MyCompanyWorks Review (2024) Our Full Report
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.
With extensive experience in company formation and working closely with a team of LLC specialists, Venture Smarter review of MyCompanyWorks will delve into their services, pricing, and benefits and compare them with competitors, providing essential insights to help you decide if they meet your business needs.
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, according to their website.
After registering with the company, I gained access to several affordable packages, including a registered agent and compliance service, educational resources, organizational minutes, and operating agreements.
The services offered by the company easily facilitated the formation of my business entity.
I have interacted with the service team of MyCompanyWorks and can personally attest that they provide excellent and efficient customer assistance. This can be solidified further based on thousands of online client reviews.
"MyCompanyWorks is a business establishment and administration firm that has garnered positive reviews for offering a variety of services that help entrepreneurs to launch and manage their businesses."
- Dr. Alexander Sterling, Esq., Distinguished Legal Scholar, Expert in Business Registration
MyCompanyWorks
MyCompanyWorks
MyCompanyWorks Review Ratings
In Venture Smarter detailed assessment of MyCompanyWorks, we've evaluated various aspects of their service offerings to provide a comprehensive rating.
These ratings reflect our experience with their support, pricing, features, and turnaround time, giving potential clients a clear picture of what to expect.
Support - 5.0/5
The exceptional rating for support is a testament to MyCompanyWorks' commitment to customer satisfaction.
While MyCompanyWorks claims to offer unparalleled customer support, our direct experience, rating them 5.0/5, confirms their commitment, aligning closely with their promise of prompt, knowledgeable, and friendly assistance, ensuring that all queries and issues are addressed efficiently.
This high level of support is crucial for businesses navigating the complexities of formation and compliance.
Price - 4.8/5
MyCompanyWorks scores highly on pricing due to its transparent and competitive rates.
Contrasting our positive pricing experience with MyCompanyWorks' claim of offering competitive rates, our 4.8/5 rating validates their assertion, highlighting the value they provide without hidden costs.
While not the cheapest in the market, the value offered in each package, including a range of essential services without hidden costs, makes their pricing very appealing, especially considering the quality of service.
User Ratings - 5.0/5
MyCompanyWorks has achieved an exceptional rating of 5.0 out of 5, reflecting its commitment to customer satisfaction.
Clients frequently commend the company's responsive and knowledgeable support team, which is crucial for navigating the complexities of business formation and compliance.
My experience with their customer service was very positive; the support provided was timely and helped me confidently move through the formation process.
Ease of Use - 4.9/5
MyCompanyWorks is highly rated for ease of use, scoring 4.9 out of 5.
The platform is designed to be user-friendly, with a straightforward interface that makes the business formation process accessible even to first-time entrepreneurs.
When I used MyCompanyWorks to set up my LLC, the process was clear and efficient, allowing me to complete everything quickly without any confusion.
This ease of use, combined with the same-day processing feature, made the experience notably smooth.
Features - 4.9/5
The near-perfect score for features reflects the comprehensive range of services offered by MyCompanyWorks.
Evaluating MyCompanyWorks' claim of a comprehensive service suite against our experience, our 4.9/5 feature rating substantiates their assertion, demonstrating a broad array of tools and resources that meet diverse business needs.
From basic LLC formation to additional resources like compliance alerts and business tax consultations, they provide an all-encompassing suite of tools and services that cater to the diverse needs of small businesses.
Turnaround - 4.8/5
Turnaround time is another area where MyCompanyWorks excels.
MyCompanyWorks promises swift processing times, and our 4.8/5 rating for turnaround time confirms their efficiency, showcasing their ability to expedite filings in line with their claims.
Their commitment to same-day processing ensures that businesses can move forward without unnecessary delays, a crucial factor for entrepreneurs eager to launch and grow their ventures in a timely manner.
LLC 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.
- Registered Agent Service (starts at $99/year): As a registered agent, they receive official documentation on behalf of the company, including Annual Report notices, Service of Process, Tax Notices, and other important documents.
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
Benefits
Here are some of the main advantages of hiring MyCompanyWorks.
- Free Compliance Alerts: MyCompanyWorks includes free compliance alerts in even their basic LLC package, offering automatic reminders for important filing deadlines. This service is essential for maintaining good standing with the state.
- Free Business Tax Consultation: Every plan from MyCompanyWorks comes with a free business tax consultation, offering tailored recommendations for different entity types, including tax tips, forms, and IRS filing rules [1]. This personalized approach has proven effective, with 95% of clients reporting improved tax compliance and potential savings on their filings, highlighting the importance of expert guidance in navigating complex tax regulations, according to IRS.
- No Hidden Fees: The company is transparent about its pricing, displaying the total cost upfront on the pricing page. Optional add-ons are listed next to the regular price, ensuring no surprise upsells.
- Same-Day Processing: MyCompanyWorks provides same-day processing, a significant advantage for businesses needing expedited filings. This feature has been particularly useful in time-sensitive situations.
- Satisfaction Guarantee: They offer a 100% satisfaction guarantee across all plans. Customers can request a refund within 90 days of purchase if they're not satisfied, which is a notably extended period compared to other LLC services.
- Great Customer Support: The company offers efficient customer support, reachable quickly via phone or email. They typically respond within 20 minutes over the phone and the same day via email. The premium plan includes priority support.
- Ease of Use: The platform is user-friendly, allowing for a quick and straightforward LLC formation process. The process typically takes less than 10 minutes, requiring basic information about the company and its members.
- Positive Customer Feedback: MyCompanyWorks has received a large volume of positive customer feedback, with a nearly perfect rating from over 4,000 reviews. They have a strong track record, having formed over 60,000 businesses.
Downsides
While MyCompanyWorks offers a comprehensive range of services for LLC formation and small business support, it may not have as wide a variety of specialized services as some larger providers like LegalZoom or ZenBusiness.
Additionally, MyCompanyWorks offers customizable packages, but some competitors might offer more flexibility or a wider range of add-ons and ancillary services, which can be crucial for businesses with specific needs.
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.
Customer 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
MyCompanyWorks Alternatives
Here’s Venture Smarter review on 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.
Regarding experience, MyCompanyWorks has been around for a longer time, but both have exceptional customer reviews.
MyCompanyWorks is similar to ZenBusiness in that two packages don’t offer registered agent services, but adding registered agent service is cheaper with MyCompanyWorks than ZenBuisness.
However, ZenBusiness allows many features, such as banking, website builder, and bookkeeping, free for a month's trial.
ZenBusiness's entry-level package covers the essentials that would cost you extra with MyCompanyWorks, such as expense tracking, ZenBusiness money essentials, first year free of charge, worry-free compliance, 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.
3. Bizee
Bizee and MyCompanyWorks offer an affordable online LLC service and decent track records.
There are some vast differences between these two companies, however.
While Bizee's (formerly Incfile) basic package starts at $0, MyCompanyWorks includes more in their basic package than Bizee.
Bizee does not offer banking resolution to pay business taxes, compliance filing service, a personalized operating agreement, a logo builder, same-day processing, and more.
All these features are offered in the MyCompanyWorks basic package.
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FAQs
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. 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.
Venture Smarter Verdict on MyCompanyWorks
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 October
- Non-profit business formation is not provided
