MyCompanyWorks Annual Report Review

MyCompanyWorks is a popular annual report service. Much like we do at ZenBusiness, it offers basic and managed annual report services, as well as responsive customer support. But is MyCompanyWorks the right company for you?

An Overview of Annual Report Filing Services

If you would rather receive some assistance with your annual reports, the same companies that offer reliable LLC formation services also often provide annual report services. Some of these companies simply offer to complete and submit the annual report form for an affordable rate. Meanwhile, some provide managed services in which they keep track of your due dates and file your reports each year for a higher price point.

As for MyCompanyWorks, this is one of the few companies (along with us at ZenBusiness) that offers both basic and managed annual report services. In this guide, we’ll discuss what MyCompanyWorks has to offer for annual report service and also take a look at several other important aspects of this company.

MyCompanyWorks Annual Report Service Review

Let’s quickly review its pros and cons before we dig into the details.

Pros

• Affordable pricing model
• Positive customer feedback
• Responsive customer support

Cons

• Expensive offer for MyCompanyWorks LLC formation service

The MyCompanyWorks Annual Report Service Packages

Annual Report Service ($59): MyCompanyWorks’ basic annual report service costs $59 plus your state’s fee. It includes the preparation and filing of your annual report with the Secretary of State.

MyCompanyWorks Premium ($99/year): This feature includes managed annual report service, including the preparation and filing of your reports, compliance alerts, business entity monitoring, automatic minutes and resolutions, access to 200+ business document templates, electronic ownership certificates, and more.

Overall Pricing and Value

MyCompanyWorks has reasonable pricing for both basic and managed annual reports. Its price points of $59 and $99 (plus state fees), respectively, are both competitive.

If you’re also interested in business formation service, MyCompanyWorks has a $59 (+ state fee) package. However, it’s a relatively barebones package that doesn’t include advanced features. Especially when companies like us at ZenBusiness offer LLC formations for free (just pay your state’s fee), $59 feels like a bit of a steep price point.

Track Record

MyCompanyWorks is a smaller company than large-scale operations like LegalZoom or Rocket Lawyer with millions of customers served. MyCompanyWorks has been around since 2001, and it’s served around 60,000 customers, so this company clearly isn’t inexperienced — it just has a lower volume of customers than some of its major competitors.

This company has a solid customer feedback reputation. We found around 4,200 reviews of its services, and MyCompanyWorks still holds down a strong 4.9/5 average rating score, indicating positive feedback from its customers.

Customer Support

MyCompanyWorks has an advantage in this category compared to some competitors because its customer support is responsive. If you contact MyCompanyWorks during business hours, it will usually respond within 20 minutes. Some competitors make you wait several days to hear back, but not MyCompanyWorks. That said, MyCompanyWorks doesn’t boast the extended availability we offer our customers.

Ease of Use

The entire point of using an annual report service is to make this part of your business run seamlessly with little-to-no effort on your part. MyCompanyWorks fits the bill, as it’s simple to place orders, renew services, and navigate its website.

How does MyCompanyWorks work?

The process of ordering annual report service from MyCompanyWorks is simple. Here’s an overview of what you can expect when you click the “Order Now” button on MyCompanyWorks’ annual report or Premium service pages.

Keep in mind that the process for annual reporting can vary from state to state (and the order forms vary slightly between standard annual report service and MyCompanyWorks Premium), but in most states, it’ll look something like this:

• Enter basic business info: First, you’ll provide MyCompanyWorks with your state and business entity type. Then, you’ll indicate whether your business is a foreign or domestic entity in that state. At this point, MyCompanyWorks will inform you if it needs any detailed information, give you an overview of your expenses, provide an estimated turnaround time, and allow you to choose your return shipping option.
• Provide contact information: Next, you’ll need to fill in your name, address, phone number, and email address, and also choose a password for your MyCompanyWorks account.
• Fill in business details: The next step involves informing MyCompanyWorks of your company’s official business name, a brief description of its business purpose, the date on which the business was formed, the entity’s filing number, its federal employer identification number (EIN), the principal office address, the name and address of the company’s registered agent (you can choose MyCompanyWorks registered agent service or designate a different agent), and the name and address of each business owner.
• Review your info and submit payment: Finally, MyCompanyWorks will give you an opportunity to look over everything you’ve filled in to this point and make any necessary changes. The last step is to provide your credit card or PayPal info and your billing address, then click the “Submit Order” button.

What are MyCompanyWorks customers saying?

By far the largest collection of customer feedback for MyCompanyWorks is found on Shopper Approved, where this company has more than 4,100 reviews and an impressive average rating score of 4.9 out of 5. We found quite a few customers talking about how they appreciate MyCompanyWorks’ user-friendly services, as well as plenty of comments about how much money this company saved its customers. Overall, there are companies with a larger volume of customer feedback (here at ZenBusiness we have 12,000+ positive reviews), but MyCompanyWorks has strong average scores.

Our Final Thoughts

MyCompanyWorks is a viable option for annual report services, offering both basic and managed services. This company offers affordable price points for annual report services, and it has a responsive customer support team.

If you still need to form your LLC or corporation, some top LLC competitors offer lower prices or more valuable features. But for those of you seeking either basic or managed annual report services for an existing entity, MyCompanyWorks could be a good fit.