Since 2001, MyCompanyWorks has provided LLC formation and other legal services to over 60,000 businesses.
There are dozens of services that will form your LLC online, but MyCompanyWorks has carved out a significant market share in the industry.
Like any company, they have their advantages and disadvantages, which is why this MyCompanyWorks LLC service review outlines everything you need to know before deciding to use their LLC formation services.
Advantages & Disadvantages
Advantages of MyCompanyWorks:
✔ They get excellent feedback from their customers, with nearly perfect average rating scores out of hundreds of online reviews.
✔ MyCompanyWorks returns most phone calls and emails in 20 minutes or less during business hours, while many competitors can take a full business day or longer to get back to you.
✔ Their $79 Basic package includes a personalized LLC operating agreement and organizational minutes, along with a compliance alert system that keeps you informed of important filing deadlines. Not many competitors can match this combination of features in their base-rate LLC service package.
Disadvantages of MyCompanyWorks:
✖ They only include registered agent service in their $279 Complete package, whereas some competitors bundle in a full year of registered agent with any LLC formation service.
✖ As we mentioned before, there are more affordable LLC services available. Other online LLC services charges $40+ less for a very similar offering. (See Top 7 Services)
MyCompanyWorks LLC Packages
Is MyCompanyWorks Good Value? Before we look at the pricing and packages for MyCompanyWorks, let’s outline what good value in an LLC service looks like.
While $79 to form an LLC is certainly fair and less than the cost of hiring an attorney, MyCompanyWorks doesn’t offer nearly as much value compared to other LLC services. For example, with ZenBusiness and IncFile you get 3x more features and end up saving roughly $40 that can be put to good use while starting your business.
MyCompanyWorks offers three different levels of LLC service packages: Basic, Entrepreneur, and Complete. To review the complete details of each package, keep reading for a full breakdown of what you’ll get.
Basic = $79 + State Fee
➢ Preparation and Filing of Your Articles of Organization: These are the documents required by your state of formation to officially form your LLC. MyCompanyWorks will draft these forms and then submit them to your state to create your company.
➢ Name Availability Search: They will search the business database operated by your state of formation in order to determine if your desired business name is available, or if it’s already claimed by another business.
➢ LLC Operating Agreement: This document lays out the ownership structure of your LLC, as well as providing information about how the company will be operated. MyCompanyWorks will draft this custom document for you.
➢ Organizational Minutes: LLCs are not required to take minutes of their meetings, but if you want to, they’ll include custom minutes forms so it’s easier for you to organize your meetings.
➢ Unlimited Phone & Email Support: Some competitors only offer phone support to customers who purchase higher-tier service packages, but MyCompanyWorks provides it to all customers.
➢ Company Alerts: They’ll set up a handy tool for you to keep track of your compliance deadlines and filing requirements. Never miss an important deadline again!
Entrepreneur = $199 + State Fee
Everything from the Basic package, plus…
➢ Federal Tax ID Number (EIN): This is essentially a Social Security Number for your business. An EIN allows you to hire employees, open business bank accounts, pay business taxes, and much more.
➢ LLC Kit and Seal: A symbolic feature that includes a binder with your company’s name on it, along with a decorative seal and some sample forms.
➢ MyCompanyForms Business Forms: More sample documents, with a library of 200+ commonly used business forms that you can customize.
Complete = $279 + State Fee
Everything from the Entrepreneur package, plus…
➢ One Year Registered Agent Service: If you operate an LLC anywhere in America, you must designate a registered agent for your company. This is an individual or a business entity that agrees to receive important document deliveries from the state on your behalf. This is a vital part of any LLC because without a registered agent, the state has no reliable way to contact your business. (Quick Note: you can also get a registered agent service by itself if you need.)
MyCompanyWorks Customer Reviews
MyCompanyWorks is an experienced LLC formation service provider, so it’s no surprise that there’s quite a few customer reviews to be found online. In fact, there’s well over 2,000 individual reviews available.
It’s highly recommended to take the time to skim through some of that feedback yourself, but their customers generally praise the accessibility of their support reps and how valuable their formation packages are.
Long story short, MyCompanyWorks maintains fantastic average scores with their online customer reviews. Most entrepreneurs are quite pleased with their decision to use their LLC formation service.
- Shopper Approved: 4.8 out of 5 stars (2,609 reviews)
- Google: 4.8 out of 5 stars (48 reviews)
We like what MyCompanyWorks has to offer entrepreneurs looking for affordable incorporation services. Still, they may not feel like the right fit for you and there are dozens of companies providing this service in 2019, so if MyCompanyWorks doesn’t feel like the right fit, here are a few other options that may.
ZenBusiness – $39: If getting the most value out of an LLC service is your priority, choose ZenBusiness. They charge $39 for basic LLC formation and include a full year of registered agent services plus customizable operating agreement.
IncFile – $0: One of our other favorite alternatives to MyCompanyWorks is IncFile. IncFile’s starting price point of $0 is fantastic, and that package even includes a full year of registered agent service ― although they don’t include a custom LLC operating agreement like MyCompanyWorks or ZenBusiness does.
Northwest – $79: If neither of these options appeals to you, perhaps you would be more interested in our other favorite service, Northwest Registered Agent. Northwest has the best customer support in the industry, while also providing free registered agent service with all LLC formation packages.
Is MyCompanyWorks Right For You?
In general, MyCompanyWorks is a solid LLC formation service, with far more pros than cons to their services. Here are some guidelines regarding whether it’s a good idea for you to use MyCompanyWorks.
✔ When to Use MyCompanyWorks:
If you place a high value on customer service and client feedback, MyCompanyWorks is a great option. Also, if you want a customized LLC operating agreement, they’re a strong choice.
✖ When NOT to Use MyCompanyWorks:
Need to save a bit more money, or bundle in some more advanced features? There are ways to do that with other business formation services that are equally as reliable.
MyCompanyWorks is a strong contender to provide LLC formation service for your company. As we’ve seen, you can save some money with other options, but there aren’t many arguments to be made against MyCompanyWorks in general.
Frequently Asked Questions
Got questions? We’ve got answers.
Does MyCompanyWorks Offer Any Discounts?
We couldn’t find any active discounts, but MyCompanyWorks offers low enough rates without them.
How Does MyCompanyWorks Compare to Other LLC Services?
As you probably know, there are a lot of online LLC formation services. If you’d like a better idea of how MyCompanyWorks stacks up to the most popular and top rated services, check out our comparison reviews:
Does MyCompanyWorks Have Good Customer Support?
MyCompanyWorks has strong customer service because they keep it all in-house. When you call them, you don’t get transferred to an anonymous call center, you speak with a knowledgeable MyCompanyWorks employee.
Do They Have a Refund Policy?
Depending on the status of your order when you request your refund, you will receive the total order amount minus a $25, $50, or $75 processing fee. Once your documents have been shipped to the state, refunds are no longer available.
Can I Form an LLC on My Own?
You certainly can, and actually quite a few entrepreneurs do form their own LLCs. The issue is that it can be a hassle, especially considering the fact that each state has different rules and regulations regarding LLC formation.
On the other end of the spectrum, you could hire a lawyer to form your company, but that’s going to cost much more money than an online LLC service.
Should I Reserve My LLC Name Before Forming an LLC?
Each state (except Florida) has a way to reserve a business name before forming your entity itself. In general, this is only necessary if you aren’t yet ready to enter the formation process.
If you’re ready to start your business, there’s no reason to reserve your name before forming your LLC with MyCompanyWorks. We will note that certain states (like Alabama) require you to reserve a name before you form your business.
Do They Handle NY Publication or Alabama Name Reservation?
MyCompanyWorks does not offer publication service, but they do pledge to “send you detailed instructions for publishing your LLC” if necessary in your state.
As for the name reservation requirement in Alabama, they specifically note that “we will search and reserve your LLC name for you before sending your documents in for filing.”
Can I Form an LLC Without Physically Being in the United States?
Yes, there is no requirement that you be present in the U.S. when forming an LLC. In fact, you don’t need to be an American citizen or resident to form an LLC either, as foreign nationals are allowed to own and operate LLCs just like American citizens are.
What's the MyCompanyWorks Customer Support Phone Number and Email?
You can contact MyCompanyWorks via phone by calling 800-326-1362. Instead of publishing a specific email address, they have an email contact form on their website.
Once you submit your message, a MyCompanyWorks representative will reach out to you via email as soon as possible.
Does MyCompanyWorks Sell or Share My Information With Third Parties?
MyCompanyWorks does have a few “special offers” listed on their website that involve sharing your information with third parties.
For example, their offer to set up a business bank account requires sharing your info with Bank of America, and their “Free domain name and 1 year hosting” offer requires sharing your info with a web hosting company called InMotion Hosting.
If this is a concern for you and you’d like to use MyCompanyWorks, you can let them know that you want to opt out of their special offers. Otherwise, we recommend Northwest Registered Agent, which doesn’t share your info or have any add-ons.
I’ve Heard LegalZoom Has a Lot of Upsells. Does MyCompanyWorks?
In our opinion, MyCompanyWorks keeps the upsells to a minimum compared to LegalZoom.
Quite a few of their competitors place a considerable amount of pressure on you to buy expensive add-on features that drive your total cost way up, but MyCompanyWorks doesn’t bother us in this regard.
They do have some optional add-ons available, but they’re not pushy about it at all.
How Quickly Does MyCompanyWorks Process LLC Formations?
MyCompanyWorks’ processing times vary depending on your state of formation, but in general they’re a bit quicker than most competitors. If you need to speed up your formation turnaround time, you can upgrade to their expedited service which can reduce your processing time from weeks down to just a few days in some states.
My LLC Needs an EIN. Is It Worth the Extra $49?
This is a tough question to answer without knowing the specific needs of your unique business. We personally enjoy getting an EIN included with our LLC formation, even if it means spending extra to add it on, or to upgrade to a higher level of LLC service.
The convenience of not having to get one ourselves through the IRS is worth it for us, and we like to have our articles of organization and EIN confirmation in the same place. However, we would completely understand if you’d rather save some money and acquire your own EIN from the IRS directly.
Ready to Set Up An LLC?
Set up your LLC with MyCompanyWorks or read our comparison of the top 7 LLC services.