MyCompanyWorks Incorporation Service Review 2021:- ( Pros, Cons)

MyCompanyWorks is an online service provider for incorporation, LLC formation, and other business-related services.

Like any other business formation service provider MyCompanyWorks has its unique service quality and offerings in its field.

This MyCompanyWorks review has provided every detail that you want to know about their services, their advantages and disadvantages, their specialties and downfalls, uniqueness and commonness, support system, and website provisions.

MyCompanyWorks is one among many that can fulfill your business requirements online with ease and get your job done as you prefer.

But how does it stand out of the crowd, if it stands out at all? What do the existing customers say about the company? How to start a business and move forward with the help of MyCompanyWorks?

Why should one choose MyCompanyWorks over other business service providers? What are the reasons to not choose MyCompanyWorks? Is it worth the time and money that you put into it?

This MyCompanyWorks review article will answer it for you.

The following topics each explain everything about MyCompanyWorks, from its background to its present service quality.

About MyCompanyWorks

MyCompanyWorks, formerly known as MyNewCompany, was founded in 2001 and has formed more than 60,000 businesses in the US in all 50 states. It provides online business formation services at a low cost.

Moreover, MyCompanyWorks' goal is to provide services to make the process of starting a business more comfortable, faster, and less expensive.

They've mentioned their mission statement on their website: 'we empower entrepreneurs by making, starting, and running a business faster, easier, and less expensive.'

Firstly, MyCompanyWorks, based in Las Vegas, serving business owners and all 50 states, is a noticeable service provider on business formation in the US.

Even though, in comparison, it is not in the top base of best llc service providers, it still has an excellent reputation.

This MyCompanyWorks review has covered everything you would need to know about this company to decide if it's right for you.

Packages

mycompanyworks packages

A 100% satisfaction guarantee backs MyCompanyWork's business formation service packages.

The three packages are a basic, entrepreneur, and complete. Below is the detailed information about the services included in each package.

Basic

The basic package starts from $79 plus the state fee.

The services included in this package are

  1. 1
    Unlimited name availability search.
  2. 2
    Prepare and file Articles of Organization.
  3. 3
    Personalized organizational minutes.
  4. 4
    Personalized LLC operating agreement.
  5. 5
    Online order tracking and status updates.
  6. 6
    Same business day processing.
  7. 7
    Auditing order for compliance and spelling.
  8. 8
    Unlimited phone and email support.
  9. 9
    The new LLC handbook.
  10. 10
    The startup wizard.
  11. 11
    Free company alerts.
  12. 12
    Access to scanned documents online.
  13. 13
    Free ebook titled Startups Made Simple.
  14. 14
    Lifetime access to my account.
  15. 15
    Free business tax consultation.
  16. 16
    The free domain name and one-year hosting offer.
  17. 17
    Free startup business funding consultation.
  18. 18
    Delay filing to 2021.
  19. 19
    $450 Bank Of America business banking offer.
  20. 20
    Standard filing that can take 3 to 5 business days.
  21. 21
    Free e-delivery.

Services that you can claim for an additional cost are

  1. 1
    Federal Tax ID for $49.
  2. 2
    LLC kit, seal, and member certificates for $104.
  3. 3
    MyCompanyForms lifetime business forms and tax guide for $39.
  4. 4
    Registered Agent service for $99 per year.
  5. 5
    Business license compliance package for $99.
  6. 6
    MyCompanyWorks premium for $99 per year.
  7. 7
    Rush filing service, which can take one to two business days, can be obtained for $20.
  8. 8
    Delivery via first-class mail costs $9.
  9. 9
    FedEx air delivery costs $29.
  10. 10
    USPS international shipping costs $89.

Entrepreneur

The entrepreneur package starts from $227 plus the state fee.

The services included under the package are

  1. 1
    Unlimited name availability search.
  2. 2
    Prepare and file Articles of Organization.
  3. 3
    Personalized organizational minutes.
  4. 4
    Personalized LLC operating agreement.
  5. 5
    Online order tracking and status updates.
  6. 6
    Same business day processing.
  7. 7
    Auditing order for compliance and spelling.
  8. 8
    Unlimited phone and email support.
  9. 9
    The new LLC handbook.
  10. 10
    The startup wizard.
  11. 11
    Free company alerts.
  12. 12
    Access to scanned documents online.
  13. 13
    Free ebook titled Startups Made Simple.
  14. 14
    Lifetime access to my account.
  15. 15
    Free business tax consultation.
  16. 16
    The free domain name and one-year hosting offer.
  17. 17
    Free startup business funding consultation.
  18. 18
    Delay filing to 2021.
  19. 19
    $450 Bank Of America business banking offer.
  20. 20
    Standard filing that can take 3 to 5 business days.
  21. 21
    Free e-delivery.
  22. 22
    Federal Tax ID.
  23. 23
    LLC kit, seal, and member certificate.
  24. 24
    MyCompanyForms lifetime business forms and tax guide.

Services that you can claim for an additional cost are

  1. 1
    Registered Agent service for $99 per year.
  2. 2
    Business license compliance package for $99.
  3. 3
    MyCompanyWorks premium for $99 per year.
  4. 4
    Rush filing service, which can take one to two business days, can be obtained for $20.
  5. 5
    Delivery via first-class mail costs $9.
  6. 6
    FedEx air delivery costs $29.
  7. 7
    USPS international shipping costs $89.

Complete

MyCompanyWork's Complete package starts from $307 plus the state fee.

The services offered in this package, at no extra cost, are

  1. 1
    Unlimited name availability search.
  2. 2
    Prepare and file Articles of Organization.
  3. 3
    Personalized organizational minutes.
  4. 4
    Personalized LLC operating agreement.
  5. 5
    Online order tracking and status updates.
  6. 6
    Same business day processing.
  7. 7
    Auditing order for compliance and spelling.
  8. 8
    Unlimited phone and email support.
  9. 9
    The new LLC handbook.
  10. 10
    The startup wizard.
  11. 11
    Free company alerts.
  12. 12
    Access to scanned documents online.
  13. 13
    Free ebook titled Startups Made Simple.
  14. 14
    Lifetime access to my account.
  15. 15
    Free business tax consultation.
  16. 16
    The free domain name and one-year hosting offer.
  17. 17
    Free startup business funding consultation.
  18. 18
    Delay filing to 2021.
  19. 19
    $450 Bank Of America business banking offer.
  20. 20
    Standard filing that can take 3 to 5 business days.
  21. 21
    Free e-delivery.
  22. 22
    Federal Tax ID.
  23. 23
    LLC kit, seal, and member certificate.
  24. 24
    MyCompanyForms lifetime business forms and tax guide.
  25. 25
    Registered Agent service.

Services that you can claim for an additional cost are

  1. 1
    Business license compliance package for $99.
  2. 2
    MyCompanyWorks premium for $99 per year.
  3. 3
    Rush filing service, which can take one to two business days, can be obtained for $20.
  4. 4
    Delivery via first-class mail costs $9.
  5. 5
    FedEx air delivery costs $29.
  6. 6
    USPS international shipping costs $89.

Pros and Cons

Any service provider will have its advantages as well as disadvantages. Below are the advantages and disadvantages of MyCompanyWorks.

  • MyCompanyWorks provides a personalized LLC operating agreement and organizational minutes under the basic package itself.
  • They also offer free company alerts to send you email notices when your business has to file its annual reports.
  • They provide unlimited customer support via phone and email
  • You can also choose to get free business tax consultation, free domain name, and a one-year hosting offer in the basic package.
  • The basic package also covers a free startup business funding consultation and free e-delivery.
  • Furthermore, They have excellent customer support. They don't keep you waiting for a long time to get a response. They take as little as 10 to 20 minutes to revert your support request during their work hours.
  • MyCompanyWorks has excellent customer reviews that keep them in the clear.
  • Their packages back up a 100% satisfaction guarantee, which means they'll resolve any issues for your satisfaction.
  • Additionally, they also process your orders the same day regardless of the package that you choose.
  • Notably, MyCompanyWorks even provides a startup wizard, which is an online interactive checklist for your startup. You can personalize your state and business entity. The startup checklist provides a step-by-step guide for your business formation right from the beginning to the end.
  • They do not provide Registered Agent services in the basic package and entrepreneur package for the base price as some of their LLC competitors do cover it in all their packages.

  • The packages can be a little on the expensive side.

Features and Services

Website provisions

Start a company

To start a company, MyCompanyWorks wants you to pick an entity, choose a state, and your price and package. You can form an LLC or a corporation or S corporation. They offer,

  • 100% satisfaction guarantee.
  • Free delivery.
  • The startup wizard.
  • Same business day processing.
  • My Account dashboard.
  • Lifetime company alert.
  • Online order tracking.
  • Superior service etc.

Manage a company

To manage your company, they offer MyCompanyWorks premium to automate your company vendor network, which is a list of trusted vendors you can look into, and few other additional services to manage a company which includes,

  • Amendments.
  • Annual report.
  • Apostilles.
  • Certificate of Good Standing.
  • Certified copy.
  • ComplianceLock.
  • Corporate kits and seals.
  • Dissolution.
  • DBA/fictitious name.
  • Foreign qualification.
  • Mail forwarding.
  • MyCompanyForms.
  • Registered Agent.
  • Nevada virtual office.
  • Wyoming virtual office.
  • Business license.

They have also provided various information resources to help you guide your process.

Customer support

MyCompanyWorks has a dedicated help column that provides information about how to contact their support team.

You can send an email from MyCompanyWorks' web page itself. They have provided a separate space for you to enter your name, email, subject, and your message to send directly to the support team right from the same page. They've also provided contact numbers to get help, which are 8003261362, 702622677.

Likewise, MyCompanyWorks' support team can be reached from Monday through Friday 8 AM to 4 PM via phone and 7 AM to 5 PM via email.

They are usually closed on federal holidays, which means you can't reach customer service support on federal holidays.

You can also type and search your question or concern in their Help Center column. MyCompanyWorks will try and find article links related to your question.

Customer Reviews

zenbusiness customer reviews

MyCompanyWorks' customer review on shopperapproved.com website is 4.9 out of five stars based on 3430 ratings where 2987 reviews are five stars, which comprises 87.1% of the total reviews.

I found an insane amount of excellent five-star reviews, as star rating suggests.

mycompanyworks customer review
  • The most recent review is a five-star review saying 'awesome and super fast.'

Few other five-star reviews stated,

mycompanyworks customer reviews
mycompanyworks customer reviews

I found no one-star review on the shopperapproved.com website for this company.

Even the few negative reviews were posted with only three-star ratings, mentioned few positives, and the negatives, proving that MyCompanyWorks has many positives to it, more than the negatives.

MyCorporation Deals & Coupons

MyCompanyWorks doesn't have a lot of deals and discounts for its customers. But I did find a couple of discounts around the internet, which may or may not be still applicable. One can only try to know it for sure.

You can apply a coupon code STARTUP10 for a 10% discount on your business formation service.

They officially offered a 20% discount until the quarantine is over with the code COVID. 

Frequently Asked Questions

1.What is the startup wizard?

The startup wizard is an exclusive interactive startup checklist.
You can find a personalized guide for a step by step process to figure out what you need to do to organize your company in your state after being formed in your state, free with every business formation package. You don't have to learn what your next step should be.

2.What is MyCompanyForms?

MyCompanyForms are forms that can be accessed throughout your lifetime to keep your company organized and to date. They have over 200 forms that are updated regularly.

These forms include business forms library, startup, maintenance checklist, minutes and resolutions library, and entity-specific tax forms.

It also provides a tax guide to help you determine the taxes that you have to pay and links to all 50 states tax forms.

3.What is the $450 Bank of America Small Business Banking offer?

It offers a bonus of up to 450 dollars with a new small business checking account, credit card, and bill pay.

When you open a new checking account from the bank of America and make deposits of a thousand dollars or more within the first 60 days, you will earn $100.

When you pay a minimum of two bills through Bill pay within the first 60 days, you will earn another $50.

When you get approval for a Bank Of America small business credit card and make at least $3000 in new net purchase within 90 days, you will earn an additional $300 statement credit.

It is available to clients who receive the offer via direct communication from Bank of America and is valid till December 31, 2020.

4.What is the delayed filing to 2021?

Delay filing 2021 will help you avoid paying state franchise taxes and other tax paperwork for the year 2020 because they won't file your company until 2021 effectively.

Here, MyCompanyWorks will either file your formation paper works now with a delayed date of first January 2021 (your business will not be effective till then).

Or hold your paid order and send it to the state the first business day of the year.

5.What is MyCompanyWorks premium?

MyCompanyWorks premium is an exclusive service where your company's compliance and security is on autopilot mode.

It means you don't have to worry about maintaining compliance like tracking company ownership, filing annual reports, etc.

The premium includes annual report service. Here MyCompanyWorks will check, prepare, and file your annual report, automatically generate meeting minutes, concerns, and resolutions.

They'll also automatically generate your annual meetings, create an unlimited amount of custom alerts, alerts of important compliance tasks, add multiple recipients, etc.

They also provide business entity monitoring by regularly dealing with your company status to ensure good standing with unlimited status check requests and fix-it service to help you get it back in good standing.

MyCompanyForms offers more than 200 business and tax forms and an e-ledger to track your company's ownership over time. It also has e-certificates to show ownership in PDF files, priority support via phone and email to respond under two business hours.

6.Can I add or remove a member of an LLC? If yes, how?

Yes, it is possible. An organizational meeting and operating agreement can address it. The operating agreement should have these steps for adding or removing members in writing. 

After getting everybody signed in that document from the organizational meeting, you will have to file an updated annual report to notify the change. 

MyCompanyWorks provides annual report filing, which you can make use of in such cases.

7.When do I need a DBA or fictitious name?

If you want your company to work under a different name, you will need to file a DBA. MyCompanyWorks provides a DBA filing service that you can use.

8.Is it possible to dissolve my LLC?

Yes, LLC dissolution is possible in 2 easy steps. If you need to dissolve your LLC, you will have to file Articles Of Dissolution with the state and take
any money that is available in the company and returns it to the members.

After this, you will notify the IRS and other government agencies and vendors that your LLC is closed and will not operate anymore. MyCompanyWorks provides an Article Of Dissolution service.

They'll file your dissolution documents with the state and provide a checklist of tasks to shut down your LLC completely.

9.What is MyCompanyWorks' refund policy?

MyCompanyWorks only gives a limited time to request a refund because their refund window disappears right after submitting your formation documents to the state.

Depending on the period that you take to request your refund, they charge a processing fee from 25 to $75.

Conclusion

MyCompanyWorks can be a bit too expensive for some of us, but, still one can undoubtedly choose to go with MyCompanyWorks.com for their amazingly responsive customer support service and heavily positive customer feedback.

Negatives for any company at all are inevitable.

But, assistance is available at the end of the day. More than that, it depends on your requirement as it provides various essential and helpful services that are requisite for any business formation service.

Their free personalized organizational minutes and operating agreement are a huge highlight.

Especially, MyCompanyWorks' startup wizard is undoubtedly the most useful that can be obtained for free regardless of the package you choose.

Set your goals and priorities and jot them down. Compare it with our MyCompanyWorks review article, with the services and the price demanded of the service.

You will immediately know if it is worth spending when you compare it with your obligations.

author james
Co-founder & Writer

About James

After Finishing My Master of Laws (L.L.M.) in the University of Columbia. My friends and I decided to start an LLC. At that time, we were more insulted and disrespected by many people because we have the only idea but not proper Knowledge on how to start a business legally. So then, after knowing completely about each process, we decided to help others like us online then we started this site LLC.tips. Read More

Leave a Comment