Inc Authority LLC Service Review
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MyCompanyWorks LLC Service Review
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Starts at $0 + state fees and only takes 5-10 minutes
Since 2001, MyCompanyWorks has provided LLC formation and other legal services to more than 60,000 businesses. There are dozens of services that will form an LLC, but MyCompanyWorks has carved out a market share.
Like any company, they have their advantages and disadvantages, which is why this MyCompanyWorks LLC service review outlines everything you need to know before deciding to use their LLC formation services.
About MyCompanyWorks
MyCompanyWorks was formed as MyNewCompany in 2001, and they’ve formed over 60,000 LLCs and corporations since then. In 2017, they were named to the Inc5000 rankings of the fastest-growing private companies in America.
Advantages and Disadvantages
Advantages of MyCompanyWorks
✔ They get strong feedback from their customers, with high average rating scores out of more than 4,000 online reviews.
✔ Their $59 Basic package includes a personalized LLC operating agreement and organizational minutes, along with a compliance alert system that keeps you informed of important filing deadlines.
✔ MyCompanyWorks returns most phone calls and emails in 20 minutes or less during business hours, while many competitors can take a full business day or longer to get back to you.
Disadvantages of MyCompanyWorks
✖ There are more affordable LLC services available. Other online LLC services, like us at ZenBusiness, will form your LLC for free (just pay your state’s required fee).
MyCompanyWorks LLC Packages
MyCompanyWorks offers three different levels of LLC service packages: Basic, Entrepreneur, and Complete. To review the details of each package, keep reading for a breakdown of what you’ll get.
Basic = $59 + State Fee
➢ Preparation and Filing of Your Articles of Organization: These are the documents required by your state of formation to officially form your LLC. MyCompanyWorks will draft these forms and then submit them to your state to create your company.
➢ Name Availability Search: They will search the business database operated by your state of formation in order to determine if your desired business name is available or if it’s already claimed by another business.
➢ LLC Operating Agreement: This document lays out the ownership structure of your LLC, as well as provides information about how the company will be operated. The MyCompanyWorks website claims it will draft this custom document for you, but when we called to ask for clarification, the representative we spoke to said they only provide you with a template.
➢ Organizational Minutes: LLCs are not required to take minutes of their meetings, but if you want to, they’ll include custom minutes forms, so it’s easier for you to organize your meetings.
➢ Company Alerts: They’ll set up a handy tool for you to keep track of your compliance deadlines and filing requirements.
Entrepreneur = $179 + State Fee
Everything from the Basic package, plus…
➢ One Year Registered Agent Service: If you operate an LLC anywhere in the U.S., you must designate a registered agent for your company. This is an individual or a business entity that agrees to receive service of process and important document deliveries from the state on your behalf. This is a vital part of any LLC because, without a registered agent, process servers and the state have no reliable way to contact your business. (Quick note: you can also get a registered agent service by itself if you need to.)
➢ Federal Tax ID Number (EIN): This is essentially a Social Security number for your business. An employer identification number (EIN) allows you to hire employees, open business bank accounts, pay business taxes, and much more.
➢ MyCompanyForms Business Forms: These are sample documents in a library of 200+ commonly used business forms that you can customize.
Complete = $259 + State Fee
Everything from the Entrepreneur package, plus…
➢ MyCompanyWorks Premium: This feature includes annual report service with due date tracking, initial report service (if required in your state), business entity monitoring and compliance alerts, and more. MyCompanyWorks typically sells this feature as a standalone service for $99 per year.
ZenBusiness LLC Packages
Compare Packages
Identify the LLC package and services that fit your needs and then get started.
Starter
Premium
Starter
$0
Top Features
We do everything needed to file your application with the state and make your business official. Standard LLC Filing
We’ll file your paperwork quickly and accurately. If there are any errors with your filing, our team will do what’s needed to make it right. 100% Accuracy Guarantee
Keeps you compliant with all state-required annual report and amendment filings to maintain LLC protections and avoid fines. Worry-Free Compliance
This essential document is like the constitution for your business. Operating Agreement
Our fastest service puts you to the front of our line of filings. Our Fastest Filing Speed
Our team will secure your EIN from the IRS so you can open a business bank account, hire employees, and pay taxes. EIN
Includes over 25 templates for contracts, service agreements, waivers, and more. Business Documents
Get online with a website builder tool optimized for traffic and customers. Business Website Builder
Build and protect your brand by registering a private domain name that matches your business name. Domain Name with Privacy
Stay organized and give your business more credibility with a business email. Business Email Address
File in 2 to 3 weeks **
1 year free, then $199/yr*
+$99
+$79
+$99
+$99
+$15/mo
+$35/yr
+$25/yr
*SPECIAL OFFER – Get Starter for $0 plus state fees. Includes one optional free year of Worry-Free Compliance that renews at $199/yr.
**These filing times are averages and include our processing times and Secretary of State turnaround times which vary by state.
Deep Dive Into MyCompanyWorks Review
Overall Pricing and Value
While they’re not as expensive as some services, there are also more reasonable offerings available. Their basic package is $59, which isn’t a bad price considering the business documents included, but there are some competing companies that offer lower prices and/or more valuable features. For example, we’ll form your LLC for free.
MyCompanyWorks does guarantee that they’ll process your order within one business day without charging extra, which is a welcome feature. And, even though you do have to pay extra for their registered agent service (unless you purchase one of their two upper-tier business formation service packages), it costs $99 per year.
Track Record
Founded as MyNewCompany in 2001, they changed their name several years ago to MyCompanyWorks. Since they opened for business, they’ve helped form more than 60,000 companies.
They also made Inc5000’s 2017 list of the fastest-growing private companies, which was an impressive accomplishment, even if it was a while ago. This indicates that customers use the service and either return to use it again or recommend it to friends.
When it comes to customer feedback, MyCompanyWorks has a positive reputation. They have more than 4,000 reviews available online, and over 97% of them are either 4- or 5-star ratings. In those positive reviews, their clients often discuss how quick and easy they make forming a business and how well MyCompanyWorks explains each step of the formation process.
Customer Support
MyCompanyWorks offers phone and email support. We reached out via the form on their website and received a response back in less than 24 hours. They answered our question and included a couple of links to their website that helped expand upon their answer.
We also called to see how their customer service via phone is. The representative we spoke to was courteous and answered our questions with some elaboration. They also asked if we had any other questions or wanted to start the process of forming a business while we were on the phone. Their phone support is available from 9 a.m. to 7 p.m. ET Monday through Friday.
Ease of Placing an Order
The point of using an incorporation service is to save time and make the formation process simple. With some online services, it can still feel like you’re basically filing on your own. But with MyCompanyWorks, the process is straightforward and streamlined.
Once you’ve selected a package and any add-ons you need for your business, the application process is quick and easy. As long as you have all of the information you need, it shouldn’t take longer than 10-15 minutes. If you’re not sure where to begin with forming your business, they have a list of helpful articles covering topics like where to form your LLC or corporation and which of those entities is the right choice for you.
Overall Turnaround Time
MyCompanyWorks guarantees that they’ll process your formation paperwork the same day you submit your order if it’s before 3 pm ET, or the next business day if you submit your order after 3 pm ET. They also offer an upgrade to expedite service with the state once the paperwork is filed.
Overall, MyCompanyWorks can have your LLC or corporation formed within just one business day in some states, while in others, it can take a few weeks. Regardless of which entity you’re forming or where you’re forming it, they have estimates for both standard and expedited service on the order form. In general, we’ve noticed that their turnaround times are often slightly faster than some competitors.
Is MyCompanyWorks right for you?
In general, MyCompanyWorks is a solid LLC formation service with more pros than cons to their services. Here are some guidelines regarding whether it’s a good idea for you to use MyCompanyWorks.
✔ When to Set Up an LLC with MyCompanyWorks:
If you place a high value on customer service and client feedback, MyCompanyWorks is an option.
✖ When NOT to Set Up an LLC with MyCompanyWorks:
Need to save a bit more money or bundle in some more advanced features? There are ways to do that with other business formation services that are equally as reliable. For instance, we’ll form your LLC for free, while MyCompanyWorks charges at least $59 (you’ll pay your state’s fee either way).
Start your LLC with ZenBusiness
Pricing starts at just $0 + state fee
Frequently Asked Questions About MyCompanyWorks
Got LLC service questions? We have answers.
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MyCompanyWorks was first formed back in 2001. Over the years, they’ve served more than 60,000 business clients with entity formations and other business services. When it comes to customer feedback, MyCompanyWorks has more than 4,000 reviews available online, and they maintain solid average rating scores.
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Unfortunately, we were unable to find any promo codes, discounts, coupons, or sales for MyCompanyWorks.
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MyCompanyWorks has strong customer service because they keep it all in-house. When you call them, you don’t get transferred to an anonymous call center, you speak with a knowledgeable MyCompanyWorks employee.
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Depending on where you look on their website, you could get two different answers. You’ll see MyCompanyWorks refer to their 100% satisfaction guarantee quite a bit, which says they’ll refund your money if you’re unhappy for any reason. However, at the time of this writing, other parts of their website contradict this claim.
For instance, in the terms and conditions, MyCompanyWorks lays out a very different and much more costly refund policy. It says that depending on the status of your order when you request your refund, you will receive the total order amount minus a $25, $50, or $75 processing fee. Once your documents have been shipped to the state, refunds are no longer available.
Which one of these is MyCompanyWorks’ actual refund policy? To be honest, we’re not quite sure.
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You certainly can, and actually, quite a few entrepreneurs do form their own LLCs. The issue is that it can be a hassle, especially considering the fact that each state has different rules and regulations regarding LLC formation. On the other end of the spectrum, you could hire a lawyer to form your company, but that’s usually going to cost much more money than an online LLC service.
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Each state has a way to reserve a business name before forming your entity itself. In general, this is only necessary if you aren’t yet ready to enter the formation process.
If you’re ready to start your business, there’s no reason to reserve your name before forming your LLC. We will note that certain states (like Alabama) require you to reserve a name before you form your business.
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MyCompanyWorks does not offer publication service, but they do pledge to “send you detailed instructions for publishing your LLC” if necessary in your state. If you’re looking for a company that will take care of publication requirements on your behalf, take a look at our New York publication service.
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Yes, there’s no requirement that you be present in the U.S. when forming an LLC. In fact, you don’t need to be a U.S. citizen or resident to form an LLC either, as foreign nationals are allowed to own and operate LLCs just like U.S. citizens are.
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You can contact MyCompanyWorks via phone by calling 800-326-1362. Instead of publishing a specific email address, they have an email contact form on their website. Once you submit your message, a MyCompanyWorks representative will reach out to you via email as soon as possible.
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In our opinion, MyCompanyWorks keeps the upsells to a minimum compared to LegalZoom. Quite a few of their competitors place a considerable amount of pressure on you to buy expensive add-on features that drive your total cost way up, but MyCompanyWorks doesn’t bother us in this regard. They do have some optional add-ons available, but they’re not pushy about it.
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MyCompanyWorks’ processing times vary depending on your state of formation, but in general, they’re a bit quicker than some competitors. If you need to speed up your formation turnaround time, you can upgrade to their expedited service which can reduce your processing time from weeks down to just a few days in some states.
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This is a tough question to answer without knowing the specific needs of your unique business. We personally enjoy getting an EIN included with our LLC formation, even if it means spending extra to add it on or to upgrade to a higher level of LLC service.
The convenience of not having to get one ourselves through the IRS is worth it for us, and we like to have our Articles of Organization and EIN confirmation in the same place. However, we would understand if you’d rather save some money and acquire your own EIN from the IRS directly.
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MyCompanyWorks doesn’t offer a lengthy laundry list of additional services like some competitors do, but they still provide a selection. They can help you out with services like doing business as (DBA) names, apostille, annual reports, amendments, dissolutions, annual reports, foreign qualifications, registered agent service, Certificates of Good Standing, certified copies, and virtual office service.
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Some of their competitors offer LLC formations at lower rates while still providing valuable features. Take a look at our head-to-head comparisons for further details.
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The biggest advantage of MyCompanyWorks is its strong customer feedback. Even with its high volume of reviews, MyCompanyWorks maintains good rating scores on review websites, which provides peace of mind for people thinking about using their services. Its biggest disadvantage is its $59 price point for LLC service, especially when we offer similar services for free (you’ll pay your state’s fee either way).
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They do, and depending on which package you buy, you might already have these features bundled into your business formation. MyCompanyWorks offers registered agent service for $99/year, and they also have their MyCompanyWorks Premium feature for $99/year, which includes managed annual report service and a compliance dashboard.
Disclaimer: The content on this page is for information purposes only and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
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