An Overview of Annual Report Filing Services

If you would rather receive some assistance with your annual reports, you’re in luck! The same companies that offer reliable business incorporation services also typically provide annual report services.

Some of these companies simply offer to complete and submit the annual report form for an affordable rate. Meanwhile, some competitors 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 very few companies that actually 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. Let’s get started!

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
• Highly responsive customer support
• Satisfaction guaranteed

Cons

• Uninspired offering for some other services

The MyCompanyWorks Annual Report Service Packages

Annual Report Service ($49): MyCompanyWorks’ basic annual report service costs $49 plus your state’s fee. It includes the professional preparation and timely filing of your annual report with the Secretary of State.

MyCompanyWorks Premium ($99): This feature includes managed annual report service, including not only the preparation and filing of your reports but also compliance alerts and business entity monitoring, automatic minutes and resolutions, access to 200+ business document templates, electronic ownership certificates, and more.

Overall Pricing and Value:

MyCompanyWorks does a good job when it comes to pricing and value, as it has low price points for both basic and managed annual report services! LegalZoom’s $55 rate comes close to MyCompanyWorks’ $49 rate for basic annual reports, and MyCorporation matches the $99 price point for managed annual reports, but no one can beat either price.

If you’re also interested in business formation service, MyCompanyWorks has a reasonably priced $59 package. However, it’s a relatively barebones package that doesn’t include advanced features like annual reports or registered agent service.

Track Record:

MyCompanyWorks is a smaller company than largescale operations like LegalZoom or Rocket Lawyer. 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 an impressive customer feedback reputation. We found nearly 4,000 reviews of its services, and MyCompanyWorks still holds down a strong 4.9/5 average rating score, indicating almost universal acclaim from its customers.

Customer Support:

MyCompanyWorks has an advantage in this category compared to most competitors because its customer support is so responsive. If you contact MyCompanyWorks during business hours, it will almost always respond within 20 minutes. Some competitors make you wait several days to hear back, but not MyCompanyWorks.

That said, MyCompanyWorks doesn’t offer the level of customization or personalization that you’ll get with some competitors, and it doesn’t boast the extended availability of companies like LegalZoom or ZenBusiness.

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 certainly 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 couldn’t be much simpler. 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 will look something like this:

• Enter basic business info: First, you’ll provide MyCompanyWorks with your state and business entity type. Then, you will 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 will 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 tax ID number (EIN), the principal office address, the name and address of the company’s registered 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 3,800 reviews and an impressive average rating score of 4.9 out of 5. Clearly, MyCompanyWorks has a satisfied customer base, as it’s nearly impossible to track down more than a small handful of negative feedback.

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 certainly companies with a larger volume of customer feedback, but you won’t find many with a higher quality of reviews than MyCompanyWorks.

Our Final Thoughts

MyCompanyWorks is a popular company for annual report services, offering both basic and managed services. This company offers affordable price points for annual report services, it has a responsive customer support team, and it provides a 100% satisfaction guarantee.

If you still need to form your LLC or corporation, some 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, we think MyCompanyWorks is a strong option.

Disclaimer: The content on this page is for informational purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.