MyCompanyWorks Review for 2024

MyCompanyWorks Plans

While MyCompanyWorks isn’t the market’s cheapest option, its LLC formation services are competitively priced. Keep in mind that while there are three fixed MyCompanyWorks pricing plans on offer, you can opt for additional features and customize each plan to your liking.

Basic LLC Package

The MyCompanyWorks Basic package starts at $59 plus state filing fees. If you’re an entrepreneur on a budget and all you need is to incorporate, this tier is perfect for you. This package doesn’t include registered agent service; you can add this feature for another $99 per year.

Here’s a full list of services offered as part of the Basic plan:

• Name availability search: The company will search your state’s business database to determine the availability of your desired business name. If the name you wanted to use has already been taken, MyCompanyWorks will get back to you with a list of suggested alternatives.
• Articles of organization: My Company Works will prepare all the government paperwork needed for LLC formation and submit it for processing.
• LLC operating agreement: This document outlines an LLC’s ownership structure and operational rules. MyCompanyWorks will draft your operating agreement and send it over in an editable format so that you can modify the document based on your needs.
• Organizational minutes: LLCs are not obligated to take minutes of their meetings. However, MyCompanyWorks offers personalized minutes forms along with step-by-step instructions on how to organize meetings.
• Same-day processing: The company reviews and processes orders the same day as long as they are submitted by 3 p.m. Eastern time. If you make an order after 3 p.m., processing takes place the next business day. Also included are online order tracking and status updates.
• Unlimited customer support: Unlike some of its competitors, who offer extensive phone and email support only to clients who opt for higher-tier packages, MyCompanyWorks provides high-level customer care to all users.
• Company Alerts: This is a useful tool to help you keep track of your filing requirements and compliance deadlines.
• Educational resources for startups: If you’re new to owning a business, you’ll appreciate features such as the Startup Wizard (a customized interactive checklist that helps you organize your business after LLC formation) and the Startups Made Simple ebook.

Entrepreneur LLC Package

This LLC service package is priced at $199 plus state filing fees. If you decide to step up to the Entrepreneur plan, MyCompanyWorks will provide a few more handy features, which still don’t include the services of a registered agent. In addition to everything included in the Basic tier, you’ll also get the following:

• Federal Tax ID (EIN): MyCompanyWorks prepares and submits the application to obtain an Employer Identification Number from the IRS on your behalf. Note that if you don’t have a Social Security number, there will be a $50 surcharge and you’ll have to wait for seven to 14 days for the IRS to process your request.
• LLC kit, seal, and member certificates: This symbolic feature comes with 20 custom member certificates, an LLC seal engraved with your company’s name, a custom binder, a slipcase, and a few sample forms.
• MyCompanyForms: With this feature, you get lifetime access to a library of more than 200 forms to keep your business up-to-date and organized after LLC incorporation. Resources include contracts, purchase agreements, leases, minutes, resolutions, startup and maintenance checklists, and tax forms.

Complete LLC Package

Priced at $279 (plus state filing fees), the top-tier package comes with everything from the previous two tiers plus a year of registered agent service. We recommend this plan to entrepreneurs who are willing to pay a little more for a complete set of features for their new LLCs.

• Registered agent services: Using MyCompanyWorks as your registered agent ensures statutory compliance and faster filing, provides an additional level of privacy, protects your business mailbox from junk mail, and simplifies the process of moving your business.

The company provides customer service by phone, email, and live chat. The support team’s working hours are from 6:00 a.m. to 4:30 p.m. Pacific time, Monday through Friday.

Client reviews identify customer support as one of the pillars of this company. To prove this claim, we tested all three customer care channels. We were quite happy with how timely and accurate the agents’ responses were.

Unlike most of its competitors, which usually take a day to get back to clients, MyCompanyWorks provides support within 20 minutes during business hours.

Ease of Use

Filling out an order for LLC formation with MyCompanyWorks takes no longer than 10 minutes. To start the process, all you have to do is pick a plan and customize your order with extra services if you’d like. You’ll be asked to provide your contact information and shipping address.

Next, you’ll need to provide your business’s desired name, registered agent (if you already have one), and the names and contact information of all members.

Once you’ve submitted all the necessary information, you’ll be able to log in to your account and check for status updates on your dashboard.

Turnaround Time

One of the best things about MyCompanyWorks is its processing speed. Whether you choose the Basic, Entrepreneur, or Complete LLC package, you’ll get same-day processing at no extra charge.

That’s not the same as “turnaround time,” which refers to how long it takes your state to process your paperwork during the LLC registration process. Turnaround time varies from state to state. In most places, it takes several weeks.

Additional MyCompanyWorks Services and Features

There are some other notable features available here, namely:

Business License Compliance Package

This third-party service is offered by MyCompanyWorks partner Business Licenses LLC. Instead of spending hours on research, you can use this feature to determine your company’s licensing requirements in just a few minutes. You also get access to a simple dashboard where you’ll be able to find all the necessary downloadable forms and instructions.

The Business License Compliance Package comes with a $99 fee.

Business Tax Consultation

The company offers free business tax consultation, which is essentially a no-obligation one-hour tax webinar. If you have never owned a business before, you’ll find this webinar of value.

In addition to explaining which IRS forms you need to file, how your type of business is taxed, and how to pay yourself and your employees, it also touches on the subjects of business bank accounts and IRS rules.

Domain Name and Hosting

In partnership with a hosting company called InMotion, MyCompanyWorks offers each new client a WordPress website with a free domain name and one year of hosting for $99.

The company says it can deliver a mobile-optimized, professionally crafted site in just two business days.

MyCompanyWorks Premium

For $99 a year, you can put your business’s compliance and security on autopilot. MyCompanyWorks Premium is a peace-of-mind bundle of services that includes initial and annual report filing, compliance alerts, business entity monitoring, MyCompanyForms, e-certificates, e-ledger, 5 GB of cloud storage, and priority customer support.

100% Satisfaction Guarantee

No matter which MyCompanyWorks service you decide on, you’ll be protected with a strong guarantee. If you’re unsatisfied with your completed order, you’ll be able to choose between a refund of all fees or a correction of the issue.

The Bottom Line

Considering its long history, relatively low prices, and high client satisfaction ratings, we recommend MyCompanyWorks as a solid LLC service provider. If you place high value on impressive client feedback records and exceptional customer service, this provider may be just what you’re looking for.

This company’s offerings do come with a disadvantage, however. Namely, it doesn’t include registered agent services in the first two pricing tiers. This is a drawback compared to some of the company’s competitors, as they provide this service and even charge less for it.

Overall, while it’s possible to save a little by choosing alternatives, MyCompanyWorks is still a solid choice, mainly thanks to its educational resources, organizational features, and other small-business services.