MyCompanyWorks Review

MyCompanyWorks is starting to outrank some of its most reputable competitors. But is it right for you? Read on to find out.

Searching for the best LLC formation services doesn't always show MyCompanyWorks. But this could soon change. It's possibly one of the best-value business formation services out there.

Read to learn more about it, how it works, why you should choose it, and more.

What Is MyCompanyWorks?

MyCompanyWorks, formerly MyNewCompany.com, was founded in 2001. Its mission is "to make starting a business as simple, fast, and inexpensive as possible."^[1]

MyCompanyWorks offers online services to help you start and manage a business. However, it's a smaller player in the LLC service industry since it doesn't offer as many services as its competitors.

That may not necessarily be a bad thing, though, as this could be why MyCompanyWorks manages to keep pricing low. It has a much smaller staff size than its competitors, thus keeping costs low.

MyCompanyWorks also has a few accreditations up its belt. It received the A+ rating from BBB, the highest rating businesses could have to show the quality of its products and services.^[2] It's also part of Inc. 5000 awardees.^[3]

So, do MyCompanyWorks plans, pricing, and service quality live up to its mission statement and accreditations? You can judge for yourself by reading more below.

Who Should Use MyCompanyWorks?

MyCompanyWorks is best for startup entrepreneurs who would appreciate detailed business formation guidance at a low cost.

Its Startup Wizard features a step-by-step checklist to help set up the rest of your business requirements. You can also seek help from lifetime customer support by email, chat, or call.

MyCompanyWorks is also recommended for those who would appreciate additional startup perks like a free banking resolution and operating agreement.

That said, you should still read the pros, cons, and services sections below. You can see for yourself if MyCompanyWorks is offering the services that you're looking for, at the right price.

Why Choose MyCompanyWorks?

One of the most noticeable things about MyCompanyWorks is its lack of aggressive upsells.

If you try registering with other providers, you'd be surprised how many add-on service offer pages you'd have to click through to get to the checkout. However, with MyCompanyWorks, you can complete your registration within 10 to 15 minutes.

Aside from that, here are other notable benefits:

• Same Business Day Processing
  With MyCompanyWorks, your business formation documents are processed on the same day at no extra cost. If you submit your order by 3 PM EST, it will be processed on the same day. Orders after 3 PM are processed the next business day.

  You might think this is standard procedure for all LLC providers. Unfortunately, it's not. Popular competitors take 10 to 15 days to file formation documents with the state. If you want it filed faster, they make you pay extra.

• Useful Add-ons
  Even the most basic plan includes useful features. Startup businesses might benefit from a personalized operating agreement and organizational minutes.

• Fast Customer Support Response
  MyCompanyWorks returns most phone calls and emails in 20 minutes or less during business hours.^[4] And even on busy days, it promises you won't have to wait long.

  In comparison, the standard customer inquiry response in the industry is 24 to 48 hours.

• Affordable Registered Agent
  MyCompanyWorks offers a la carte registered agent services at $99/year. This is a competitive price compared to other providers, which charge around $199 and upward per year.

You might also appreciate the fact that MyCompanyWorks has no sneaky add-ons. Unlike other providers, you'll only be charged for the services you choose—no need to cancel anything in the guise of free trials.

Why Look Elsewhere?

While the benefits listed in the pros section might be impressive, MyCompanyWorks also has a few downsides. Primarily, its confusing refund policy:

• Misleading Satisfaction Guarantee
  MyCompanyWorks' home page highlights its promise to refund 100% of its fees "no questions asked," if you're unsatisfied with its services.^[5]

  But with a little digging and reading through the terms and conditions, the Satisfaction Guarantee section plainly states that refunds may be subject to a $25 to $75 processing fee.^[6] It isn't a 100% refund if there's a processing fee.

• No Free Formation Services
  If you're looking for a free business formation service, you won't find it in MyCompanyWorks. Its most basic package starts at $79 plus state fees.

• No Free Registered Agent Services
  The most competitive LLC formation services offer a free year of registered agent services. MyCompanyWorks doesn't have that freebie.

Note that MyCompanyWorks' registered agent services are included when you choose the Entrepreneur or Complete package. More of this is discussed in the plans and pricing section below.

Plans and Pricing

Like most LLC services, MyCompanyWorks offers three types of packages. And like other providers, the annual price of these packages does not include state fees.

Here's a comparison of each package:^[7]

All packages include free business tax and trademark consultation. Of course, you can opt out of this offer if you don't need the services.

The entrepreneur package saves you $87 since it already includes registered agent services and an EIN.

The only difference between the entrepreneur and complete packages is the MyCompanyWorks Premium service. Also called a "peace of mind compliance" service, it includes annual report filing services and business entity monitoring.

Other Services

MyCompanyWorks has smaller-scale business operations compared to its more popular competitors. However, it still has a few useful add-on services offered at competitive prices:

You might find the business license compliance service useful if your business needs several federal, state, and local licenses. It could save you hours of research and phone calls.

However, the $99 fee only covers one business location. Like with other providers, you must pay more if you operate in multiple cities, counties, or states.

Getting Started

MyCompanyWorks shows you the information you'll need to provide even before you begin the registration process:

• A Company Name and an Alternate Choice (must end with "LLC," "L.L.C.," or "Limited Liability Company")
  
• The LLC's Business Purpose
  
• Your Contact and Shipping Information
  
• Your Business Address
  
• The Registered Agent's Name and Address
  
• Type of LLC Management: Members or Managers
  
• Name and Address of Members or Managers

Once you've gathered the details above, you can start the registration process. All of MyCompanyWorks' services are explained in clear, easy-to-understand language, and the prices are listed alongside the service descriptions.

MyCompanyWorks Customer Reviews

Many of the positive reviews mentioned MyCompanyWorks' ease of use:

Additionally, MyCompanyWorks received the highest possible rating that the BBB gives to businesses. An A+ rating suggests that MyCompanyWorks has transparent business practices and that it responds to customer complaints with a satisfactory resolution.

However, that's not to say that MyCompanyWorks has no negative reviews. Some customers complained about specific service problems, like incorrect tax filings and refund issues.

Most of the complaints received a response within 24 hours. However, you can look at the other options below to compare service quality.

How MyCompanyWorks Compares

Although MyCompanyWorks is an attractive option, it's still a good idea to look at what its competitors are offering. There could be cheaper packages depending on what you're looking for.

For instance, MyCompanyWorks doesn't offer free formation packages. Bizee does, as discussed below.

MyCompanyWorks vs. Bizee

Bizee, formerly Incfile, is an online business formation company known for its quick and affordable services.

Unlike MyCompanyWorks, Bizee's basic business formation package is free.^[10] To give you a comparison, here are Bizee's and MyCompanyWorks' lowest-tier packages side-by-side:

Bizee offers free LLC formation and registered agent services for one year. However, MyCompanyWorks' registered agent services are significantly cheaper than Bizee.

Additionally, while MyCompanyWorks' basic package includes a free trademark consultation, Bizee offers it as a paid add-on. The fee includes payment for filing and preparation of trademark registration documents.

MyCompanyWorks vs. Northwest

If you want uncomplicated pricing that delivers all the basic services in one package, Northwest Registered Agent might be your best choice.

It offers only one package,^[12] compared side-by-side with MyCompanyWorks' lowest-tier package:

	MyCompanyWorksZenBusinessLegalZoom
	Learn More	Visit Site
	MyCompanyWorks	Northwest Registered Agent
Setup Fee	Starts at $79 + state fees (Basic)	$39 + state fees
Registered Agent	$99/year	$125/year
Order Processing Time	Within the same business day if submitted by 3PM EST	Within 1 business day
Expedited Processing	Available with extra costs	Available with extra costs
Cancellation	90-day satisfaction guarantee Minus processing fee; processing fee depends on how much has been processed	90-day money-back guarantee; State fees are non-refundable
	Learn More	Visit Site

Northwest's LLC formation package is slightly cheaper than MyCompanyWorks'. However, its registered agent service fee is more expensive after the one-year free period.

More importantly, Northwest Registered Agent offers Privacy by Default® as part of the LLC package. You might benefit from this if you want to avoid putting your personal details in public records. MyCompanyWorks doesn't have this feature.

Business Formation Service - $39 + State Fees

Click Here to Find Out More

• Form Your LLC, Corporation, or Nonprofit Today
• A Fully-Formed Business
• Registered Agent Service
• Business Address
• Mail Forwarding
• Privacy by Default

MyCompanyWorks vs. Swyft Filings

Founded in 2015, Swyft Filings is one of the newest players in the highly competitive business formation service industry.

Like MyCompanyWorks, Swyft Filings offers three business formation packages. Its most basic package is free.^[13]

Here's a comparison of the two:

Although Swyft Filings offers a free formation service, its registered agent service is more expensive than MyCompanyWorks. Its add-ons also cost more.

That said, Swyft Filings is offering installment plans. If you choose a paid package, you won't have to pay the full fee upfront. As a startup, this helps you stagger expenses to manage cash flow more effectively.

Bottom Line

All things considered, MyCompanyWorks is a decent choice for business formation services. It's easy to use, has quick turnaround at no additional cost, and offers comprehensive packages at competitive prices.

However, if you're looking for freebies like free formation services or free registered agent services for one year, it's worth looking at other options.

Before deciding, shop around and read reviews of MyCompanyWorks' toughest competitors, including Northwest Registered Agent, Bizee, and Swyft Filings.

References