Minimum price:

$79

Visit Website

MyCompanyWorks Review

MyCompanyWorks Review

Minimum price:

$79

Visit Website
  • 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

Best For

People with no legal background.

STRENGTHS
  • Less than 1% of filings rejected
  • Same-day processing available for all orders
  • Free e-delivery of scanned documents
  • Efficient phone and email support
WEAKNESSES
  • Registered agent service only included in their priciest package
PRICING PLANS:

Basic

$79 + state fees

Entrepreneur

$199 + state fees

Complete

$279 + state fees

MyCompanyWorks offers easy-to-use business formation services for an affordable price. MyCompanyWorks reviews praise the simple and straightforward approach and their commitment to making the process understandable even if you have no legal background.

But is this the best LLC website? In this review, we take a comprehensive look to find out.

MyCompanyWorks Review: Everything You Need to Know 

Whether you want to open an LLC, form a corporation, or keep your business compliant, MyCompanyWorks (also known as MyNewCompany) will get it done quickly and efficiently.

With free same-day filing on all their packages and premium membership to legally protect your entity, the company offers one of the best LLC service options for 2021.

While MyCompanyWorks isn’t the cheapest incorporation service, they offer some of the highest quality online formation services (for an affordable price). Here’s what they can do for you:

MyNewCompany Features

MyNewCompany’s service offer includes everything you need to start a business:

  • Name search to make sure nobody is already using your chosen company name.
  • Articles of organization preparation and filing. This is the act that creates your LLC.
  • Operating agreement drafting with your team. MyCompanyWorks helps you hold that meeting and finalize your operating agreement.
  • Employer Identification Number so you can open a business bank account, start building credit and hiring people.

To obtain an EIN, you can get the service as an upgrade or choose a higher-tier registration plan. The same goes for corporations, which go through a similar process.

While there are many legal hoops to jump, MyNewCompany’s customer support team can help you out at any time. The startup wizard and guide e-book make the process even easier – virtually all MyCompanyWorks reviews praise how straightforward their process is.

MyNewCompany Pricing 

MyCompanyWorks has three tiers of business formation packages, starting at just $79 plus state fees. Here’s how they compare and what upgrades you get with the pricier options:

Basic (starting at $79 + State Fees)

The basic package gives you everything you need to get started.

For LLC formation, it costs $79 plus state fees, and it includes preparing and filing the articles of organization, a custom operating agreement, and compliance & spelling audit.

If you submit your order before 3 PM, you can take advantage of the same-day processing. And, you get some premium add-ons for free:

    • MyCompanyForms™ Lifetime Business Forms & Tax Guide access to over 200 up-to-date forms, including entity-specific tax forms.
    • Free business tax consultation to teach you about how your entity is taxed, which forms you need, and what tax benefits you might enjoy.
  • Free domain name and one year hosting to create a professional website for your business.
  • Startup funding expert consultation with a funding range between $10,000 and $500,000 and no collaterals needed.
  • Up to $450 bonus if you open your business account with Bank of America. 

Basic accounts also get the same high-quality customer support and useful business resources (like the guidance e-book) as higher-paying members.

Entrepreneur ($199 + State Fees)

The entrepreneur package comes with several significant upgrades:

  • Federal Tax ID (or Federal Employer Identification Number, FEIN or EIN) application, filing, and a guarantee that you’ll obtain it.
  • LLC Kit, Seal, and Member Certificates with custom-made binders, 20 member certificates, a seal (with your company name engraved), and more.

Since you might need an EIN to open a business bank account, build business credit, or hire employees, it’s worth considering this package.

Alternatively, you can get it as an add-on to your cheaper package. EIN registration for Basic members costs $49 and gives you the same service premium users get.

Complete ($279 + State Fees)

The highest tier LLC registration includes everything above plus a registered agent service to receive your important documents, access them online, and keep your own address off state records.

Normally, using MyCompanyWorks as a registered agent costs an additional $99 per year, so the upgrade is a great way to save on that.

MyCompanyWorks Premium

For an additional $99 per year, you can use MyCompanyWorks’ help to keep your business legally compliant and never miss important deadlines. It includes everything you need for compliance on autopilot:

  • Initial and Annual Report Filing Service (you pay only state fees)
  • ComplianceLock™ Alerts to notify you about any possible problems
  • Automatic Minutes and Resolutions
  • Business Entity Monitoring
  • E-Ledger
  • E-Certificates

The membership also gets you 5GB of cloud storage and priority customer support to ensure that if issues come up, they’re resolved quickly and efficiently.

MyCompanyWorks Virtual Office

The newly introduced virtual office service starts at $39 and includes a real street address, phone number, and separate fax number. You can also use unlimited mail forwarding for your documents. Since the system is new, all future upgrades are included in the price.

MyNewCompany Customer Service

You can contact the company via phone or email during business hours. They were quick to respond to my emails (that I sent out during my research for this MyCompanyWorks review) and resolved the issue in a single interaction.

The help center articles are also handy and quite comprehensive, so you might not need to contact MyCompanyWorks support. Overall, a 5-star customer service experience.

Ease of Use 

It couldn’t be easier to open and run a business with MyCompanyWorks. To get started, go to mycompanyworks.com or mynewcompany.com and click on “Get Started” in the upper right corner.

The startup wizard has explanations in plain English, and it will guide you through the process. There is also a helpful video explanation, knowledgebase articles to help you out, and a free 23-page guidebook to help you start even if this is your first business.

MyCompanyWorks User Reviews 

MyCompanyWorks, inc. has stellar ratings on review websites:

It’s worth noting that MyCompanyWorks only has one BBB review, and it’s from a disgruntled customer. There are two sides of that person’s story (and I’m inclined to think that it wasn’t entirely the company’s fault.)

Either way, just one review isn’t enough to evaluate MyCompanyWorks reviews on BBB. The same goes for MyCompanyWorks Reddit reviews – there simply aren’t any.

MyNewCompany Alternatives

While MyNewCompany offers high-quality LLC filing services (and more), they’re far from the only choice or the most popular one. How does the company stack up to its main competitor? Is it the best LLC website? Let’s take a look:

MyNewCompany Vs. LegalZoom

LegalZoom is easily the world’s most popular online legal services provider. From starting a company to renting a property, LegalZoom offers custom forms and on-call legal consultations at an affordable price.

With LegalZoom, you can ensure extra peace-of-mind by talking to a real attorney (with their membership package) without paying upward of $200 for hiring a local lawyer.

LegalZoom’s low-tier package can get your LLC filing done for $79 plus state fees. This is the same price as MyNewCompany but LegalZoom doesn’t offer a tax consultation, nor do they help you out with financing options.

The tax consultation is one of the main perks I noticed while researching for this MyCompanyWorks review, and it alone should make you think twice.

MyNewCompany is also easier to navigate, and their company is specifically geared toward business owners. LegalZoom, on the other hand, does it all, but that means they’re not nearly as specialized.

Overall, both choices are great, so make sure to consider them for starting and running your business.

The Verdict

MyCompanyWorks offers an impressive set of services for starting and running a company. From LLC registration to running a virtual office with their easy-to-use system, they fit the needs of your business and for an affordable price.

Our MyCompanyWorks review is clear:

Try them out today to get your LLC going the simple way!

FAQ

What is MyCompanyWorks?

MyCompanyWorks offers affordable online formation services for LLCs and corporations. They stand out for being very efficient and quick, even offering same-day processing on all orders (no matter which package you chose).

Additionally, you can hire MyCompanyWorks to be your registered agent and receive all your essential documents on your behalf. It’s one of the best registered agent service options, but it does come at an extra cost.

Is MyCompanyWorks legit?

Yes, and there are hundreds of positive MyCompanyWorks reviews to prove it.

MyCompanyWorks, inc. is also an A+ company, according to the Better Business Bureau, which means it complies with a set of rigorous norms and expected best practices for business formation services.

Is MyCompanyWorks safe?

This was a common concern for MyCompanyWorks reviews in 2020. But, we’re happy to comfort that yes, they are safe. MyCompanyWorks treats your information safely and never shares it with others. The service is safe and trustworthy, even for major data security nerds.

Does MyCompanyWorks have good customer support?

Yes, the MyCompanyWorks support team is terrific. They’re reachable by email and phone, and they’ll solve your problem with minimal delay (almost always in a single interaction.)

The stellar customer service is one of the main things MyCompanyWorks reviews praise, along with the affordability and ease-of-use of the service.

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