Starting a business is an exciting yet challenging experience. Entrepreneurs often face the overwhelming task of managing numerous legal and administrative aspects to get their companies off the ground.
Fortunately, MyCompanyWorks offers a streamlined and efficient service that simplifies the business formation process, making it easier for new business owners to focus on what matters most—growing their companies. But does it live up to the hype?
In this detailed review, we’ll break down MyCompanyWorks, including its features, pricing, support, customer feedback, and alternatives to help you determine if it’s the right fit for your business formation needs.
What Is MyCompanyWorks?
MyCompanyWorks is an online company formation service that offers comprehensive tools to help individuals create and manage LLCs (Limited Liability Companies), corporations, and other business entities. Founded in 2001, the company has since assisted over 60,000 businesses with their legal documentation, compliance, and company management needs. With a focus on simplicity and speed, MyCompanyWorks promises an easy-to-use platform for entrepreneurs and small business owners.
The primary services MyCompanyWorks offers include LLC formation, registered agent services, and post-formation compliance tools. Whether you’re just starting your business or need help maintaining ongoing compliance, MyCompanyWorks has a package suited to meet your needs.
MyCompanyWorks Review Ratings
We’ve compiled the most recent feedback and performance metrics to provide an objective assessment of MyCompanyWorks’ strengths and weaknesses. Below, we’ll rate the service across several key categories based on real customer feedback.
Support – 5.0/5
One of the standout features of MyCompanyWorks is its customer support. Users consistently praise the company’s responsiveness and helpfulness, often highlighting their interactions with the support team as a key reason they chose MyCompanyWorks. In fact, the platform has a perfect 5.0 out of 5-star rating in this category.
MyCompanyWorks offers customer support through live chat, phone, and email, ensuring users have access to assistance whenever needed. The team is knowledgeable about the intricacies of business formation and compliance, helping clients navigate state-specific regulations and answer any questions that arise during the formation process.
Price – 4.8/5
MyCompanyWorks offers competitive pricing, though it’s not the cheapest option in the market. Prices for their LLC formation packages start at $59, which is on the more affordable side compared to some other well-known competitors. However, there are additional costs associated with state fees, and certain premium features, such as registered agent services, may increase the price.
Here’s a breakdown of MyCompanyWorks’ pricing:
- Basic Package: Starts at $59 + state fee, includes essential services such as Articles of Organization, operating agreement, and a startup checklist.
- Entrepreneur Package: Priced at $179 + state fee, includes the Basic Package plus registered agent services for one year, Employer Identification Number (EIN) registration, and access to additional business tools.
- Complete Package: Priced at $259 + state fee, this package includes all the features of the Entrepreneur Package, plus ongoing compliance assistance, annual report filing, and priority customer support.
Though the cost is slightly higher than some competitors, the service provided justifies the price for many users.
User Ratings – 5.0/5
MyCompanyWorks enjoys an excellent reputation from its customers, earning a perfect 5.0 out of 5-star rating from users. Customers consistently express satisfaction with the platform’s ease of use, efficiency, and customer support.
Many users commend the clarity of the instructions and the step-by-step guidance offered during the business formation process. The positive user experience is a reflection of MyCompanyWorks’ commitment to providing valuable services with a high level of attention to detail.
Ease of Use – 4.9/5
MyCompanyWorks scores exceptionally well in terms of ease of use, earning a 4.9 out of 5-star rating. The platform is designed with beginners in mind, providing a simple interface that guides users through the LLC formation process with ease.
Whether you’re forming an LLC for the first time or you’ve done it before, MyCompanyWorks’ user-friendly platform will make the process much smoother. The website is intuitive, and most tasks can be completed in just a few clicks, from filing Articles of Organization to managing ongoing compliance tasks.
Features – 4.9/5
MyCompanyWorks offers an impressive set of features designed to meet the needs of entrepreneurs at various stages of their business journey. These features include:
- LLC Formation: The company offers streamlined LLC formation, making it easy to get your business off the ground in no time.
- Registered Agent Services: MyCompanyWorks offers registered agent services to help you stay compliant with state regulations.
- Compliance Tools: The platform provides tools to help you stay on top of business filings and deadlines, such as annual report filing reminders and compliance alerts.
- Operating Agreements: MyCompanyWorks provides a customizable operating agreement, which is a crucial document for LLCs to establish the structure of the business.
With these features, MyCompanyWorks ensures that entrepreneurs have access to all the tools needed to form and manage a business effectively.
Turnaround – 4.8/5
MyCompanyWorks has a solid reputation for quick turnaround times. Orders placed by 3 PM EST are processed the same day, which is ideal for entrepreneurs who want to expedite the formation process. MyCompanyWorks understands the urgency that comes with launching a new business, and their quick turnaround times make them an excellent choice for those looking to get started without unnecessary delays.
However, a small percentage of customers have noted that there can be delays during busy periods, such as tax season, though this is common with many business formation services.
LLC Service Features and Prices
MyCompanyWorks offers three main LLC formation packages, each with its own set of features and pricing. Here’s a closer look at the options available:
- Basic Package ($59 + state fee): The Basic Package is the most affordable option and includes the filing of your Articles of Organization, a customizable operating agreement, an organizational minutes document, and a startup checklist to guide you through the process.
- Entrepreneur Package ($179 + state fee): The Entrepreneur Package includes all the features of the Basic Package, plus a year of registered agent service, EIN registration, and access to business tools to help you manage your LLC.
- Complete Package ($259 + state fee): The Complete Package offers everything in the Entrepreneur Package, along with ongoing compliance assistance, annual report filing, and priority customer support.
Each package is designed to meet different needs. Entrepreneurs who only require the basics can go for the Basic Package, while those seeking more comprehensive services can opt for the Entrepreneur or Complete packages.
Additional Features
Beyond LLC formation, MyCompanyWorks offers several additional features to support businesses:
- Registered Agent Services: MyCompanyWorks provides registered agent services for $99 per year. A registered agent is a third-party service that ensures your company remains compliant with state regulations by receiving legal documents and important government correspondence on your behalf.
- Compliance Tools: MyCompanyWorks helps keep your business compliant by offering company alerts, filing reminders, and access to tools for managing business documents and filings.
- Virtual Office Services: Available in select states, MyCompanyWorks offers virtual office services that provide a business address, mail forwarding, and additional services that can help your business maintain a professional image.
These features help businesses not only get started but also thrive by ensuring ongoing compliance and providing tools to simplify business management.
Benefits of MyCompanyWorks
There are many advantages to using MyCompanyWorks for your LLC formation and business management needs. Here are a few of the key benefits:
- Comprehensive Service Offering: MyCompanyWorks offers a range of services, including LLC formation, registered agent services, compliance tools, and virtual office services. This makes it a one-stop-shop for entrepreneurs.
- User-Friendly Interface: The platform is designed to be easy to use, even for those with little to no experience with business formation. The step-by-step guides and clear instructions make the process accessible.
- Responsive Customer Support: MyCompanyWorks’ customer support team is available to assist with any questions or issues, ensuring you’re never left in the dark.
- Quick Turnaround: Same-day processing for orders placed by 3 PM EST means your business can be up and running as quickly as possible.
Downsides of MyCompanyWorks
While MyCompanyWorks is an excellent platform for LLC formation, it does have a few drawbacks that you should consider:
- Pricing: Although the pricing is competitive, MyCompanyWorks may be more expensive than some of its competitors, particularly for the more comprehensive packages. This may not be ideal for entrepreneurs on a tight budget.
- Limited Availability of Virtual Office Services: The virtual office services are only available in select states, so businesses outside of these areas will need to find alternatives.
Who Should Hire MyCompanyWorks?
MyCompanyWorks is an excellent option for entrepreneurs who need a comprehensive, user-friendly platform to form and manage their LLCs. The service is particularly beneficial for those who value responsive customer support and quick turnaround times. However, businesses on a budget or those who don’t require advanced services may want to explore cheaper alternatives.
Customer Testimonials
Here are a few testimonials from satisfied customers of MyCompanyWorks:
- “The process was simple and straightforward, and the customer support was fantastic. I highly recommend MyCompanyWorks to anyone starting a business.”
- “I used the Entrepreneur Package, and it was a great experience. My LLC was formed quickly, and the tools they provided were incredibly helpful.”
- “I was impressed with the level of support I received. They walked me through every step of the process and made sure I understood everything.”
MyCompanyWorks Alternatives
While MyCompanyWorks offers a robust suite of services, there are a few alternatives that might better suit your needs depending on your preferences and budget.
1. ZenBusiness
ZenBusiness offers LLC formation services starting at $0 plus state fees. While the basic package doesn’t include everything MyCompanyWorks offers, it provides a highly affordable option for those just getting started. ZenBusiness also offers great customer support and a solid suite of tools to help manage your business.
2. Northwest Registered Agent
Northwest Registered Agent offers LLC formation services starting at $29 plus state fees. Known for its excellent customer service, Northwest provides a year of free registered agent service with LLC formation. They also prioritize privacy and security, offering a strong alternative to MyCompanyWorks.
3. Bizee
Bizee is a newer player in the LLC formation space, offering competitive pricing and a simplified formation process. Bizee focuses on providing essential services without upselling additional features, making it a good choice for businesses that need a no-frills approach.
Verdict on MyCompanyWorks
MyCompanyWorks is a reliable and efficient LLC formation service that stands out for its comprehensive suite of features, excellent customer support, and quick turnaround times. While its pricing may be slightly higher than some competitors, the value provided justifies the cost for many entrepreneurs. If you’re looking for a user-friendly platform to start and manage your LLC, MyCompanyWorks is an excellent choice.
FAQs
Is MyCompanyWorks legitimate?
Yes, MyCompanyWorks has been in business for over 20 years and has helped over 60,000 businesses form LLCs and other entities.
What states does MyCompanyWorks operate in?
MyCompanyWorks operates in all 50 U.S. states and the District of Columbia.
Does MyCompanyWorks offer refunds?
Yes, MyCompanyWorks offers a 100% satisfaction guarantee. If you’re not satisfied with their services, they will refund your fees.
