As with anything, there are pros and cons to choosing MyCompanyWorks. This MyCompanyWorks LLC service review will outline everything you need to know.
Alternatively, you can simply form an LLC with Mark Cuban’s recommended service – ZenBusiness. We’ll form your LLC quickly and for just $0 + state fee.
Since 2001, MyCompanyWorks has provided LLC formation and other legal services to more than 60,000 businesses. There are dozens of services that will form an LLC, but MyCompanyWorks has carved out a market share.
Like any company, they have their advantages and disadvantages, which is why this MyCompanyWorks LLC service review outlines everything you need to know before deciding to use their LLC formation services.
✔ They get strong feedback from their customers, with high average rating scores out of more than 4,000 online reviews.
✔ MyCompanyWorks has a proven track record with over 60,000 businesses formed. A downside of many other LLC websites is that they’re not as ‘battle-tested.’
✔ Their $59 Basic package includes a personalized LLC operating agreement and organizational minutes, along with a compliance alert system that keeps you informed of important filing deadlines.
✔ MyCompanyWorks returns most phone calls and emails in 20 minutes or less during business hours, while many competitors can take a full business day or longer to get back to you.
✖ There are more affordable LLC services available. Other online LLC services, like us at ZenBusiness, will form your LLC for free (just pay your state’s required fee).
MyCompanyWorks offers three different levels of LLC service packages: Basic, Entrepreneur, and Complete. To review the complete details of each package, keep reading for a full breakdown of what you’ll get.
This Package Is Best For: Entrepreneurs looking to form an LLC or corporation while receiving some helpful business documents.
➢ Preparation and Filing of Your Articles of Organization: These are the documents required by your state of formation to officially form your LLC. MyCompanyWorks will draft these forms and then submit them to your state to create your company.
➢ Name Availability Search: They will search the business database operated by your state of formation in order to determine if your desired business name is available, or if it’s already claimed by another business.
➢ LLC Operating Agreement: This document lays out the ownership structure of your LLC, as well as provides information about how the company will be operated. MyCompanyWorks will draft this custom document for you.
➢ Organizational Minutes: LLCs are not required to take minutes of their meetings, but if you want to, they’ll include custom minutes forms, so it’s easier for you to organize your meetings.
➢ Unlimited Phone & Email Support: Some competitors only offer phone support to customers who purchase higher-tier service packages, but MyCompanyWorks provides it to all customers.
➢ Company Alerts: They’ll set up a handy tool for you to keep track of your compliance deadlines and filing requirements. Never miss an important deadline again!
(In some states, this package costs as much as $227 before state fees)
This Package Is Best For: Entrepreneurs who want to form an LLC or corporation while also getting an EIN and registered agent service.
Everything from the Basic package, plus…
➢ One Year Registered Agent Service: If you operate an LLC anywhere in America, you must designate a registered agent for your company. This is an individual or a business entity that agrees to receive important document deliveries from the state on your behalf. This is a vital part of any LLC because, without a registered agent, the state has no reliable way to contact your business. (Quick Note: you can also get a registered agent service by itself if you need to.)
➢ Federal Tax ID Number (EIN): This is essentially a Social Security Number for your business. An EIN allows you to hire employees, open business bank accounts, pay business taxes, and much more.
➢ MyCompanyForms Business Forms: More sample documents i a library of 200+ commonly used business forms that you can customize.
(In some states, this package costs as little as $259 or as much as $307 before state fees)
This Package Is Best For: Entrepreneurs who want to form an LLC or corporation while getting everything they could possibly need to get off the ground with minimal effort.
Everything from the Entrepreneur package, plus…
➢ MyCompanyWorks Premium: This feature includes annual report service with due date tracking, initial report service (if required in your state), business entity monitoring and compliance alerts, and more. MyCompanyWorks typically sells this feature as a standalone service for $99 per year.
While they’re not as expensive as some services, there are also more reasonable offerings available. Their basic package is $59, which isn’t a bad price considering the business documents included, but there are some competing companies that offer lower prices and/or more valuable features.
MyCompanyWorks does guarantee that they’ll process your order within one business day without charging extra, which is definitely a welcome feature. And, even though you do have to pay extra for their registered agent service (unless you purchase one of their two upper-tier business formation service packages), it only costs $99 per year, which is one of the lowest prices we’ve seen.
Founded as MyNewCompany in 2001, they recently changed their name to MyCompanyWorks. Since they opened for business, they’ve helped form more than 60,000 companies.
One aspect of their service that we really appreciate is their 100% satisfaction guarantee. It’s one of the best refund policies in the industry, as they will refund your service fee at any time within 90 days of your purchase for any reason.
They also made Inc5000’s 2017 list of the fastest-growing private companies, which was an impressive accomplishment, even if it was a while ago. This indicates that customers use the service and either return to use it again or recommend it to friends.
When it comes to customer feedback, MyCompanyWorks has a positive reputation. They have around 4,000 reviews available online, and over 97% of them are either 4- or 5-star ratings. In those positive reviews, their clients often discuss how quick and easy they make forming a business and how well MyCompanyWorks explains each step of the formation process.
MyCompanyWorks offers phone and email support. We reached out via the form on their website and received a response back in less than 24 hours. They answered our question and included a couple of links to their website that helped expand upon their answer.
We also called to see how their customer service via phone is. The representative we spoke to was courteous and answered our questions with some elaboration. They also asked if we had any other questions or wanted to start the process of forming a business while we were on the phone.
The only downside to their customer support is the fact that their phone support is only available from 11 am to 7 pm ET Monday through Friday, which are among the shortest availability hours in this industry.
The point of using an incorporation service is to save time and make the formation process simple. With some online services, it can still feel like you’re basically filing on your own. But with MyCompanyWorks, the process is straightforward and streamlined to be as convenient as possible.
Once you’ve selected a package and any add-ons you need for your business, the application process is quick and easy. As long as you have all of the information you need, it shouldn’t take longer than 10-15 minutes.
If you’re not sure where to begin with forming your business, they have a list of helpful articles covering topics like where to form your LLC or corporation and which of those entities is the right choice for you.
MyCompanyWorks guarantees that they’ll process your formation paperwork the same day you submit your order if it’s before 3 pm ET, or the next business day if you submit your order after 3 pm ET. They also offer an upgrade to expedite service with the state once the paperwork is filed.
Overall, MyCompanyWorks can have your LLC or corporation formed within just one business day in some states, while in others, it can take a few weeks. Regardless of which entity you’re forming or where you’re forming it, they have detailed estimates for both standard and expedited service on the order form.
In general, we’ve noticed that their turnaround times are often slightly faster than their competitors, so this category is a pro for MyCompanyWorks.
If you’re looking for an alternative LLC service, go with us at ZenBusiness.
ZenBusiness is a Texas-based company that has helped form more than 500,000 businesses since 2015, with positive reviews online to back it up.
What’s unique is that we are a socially conscious organization focused on doing good while growing as a company. ZenBusiness has a partnership with Kiva.org to help lift people out of poverty through financial lending and loan money to help women- and minority-owned businesses get off the ground.
$0 + state fee and takes 5-10 minutes
MyCompanyWorks is an experienced LLC formation service provider, so it’s no surprise that there are quite a few customer reviews to be found online. In fact, there are more than 3,900 individual reviews available.
Long story short, MyCompanyWorks maintains strong average scores with its online customer reviews. Most entrepreneurs are quite pleased with their decision to use their LLC formation service.
Here are some of the things customers like about MyCompanyWorks:
And here are things customers don’t like:
MyCompanyWorks provides access to its customer support team via phone or email. In our experience, and also based on their customer feedback, either option gives you quick response times and well-informed assistance from a team of knowledgeable professionals.
The only issue with their customer support is their short window of availability, as their representatives are only available from 11 am until 7 pm ET on weekdays.
In general, MyCompanyWorks is a solid LLC formation service with far more pros than cons to their services. Here are some guidelines regarding whether it’s a good idea for you to use MyCompanyWorks.
If you place a high value on customer service and client feedback, MyCompanyWorks is a good option. Also, if you want a customized LLC operating agreement, they’re a strong choice.
Need to save a bit more money or bundle in some more advanced features? There are ways to do that with other business formation services that are equally as reliable.
MyCompanyWorks is a strong contender to provide LLC formation service for your company. As we’ve seen, you can save some money with other options, but there aren’t many arguments to be made against MyCompanyWorks in general.
Start your LLC with ZenBusiness
Pricing starts at just $0 + state fee
MyCompanyWorks was formed as MyNewCompany in 2001, and they’ve formed over 60,000 LLCs and corporations since then. In 2017, they were named to the Inc5000 rankings of the fastest-growing private companies in America.
On their website, MyCompanyWorks explains their mission statement as follows: “We empower entrepreneurs and their advisors by making starting and running a business faster, easier, and less expensive.” Today, they’re one of the nation’s biggest service providers for incorporations, LLC formations, registered agent, and many other services for small businesses.
A fun fact about MyCompanyWorks is that every purchase you make from them is covered by their 100% satisfaction guarantee. You have a generous 90-day window to request a refund, and they will refund your service fee.
While they state that they “cannot refund money charged by the government,” they are “very flexible and willing to work with you to ensure your satisfaction.” Overall, this is a much more generous refund policy than many of their competitors offer.
As with most competitors, MyCompanyWorks provides a wide variety of additional services to help entrepreneurs form, maintain, and grow their businesses.
We dug into the list of features MyCompanyWorks offers to see how much they charge for each of these services, which can be especially interesting when examining a la carte pricing for features included in their formation packages.
Let’s take a look at everything MyCompanyWorks offers and discuss which services are good deals and which ones you can ignore.
When you hire MyCompanyWorks as your incorporation service, they will file your paperwork on your behalf. But first, you have to do a little legwork. Here’s a quick rundown of what you can expect with MyCompanyWorks:
Choose a package: The very first step you’ll complete with MyCompanyWorks is to build your package. This includes selecting your state, company type, your package, and any add-ons you want to use. MyCompanyWorks makes it clear what your price is throughout the entire process.
Enter information about your business: You’ll need to include your contact information and information about the company itself. For example, you’ll list your name, your business management, your registered agent, and more. This is the most time-consuming step, but it’s what makes it possible for MyCompanyWorks to form your business for you.
Review and pay: MyCompanyWorks gives you one last chance to confirm your order details before you pay. You’ll need to have a credit card on hand, too.
After that, you’re all set! MyCompanyWorks will form your business for you.
Got LLC service questions? We’ve got answers.
MyCompanyWorks was first formed back in 2001. Over the years since then, they’ve served more than 60,000 business clients with entity formations and other business services.
When it comes to customer feedback, MyCompanyWorks shines. They have more than 3,900 reviews available online, and they maintain solid average rating scores. Their customers frequently praise their strong overall value, as well as how easy it is to reach their customer support reps.
Unfortunately, we were unable to find any promo codes, discounts, coupons, or sales for MyCompanyWorks.
MyCompanyWorks has strong customer service because they keep it all in-house. When you call them, you don’t get transferred to an anonymous call center, you speak with a knowledgeable MyCompanyWorks employee.
Depending on the status of your order when you request your refund, you will receive the total order amount minus a $25, $50, or $75 processing fee. Once your documents have been shipped to the state, refunds are no longer available.
You certainly can, and actually, quite a few entrepreneurs do form their own LLCs. The issue is that it can be a hassle, especially considering the fact that each state has different rules and regulations regarding LLC formation.
On the other end of the spectrum, you could hire a lawyer to form your company, but that’s going to cost much more money than an online LLC service.
Each state (except Florida) has a way to reserve a business name before forming your entity itself. In general, this is only necessary if you aren’t yet ready to enter the formation process.
If you’re ready to start your business, there’s no reason to reserve your name before forming your LLC with MyCompanyWorks. We will note that certain states (like Alabama) require you to reserve a name before you form your business.
MyCompanyWorks does not offer publication service, but they do pledge to “send you detailed instructions for publishing your LLC” if necessary in your state. If you’re looking for a company that will take care of publication requirements on your behalf, take a look at our guide to the best New York publication services.
As for the name reservation requirement in Alabama, they specifically note that “we will search and reserve your LLC name for you before sending your documents in for filing.”
Yes, there is no requirement that you be present in the U.S. when forming an LLC. In fact, you don’t need to be an American citizen or resident to form an LLC either, as foreign nationals are allowed to own and operate LLCs just like American citizens are.
You can contact MyCompanyWorks via phone by calling 800-326-1362. Instead of publishing a specific email address, they have an email contact form on their website.
Once you submit your message, a MyCompanyWorks representative will reach out to you via email as soon as possible.
In our opinion, MyCompanyWorks keeps the upsells to a minimum compared to LegalZoom.
Quite a few of their competitors place a considerable amount of pressure on you to buy expensive add-on features that drive your total cost way up, but MyCompanyWorks doesn’t bother us in this regard.
They do have some optional add-ons available, but they’re not pushy about it at all.
MyCompanyWorks’ processing times vary depending on your state of formation, but in general, they’re a bit quicker than most competitors. If you need to speed up your formation turnaround time, you can upgrade to their expedited service which can reduce your processing time from weeks down to just a few days in some states.
This is a tough question to answer without knowing the specific needs of your unique business. We personally enjoy getting an EIN included with our LLC formation, even if it means spending extra to add it on or to upgrade to a higher level of LLC service.
The convenience of not having to get one ourselves through the IRS is worth it for us, and we like to have our articles of organization and EIN confirmation in the same place. However, we would completely understand if you’d rather save some money and acquire your own EIN from the IRS directly.
MyCompanyWorks doesn’t offer a lengthy laundry list of additional services like some competitors do, but they still provide a nice selection. They can help you out with services like doing business as (DBA) names, apostille, annual reports, amendments, dissolutions, annual reports, foreign qualifications, registered agent service, certificates of good standing, certified copies, and virtual office service.
Some of their competitors offer LLC formations at considerably lower rates while still providing more valuable features. Take a look at our head-to-head comparisons for further details.
The biggest advantage of MyCompanyWorks is its strong customer feedback. Even with its high volume of reviews, MyCompanyWorks maintains good rating scores on review websites, which provides peace of mind for people thinking about using their services. The vast majority of customers seem satisfied with what they have to offer.
They certainly do, and depending on which package you buy, you might already have these features bundled into your business formation.
MyCompanyWorks offers registered agent service for $99/year, and they also have their MyCompanyWorks Premium feature for $99/year, which includes managed annual report service and a compliance dashboard.
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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