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Corp Net vs My Company Works

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CORP NET

Corpnet may be the perfect match for small business owners who want to incorporate with a service that personally understands what it's like to start from the ground up. Created by a husband/wife entrepreneurial team in 1997, Corpnet maintains the family-owned business feel to their customer service while still providing top-notch company incorporation services that are thorough and affordable.

You probably won't be blown away by Corpnet's website; it doesn't come across as slick or modern as some of the providers we reviewed. Stick with it, however, and start with the Business Structure Wizard under the Start a Business tab at the top of the page. You'll find out which corporation structures are recommended for your situation, broken down by the percentage that each option matches your answers. At any time, you can click on the Free Incorporation Guide or Comparison Chart links that are below your results list. You can also reach Corpnet's representatives from 7A-5:30P PST through their toll-free number.

You'll also appreciate Corpnet's 100% satisfaction guarantee: if you aren't completely satisfied with their document filing services, they will refund your fees, no questions asked, within 60 days of the service purchase date. And, like all reputable services, they will take full financial and legal responsibility should there ever be an error in filing your documents and will fix the problem at no cost to you.

This company incorporation service prides itself on being fully transparent with all of their fees (including an unfortunate shipping/handling fee of $29 on every package that most of their competitors don't charge). Here are your options when using Corpnet to create your business:

  • Basic: for $79, you get a Name Availability Check, Official Filed Articles of Incorporation, access to their online compliance tool that helps you track deadlines for taxes and report filings, incorporator resolutions, and depending on the type of corporation you choose, filing of IRS documents (for example Form 2553 for S-Corp), and 60 days of free registered agent service ($149/year thereafter).
  • Deluxe: for $199, you receive all of the features included in the Basic plan, along with 24-hour document preparation turnaround time, one full year of registered agent service, obtaining of your Federal Tax ID Number (EIN), and print delivery of your documents.
  • Complete: for just $50 more, or $249, you get everything in the Basic and Deluxe packages, along with customized corporate bylaws and minutes, customized corporate kit and seal.

Everywhere we looked, Corpnet got extremely high marks for their customer service. Rave reviews talk about how fast the company incorporation process is completed, and how personable and helpful the customer service agents are when working with their clients. In fact, across multiple third-party sites, Corpnet had an almost perfect average across hundreds of reviews.

For this reason, Corpnet gets a 4-star rating from us as well: although their services are priced slightly higher than some providers of company incorporation, their ironclad commitment to customer satisfaction and transparent pricing gives them an edge in the industry.

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MY COMPANY WORKS

Formerly known as MyNewCompany, Nevada-based MyCompanyWorks has helped over 50,000 companies with incorporation since their start in 2001. Although they don't work with the same volume of clients as some of the bigger names in the industry, this provider has established itself as a trustworthy, skilled service for those who need help in creating their businesses.

In fact, MyCompanyWorks is so confident that they can meet your needs, they offer a 100% satisfaction guarantee. If you are unsatisfied with their business filing services within the first 90 days, they will either work to fix the problem or give you a full refund: the choice is yours. Chances are good, however, that you won't need to take them up on it. MyCompanyWorks has thousands of positive reviews, including hundreds of glowing compliments from very satisfied clients.

One unique resource offered by this provider is the Startup Wizard. Once you've formed your corporation, this step-by-step online tool will cover all of the procedures you need to follow to properly organize your business (such as getting a business license or resale permit). You'll get a weekly automatic email reminder of your remaining steps, or you can download them as a PDF. And, the Wizard tracks your progress as you complete your assignments, ensuring that you don't make any costly problems as you set up your new company. Very few company incorporation services go to those lengths to help you keep your legal obligations unless you pay for hands-on help, so this is a nice perk.

While they don't have a similar tool to walk you through the initial stages of incorporation - like which type of business entity should you choose - they do have many helpful articles that will explain your options and help you decide. You'll find these resources and more at the bottom of the page, under the headings of Start a Company and Manage a Company.

MyCompanyWorks offers three packages for company incorporation:

  • Basic: starting at $79, this package includes unlimited name availability searches, preparation and filing of Articles of Incorporation, personalized organizational minutes and corporate bylaws, same-day business processing, unlimited phone/email support, free company alerts, access to scanned documents online, and lifetime access to your online account. You can add a la carte services like obtaining a federal tax ID, registered agent service ($99/year), or rush filing service.
  • Entrepreneur: priced at $199, this tier of service includes the features of Basic, along with obtaining a federal tax ID, a corporate kit/seal/stock certificates, and lifetime business forms/tax guide. You'll have to decide if those extra features are worth the additional $120.
  • Complete: a fee of $279 gets you all of the included benefits of the Basic and Entrepreneur packages, while adding a year of registered agent service (a savings of $19 over the regular yearly $99 fee when purchased separately).

We were very pleased to see that MyCompanyWorks has a good reputation. First, their A+ rating with the BBB, while not unusual among the companies in our review, is always a positive sign. Better yet, their actual customer reviews are almost universally perfect scores. One of the most-referenced reasons for client compliments of this business is their lightning-fast customer support team: most inquiries via email or voicemail get a response within 20 minutes during regular business hours (7:30A-4:30P PST, Monday through Friday).

Because of their great customer feedback, attention to quality customer service, and helpful tools for customers after incorporation, MyCompanyWorks gets our recommendation as a solid choice for company formation services.

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Best Company Incorporation

To help you find the Best Company Incorporation, TopConsumerReviews.com provides you with an in-depth comparison of Corp Net and My Company Works.

Who has the best Company Incorporation Service? Are you a small business owner looking to protect yourself by separating your business from your personal assets? Or maybe you're a freelancer who wants to grow from a sole proprietorship to an agency, and you'd like to have the legal and brand benefits that come from adding "Inc." to your business' name?

Company Incorporation is a common strategy used in these situations - and many others - as business owners seek to take the next steps in growing their brand and protecting their assets. Setting up your business as a corporation can provide many benefits through creating a legal entity that is separate from its members: in other words, you can't be held legally responsible as an individual for the debts of your business.

There are several different types of corporate entities that business owners use for these purposes - Limited Liability Companies (LLCs), S-Corporations, C-Corporations, Non-Profit Corporations, and so on. The best way to choose the right corporation type for your business and also get it put into place in the most affordable way possible is to work with a Company Incorporation service. These providers offer the same guidance, document preparation assistance, and filing help as you would receive by meeting with a local attorney, but for fees that can often be thousands of dollars less.

As you consider the various Company Incorporation services currently available, you will want to keep several criteria in mind:

  • Services. What is included in the fees you'll pay? Most providers have several levels of incorporation packages, from basic to full-featured. Can you get all of the add-ons you might need, like filing your Articles of Incorporation with your state?
  • Cost. What will you pay for your company incorporation process? Is it a flat-fee, or are there a lot of extra charges? Bear in mind that every state has filing fees that are independent of the incorporation service.
  • Reputation. How many companies has the service incorporated? What do those clients have to say about the ease or difficulty of working with the provider to get everything prepared and filed? Does the incorporation service have a history of satisfied customers?

TopConsumerReviews.com has reviewed and ranked the best Company Incorporation services currently available. We hope this information helps you incorporate your business right away!



Why Should You Incorporate Your Business?

Perhaps you've been in business for a while and feel you want to formalize your status, legally and otherwise. Perhaps your business has been local to date, but you are looking toward operating in more than one state. Maybe you are competing with larger companies in the same niche and feel a change in legal status will bump up your credibility. Or maybe you just like the sound of the syllable "Inc." after your business name.

There are myriad answers to the question, "Why should you incorporate your business." Following are just a few:

Protect Your Assets
If you've owned a sole proprietorship, you know all too well that not only does the buck stop with you relative to operations, you're also on the hot seat when it comes to financial and legal complications that may arise. If a sole proprietorship stumbles under the weight of excessive debt or is taken to court, it's the proprietor's personal as well as business assets that are at risk. A corporation is a legal entity all its own. If your company faces legal issues or cannot meets its obligations, your personal assets do not come into play.

Gain Tax Advantages
When you incorporate your business, the IRS allows you to get a tax ID number for your business, establishing its status as a separate entity relative to tax liability. In fact, a corporation files its own tax return -- paying taxes on its profits -- at a complete remove from your individual return.

Separate tax identity alone can be enough justification for some to incorporate their businesses. Keep in mind, though, that when you incorporate, you and any other owners also become shareholders. If your company distributes dividends, you must pay taxes on that dividend income when you file your personal return.

Formalize Status
When you incorporate, you must make your business known to state, and sometimes local, authorities. Regulation specifics vary by state, but nearly universally, you must file articles of incorporation with your state's Secretary of State's office. In addition, you will have to create and record by-laws. Moreover, you'll have to set up a calendar of regular shareholder meetings; the minutes from those meetings must be recorded and kept on file at your company. The shareholders are required to elect a board of directors who must also meet regularly to make important decisions about the firm. Not surprisingly, establishing a corporate structure typically requires engaging the services of a lawyer or law firm.

Make a Name (or Two) for Yourself: State and Local Recognition
One key step toward incorporation is filing a business name with state and/or local authorities. If you want to do business under more than one name, you'll also need to file one or more fictitious business name statements. For example, if your company is called Snow Corporation, and you want to sell skis under the name "Speed Plus Company," you have to submit the appropriate paperwork to the relevant authorities.

Raising Capital
Finally, incorporating your business makes it possible to raise capital by selling shares to stockholders. Relying solely on bank or personal loans or company profits for financing will be a thing of the past.

The decision to incorporate should be a deliberate one. The administrative costs alone should be enough to deter you from entering into this new status lightly. Should you decide to take the plunge, incorporating could be a crucial step in your company's journey.

 



Company Incorporation In The News

21Vianet Group, Inc. Expands Its Cloud Business

BEIJING, July 19, 2018 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (VNET) ("21Vianet" or the "Company" ), a leading carrier- and cloud-neutral Internet data center services provider in China today has ann...

Published:  Thu, 19 Jul 2018 05:05:00 GMT



Independence Contract Drilling, Inc. And Sidewinder Drilling, LLC Announce Strategic Business Combination

HOUSTON, July 19, 2018 /PRNewswire/ -- Independence Contract Drilling, Inc. ICD, -5.15% ("ICD") and Sidewinder Drilling, LLC ("Sidewinder") today jointly announced their entry into a definitive merger ...

Published:  Thu, 19 Jul 2018 03:38:00 GMT



NewBridge Global Ventures, Inc. Announces Agreement to Acquire California Consortium of Cannabis Companies

Orem, UT, July 19, 2018 (GLOBE NEWSWIRE) -- NewBridge Global Ventures, Inc. ("NewBridge" or the "Company" ), (OTCQB: NBGV), a company focused on the emerging and dynamic legal and regulated cannabis in...

Published:  Thu, 19 Jul 2018 07:20:00 GMT



SeaWorld Entertainment, Inc. Announces Second Quarter 2018 Earnings Release Date And Conference Call Information

July 19, 2018 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) announced today that it will release its second quarter 2018 financial results before the market opens on Monday, August 6, 2018 ...

Published:  Thu, 19 Jul 2018 05:46:00 GMT



B. Braun to Acquire Bloodlines Business of NxStage Medical, Inc.

BETHLEHEM, Pa., July 19, 2018 (GLOBE NEWSWIRE) -- B. Braun Medical Inc. (B. Braun), a market leader in renal therapies, infusion therapy, and pain management, has signed an agreement to acquire the bl...

Published:  Thu, 19 Jul 2018 07:17:00 GMT



GT Biopharma Inc. Announces Agreement with a Major Pharmaceutica - KAIT Jonesboro, AR - Region 8 News, weather, sports

GT Biopharma Inc. (GTBP) and (Euronext Paris: GTBP.PA) announced today a Material Transfer Agreement (MTA) between a Major Pharmaceutical Company and Dr. Daniel Vallera, Director, Section of Molecular ...

Published:  Thu, 19 Jul 2018 05:22:00 GMT




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