Since 2001, MyCompanyWorks (formerly known as My New Company) has provided LLC formation, entity formation, and other bespoke legal services to over one hundred thousand businesses and startup entrepreneurs.
While there are many of formation and “done-for-you” legal services that will form your LLC online today, MyCompanyWorks has established themselves as one of the largest players in the LLC formation service today.
As can be expected there are pros and cons to every LLC formation service, thjs review will outline the specific pros and cons of MyCompanyWorks’ services as well as breaking down each package option to see which choice is best depending on your budget, business size, and goals.
I have had in person experience using this company as well as interviewed dozens of existing customers of My Company Works LLC formation service to put together this review and give a well rounded and detailed review to allow you to make a more informed buying decision.
Advantages & Disadvantages of MyCompanyWorks LLC Formation Service
Advantages of MyCompanyWorks LLC Service:
- Excellent customer reputation and feedback from existing customers and reviews
- Long history and prove track record of consistent success
- Low priced basic option starting at $79 for those starting out on a tight budget
- World Class customer support can same hour turnaround time among help desk calls and live chat
Disadvantages of MyCompanyWorks LLC Service:
- Registered agent service only included in the higher end prices (starting at $279) compared to options like ZenBusiness, IncFile, Swift Filings, and NorthWest Services that include one year free in LLC registration services.
- Not the lowest cost LLC formation service available on the market today
MyCompanyWorks LLC Formation Service Packages & Pricing
MyCompanyWorks offers 3 different main levels of LLC formation services: Basic, Entrepreneur, and Complete.
Basic Package = $79 + State Fee
Prep & Initial Filling of Articles of Incorporation
Articles of Incorporation are required by the state you are filing fin to officially register and form your LLC. MyCompanyWorks service will handle the outline and submission of these articles for your new company.
Company Name Availability Search
MyCompanyWorks will search the state’s business database to make sure your proposed company name is available and not infringing on an existing company’s name.
LLC Operating Agreement
The operating agreement details your company’s ownership structure as well as providing information about the operations of the company. The MyCompanyWorks will draft this document on your behalf to save you time and make sure everything is handled correctly the first time.
Company Organizational Minutes Scheduling
Organizational minutes are not required by most states, but if you choose you can create custom minutes to schedule and organize your business meetings.
Expert Phone & Email Support (Unlimited)
Unlimited phone support available to all customers even at the lower cost clients
Company Alerts & Compliance
Company alerts and monitoring will make sure your business registration stays active.
Entrepreneur Package = $199 + State Fee
Everything from the Basic package, plus…
Federal Tax Employer ID Number Registration (EIN)
An EIN is essentially a social security number for your business that allows you to hire employees and work with suppliers and open business accounts for your business and pay taxes.
LLC Kit & Professional Seal
A professional binder with your companies’ name and decorative seal
MyCompanyForms Sample Business Templates & Forms
Instead of hiring a lawyer and drafting documents from scratch, MyCompanyForms provide you with a library of 200 of the most commonly used forms that you can customize for your needs to save your time and money.
Complete Package = $279 + State Fee
Everything from the Entrepreneur package, plus…
Single Year of Registered Agent Service
If you operate an LLC in any state in America you must assign a registered agent for your company in your specific state. A registered agent is an individual or entity that agrees to receive business documents on behalf of your business. This service can scan documents as they arrive to keep you updated and aware of any lawsuits or items that required immediate responses.
Final Thoughts and Conclusion About MyCompanyWorks LLC Formation Service
In conclusion, MyCompanyWorks is a great choice for beginners just starting their first LLC and more experienced operators looking for a white glove service to spin up a new company efficiently and without errors. MyCompanyWorks is not the lowest cost provider of LLC formation services, however they have provided consistent, high quality services for almost two decades and have some of the highest levels of customer service on the amrket today available to clients of all package levels.
Frequently Asked Questions About MyCompanyWorks LLC Formation Services
Is MyCompanyWorks Legit?
Yes, MyCompanyWorks has been around since 2001 and has served tens of thousands of customers with overwhelmingly positive feedback during that time period.
MyCompanyWorks is known for their excellent customer service and high ratings across reviews around the web.
How is MyCompanyWorks Customer Service?
MyCompanyWorks prides itself in keeping all customer service in house rather than outsourcing to low cost overseas call centers. All call center employees are knowledgable about the packages and are happy to help answer and address any questions or concerns you may have.
How is MyCompanyWorks Refund Policy?
There is a small processing fee of $25, $50, or $75 depending on the status of your order at the time you request a refund. Once your documents have been submitted to your secretary of state orders are no longer eligible for refunds.
Can I Form an LLC on My Own?
Yes you can definitely form your own LLC. However is can be very time consuming and there is a lot of room for errors considering each state differs and laws and regulations.
You can also hire a lawyer rather than use an online service if you would prefer.
Can I Register an EIN on My Own?
Yes you can simply use the IRS online portal to register your own EIN.
How Fast is MyCompanyWorks Turnaround Time?
Turnaround times is highly dependent on the state you are filing in as well as the time of year and business of the government agency at this time.