Are you in the process of forming a new LLC and require some assistance? There are plenty of LLC services such as MyCompanyWorks and LegalZoom that can help you out, but it can be tricky to figure out which one will be the right fit for your company.
This MyCompanyWorks vs. LegalZoom comparison is structured in a way that highlights the commonalities and differences between these two providers and their top competitors, with the goal being to help you choose which one can best serve your business.
1) Affordable: Either of these services is capable of forming your new LLC while still saving you hundreds of dollars over hiring an experienced business lawyer to handle your formation.
2) Customer Support: Both MyCompanyWorks and LegalZoom have friendly, professional customer service reps who can help you through every step of the LLC formation process, as well as assist you with ongoing compliance requirements.
3) Educational: Need more information, whether it relates to your LLC formation or something else down the line? Both of these companies have learning centers on their websites where you can find solutions to all sorts of compliance questions.
4) Experience: These are both experienced service providers. LegalZoom and MyCompanyWorks have served thousands (or even millions, in LegalZoom’s case) of customers each, so you can trust them to complete your formation accurately and efficiently.
5) Additional Services: If you require further business services, there’s no need to track down multiple providers. MyCompanyWorks and LegalZoom both offer extensive legal and business solutions, like registered agent service, licensing research, etc.
6) Efficiency: Do you need your LLC formed quickly? That’s not a problem for these companies, as they both have options available to speed up your formation’s processing time. It costs extra, of course, but it can be worth it if you’re in a hurry.
Identify the LLC package and services that fit your needs and then get started.
LegalZoom: While LegalZoom does offer a $0 (+ state fee) package for LLCs, the number of upsells can get overwhelming — and expensive. They charge $199 per year for registered agent service.
MyCompanyWorks: The cheapest LLC formation service package they offer costs $59 (+ state fee). It includes an operating agreement template, customizable minutes, and a company alerts system. Its $179 Entrepreneur package adds a year of registered agent service, EIN obtainment, and some document templates, while its $259 Complete plan adds ongoing compliance assistance.
LegalZoom: LegalZoom has served more than 2 million business customers since it started offering business services online in 2001.
MyCompanyWorks: MyCompanyWorks has helped with 60,000+ business formations since opening in 2001.
LegalZoom: LegalZoom offers phone and email support. We reached out twice via the email form on their site, but it took them a full week to respond. The response we received was generic, thanking us for reaching out but not answering our question.
When we contacted them via phone, our question was answered thoroughly. The representative went into detail about our different options and then sent us an email with their direct extension so that we could reach out directly with questions. Overall, while their customer service via phone is good, their online support could be improved.
MyCompanyWorks: MyCompanyWorks provides customers with phone and email support. We reached out via the form on their website and received a response back in less than 24 hours, and we were also able to reach an employee on the phone quickly. Their reps were courteous and professional, and they elaborated a bit on their responses as well. Their hours of availability run from 9 a.m. to 7 p.m. ET on weekdays.
LegalZoom: Their turnarounds are based on which package you order rather than which state you’re forming in. With their most expensive package, you could receive your finalized business formation documents in 7-10 business days, but their cheaper packages take as long as 30 business days (six weeks).
MyCompanyWorks: MyCompanyWorks says 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 have detailed estimates for both standard and expedited service on their order form, and their turnaround times vary by state.
LegalZoom: We found 6,000+ reviews for LegalZoom, and while they do have some negative reviews mixed in, a majority of this feedback is positive. Their satisfied customers often talk about how convenient and easy it is to use LegalZoom’s services.
MyCompanyWorks: MyCompanyWorks has around 4,000 reviews available online, with most of them earning positive scores. This company has solid customer feedback.
MyCompanyWorks and LegalZoom both offer a variety of additional services that can help you form, maintain, and expand your business. They provide many of the same services as well, including doing business as (DBA) names, registered agent service, annual reports, foreign qualifications, and more.
However, MyCompanyWorks also offers virtual office services, which LegalZoom doesn’t. On the other hand, LegalZoom provides access to many personal services in addition to their business services, so they can help you with things like last will and testament, living trusts, power of attorney, divorce papers, and more.
While these companies may offer similar services, they also have plenty of differences that may make one of them more appealing to you. When it comes to forming your LLC, you want to make sure you’re making the best choice. If you still haven’t chosen which one you prefer, let’s go over some scenarios that might help you make your decision.
MyCompanyWorks has fast turnaround times and responsive customer support. If that’s important to you, MyCompanyWorks could be worth a look.
LegalZoom has an advantage when it comes to two important factors: experience and brand power. It also offers a free (+ state fee) LLC service package. If these are priorities for you, then LegalZoom could be an option for your LLC formation.
If you’d like to form your LLC with ZenBusiness, we’re here to help. We offer LLC formations starting at $Array (+ state fee), and we have 12,000+ positive customer reviews available online. Form your LLC quickly and get more tools to start your dream business.
Starts at $0 + state fees and only takes 5-10 minutes
The most widely recommended LLC formation package offered by LegalZoom is its Basic plan, which is free if you pay your own state fee. With this option, you’ll receive a business website package from Wix in addition to your formation.
While MyCompanyWorks does not offer to handle publication requirements on your behalf, they do offer to “send you detailed instructions for publishing your LLC” if you’re forming in a state that requires it. For what it’s worth, LegalZoom offers no assistance with the publication process.
MyCompanyWorks has very few upsells, and when they do present you with opportunities to add features, they’re not pushy about it. This is in contrast to the way LegalZoom handles upsells. LegalZoom has an extensive series of upsells throughout its order form, and it would add more than $1,000 to your order if you bought all of them.
MyCompanyWorks’ turnaround times are based on the ability of each state to process LLC formations. Their pledge to submit your order to the state by the next business day is a welcome feature. As for LegalZoom, their turnaround time estimates are tied to the service package you purchase from them. Their top-tier Express Gold package is the fastest (7-10 business days), the Standard package is in the middle (15), and the Economy package is the slowest (30).
You can, and many entrepreneurs do form their own LLCs every day. However, we appreciate the peace of mind we receive from using a reputable formation service. In addition, each state has its own rules and regulations for LLC formations, so there can often be more legwork than people might expect.
LegalZoom’s offering of a free (+ state fee) LLC formation service is an advantage over some competitors, including MyCompanyWorks. On the other side of the coin, MyCompanyWorks has highly responsive customer support and a pledge to submit all paperwork to the state by the next business day.
If you’re looking for assistance with maintaining your good standing with the state into the future, either of these companies can help. LegalZoom offers registered agent service for $199 per year, and they also have annual report service available for $99. With MyCompanyWorks, you can get registered agent service and annual report service for $99 each per year.
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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