Affiliate & Editorial Disclosure

MyCompanyWorks | Reviews by SmallBizGenius

ByDragomir Simovic
October 11,2022
We form affiliate partnerships with some of the companies mentioned in our reviews, which means we may get a small monetary compensation every time you purchase a product using the links on our website. This does not influence the contents of our reviews. Learn more by reading our Affiliate disclosure.

In business since 2001, MyCompanyWorks has helped more than 60,000 clients establish LLCs and other kinds of companies in the most efficient way possible. MyCompanyWorks has expertise in the paperwork requirements of all 50 states, so you’ll immediately get an estimate of fees and timelines for your specific case.

Score
A+

Pricing starts at $59 (Basic plan)

pros thumb up Pros
  • 100% satisfaction guarantee
  • One-day processing
  • Free e-delivery
  • Lifetime company alerts
  • Rush Filing service
cons thumb down Cons
  • Extra cost for registered-agent services

Company Overview

MyCompanyWorks reviews your data, completes the paperwork, and files it quickly - usually on the same business day. Prices are fair, and pricing plans are presented on the website without hidden fees or extra charges. 

Some features, however, are not included in every package and carry an extra cost. For example, MyCompanyWorks doesn’t include registered agent services in its basic package. If you need a registered agent, you need to opt for a higher tier of services or pay an additional $99 per year.

MyCompanyWorks also changed its name in 2016. If you want to do some research and see how the company fared in the past, you’ll need to search for MyNewCompany reviews. However, there’s no need to go through the effort. We’ve done the research for you and included everything we learned in our in-depth evaluation below.

Features

User-friendly dashboard

MyCompanyWorks gives you access to an easy-to-use dashboard that lets you keep track of all your orders. 

Even if you apply on behalf of multiple corporations or LLCs, you’ll find all the status updates in one place. There’s no limit to the number of companies you can set up at once.

Free e-delivery

With the company’s online LLC formation service, you also get scanned versions of all the filed documents free of charge. This aligns with the company's promised transparency practices.

Lifetime company alerts

No matter which package you choose, MyCompanyWorks will send you important alerts for keeping your business healthy. The service comes with an annual checking list for managing a company, so you don’t miss any important dates.

Free handbook

If you’re establishing a company, you’ll be subject to a host of obligations and responsibilities. MyCompanyWorks helpfully provides a detailed handbook with instructions and tips to guide you through managing your business.

100% satisfaction guarantee

MyCompanyWorks LLC formation services come with a 100% satisfaction guarantee. This means you’ll get a full refund in case the service isn’t as promised on the site. Note that the refund doesn’t include fees paid to government institutions.

Application Process

Getting started with MyCompanyWorks is as simple as can be. After clicking on the call-to-action button, you’ll be asked to identify the type of entity you want to establish (C corporation, S corporation, or LLC) and the state you’re from. 

You’ll also need to choose a package from among MyCompanyWorks' options and mark any extra features you want. Once that is done, you fill out a short form with some basic information and mark the order as complete.

If you decide that you want to choose a different LLC service package, for example, you can simply save your details and edit the information you provided earlier. 

This is a useful feature that can save you a lot of time and frustration. After all, the whole point of using these services is to reduce the LLC paperwork and speed everything up.

You’ll need to provide the following information:

  • Standard contact information
  • Shipping address
  • Name of the company and business purpose
  • Contact information for your registered agent
  • List of managers/members/officers
  • Federal Tax ID

If you don’t have a registered agent, you can hire a professional from MyCompanyWorks, Inc. for $99 per year. If you don’t have a Social Security number, it will cost you an additional $50 to obtain a Federal Tax ID.

Applications are usually processed the same day if they are sent before 3 p.m. Eastern Time. Those that arrive after 3 p.m. are processed on the next business day. You receive government documents in response sooner or later, depending on the state you live in. The process takes anywhere from a couple of days to about three weeks.

One thing we have to mention in our MyCompanyWorks review is the Rush Filing option. For a slightly higher price, you can expedite the process with overnight shipping, hand delivery, and other special methods. 

For the most part, the application process is automated. There’s a very low chance your application will be rejected. If it is, MyCompanyWorks will correct the errors and re-file the paperwork at no extra charge.

Best States for Establishing an LLC

The first option for forming an LLC should always be your home state. According to every good LLC website, that is how you will pay the least in taxes and fees. If you register in a different state, you will most likely be required to pay a re-registration fee

That said, there are a couple of states that have become fertile ground for both large and small corporations.

  • Delaware is the number one choice for some of the biggest corporations in America, thanks to its highly detailed business laws and regulations. According to an official state website, more than 66% of Fortune 500 companies decided that the best LLC formation is in this state. Another great incentive is the existence of the Court of Chancery, a reputable judicial institution that specializes in complex business litigation.
  • Famous as a safe haven from the IRS, Nevada is a go-to state for big companies that want to stay under the radar. Along with Texas, Nevada has no information sharing agreement with the IRS. Nevada also has no corporate income tax, no franchise tax, no personal income tax, and no taxes on corporate shares. On the other hand, Nevada does have high LLC filing fees - about $425.
  • Wyoming has recently become a honeypot for businesses. The filing fees are much lower than Nevada’s, and Wyoming corporations enjoy many of the same benefits. Wyoming’s business-friendly laws offer great protection for corporations of all kinds.

MyCompanyWorks Pricing

MyCompanyWorks offers three packages: Basic, Entrepreneur, and Complete. The $59 Basic plan includes the following features:

  • Unlimited name availability searches  
  • Prepare and file articles of organization 
  • Personalized organizational minutes
  • Personalized LLC operating agreement
  • Online order tracking and status updates
  • Same-business-day processing
  • Free logo (limited-time offer)
  • Unlimited phone and email support
  • $250,000+ in rewards and additional startup discounts
  • New LLC handbook
  • Startup wizard
  • Free company alerts
  • Access to scanned documents online
  • Lifetime access to the My Account Dashboard
  • Free book: Startups Made Simple

The $199 Entrepreneur package includes some important MyCompanyWorks features that are missing from the Basic pack. You can also purchase each of them individually.

Feature

Price

Obtaining a Federal Tax ID number

$59

LLC kit, seal, and member certificates

$69

MyCompanyForms Lifetime Business Forms & Tax Guide

$49

It’s clear from many MyCompanyWorks reviews that the Entrepreneur plan is the most popular option. At $199, it costs $140 more than the Basic plan, but it includes extra features.

The $279 Complete package is the Entrepreneur plan plus access to MyCompanyWorks Premium. This is good value, considering that it would otherwise cost $99 on its own.

The company offers some additional services that are worth considering:

  • The $99 Business License Compliance package is an easy-to-use wizard that helps you figure out what paperwork and information you’ll need for each license. It provides all the forms you need and instructions on how to fill them out.
  • The price for a domain name, email, website, and eCommerce store is $149 per year.
  • The company’s Rush Filing service costs $20 and can get your application processed in one to two business days.

MyCompanyWorks also offers to refund the difference if you find an equivalent service at a lower price. The trick here might be in the phrasing because the company emphasizes the fact that the competitor should provide the same level of service.

Naturally, this is open to interpretation, but you should definitely contact MyCompanyWorks customer service if you’re not completely satisfied with the results. The MyCompanyWorks 100% satisfaction guarantee means you can get a complete refund minus taxes and fees paid to the government.

BBB Rating & User Reviews

MyCompanyWorks has an excellent A+ score at the Better Business Bureau. There is just one closed complaint, but it seems weak on merit - a matter of opinion rather than an objectively negative experience. The company answered it professionally and eloquently. There are no complaints from users about the actual service that the company provides.

Besides the excellent MyCompanyWorks BBB rating, the company also has a 4.9 score on the Shopper website based on more than 3,000 reviews from verified customers. 

Customers notably praise the company’s support agents as fast, friendly, and helpful. Email correspondence seems to be their preferred channel, and it takes them 10 to 20 minutes to reply to inquiries. You can also reach customer support via phone.

MyCompanyWorks vs LegalZoom

MyCompanyWorks is often compared to another popular LLC formation assistant: LegalZoom. Both companies were established in 2001, but LegalZoom has grown faster and claims to have served more than 2 million customers. 

You might naturally assume that the larger company offers better deals, but that’s not the case. MyCompanyWorks offers a similar feature set at more approachable prices and thus gives you better value for your money. That said, of the two companies, MyCompanyWorks offers the more affordable LLC services.

Conclusion

Overall, MyCompanyWorks is a reputable, reliable company with fast turnaround times and affordable prices. If you don’t need extra features, the Basic package will do the job perfectly for just $59. 

All of the features are thoroughly explained on the site, and the company’s stellar customer service agents are there to help. Our MyCompanyWorks LLC service review recommends the company wholeheartedly. 

Check out our page on the best LLC services for more information about these types of services and the companies that provide them.

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FAQ
How fast is MyCompanyWorks?

Orders sent before 3 p.m. Eastern time are processed the same day; those that arrive later are processed on the next business day. 

The actual turnaround time for your business application varies depending on what state it’s filed in - anywhere from a couple of days to a couple of weeks. MyCompanyWorks' Rush Filing service can sometimes reduce the waiting time to just a day or two.

Does MyCompanyWorks have a refund policy?

Yes, there is a MyCompanyWorks satisfaction guarantee. If you’re not completely satisfied with the service, you can contact the customer support team and ask for a refund. The company will rectify any mistakes first and try to solve any issues you have. 

If this proves unsuccessful, you will get your money back - not including taxes and fees paid to government agencies on your behalf, of course.

Is MyCompanyWorks a scam?

MyCompanyWorks is a legitimate company. According to numerous MyCompanyWorks reviews on the internet, this company is a reliable business with a proven track record and thousands of satisfied customers. It holds an A+ score at the BBB and 4.9 on Shopper.

MyNewCompany also had a good reputation when MyCompanyWorks was known by that name. The website is transparent with its prices and features, so there are no surprises.