Are you expanding your business into an additional state? Congratulations — this is an important step in your company’s life cycle! To ensure this process goes as smoothly as possible, we recommend hiring a reputable foreign qualification service to handle the legal paperwork on your behalf.
MyCompanyWorks is a popular foreign qualification service due to its strong pricing model and highly responsive customer support. But is MyCompanyWorks the best service for your company’s unique needs and circumstances?
The foreign qualification process is quite similar to the business formation process in many states, although the fact that each state creates its own rules and regulations can complicate things a bit. Essentially, foreign qualification is obtained by filing a form usually known as the Certificate of Authority, which grants your business the right to operate in an additional state.
With a foreign qualification service like MyCompanyWorks, all you have to do is provide them with some basic info and they’ll take care of the rest. You won’t need to worry about filling out any forms or filing them with the Secretary of State. Instead, you can pay MyCompanyWorks a reasonable fee and spend that time growing your business.
Let’s quickly review its pros and cons before we dig into the details.
MyCompanyWorks’ foreign qualification service costs $99 plus your state’s fee. It includes a preliminary name search of your state’s business database, along with the preparation and filing of your Certificate of Authority (or similarly named document).
However, that’s all you get with MyCompanyWorks, as well as most of its competitors. While domestic business formation services almost always have some additional features and perks, the foreign qualification services offered by the same companies typically do not.
MyCompanyWorks has the lowest price point that we’re aware of in the industry, so it really doesn’t need to include any bonus features to provide a strong bargain for foreign qualification service.
For domestic business formations, MyCompanyWorks is an acceptable but uninspired option. At $59, it has a reasonable price point, but it’s a rather barebones package that doesn’t include many valuable features, like registered agent service.
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 a good customer feedback reputation. We found nearly 4,000 reviews of its services, and MyCompanyWorks still holds down an impressive 4.9/5 average rating score, indicating widespread acclaim from its customers.
MyCompanyWorks has a noteworthy advantage in this category compared to many 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.
The entire point of using a foreign qualification 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.
The process of ordering foreign qualification 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 the MyCompanyWorks foreign qualification service page. Keep in mind that the process for foreign qualification can vary from state to state, but in most states, it will look something like this:
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 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, MyCompanyWorks has solid pricing and a highly responsive customer support team, giving it a well-rounded foreign qualification package.
While we realize that each business has its own unique needs and characteristics, we think MyCompanyWorks is usually a good option for foreign qualification service.
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.
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