Do you need help forming an LLC? Are you starting a new business, maybe? But, you have no idea where to start from and it will cost you some good money.
What if there’s a company that can help you every step of the way, and for a convenient price? Yes, you read it correctly. Today, we are going to review MyCompanyWorks – an affordable company that represents one of the biggest providers when it comes to incorporation, LLC formation, business licensing, and many other business-related services.
There are dozens of services that will form your LLC online, but MyCompanyWorks has become one of the leading incorporation services that can get your job done.
This MyCompanyWorks review will outline everything that you need to know to decide if this is the right service for you.
MyCompanyWorks (formerly known as MyNewCompany) is one of America’s largest providers of incorporation, LLS formation, and other small related business services.
First formed back in 2001 by Matt Knee, headquartered in Las Vegas, Nevada, the US, and with a second office in Cheyenne, Wyoming, the US.
This company’s primary goal is to ease up the process of starting your own business. They are all about simplifying things and assisting those that have a vision of creating something of their own, and while doing that they try to offer as convenient as possible prices.
MyCompanyWorks is responsible for over 60.000 business formations so far, and the numbers are rising.
Starting a new company, or forming an LLC has never been more affordable and simple to do. In this section, you will see why that is. Let us go through the all-in-exclusive service you will get by MyCompanyWorks.
Here are their features and highlights:
For creating a corporation in the US, first of all, you will need to file Articles of Organization or “Certificate of Incorporation”.
This is where MyCompanyWorks steps in, by collecting all of the must-have data. They can collect these data through the interactive Startup Wizard, which serves you as a guide with clear and step-by-step advice.
The Startup Wizard is complimentary, and it goes hand in hand no matter what business formation plan you choose from.
Filing articles of organization in most cases will require choosing your LLC name and appointment of your registered agent. On the plus side, this too is part of the subscription plan, and once everything’s gathered, MyCompanyWorks files them, to the state you choose.
Once you decide what type of company you would like to form and which state you’ll be forming the company in, the next requirement is to choose a company name. You need to make sure that your chosen name isn’t already taken by another business or company. Moreover, MyCompanyWorks helps you in this step of the way too, by enabling you unlimited name availability searches.
In this document, MyCompanyWorks lays out the ground structure of your LLC – how the company will operate. MyCompanyWorks will issue this custom document for you, that accounts as part of your initial ‘Welcome Kit.’
MyCompanyWorks can prepare your organizational meeting minutes so you can properly organize your LLC.
Even better, if you become their ‘premium member,’ you can get the advantage of the ComplianceLock option. The ComplianceLock option notifies you of any compliance due dates, it also generates and sends out ‘minutes’ on your behalf.
MyCompanyWorks has phone and email support services available. If you go to their official website, you will find a broad and very well-explained FAQs section.
Their customer support can be reached Monday-Friday, from 7 A.M. to 5 P.M. via email. And from 8 A.M. to 4 P.M. via phone.
Additionally, they have a 24hour check status, where you can monitor the progress of things (orders, processes, etc).
Also, with MyCompanyWorks you can have a professional registered agent (available across all fifty states) for no more than $99 a year.
MyCompanyWorks provides a guidebook (a PDF format), where it includes the whole step-by-step process of incorporating an LLC, or any other services they provide.
We mentioned already that the company also provides an extensive knowledge base, i.e, FAQs section. There is also a checklist to help you and prepare at the same time for the overall process.
ComplianceLock is a feature included by MyCompanyWorks that notifies you of important compliance tasks like holding meetings, documenting company decisions, filing an Annual report, Federal Tax deadlines, and more.
The notifications are sent via text messages (SMS) or email. You can benefit from this option if you subscribe to their ‘Premium Package’, which goes for as low as $99 a year (+ the startup package you’re entitled to).
You can obtain your Federal Tax issued by the IRS, which is the ID for your company. Once acquired, you can hire employees, open business bank accounts, and much more.
This is something that MyCompanyWorks can do for you for the price of $49.90. But, if you are a subscriber to the ‘Entrepreneur’ and ‘Complete’ packages, then this is free of charge for you.
MyCompanyWorks has created MyCompanyForms to assist you with all the important documents for running your business. Hence, MyCompanyForms offer lifetime access to more than 200 regularly updated tax and business forms. Though, you can obtain this access if you are willing to pay a starting price of only $35.
With your LLC ‘welcome kit’ you get an LLC decorative seal too. In other words, the seal is customized with the name/brand of your company, a three-ring company-branded binder. This is followed by custom member certificates and a member transfer ledger.
The package that consists of an LLC decorative seal comes with a one-time price of exactly $69 (for Basic package subscribers). Whereas, Entrepreneur and Complete package subscribers are granted these perks for free.
To start by letting you know there are no free trial versions or free plans. Three packages are quite distinguishable and offer different features: Basic, Entrepreneur, and Complete, package.
1. Basic LLC package = $79 + State Fee
The Basic package consists of the following:
– Unlimited Name Availability Searches,
– Preparation and filing of Articles of Organization,
– Organizational Minutes,
– Unlimited Phone and Email support,
– Free Company Notifications,
– Access to “My Account” and certain additional services for a lifetime.
2. Entrepreneur LLC package = $199 + State Fee
This is MyCompanyWorks, the most searched-for-for package. Simply, because it includes everything from the Basic one, plus other additional features such as
– Federal Tax ID number,
– LLC kit and seal,
– Federal Tax ID,
– and MyCompanyForms.
3. Complete package = $279 + State Fee
This package is regarded as the most affordable and good for the price you pay. This is the reason because primarily it consists of everything that the previous two packages offer. Even better, you will also get the following:
– A full year of free registered agent service,
– Free Business Tax Consultation,
– Business License Compliance Package,
– and Free Startup Business Funding Consultation.
After having gone through the packages, we can state that MyCompanyWorks services are ideal for small to medium businesses, as well as, equally convenient for larger business entrepreneurs.
Since their main goal is to simplify these complex and hectic processes, thus, MyCompanyWorks puts the E in ease of use.
This starts, once you press the button and the Startup Wizards start guiding you one step at a time.
But, since we are here, let us give you a brief step-by-step guide before you do it yourself.
Step 1 – Type in their official website in your browser. The first thing you need to decide on is what company type you are starting.
Step 2 – Now it’s time to choose which of the three plans suits you the most. Once you select the desired subscription plan, you will be taken to the next step.
Step 3 – The next step is where the registration process takes place. You will be asked to provide personal data, the name of the LLC you are starting, the purpose of formation, and details regarding your registered agent (add relevant contact numbers).
Step 4 – This is the step where you finalize the registration process, ie., payment. You pay according to the subscription plan price and you will be sent the details of your order.
As soon as MyCompanyWorks receives all the required information, they will forward it to the relevant state authorities for processing.
MyCompanyWorks uses various third-party security to enable full protection of their site. They have security certificates, supported by GeoTrust and their systems are constantly scanned for malware with the help of McAfee Secure.
The majority of MyCompanyWorks reviews for 2021 are on the reputable Shopper Approved website. This website gave MyCompanyWorks a 4.9-star rating of 5, based on over 3.000 reviews.
We are happy to tell you that MyCompanyWorks has been BBB (Better Business Bureau) accredited since July 28, 2004.
What’s more, the BBB has given an incredible A+ and a rating of one star, solely, to MyCompanyWorks. There’s only one complaint noted ever since 2004.
MyCompanyWorks has many online reviews from its customers. Most of the customers said positive things about this company, while some complained. It seems like customer service is one of the main pillars of this company.
Here is a small portion of some positive customer reviews:
(The screenshots are taken from verified customer reviews left on Shopper Approved)
The reviews reveal a fast and efficient service provided by this company for which the majority of positive reviews and good ratings are a clear sign.
Negative, or less satisfied customer reviews, are inevitable, no matter the type of company or service. However, we tend to look at this as personal experiences and not a general judgment.
Let’s take a look at some of them:
(The screenshots are taken from verified customer reviews left on Shopper Approved)
MyCompanyWorks review wouldn’t be complete without a look at how it compares to other alternatives.
If you are looking for the best alternatives to MyCompanyWorks, here are our two recommendations: ZenBusiness and Northwest Registered Agent.
For starters, these two companies have major price differences. ZenBusiness offers a lower-priced startup package, opposed to MyCompanyWorks’ basic package of $79 + state fees. Another perk that you will enjoy with ZenBusiness is having your free registered agent for a whole year. Though this is possible with MyCompanyWorks too, only if you opt for their ‘Entrepreneur’ or ‘Complete’ package. Yet, MyCompanyWorks comes with lots of options and valuable tools that you will find more than useful while starting a business/forming an LLC.
MyCompanyWorks offers far cheaper pricing than Northwest.
While MyCompanyWorks basic plan goes for only $79, the one of Northwest costs $225. On the other hand, Northwest has a free registered agent included in their plan, while MyCompanyWorks does not offer one for free – but, you can get one for just $99 a year, which is still pretty attractive offer.
And if you are concerned about who has more satisfied customers, don’t be. Even though Northwest has been long in the business, MyCompanyWorks has proven to be a very firm and professional service provider and has thousands of happy customer feedbacks to support that.
The biggest advantage of MyCompanyWorks is the aforementioned excellent feedback from their customers which provides great peace of mind for people thinking of using their service.
Most of the reviews praise the company’s responsiveness and efficient service, which makes them one of the best and most convenient incorporation services online. Keep in mind all of the services that it provides, just imagine you being the one handling all of that, with no help at all? Impossible, right?
Don’t forget their services come with perks like a ‘welcome kit,’ alongside a Startup Wizard that guides you throughout the process of registration.
We hope this MyCompanyWorks review is of great help to anyone who’s looking for an efficient service like them to assist them in turning a vision into reality.
1. What is the MyCompanyWorks refund policy?
Customers are entitled to request a refund (via [email protected]), within ninety days of the date of purchase and state the reason for the return. However, government filling, fees, or third-party vendors, won’t be refunded.
2. Does MyCompanyWorks offer publication services?
No, they don’t offer any publication services. However, they can assist you with your publication requirements.
3. Does MyCompanyWorks offer any discount?
Yes, currently MyCompanyWorks is offering 6 coupon codes varying from 5% to 20%, and 3 other offers.
4. What is the MyCompanyWorks BBB rating? Is it accredited?
MyCompanyWorks rating is A+, granted by BBB and the company has been accredited since July 2004.