MyCompanyWorks is a popular foreign qualification service (that also offers LLC formation services) due to its competitive pricing model and 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, similar to their LLC filing service.
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 don’t.
MyCompanyWorks has a solid price point of $99 for foreign qualification services. By comparison, Incfile charges $149, and Northwest Registered Agent charges $225 (you’ll still need to pay your state’s fee with any of these options).
For domestic business formations, MyCompanyWorks is an acceptable but somewhat expensive option. At $59 (+ state fee), it has a reasonable price point, but it’s a rather barebones package that doesn’t include many valuable features, like registered agent service, for example. By comparison, we offer business formations for free (+ state fee).
MyCompanyWorks is a smaller company than large-scale operations like LegalZoom or ZenBusiness, by comparison. MyCompanyWorks has been around since 2001, and it’s served around 60,000 customers, so this company 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 4,200 reviews of its services, and MyCompanyWorks still holds down a 4.9/5 average rating score, indicating positive feedback from its customers.
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. That said, MyCompanyWorks doesn’t boast the extended availability of companies like us at 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 fits the bill, as it’s simple to place orders, renew services, and navigate its website.
The process of ordering foreign qualification services from MyCompanyWorks is simple. 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’ll 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 4,100 reviews and an 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, MyCompanyWorks has solid pricing and a 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 viable option for foreign qualification service. That said, we think our free (+ state fee) offer for LLC formations is a better deal than MyCompanyWorks’ $59 (+ state fee) package.
Disclaimer: The content on this page is for information 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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