Published: November 17, 2021
- Legal advice: No
- Legal documents: Yes
- Register a company: LLC, Corp, S-Corp
- Name availability search: Yes
- Registered agent service: Yes
- On-call agents: No
- Register in other states: Yes
- CPA assessment: No
People with no legal background.
- Less than 1% of filings rejected
- Same-day processing available for all orders
- Free e-delivery of scanned documents
- Efficient phone and email support (100% based in the US)
- Lack of customer reviews on review platforms
- Not the cheapest option
$79 + state fees
Entrepreneur package for incorporation
$199 + state fees
Entrepreneur package for LLC formation
$227 + state fees
Complete package for incorporation
$279 + state fees
Complete package for LLC formation
$307 + state fees
Forming a new business is not easy. It’s especially true because of all the legal requirements you have to meet, which asks for investing time and putting in an immense effort. That’s where MyCompanyWorks comes in.
MyCompanyWorks offers easy-to-use business formation services for an affordable price. MyCompanyWorks reviews praise the company’s straightforward approach and commitment to making the process understandable even if you have no legal background.
What Is MyCompanyWorks?
Whether you want to open an LLC, form a corporation, or simply keep your business compliant, MyCompanyWorks (formerly known as MyNewCompany) will get it done quickly and efficiently.
MyCompanyWorks offers affordable online formation services for LLCs and corporations. The company is frequently praised for being very efficient and quick, even offering same-day processing on all orders.
Additionally, you can hire MyCompanyWorks to be your registered agent and receive essential documents on your behalf. It’s one of the best registered agent service options, but it does come at an extra cost.
MyCompanyWorks Review of Features and Services
Most reviews will tell you that it isn’t the cheapest service. That being said, the company offers online formation services of the highest quality for an affordable price. Below is what it could provide you with:
- Conducting a free company name search to make sure nobody is already using your chosen company name.
- Preparing and filing articles of organization necessary for the LLC formation.
- Drafting an operating agreement with your team. MyCompanyWorks helps you set the rules by which your business will be run.
- Obtaining an Employer Identification Number so you can open a business bank account, establish business credit, and hire people easily.
According to MyCompanyWorks reviews in 2021, its customer support team can help you out at any time. In addition, the Startup Wizard and e-guides make the process even easier.
MyCompanyWorks Review of Packages
MyCompanyWorks offers several packages, starting at just $79 plus state fees. Here’s how they compare and what upgrades you get with the pricier options.
The basic package gives you everything you need to get started. Read on our MyCompanyWorks review to learn what you can get your hands on by signing up.
The formation of both LLCs and corporations costs $79 plus state fees. What’s more, if you submit your order before 3 pm EST, you can take advantage of the same-day processing.
On top of getting entity-specific support, both LLC- and corporation-orientated plans include the following features:
- MyCompanyForms™ Lifetime Business Forms & Tax Guide to access over 200 up-to-date forms, including entity-specific tax forms — all that for $39.
- Free business tax consultation to teach you about how your entity is taxed, which forms you need, and what tax benefits you might enjoy. MyCompanyWorks reviews for 2021 praise this feature a lot.
- Free domain name and one year of hosting to create a professional website for your business.
- Startup funding consultation with a funding range between $10,000 and $500,000 and no collaterals needed.
Customers with basic subscriptions also get the same high-quality customer support and useful business resources as higher-paying members, based on a number of MyCompanyWorks reviews.
The Entrepreneur package costs $199 for those planning to form a corporation and $227 for those eager to form an LLC. Of course, these come with additional state fees.
Now, both packages offer significant upgrades:
- Federal Tax ID is already included in these packages (the Basic package offers one for an additional payment of $49). This feature ensures that you get sufficient help with the application.
- Kit, Seal, and Certificates with custom-made binders. This feature differs slightly depending on the selected business entity. Those forming an LLC will get an LLC Kit, Seal, and Member Certificates, while those forming a corporation will obtain a Corporate Kit, Seal, and Stock Certificates.
While securing a Federal Tax ID (EIN) in the package is quite tempting, most MyCompanyWorks reviews recommend getting it as an add-on to a cheaper Basic package, especially if you do not need any other advanced features included in the Entrepreneur plan. EIN registration for Basic members costs $49 and gives you the same service premium users get.
The highest tier LLC formation package starts at $307, and the incorporation one — $279. The complete package includes all the features and services of both Basic and Entrepreneur plans.
On top of that, it includes a registered agent service. Typically, using MyCompanyWorks as a registered agent costs an additional $99 per year, so the upgrade is a great way to save on that.
For an additional $99 per year, you can get MyCompanyWorks to help you keep your business compliant and never miss important deadlines.
MyCmpanyworks review confirms that this plan includes everything you need for exemplary compliance:
- Initial and Annual Report Filing Service (you pay only state fees)
- ComplianceLock™ Alerts
- Automatic Minutes and Resolutions
- Business Entity Monitoring
The membership also gets you 5 GB of cloud storage and priority customer support to ensure that all issues are resolved quickly and efficiently.
MyCompanyWorks Virtual Office
This newly introduced virtual office service caught the attention of many reviews. It starts at $39 and includes a real street address, phone number, and separate fax number. You can also use unlimited mail forwarding.
You can contact the company via phone or email during business hours. They were quick to respond to our emails and resolved the issue in a single interaction. The help center articles are also handy and comprehensive, so you might not need to contact MyCompanyWorks support altogether.
Sadly, at the time of writing, there is no live chat for a more real-time response. That could certainly be something for MyCompanyWorks to look into and introduce if deemed worthy.
How fast is the MyCompanyWorks website? Based on our experience, the website loads instantly, making up for an excellent start of a user journey. To get started, simply go to MyCompanyWorks.com and click on “Order Now” in the upper right corner.
The startup wizard has explanations in plain English, and it will guide you through the process. We also couldn’t help but appreciate helpful video explanations, knowledgebase articles, and a free guidebook. MyCompanyWorks also has a YouTube channel with a couple of video tutorials.
You won’t get lost while navigating the application process or looking for some documents because the site’s interface is super intuitive. With the majority of users forming their first impressions of a website based on visuals and designs, MyCompanyWorks is set in a way that catches your eye immediately.
MyCompanyWorks Reviews From Users
Online reviews are a key factor in customers’ purchasing decisions. That’s why we’re glad to see that MyCompanyWorks, Inc. has stellar ratings on review websites:
- 4.9/5 on Shopper Approved
- A+ rating of MyCompanyWorks on BBB (Better Business Bureau)
- 4.9/5 from verified customers
While we couldn’t find any reviews of MyCompanyWorks on Reddit, reviews on the company’s website from verified customers are more than sufficient. Most reviews there are positive and praise the simplicity of use as well as stellar customer support.
That being said, there are a few negative reviews. For instance, a few customers had problems placing an order or having all of their content stored. To our delight, the company representatives are always quick to respond and help solve any issues that arise.
MyCompanyWorks Alternative Options
While MyCompanyWorks offers high-quality business formation services (and more), they’re far from the only choice. So how does the company stack up to its main competitors? Is it the best LLC service platform? Let’s find out.
MyCompanyWorks vs. LegalZoom
LegalZoom is easily the world’s most popular online legal services provider. LegalZoom offers custom forms and on-call legal consultations at an affordable price. With LegalZoom, you can ensure your entity’s compliance by consulting an actual attorney with LegalZoom’s membership package without having to splurge on hiring a lawyer.
Now, when it comes to pricing, MyCompanyWorks packages and registered agent services are more affordable. What’s more, our MyCompanyWorks review can affirm that its application process is more streamlined compared to somewhat oddly laid out LegalZoom’s process.
That being said, the two companies tie when it comes to the company’s track record and experience. Finally, our analysis of both companies’ customer support led us to think that the two are yet once again even.
MyCompanyWorks vs. Northwest
So, how does MyCompanyWorks compare to other LLC services, such as Northwest? Let’s see.
Northwest is a legal; services company that’s hard to ignore. Its services are packed with features, which include LLC formation, registered agent service, virtual office, tons of helpful articles about legal services, and more.
In other words, it’s indeed a close competitor of MyCompanyWorks. However, Northwest can never beat MyCompanyWorks’ pricing as the latter is a lot cheaper. So, if your priority is the budget, then we recommend going with MyCompanyWorks.
MyCompanyWorks reviews this 2021 seem to be in agreement with our verdict — it’s one of the best online legal services companies on the market. While there are excellent alternatives, it never falls behind with the competition.
MyCompanyWorks offers an impressive set of services for starting and running a company. From LLC registration to running a virtual office with the company’s easy-to-use system — MyCompanyWorks goes above and beyond to meet the needs of your business for an affordable price.
Is MyCompanyWorks legit?
Yes, and there are countless positive reviews to prove it. MyCompanyWorks, Inc. is also an A+ rated company (Better Business Bureau), which means that it complies with stringent norms and follows best practices of business formation services. All in all, with over two decades of experience, it has already built its credibility and authority.
Does MyCompanyWorks have good customer support?
Yes, the MyCompanyWorks customer support team is great. They’re reachable by email and phone, and they’ll solve your problem with minimal delay (almost always in a single interaction). The agents are knowledgeable and friendly, and they try their best to resolve every issue.
Does MyCompanyWorks offer any discounts?
Yes, it does. At the time of writing, the company is offering a 20% discount on all its services to celebrate its 20th anniversary. In addition, many coupons and deals are available online from many different platforms, such as Knoji.com, Offers.com, Dealspotr.com, Goodshop.com, and more. Discounts range anywhere from 15% up to 50%.
Does MyCompanyWorks sell or share my information with third parties?
How quickly does MycompanyWorks process LLC formations?
Generally, MyCompanyWorks gets things done within just one business day in most states. That being said, forming an LLC in some states can take a few weeks. Overall, MyCompanyWorks seems to be much quicker than most of its competitors.
Does MyCompanyWorks have a refund policy?
Yes, MyCompanyWorks does have a refund policy. If you’re not satisfied with the services, the company will refund you within 90 days from the date of purchase, excluding any government fees and third-party costs incurred during the process.
All you need to do is send MyCompanyWorks a letter asking for a refund and indicating the reason. According to MyCompanyWorks reviews, the entire process is fuss-free, and the company is very responsive and willing to either correct the situation or offer a refund.