Scanned Copies of Filed Documents Online||NO||NO||YES|
|Digital Copy of Bylaws or Operating Agreement||NO||NO||YES|
|FREE Corporation or LLC Handbook||NO||NO||YES|
|Lifetime Account with Simple Re-ordering||NO||NO||YES|
|State-Specific Startup Checklist||NO||NO||YES|
|FREE Shipping and Handling||NO||NO||YES|
|FREE Corporation/LLC Maintenance Forms||NO||NO||YES|
|FREE Annual Report Alerts||NO||NO||YES|
|Online Order Tracking and Status Updates||NO||Maybe||YES|
|Disclose REAL State Fees 1||NO||NO||YES|
|Disclose REAL State Rush Filing Fees 2||NO||NO||YES|
|Honor Roll Members of the Better Business Bureau||NO||NO||YES|
|Chamber of Commerce Member||Maybe||NO||YES|
|Keeps Your Data Private||YES||Maybe||YES|
|Thousands of Corporations and LLC's Formed Nationwide||NO||NO||YES|
|SSL Secure Ordering||NO||Maybe||YES|
|BEMA™ Powered Order Management System||NO||NO||YES|
|100% PCI Compliant Systems||NO||Maybe||YES|
|Unlimited Toll-free and E-mail support||NO||NO||YES|
- 1. Disclose REAL State Fees: Weve found that virtually every competitor adds certain "correspondent" and other hidden fees to the state fee. We only charge the actual state fee.
- 2. Disclose REAL State Rush Filing Fees: Weve also seen competitors charge very high expedite fees when in reality all they are doing is overnighting the documents to the State. We only charge the actual expedite or hand-delivery fee or the cost of overnight delivery (we dont make a profit on Rush Filing orders).