Is MyCompanyWorks one of the best websites to form an LLC? It is one of the most well-received LLC services, providing formation services to plenty of clients over the years.
However, knowing if it’s the right fit for your business is a different topic. In this review, our team of experts review everything you need to know before deciding to use this LLC formation service.
Pros
- The company has excellent customer feedback. It has over 3,000 online customer reviews which are mostly positive.
- MyCompanyWorks has helped over 60,000 customers with their business formation packages, a feat many other online LLC companies haven’t achieved
- Their basic package includes LLC organizational minutes, personalized LLC operating agreement, and compliance alerts as free extras
- Great customer support that responds to email within 20 minutes or less and often return phone calls during business hours
- Free tax consultation with some of the formation packages if you need it
- 100% satisfaction guarantee and excellent refund policy
Cons
- The company only includes registered agent service in their Complete package, which costs $279 (plus state fees), whereas some competitors offer this same formation service with any of their LLC formation package
- With a basic package of $79 (plus state fees), MyCompanyWorks is relatively more expensive than most competitors that charge less for a very similar offering
If you want to know more of your options for service firms, then Swyft Filings comes highly recommended.
MyCompanyWorks LLC Packages and Pricing
MyCompanyWorks has three different formation packages – the Basic, Entrepreneur, and Complete packages. Here is a full breakdown of what you’ll get from each package.
The Complete package costs $279 plus the state fee. It contains everything from the Entrepreneur package. It also will include registered agent service for one year, which can be purchased as a standalone service for those who opt-in for the Basic or Entrepreneur package.
The Basic package costs $79 (state fees not included). This package features the preparation and filing of your articles of organization with your state of formation, name availability check to determine whether your desired name is available or already taken, online order tracking and status updates, LLC operating agreement, organizational minutes, unlimited support (phone, email), company alerts, and so on.
The Entrepreneur package costs $199 plus the state fee. It contains everything from the Basic plan, plus a Federal Tax ID number (EIN) and it corresponding cost which enables you to pay business taxes, open business bank accounts, hire employees, an LLC kit and seal, business forms, and more.
MyCompanyWorks Features and Services
Our team of experts found that MyCompanyWorks provided lots of favorable features to its customers just like Bizfilings and LegalZoom.
Other LLC formation features that come as a standalone include annual reports, apostilles, articles of amendment, articles of dissolution, certificate of good standing, certified copies, corporate LLC kit, seal, DBA fictitious name, filing a trademark, foreign qualifications, and so on.
Other business services include business credit building system, compliancelock™, virtual office (in Nevada or Wyoming), MyCompanyForms, merchant account services, logo and web design, business and health insurance, business tax consultation, business license service, among others.
Experience and History
MyCompanyWorks initially started as “MyNewCompany” in 2001. Since then, it has helped over 60,000 small business owners to start and register their LLC, DBA, and any other type of corporation. Aside from LLC formation, MyCompanyWorks has provided other business and legal services.
MyCompanyWorks’ mission is to make the frustrating, confusing, and expensive experience of LLC registration as easy, effortless, and affordable as possible. Most MyCompanyWorks reviews highlight how the company makes matters easy. Over the years, the company has built a great reputation and loyal fan-base because it delivers high-quality services on its promises.
Registered Agent Services
Unlike most other LLC companies such as Swyft Filings offering this service for free for one year with all their packages, MyCompanyWorks offers registered agent services only in its Complete LLC plan. Otherwise, it costs $99 per year. However, from reviews and information provided by the company, our team found that you get a good quality of services for the price you pay.
When you trust MyCompanyWorks as your registered agent, you’ll benefit from features like service of process, annual report notices, tax notices, statutory compliance, mail acceptance, notifications when forms and documents are received, online access, an extra level of privacy between you and your business, and so on.
This firm also makes it easy for existing business owners to switch to their registered agent service. Unlike some other LLC service providers that charge agent fees, MyCompanyWorks doesn’t charge switching customers any agent fee. Whether you’re starting a new LLC company or switching an agent, you may want to consider MyCompanyWorks for registered agent services. Like other companies with outstanding registered agent services, MyCompanyWorks does not disappoint.
Customer Service
For customer service, customers can get support via phone calls and email. The customer service is available from Monday to Friday, phone support is available between 8 am to 4 pm PST while email support is available from 7 am to 5 pm PST.
Most online reviews showed that the firm returns most emails and phone calls within 20 minutes or less.
For impressive customer service, you can also rely on the services of Incfile formation company.
MyCompanyWorks Guarantee and Refund Policy
Like CorpNet formation service provider, MyCompanyWorks has a 100% satisfaction guarantee and offers an exceptional refund policy. If for any reason you’re not satisfied with what you received, you have 90 days to claim a risk-free refund.
Though you would get back every cent that you paid to MyCompanyWorks, the state filing fees, as well as any fees paid to third-party vendors, aren’t refundable, they are excluded from the refund policy. An application fee may be charged depending on how far along your application has gone.
MyCompanyWorks Evaluation
Pricing and Value
Though we’ve already mentioned MyCompanyWorks pricing and packages in this MyCompanyWorks review, our team wants to briefly explain the value in each package.
MyCompanyWorks has a 3-tier pricing plan. The company also has a service called the MyCompanyWorks Premium, which costs $99 per year. This service includes annual report filing, resolutions manager, ComplianceLock, e-ledger and certificates, business entity monitoring, unlimited custom alerts, priority support, and 5GB of cloud storage.
MyCompanyWorks has no free or trial plan, but the more you pay, the more features you unlock. In terms of value, MyCompanyWorks offers lots of value but you would have to pay extra for most of them. With that said, MyCompanyWorks’ plans are well worth the cost for the benefits.
If reasonable pricing is what you are looking for, you can check the Northwest Registered Agent Service here.
Track Record
MyCompanyWorks started as MyNewCompany in 2001 and has formed over 60,000 LLCs, DBAs, and corporations since then. In 2017, the firm was listed in the Inc5000 rankings[1] of the fastest-growing private companies in America.
MyCompanyWorks Ease of Use
MyCompanyWorks inc. is one of the top-notch LLC formation services around with a comprehensive solution. The major problem you might face with this firm is deciding which of the many available features to choose because the firm seems to be a one-stop-shop for all your business needs.
But during our team members’ individual MyCompanyWorks reviews, the website is relatively simple to use and navigate with an extensive help section. Registering a new company is as simple as hitting the “Get Started” button. There is a startup wizard to guide you step-by-step through the entire registration process.
If you’re faced with any glitch, there is phone and email support too. But if you wish to speak to a representative or consultant in person, you can set up a one-on-one appointment at the Las Vegas office.
Turnaround Time
This varies according to the processing state and is rather complicated. For instance, when you choose the best state to form your limited liability company, it can take between 1 to 3 business days while others take two to three week or more. The average processing time for your chosen state will be displayed on the online formation order to make sure you check it to have an idea of how long the turnaround time for your filing would be.
Though the company offers “rush filing” for about $100, they don’t indicate how much this would speed up your turnaround time. It is claimed that the “rush filing” uses overnight shipping and hand delivery of filing documents.
MyCompanyWorks Alternatives
If you like a more affordable LLC formation service or feel like MyCompanyWorks is still not good for you, then here are two options you may consider among the stellar online incorporation services available:
- ZenBusiness: This firm charges $39 for its basic LLC formation plan, which includes a customizable operating agreement and a full year of registered agent service. Though you’ll have to prepare most of the business documents yourself, the firm would provide the working templates.
- Northwest Registered Agent: This firm offers a similar entry-level package, which includes a registered agent service, for just $79 (state fee not included). Though you won’t get as many extra features, you’ll get more extensive support.
Customer Reviews
MyCompanyWorks has over 3,000 online customer reviews scoring 4.9 out of 5. The company’s BBB review rating is A+. The firm has only one complaint in the last three years, which was that its verification process was too strict.
Most online customer reviews agree that the company is a fast and efficient platform to form an LLC. The lack of negative customer feedback is a good sign that the company delivers excellent services that clients expect.
FAQ
Is MyCompanyWorks legit?
Yes, MyCompanyWorks is legit. The firm started in 2001 and is still operating. The company has helped over 60,000 customers with business formations and other legal services. The company has over 3,000 online customer reviews which are mostly positive.
MyCompanyWorks Review Conclusion
In our review, our team of experts found that MyCompanyWorks is one of the best providers of LLC formation services. Most reviews cite the company’s efficient service and responsiveness.
The company also has a wide range of products, which is quite impressive. This makes the company a good option for those who need more features.
Though MyCompanyWorks’ packages are reasonably priced and excellently valued, you can opt to save some money with other LLC formation options.
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