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Starting a business can be daunting, but the right support can make all the difference. That’s where MyCompanyWorks steps in, specializing in helping entrepreneurs form and manage their businesses. With so many options available, how do you know if MyCompanyWorks is the right choice for you?
In this review, we’ll dive deep into the services, pricing, and customer support offered by MyCompanyWorks to help you make an informed decision. Whether you’re just starting out or looking to streamline your existing business, read on to see if MyCompanyWorks is the solution you’ve been searching for.
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What Is MyCompanyWorks?
MyCompanyWorks tie for the No. 8 spot in our rating of the best LLC services. The company offers a 90-day money-back guarantee, toll-free telephone support during business hours, and a range of services in its mid-level Entrepreneur package.
Their support services include setting up a business bank account, an interactive business formation checklist, and an LLC handbook. The features bundled in the Entrepreneur and Complete packages will meet the formation needs of many new LLCs. However, additional services like annual report filing and compliance monitoring are available only for an extra fee.
MyCompanyWorks at a Glance
MyCompanyWorks is a business formation and management company founded in 2001 and based in Las Vegas, Nevada. They offer various services to help entrepreneurs start and manage their businesses, including LLC and corporation formation, registered agent services, and business compliance solutions, all backed by a 100% satisfaction guarantee.
Their user-friendly online platform makes managing business filings and documents straightforward. Known for excellent customer support, MyCompanyWorks has assisted over 60,000 businesses in forming and managing their companies since its inception.
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MyCompanyWorks Pricings
MyCompanyWorks offers three LLC formation plans with prices ranging from $59 plus state fees for the Basic plan to $259 plus state fees for the Complete plan. The Entrepreneur plan, priced at $179 plus state fees, is identified as the most popular option. It includes essential features like obtaining an EIN and registered agent services, which are extra expensive with the Basic plan.
Additionally, MyCompanyWorks provides various complementary services for small businesses, including annual report filing and compliance monitoring, business license compliance, domain name registration, and website creation.
What Plans Are Available From MyCompanyWorks?
MyCompanyWorks offers three LLC formation plans: Basic, Entrepreneur, and Complete. All three packages include preparing and filing your articles of organization in the state of your choice, covering all 50 states and the District of Columbia.
Each plan provides support via email or toll-free telephone, with phone support available from 6 a.m. to 4 p.m. PST, Monday to Friday, except on federal holidays.
Basic Plan
- Customized organizational minutes, along with guidance on conducting the organizational meeting
- Tailored operating agreement outlining the LLC’s rules and regulations
- Interactive Startup Wizard checklist to navigate through each stage of the LLC formation process
While the Basic plan’s affordable $59 plus state fees might attract very small businesses, any company with employees will need an EIN to file its federal tax return. The Entrepreneur and Complete packages from MyCompanyWorks include obtaining an EIN, but Basic plan subscribers must pay an extra $59 for this service.
The Basic plan doesn’t include the company’s registered agent service, which costs $99 per year but is bundled with the higher-priced plans.
Entrepreneur Plan
Besides EIN and registered agent services, the Entrepreneur plan includes MyCompanyForms, a comprehensive library of business forms, checklists, tax guides, and sample minutes and resolutions. If purchased separately, MyCompanyForms costs $49.
Complete Plan
The company’s top-tier package includes MyCompanyWorks Premium, which handles many compliance and security aspects of your business, such as:
- Annual report filing service
- ComplianceLock, which sends automatic alerts for compliance tasks like meeting requirements and documenting business decisions
- Business entity monitoring to ensure your LLC status remains active and in good standing
- Automatic generation and secure storage of meeting minutes and resolutions
When purchased separately from the Complete package, MyCompanyWorks Premium costs $99. It also includes 5GB of storage, an e-ledger tracking ownership changes, and e-certificates verifying proof of ownership.
Besides LLC and corporate formations, MyCompanyWorks offers a range of additional services:
- A custom domain name, website builder, and three email boxes for $99 per year
- LLC kit, seal, and member certificates for $69
- Business license compliance package for $99
- A virtual office with a street address for receiving mail, mail forwarding, a phone number in the state you register in, voicemail, and fax-to-email service for $59 per month ($39 per month for mail only and $29 per month for phone only)
MyCompanyWorks’ prices are slightly lower than the average for LLC formation services. Small businesses forming an LLC may find the midrange Entrepreneur package beneficial, especially with its EIN and registered agent services.
The Complete package, with MyCompanyWorks Premium, effectively addresses reporting, monitoring, and other compliance needs.
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Where Is MyCompanyWorks Available?
MyCompanyWorks offers LLC formation and other business services in all 50 states and the District of Columbia. They also cater to non-U.S. and U.S. citizens living abroad who wish to form a company in the United States. MyCompanyWorks provides Apostille certification to ensure that documents are recognized as authentic in foreign countries.
How Fast Is MyCompanyWorks?
Whether you opt for the Basic, Entrepreneur, or Complete LLC package, MyCompanyWorks provides same-day processing of your order. This is a great benefit, especially when compared to many companies that charge varying fees for different processing times.
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MyCompanyWorks Features
- Customer Support: Each package includes unlimited phone and email help, ensuring prompt, cheerful responses packed with useful information. Opting for MyCompanyWorks Premium grants you priority support.
- 100% Satisfaction Guarantee: Regardless of initial expectations, MyCompanyWorks offers all customers a 100% satisfaction guarantee on any plan. If the service falls short, contact MyCompanyWorks within 90 days for resolution or a refund.
- Virtual Office Service: In addition to business filing services, owners can subscribe to a virtual office service for $39/month. This service provides a physical mailing address, mail forwarding, discounted shipping rates, and business phone and fax numbers.
- Free Business Tax Consultation: Included in plans, this one-hour webinar offers insights into entity-specific taxation, necessary tax forms, employee taxes, and the latest IRS rules, providing valuable information for business owners.
- Document E-Delivery: Choose between physical mail or convenient digital delivery of business filing documents, allowing access to scanned documents via your online account, saving paper, and providing digital backups at no extra cost.
- Easy-to-Use Startup Wizard: The Startup Wizard simplifies the formation process by offering a tailored step-by-step checklist, reminders for pending tasks, and entity-specific guidance for LLCs or corporations.
- Additional Startup Perks: With any MyCompanyWorks plan, you can enjoy a free domain and host for a year, startup funding consultation, compliance audit, and discounts on startup-focused software and products.
MyCompanyWorks Cons
- Pricey Included Features: MyCompanyWorks is relatively expensive compared to similar services, particularly due to some superfluous features that many business owners may not use. Free registered agent services and MyCompanyWorks Premium, typically offered in more affordable plans by other services, are only included in the highest-tiered plan starting at $279.
- Unnecessary Extras for Some Businesses: Several benefits included in MyCompanyWorks plans, such as startup-focused rewards and perks totaling $250,000, ebooks, and business consulting services, may only be relevant for some businesses. These features are primarily geared towards startup founders rather than general companies.
- Costly Registered Agent Services: With MyCompanyWorks’s Basic or Entrepreneur plans, registered agent services cost $99/year. In contrast, other services offer this for free with lower-priced plans or include at least one year of free service. To access free registered agent services with MyCompanyWorks, you must opt for the $279 Complete plan.
- Limited Contact Hours: While MyCompanyWorks provides excellent customer service regarding helpfulness and professionalism, its restricted support hours may be inconvenient for business owners who require help outside regular business hours. Phone support operates from 8 AM to 4 PM PST, with email support available one hour earlier, starting at 7 AM PST, Monday through Friday.
>> MyCompanyWorks – Simplify Your Startup >>
MyCompanyWorks From Real Users – How Legit Is It?
To save you some time, we scoured many online reviews of MyCompanyWorks to uncover what real users think based on their personal experiences. This will help you determine if MyCompanyWorks is a legitimate service and if it meets your needs.
MyCompanyWorks boasts a 5-star rating on the Better Business Bureau.
Alternatives to MyCompanyWorks
ZenBusiness is an online LLC formation service designed to assist entrepreneurs and small business owners start and grow their companies. They offer affordable and comprehensive LLC formation packages, which include registered agent services, annual report filing, and other valuable features. ZenBusiness also provides ongoing support and resources to help businesses remain compliant and thrive.
Swyft Filings specializes in quick and easy LLC formation services. They offer a comprehensive range of LLC services, including incorporation, compliance, and registered agent services. Swyft Filings provides personalized support to help businesses navigate the LLC formation process and comply with state and federal regulations.
Tailor Brands is an online branding and design service dedicated to helping businesses craft a professional and cohesive brand identity. They offer a variety of branding packages, including logo design, business card design, and social media branding. Tailor Brands provides design tools and resources, enabling businesses to create and customize their branded assets.
MyCompanyWorks Review – Frequently Asked Questions
Bottom Line on MyCompanyWorks Review
Overall, MyCompanyWorks makes forming a legal business entity as straightforward as possible. However, once the setup is complete, the costs might outweigh the benefits for some.
Other companies often charge less for services like registered agents, business banking, and other helpful features. But if top-notch customer service, startup discounts, and a satisfaction guarantee are important to you, the fees might be worth it.
To maximize value, opt into all the relevant extras when you register. This way, you won’t miss perks like free annual domain hosting, a complimentary business tax consultation, and other bonuses with any plan.
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