Starting a business can be one of the most exciting and rewarding ventures, but it also comes with its fair share of challenges. One of the most important tasks is to ensure that your business is properly structured from a legal standpoint. Whether you’re starting an LLC, a corporation, or any other legal entity, choosing the right service provider to handle your formation and compliance needs is crucial. This is where companies like MyCompanyWorks come into play.
In this review, we’ll dive deep into MyCompanyWorks, analyzing its offerings, pricing, services, user experience, and customer feedback to help you determine if it’s the right choice for you. MyCompanyWorks is a platform designed to help entrepreneurs form their businesses and stay compliant with legal requirements. Let’s see if it truly delivers on its promises.
Business Formation Services
MyCompanyWorks offers three main LLC formation packages: the Basic LLC Package for $79, the Entrepreneur LLC Package for $199, and the Complete LLC Package for $279. Each package is designed to provide different levels of support. The Basic package includes the essentials such as Articles of Organization and an Operating Agreement, while the Entrepreneur package adds an EIN and LLC kit. The Complete package provides additional services like one year of registered agent service, business tax consultation, and a free domain name and hosting.
Price Points
One of the key factors to consider when choosing a business formation service is the pricing structure. MyCompanyWorks offers several different LLC formation packages to suit various business needs and budgets. The prices for these packages are relatively affordable compared to many competitors, and the company does not add hidden fees. Below is a breakdown of the available packages:
Basic LLC Package
The Basic LLC Package is priced at $79 plus the state filing fee. It’s designed for individuals who just want to form an LLC without any added extras. This package includes everything you need to get your LLC up and running, including:
- Preparation and filing of Articles of Organization – The most important document to establish your LLC with your state.
- Personalized LLC Operating Agreement – This document outlines how your LLC will be run, which is essential for ensuring your business is structured correctly.
- Unlimited name availability searches – You can search for business name availability as many times as you like.
- Online order tracking – You’ll get status updates and tracking information for your order.
- Lifetime access to your account dashboard – You’ll be able to access all your business documents and keep track of your formation progress.
The Basic LLC Package is ideal for someone who wants the basics without paying for unnecessary extras. It’s affordable and includes everything necessary to legally form your business.
Entrepreneur LLC Package
The Entrepreneur LLC Package is priced at $199 plus the state filing fee. This package adds a few more features to the Basic package, making it a good option for those who need a bit more support when starting their business. Here’s what it includes:
- Everything from the Basic package, including the formation documents and personalized LLC Operating Agreement.
- Federal Tax ID (EIN) – You’ll receive an EIN, which is required if you plan on hiring employees or opening a business bank account.
- LLC Kit, Seal, and Member Certificates – This is a physical kit that contains an embossed seal, member certificates, and a binder for organizing your company’s important documents.
- MyCompanyForms™ Lifetime Business Forms & Tax Guide – This tool will help you manage your business paperwork and navigate tax obligations.
For entrepreneurs who want to make sure they have all the essentials to run their business smoothly, this package provides additional value with a federal tax ID and business kit.
Complete LLC Package
The Complete LLC Package is priced at $279 plus the state filing fee and is the most comprehensive option offered by MyCompanyWorks. It includes everything from the Entrepreneur package, plus the following additional services:
- One year of Registered Agent Service – The registered agent service ensures that your business receives legal documents, such as tax notifications and legal notices, on time.
- Business License Compliance Package – This package helps you make sure your business is in compliance with state and local licensing regulations.
- Free business tax consultation – You’ll get one-on-one advice on your business’s tax structure and obligations.
- Free domain name and 1-year hosting offer – A website is essential for most businesses these days, so this package includes a free domain name and one year of hosting.
- Free startup business funding consultation – MyCompanyWorks will also provide a consultation to help you find business funding options if needed.
This package is tailored for entrepreneurs who want a full suite of services to get their business off the ground and keep it running smoothly. It offers the most value if you plan to need ongoing compliance and legal services.
Turnaround Times
Another important factor when choosing a business formation service is how quickly they can process your order. MyCompanyWorks is known for its fast turnaround times, especially compared to some other providers.
- Same-day processing: If you place your order before 3 p.m. ET, MyCompanyWorks will process it on the same day. This is a great option for entrepreneurs who want to get their business formed quickly.
- Next-day processing: If you place your order after 3 p.m. ET, it will be processed the following business day.
Their quick turnaround times are an advantage, especially if you’re on a tight deadline and need to get your LLC up and running as soon as possible.
Upsells
While MyCompanyWorks offers several service packages, there are also additional upsells available if you want to further enhance your business setup. These include:
Corporate Kit
The Corporate Kit is priced at $89 and includes a custom-embossed seal, a binder to organize your business documents, and member certificates. This is a nice touch for those who want to add a professional look to their business operations.
Business License Compliance Package
This package is available for $99 and helps ensure that your business stays in compliance with local, state, and federal licensing requirements. If you’re in an industry that requires special permits or licenses, this is a good add-on.
MyCompanyWorks Premium
The Premium package is priced at $139 per year and includes:
- Annual reports: Ensure that your business stays compliant by filing annual reports on time.
- Entity monitoring: This service monitors your business’s legal status to ensure that it stays in good standing.
- Priority support: Get faster response times from customer support.
- Compliance alerts: Receive notifications about any compliance-related deadlines.
- Secure document storage: You’ll get 5 GB of secure cloud storage for your business documents.
While these upsells are not strictly necessary, they can be beneficial for entrepreneurs who want to ensure they stay on top of their legal and business requirements.
User-Friendly Language
One of the standout features of MyCompanyWorks is its user-friendly language and interface. The platform is designed to make the process of forming an LLC as simple as possible, even for people without any legal experience.
The Startup Wizard is an excellent tool that guides you step-by-step through the formation process, providing a personalized checklist and reminders to ensure you don’t miss any important tasks. This feature is especially useful for first-time business owners who are unfamiliar with the formation process.
The platform’s My Account Dashboard (MAD) is also intuitive and makes it easy to manage your business documents, track your compliance tasks, and access important files. All in all, MyCompanyWorks does a great job of presenting complex legal processes in a way that’s easy to understand.
Customer Service
When it comes to customer service, MyCompanyWorks excels. They offer 100% U.S.-based phone and email support, which ensures you’ll always be able to reach a knowledgeable representative when you need help. Customer reviews frequently praise the team for being responsive, helpful, and courteous.
Additionally, MyCompanyWorks offers a 100% satisfaction guarantee, which means that if you’re not satisfied with their services, they’ll refund your money (excluding state filing fees or any third-party services already rendered). This guarantee gives peace of mind to users and shows the company’s commitment to customer satisfaction.
Customer Reviews
Customer feedback plays a vital role in determining whether a service provider is worth using, and MyCompanyWorks has received positive reviews from many of its users.
On Google, MyCompanyWorks has a 4.6-star rating, with many customers praising the company for its efficiency, helpfulness, and fast processing times. On review platforms like ZenBusiness, MyCompanyWorks is frequently highlighted for its user-friendly platform and excellent customer service.
Many users have also pointed out that MyCompanyWorks offers competitive pricing compared to other LLC formation services, making it an excellent choice for entrepreneurs on a budget.
MyCompanyWorks Satisfaction Guarantee
The 100% satisfaction guarantee is one of the best features of MyCompanyWorks. If you’re not happy with the service you receive, the company promises to refund your payment (excluding state filing fees or any third-party services). This kind of guarantee gives you confidence that you can try out their services risk-free, knowing that you won’t be stuck with something that doesn’t meet your expectations.
User Experience
MyCompanyWorks has designed a platform that’s easy to use, even for those without much experience in business formation. The My Account Dashboard (MAD) serves as a centralized location where you can manage your business, track compliance tasks, and access essential documents. The interface is clean, simple, and intuitive, making it easy for you to stay on top of your business’s legal needs.
The platform’s user experience is one of its strongest points, especially for entrepreneurs who don’t want to deal with complicated legal jargon or clunky interfaces. Everything is streamlined and organized, ensuring that you can focus on growing your business rather than navigating a difficult platform.
Additional Services & Features
Beyond LLC formation, MyCompanyWorks also offers several additional services that can be helpful to business owners:
DBA (Fictitious Name)
If you want to operate under a name other than your legal LLC name, you can register a Doing Business As (DBA) name for $99 plus the state fee. This is useful for businesses that want to market under a different name or expand into multiple brands.
Business Funding
MyCompanyWorks also provides consultations for securing business funding. If you’re looking for investors or need a loan to fund your startup, this service can help connect you with potential lenders or investors.
Web Hosting
For businesses that need a website, MyCompanyWorks offers a free domain name and one year of web hosting as part of its Complete LLC Package. This is an excellent add-on for those who want to get their online presence up and running quickly.
Free Business Tax Consultation
As part of the Complete LLC Package, MyCompanyWorks offers a free business tax consultation to help you navigate the tax responsibilities specific to your LLC structure. This is a valuable service for entrepreneurs who need guidance on managing their business taxes.
Business Forms
MyCompanyWorks provides access to MyCompanyForms™, which includes a library of legal document templates. This can be helpful for business owners who need to draft contracts, operating agreements, or other essential documents without hiring a lawyer.
Registered Agent Service
Price
MyCompanyWorks offers registered agent services at $99 per year. This service is included in the Complete LLC Package, but it can also be purchased separately. Registered agents are responsible for receiving legal documents and government notices on behalf of your business, ensuring that you stay compliant with state regulations.
Mail Forwarding
The registered agent service also includes mail forwarding, which adds an extra layer of privacy between your personal and business addresses. If your business ever relocates, you can easily update your forwarding address through MyCompanyWorks.
Is MyCompanyWorks a Good Choice for LLC Services & Registered Agent Services?
Yes, MyCompanyWorks is a solid choice for those looking to form an LLC and maintain compliance with state and federal regulations. The company offers affordable pricing, fast processing times, and a wide range of services that can be tailored to suit your business’s needs.
The user-friendly platform and top-notch customer service are also huge advantages, making it easy to manage your business formation and legal documents without a steep learning curve.
While MyCompanyWorks may not be the absolute cheapest option, it offers good value for the services provided, especially if you opt for the Complete LLC Package and take advantage of their registered agent services and other features.
FAQs
What is the cost of MyCompanyWorks’ LLC formation services?
The Basic package starts at $79 plus state fees, while the Entrepreneur package is $199, and the Complete package is $279.
Does MyCompanyWorks offer same-day processing?
Yes, if you submit your order by 3 p.m. ET, MyCompanyWorks guarantees same-day processing.
Is the registered agent service included in the packages?
The Complete package includes one year of registered agent service. For the Basic and Entrepreneur packages, it is available as an additional service.
Does MyCompanyWorks offer a satisfaction guarantee?
Yes, MyCompanyWorks offers a 100% satisfaction guarantee, providing a refund if you’re not happy with their services (excluding state fees).
Is MyCompanyWorks a good choice for first-time business owners?
Absolutely. The platform is user-friendly, and the customer service team is always available to help, making it a great choice for entrepreneurs new to LLC formation.
