MyCompanyWorks
Fast Processing LLC & Corp Formation with Kits
Business Initiative
Business Intelligence That Forms Your Business
Side-by-side comparison. Data as of 2026-02-16.
Company Background
MyCompanyWorks
HQ: Las Vegas, Nevada (187 E. Warm Springs Rd., Suite B)
Ownership: Private (independent; formerly MyNewCompany.com)
Employees: 11-50
Formations: 60,000+ businesses
Key Milestones
- Founded 2001 in Las Vegas, NV
- Rebranded from MyNewCompany.com
- Served 60k+ clients nationwide
- Launched Startup Wizard & My Account Dashboard
- Achieved 4.9/5 from 4,661+ reviews
Business Initiative
HQ: New York, NY (virtual/nationwide operations)
Ownership: Private (founder-owned)
Employees: 1
Formations: Not publicly disclosed (quality-focused, low volume)
Key Milestones
- Launched 2021 as educational platform
- Evolved to full-service formation + RA services
- Built AI tools, stats library, and provider directory
Core Services
MyCompanyWorks Services
Formation types:
- ✓ LLC
- ✓ Corporation (C-Corp, S-Corp)
- ✓ Foreign Qualification (all states)
- ✓ Change of Registered Agent
- ✓ DBA/Assumed Name
Differentiators:
- Same business day processing (by 3pm EST)
- Free e-delivery of filed docs
- Startup Wizard & dashboard
- Corporate kits included in higher tiers
- Lifetime company alerts
Business Initiative Services
Formation types:
- ✓ LLC
- ✓ Corporation (C-Corp, S-Corp)
- ✓ Partnerships
- ✓ Foreign LLC/Corp qualifications
- ✓ Change of Registered Agent
Differentiators:
- All state/federal fees included upfront
- Business intelligence platform (stats, AI selector, education)
- Directory of other providers
- Founder-led, transparent education
Both offer nationwide RA coverage. Compare differentiators above to see where each shines.
Pricing & Value
| Category | MyCompanyWorks | Business Initiative | Winner |
|---|---|---|---|
| First Year Total | ~$59 + state fees (Basic); $279 + RA included (Complete) | ~$310+ (LLC formation + RA) | Business Initiative |
| RA Annual Fee | Free Year 1 (Complete); $99-$119/year standalone/renewal | $125/year per state (multi-company discounts) | — |
| Value Score | 8.2/10 | 8.5/10 | Business Initiative |
Speed & Performance
MyCompanyWorks
Avg formation: Same business day (by 3pm EST) + state time
Expedited: Included (same-day processing)
Business Initiative
Avg formation: 7-14 business days standard
Expedited: 1-3 business days ($25-$200); same-day before 1 PM EST
Pros & Cons
MyCompanyWorks — Pros
- ✓ Same-day processing included
- ✓ Corporate kits in higher tiers
- ✓ Startup Wizard & dashboard
- ✓ Lifetime alerts
- ✓ 4.9/5 from 4k+ reviews
MyCompanyWorks — Cons
- ✗ RA $99 renewal
- ✗ Some upsells
- ✗ Limited international
- ✗ Basic add-ons
- ✗ Small team scale
Business Initiative — Pros
- ✓ All fees included (transparent value)
- ✓ Privacy-first RA ($125 flat)
- ✓ Educational platform (stats/AI tools)
- ✓ Fast human support
- ✓ Nationwide + foreign quals
Business Initiative — Cons
- ✗ Newer (fewer formations track record)
- ✗ Limited review volume
- ✗ Basic add-ons
- ✗ No 24/7 chat
- ✗ Virtual-only operations
The Verdict
Choose MyCompanyWorks if: Excellent for founders who want quick, affordable formation with kits and a user-friendly dashboard—great if speed and simplicity are your priorities.
Choose Business Initiative if: Beats competitors on all-in costs and smarts—perfect for informed operators who want a partner, not just a filer.
Higher rating: Business Initiative (8.7/10)