If you’re looking to start a business, MyCompanyWorks is an excellent option because it offers an LLC formation service as well as additional services for small businesses.
We’ve compiled this MyCompanyWorks review to cover everything you need to know before deciding to hire them.
We'll cover the cost, benefits, pros, cons, and more so you can decide if MyCompanyWorks is suitable for your LLC formation.
What Is MyCompanyWorks?
MyCompanyWorks is a business formation service founded in 2001 under the name MyNewCompany.
They started helping build new companies and eventually changed their name to MyCompanyWorks LLC.
They evolved to offer a full range of small business services like business formation services and management.
They have helped to form over 60,000 businesses.
They also offer very cheap registered agent services and compliance services, in addition to affordable packages with other small business services, including education resources, organizational minutes, a personalized LLC operating agreement, and more.
They also have an excellent customer service team and thousands of positive reviews.
Our #1 Recommendation
Service Features And Prices
- Basic LLC Package ($59 Plus State Filing Fees): Includes a name availability check, articles of organization, a personalized LLC operating agreement, meeting minutes, same-day processing, unlimited support, compliance alerts, and additional educational resources.
- Entrepreneur LLC Package ($199 Plus State Filing Fees): The Entrepreneur LLC package includes everything from the basic package plus a federal tax ID number, an LLC kit with a seal and member certificates, and access to a library of over 200 forms, including purchase agreements, business, and tax forms, leases, and more.
- Complete LLC Package ($279 Plus State Filing Fee): The Complete package includes everything from the previous packages plus free registered agent service, a business license compliance package, a free business tax consultation, a free domain, and a free business funding consultation.
Additional Features
Apart from their main services, MyCompanyWoks offers additional features, such as:
- C-Corp starts at $59 + state fees
- S-Corp starts at $59 + state fees
- DBA $99 + state fees
- Annual Reports $59 + state fees
- Articles of Amendments $99 + state fees
- Email and Website $99 + state fees
- Business Licenses $99
- Virtual Office $39
- Dissolution $99 + state fees
- MyCompanyWorks Premium™ $99 [1]
Benefits
Here are some of the main advantages of hiring MyCompanyWorks.
1. Free Compliance Alerts
MyCompanyWorks offers both LLC service and compliance services to keep your business in good standing.
Even the basic LLC package includes free compliance alerts. You will get automatic reminders for important deadlines to file important paperwork.
In our experience, free compliance alerts can be helpful for new business owners to keep their businesses legitimate.
2. Free Business Tax Consultation
MyCompanyWorks offers a free business tax consultation with every plan. They will also provide specific recommendations for your entity type, including tax tips, forms, and IRS filing rules.
3. No Hidden Fees
MyCompanyWorks is transparent about its pricing and doesn't use upsells to increase its final prices.
Once you select your state and the business type, the pricing page displays the total cost with optional add-ons next to the regular price, so you're not surprised by upsells.
In our experience, their upsells aren't intrusive and are entirely optional.
4. Same Day Processing
Same-day processing is a default benefit of all LLC formation services. They do offer rush filing services also.
In our experience, MyCompanyWorks processed our documents within the same day.
5. Satisfaction Guarantee
MyCompanyWorks offers a 100% satisfaction guarantee for all their plans.
If you're not satisfied with your service, the company will either settle the issue or give you your money back. You must send a refund request within 90 days of the purchase date.
We have found that out of many LLC services, 90 days is an extended period of time to obtain a refund compared to other services.
6. Great Customer Support
MyCompanyWorks offers good customer support that can be reached quickly via phone or email.
They typically respond over the phone within 20 minutes and the same day over email. The MyCompanyWorks premium plan offers priority support.
In our experience, their customer support responds quickly and is very knowledgeable.
7. Ease of Use
Filing an LLC with MyCompanyWorks takes less than 10 minutes. The process is simple, and all you'll need is the business contact address, name, registered agent, and contact information of members.
In our experience, the filing process was quick and straightforward.
8. Positive Customer Feedback
MyCompanyWorks has lots of positive customer feedback with a nearly perfect rating and more than 4,000 reviews. They also have an awesome track record of forming over 60,000 businesses.
Downsides
The only downside to MyCompanyWorks is that it is more expensive than other services, such as ZenBusiness, which forms your LLC for free.
Who Should Hire MyCompanyWorks?
Business owners who want an affordable way to file their LLC with annual compliance alerts should hire MyCompanyWorks.
The MyCompanyWorks basic package is ideal for business owners looking to form an LLC with same-day processing, compliance alerts, and helpful business documents.
The entrepreneur package is perfect for those creating a business who also need a federal tax ID, an LLC kit, and more.
The Complete package is best for those looking to form a business entity with the least effort possible.
Our #1 Recommendation
Other User Testimonials
"MyCompanyWorks was the only company that did our DBA filings super-fast and without any questions and delays. Jennifer is the best. She was very professional and answered ALL of my questions and completed the DBA filing in 1-10 days (faster than promised)."
- Doft App, Google
"I had people give me crazy prices; I had people who didn't want to help me. It was getting discouraging. However, one final push of research and I found MyCompanyWorks. You made it so easy, and things were done faster than expected. Thank you"
- Jawaun Neal, Google
"A fantastic way to successfully and efficiently set up your business. MyCompanyWorks wants your business to succeed. All the setup advice and checklists were immensely helpful. MyCompanyWorks was effective and had a fair, competitive price."
- DJ's Band Repair, Google
"I have done business with MyCompanyWorks for several years now. Having used other providers, I have found MyCompanyWorks to be by far the best around, with not only the best service but the most knowledgeable staff. Highly recommend it."
- Dan G, Better Business Bureau
"Thank you for all your help. MyCompanyWorks has been very helpful and very supportive in my new business venture. I would recommend MyCompanyWorks to anyone wanting to start a new business."
- Aimee O, Shopper Approved
"The service was both professional and fast. I love the online portal and how it stores documents for me. I also liked how the handbook laid out everything for me"
- Kevin S, Shopper Approved
"Service and staff are outstanding. I needed a few documents on an urgent basis. They helped me a lot to get all the necessary documents on time. Thanks to all team members."
- Yawar G, Shopper Approved
Comparison to Other Services
Here’s how MyCompanyWorks sizes up against its biggest competitors.
1. ZenBusiness
ZenBusiness offers affordable LLC services with plans starting at $0. Compared to MyCompanyWorks, ZenBusiness is a less expensive option, but both companies provide affordable services.
When it comes to experience, MyCompanyWorks has been around for a more extended period of time, but both have exceptional customer reviews.
MyCompanyWorks is similar to ZenBusiness in that two of the packages don’t offer registered agent services, but adding on registered agent service is cheaper with MyCompanyWorks than ZenBuisness. MyCompanyWorks packages provide a tax ID number EIN which ZenBusiness charges extra for.
ZenBusiness's entry-level package covers the essentials that would cost you extra with MyCompanyWorks, such as expense tracking, ZenBusiness money essentials, and more.
2. Northwest Registered Agent
Northwest Registered Agent and MyCompanyWorks have several aspects in common, including positive customer feedback, great features, excellent customer support, and fast turnaround time. However, there are some crucial differences between these two services.
Northwest Registered Agent includes 12 months of free registered agent service, which MyCompanyWorks charges for.
However, MyCompanyWorks offers features like an operating agreement with Northwest Registered Agent doesn't offer.
3.IncFile
IncFile and MyCompanyWorks both offer an affordable online LLC service and decent track records. There are some vast differences between these two companies, however.
While Incfile's basic package starts at $0, MyCompanyWorks includes more in their basic package than Incfile.
Incfile does not offer banking resolution to pay business taxes, compliance filing service, a personalized operating agreement, a logo builder, same-day processing, an LLC handbook, a Startup wizard, and more.
All these features are offered in the MyCompanyWorks basic package.
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FAQs
Is MyCompanyWorks Legitimate?
MyCompanyWorks is legitimate. It was formed in 2001 and has helped to create over 60,000 businesses with LLC formation and additional business services. MyCompanyWorks has over 3,900 reviews and an A+ rating on Better Business Bureau, and their customers often praise their overall value and customer support.
Does MyCompanyWorks Have A Refund Policy?
MyCompanyWorks does have a refund policy. They offer a 100% satisfaction guarantee with full refunds within 90 days of purchase. They can't refund the state filing fees or any fees charged by other 3rd party vendors.
How Quickly Does MyCompanyWorks Process LLC Formation Applications?
The amount of time MyCompanyWorks processes LLC formation applications varies depending on the state, but it generally takes a couple of weeks to process applications [2]. However, they are quicker than most competitors and offer expedited service in some states.
How Does MyCompanyWorks Keep My Information Secure?
MyCompanyWorks keeps your information secure with 3rd-party security services. GeoTrust also verifies their security certificates, and they continually use McAfee secure to scan their systems for malware. Their payment systems are also compliant with the payment card industry standards.
Does MyCompanyWorks Offer Ongoing Support?
Yes, MyCompanyWorks offers ongoing support via phone and email and can easily be contacted quickly. They also offer managed annual report service to keep your company compliant long-term.
Is MyCompanyWorks Worth It?
Considering MyCompanyWork's history, low prices, and positive client reviews, MyCompanyWorks is an excellent LLC service.
They can provide you with same-day processing, a 100 percent satisfaction guarantee, a simple platform, excellent customer support, and more.
While MyCompanyWorks is affordable, it isn't as cheap as ZenBusiness, which offers $0 formation services.
If you’re looking for a more affordable option, it might be best to go with ZenBusiness. Setting up your account with ZenBusiness is simple, and their customer service is there to help you out every step of the way.
We Recommend This Instead
Zenbusiness
- They offer various formation packages to choose from
- The prices of each packages are reasonable
- They provide a worry-free compliance
- They make business formation as quick as possible
- A lot of positive customer’s feedback
- Get the BEST PRICE until the end of March
- Low brand recognition
