Mycompanyworks Review (2023) 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.

As a business consultant who specializes in the formation of companies, I have considerable experience dealing with online service providers.

Based on my insights, I'll impart a comprehensive review on MyCompanyWorks detailing their services, costing, benefits and comparison with other companies to help you decide if it is a suitable option for your business.

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.

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.

The image below are the services that the company offers and you can avail of.

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.

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:

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.

As an expert business consultant, it has been my practice to advise my clients to prioritize business compliance to keep their companies legitimate. MyCompanyWorks offers free compliance alerts with all the necessary filings to keep your business in good standing with the state.

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

MyCompanyWorks offers same-day processing, which is a default advantage for businesses who wish to expedite their filings. I can personally attest that this particular feature the company offers has been useful when dealing with time constraints.

In our experience, this LLC formation service 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. A client of mine reached out regarding an immediate concern and the team was available and responsive. The issue was addressed expeditiously, attesting to their commitment to client service.

Below is a screenshot of their email correspondence which took under a minute after my inquiry.

They typically respond over the phone within 20 minutes and the same day over email. The MyCompanyWorks premium plan offers priority support.

The screenshot below attests to the company's excellence based on positive feedback from clients:

7. Ease of Use

As I was using the platform to form an LLC, the process took less than 10 minutes to complete. I only had to provide the company name, contact address, registered agent and information regarding the members. In my experience, the filing process was quick and straightforward.

Since I've personally navigated the platform, I've included a screenshot of the order information webpage, so you could have an idea about what needs to be filled in.

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.

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. However, ZenBusiness allows many features, such as banking, website builder, and bookkeeping free for a month 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.

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.

FAQs

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.