MyCompanyForms™ – Your Lifetime Business Forms Solution

September 16th, 2014 by Matt Knee

Why waste time and money when you don’t have to? MyNewCompany.com has created MyCompanyForms™ to provide you with all the important documents that’ll help you run your business for the long-term. For a one-time purchase of just $35, you’ll have lifetime access to more than 200 constantly-updated business forms to assist you with starting, operating and growing your company!

MyCompanyForms™ is perfect for all business owners whether you’re in the startup phase or operational. New entrepreneurs can benefit from our handbooks and checklists to properly set up your company from the get-go. Existing business owners can save money in legal and tax fees with our annual checklists, tax guides and popular business forms. Did you file your LLC formation or incorporation paperwork with your state on your own? No problem! Our company forms can walk you through the important “after-formation” tasks to make sure you don’t miss any crucial steps in organizing your new business.

How does it work? Simply order the forms as a standalone product or when you file an LLC or Corporation with us. Then visit our My Account section for immediate lifetime access to a digital business library including:

  • Startup Checklists for DBA’s, Corporations and LLC’s
  • The New Corporation Handbook, The New LLC Handbook
  • Compliance Guides
  • IRS Tax Guides, Calendars and More
  • Corporation Forms: Bylaws, Minutes and Resolutions
  • LLC Forms: Operating Agreements, Minutes and Resolutions
  • Dozens of Categorized Business Forms

Are you starting a company today? MyCompanyForms™ is included with our Entrepreneur and Complete Incorporation and LLC Formation Packages!

Five Reasons We’re a Great LegalZoom Alternative

August 20th, 2014 by Matt Knee

You’ve seen their commercials (featuring OJ Simpson’s attorney), but does that really mean LegalZoom is the best choice for starting your small business? Think of it this way: is the huge chain Italian restaurant franchise better than the tiny Italian bistro in your neighborhood–where every dish is prepared by real Italians–just because they advertise on television? We’ll let you decide, but we feel pretty confident that we can do better than the big guys when it comes to starting your company.

First of all, we understand that going into business for yourself can be complicated and even scary. We’re a real small business ourselves, so we’ve been there before. LegalZoom is a huge warehouse of legal services (Wills, Divorces, Bankruptcies, etc.) with only a fraction devoted to small business. Our incorporation and LLC formation service was designed specifically to meet the needs of small business owners.

Now let’s talk about cost. Our basic package starts at just $79 plus your state fee. That’s a lot easier on your wallet than their $149 basic package (as of this date of publication), and ours includes more. Do a side-by-side comparison of what you get with us versus what you get with LegalZoom. Running a business can be expensive. Starting a business doesn’t have to be.

We believe in honesty and won’t hit you with hidden fees or excessive charges, ever. For example, we charge only $45 to obtain your Federal tax ID. LegalZoom will charge you $79.

Personalized service is a benchmark of what we do. During business hours, you will always reach a live person or a quick call back (or response to your email), usually within ten minutes. Every member of our client services team can access your account and tell you the status of your order. We run a small, casual shop where everybody knows each other. LegalZoom, on the other hand, has more than six hundred employees.

Finally, just do some research: search for “Legalzoom complaints” on Google. Do the same for us and see the difference. As a LegalZoom alternative, we offer some of the lowest prices in the industry, fast turnaround and a 100% satisfaction guarantee.

Useful Post on 1099 Forms

January 8th, 2014 by Chris

Small Business Tends has a useful post up on How and When to Prepare 1099 Forms for Independent Workers.

Our page on Hiring Employees & Processing Payroll is also a great resource for small business owners.

Starting a US Company as a Non-Citizen

December 11th, 2013 by Chris

One of the most common questions that we get at MyNewCompany.com is what is involved in starting a US company as a non-US citizen.  We’ve created a Checklist page on “How to Start a Company in the USA” that can be viewed here: http://www.mynewcompany.com/international.htm that lists all of the steps and procedures for starting a new US company as a non-citizen.

How Long to Keep Business Records

August 29th, 2013 by Matt Knee

Most business owners don’t know how long they should hold on to old records. According to the IRS, here’s how long you should keep those records:

Permanently:

    • general ledgers and journals
    • payroll records, including W-2s, 940s, 941s
    • year-end financial statements
    • tax returns and supporting documents
    • articles of incorporation, bylaws, meeting minutes, etc.
    • retirement plan records
    • mortgages and deeds

10 Years:

  • bank statements and cancelled checks
  • AP & AR documents
  • invoices and billing information (customers and ventors)
  • leases
  • contracts with clients and suppliers

7 years:

  • expense reports
  • employee agreements/contracts/termination records
  • documents related to litigation
  • inventory documentation

3 years:

  • employment applications
  • employee disability and illness benefit records
  • expired insurance policies
  • general correspondence

This information is helpful but our favorite rule of thumb is to “save everything” and keep anything older than a few years in storage. Unless your business deals with mountains of paperwork, that method will be the easiest way to keep it simple and safe.

Action Plan:

  • Organize your documents by the various categories above.
  • Scan copies of the critical documents and place them in a free Dropbox account which will keep your files safe and backed-up “in the cloud” (Free up to 2GB of data)
  • If you are a Corporation or LLC, then also make sure that you are complying with record-keeping, minutes and annual reports. Click here to learn about our ComplianceLock™ service which can automate these tasks.