Using a professional service to form your limited liability company (LLC) helps to ensure your business is formed correctly. With so many formation services available, though, it can be difficult to determine the right LLC formation service for your business.
MyCompanyWorks is a popular formation service, but is it the right service for your business? This MyCompanyWorks LLC formation review will help you decide by outlining the pros and cons, pricing, and features of the service as well as how it stacks up against the competition.
What Is MyCompanyWorks?
MyCompanyWorks is an online business formation service that has been assisting entrepreneurs and small business owners since 2001. The company offers a range of services, including LLC formation, corporation formation, registered agent services, and compliance assistance. MyCompanyWorks prides itself on providing a user-friendly platform, affordable pricing, and excellent customer support to help clients navigate the complexities of starting and maintaining a business.
One of the key features of MyCompanyWorks is its LLC formation service, which simplifies the process of creating an LLC for business owners. The company offers various LLC formation packages, each designed to cater to different business needs and budgets. These packages typically include the preparation and filing of formation documents, an Operating Agreement template, and assistance with obtaining an Employer Identification Number (EIN).
Jump Ahead:
Pros and Cons of MyCompanyWorks
Pros
- Lifetime access to their dashboard, vendor network, and discounts.
- Same-business-day processing included in all packages.
- Extensive features included in all plans, including personalized LLC Operating Agreements and organizational minutes.
Cons
- Registered agent service isn’t included with the Basic package.
- More expensive than many competitors.
MyCompanyWorks Alternative: Northwest
Northwest offers reliable LLC formation services at a fraction of the cost, including a free year of registered agent service.
Get StartedMyCompanyWorks Pricing and Features
MyCompanyWorks offers three packages: Basic, Entrepreneur, and Complete. Each of these packages boasts valuable features at varying price points. Below we’ve outlined the key features of each package and their cost.
Basic ($59 + State Fees)
The Basic package includes same-business-day processing, unlimited phone and email support, and a personalized Operating Agreement on top of their LLC formation services.
Entrepreneur ($179 + State Fees)
The Entrepreneur package includes everything in the Basic plan as well as lifetime forms, tax guides, Employer Identification Number (EIN) registration, and registered agent service.
Complete ($259 + State Fees)
The Complete package includes all features included in the Entrepreneur package plus MyCompanyWorks Premium, which includes compliance features, priority support, initial and annual report filing, and more.
MyCompanyWorks Reviews
Unfortunately, MyCompanyWorks doesn’t have many verified customer reviews online. Therefore, it is difficult to determine whether or not customers are satisfied with the product overall. From reviews that are available through reputable websites, such as Trustpilot, these are the notable mentions.
Positive reviews that are available cite satisfaction with the platform overall — specifically the website’s user experience. However, negative reviews focused on high prices as well as issues with tax filing services provided by the company.
MyCompanyWorks Alternatives
Before choosing an LLC formation company, it is important to understand how it compares to other service providers. MyCompanyWorks’ top competitors are Northwest Registered Agent, LegalZoom, and ZenBusiness. Here is how the platform stacks up against these LLC formation services.
MyCompanyWorks vs. Northwest
Northwest Registered Agent is our recommendation for LLC formation services overall. Compared to MyCompanyWorks, Northwest offers more included services, such as free registered agent services for a year, as well as a cheaper LLC formation package overall at just $29 plus state fees.
MyCompanyWorks vs. LegalZoom
LegalZoom is a trusted name in the business formation space. The platform offers a free formation package and, while its paid packages are slightly more expensive than MyCompanyWorks, the company provides access to specialists, attorneys, and insurance agents to ensure your business is compliant and accurately formed.
MyCompanyWorks vs. ZenBusiness
ZenBusiness is a popular LLC formation service. The company does offer a free formation plan, which is appealing compared to MyCompanyWorks’ $59 Basic plan. However, neither service offers registered agent services with their lowest-tier plan and ZenBusiness’s add-on option is significantly more expensive than MyCompanyWorks.
Below, we’ve outlined how each LLC formation service’s most basic package compares to its competitors. Keep in mind, you can obtain an EIN for free from the Internal Revenue Service (IRS). However, if you prefer using a professional service, the cost per service is included within the table below.
| Service | MyCompanyWorks | Northwest | LegalZoom | ZenBusiness |
| LLC Filing | $59 + state fee | $29 + state fee | $0 + state fee | $0 + state fee |
| Registered Agent | $99/year | Free for 1 year | $249/year | $199/year |
| Operating Agreement | Free | Free | $99 | $99 |
| EIN | $59 | $50 | $79 | $99 |
| Total First-Year Cost | $217 + state fee | $79 + state fee | $427 + state fee | $397 + state fee |
The Bottom Line
MyCompanyWorks is a decent option for LLC formation services. While they do not offer free LLC formation services, their lowest-tier plan, Basic, includes a few notable features like Operating Agreement creation and unlimited phone and email support.
One of the biggest drawbacks of this service, however, is that they do not offer registered agent services with their lowest-cost plan unlike competitors like Northwest Registered Agent. Therefore, businesses looking for a comprehensive formation package with registered agent services included will not find it with this provider.
Overall, MyCompanyWorks has competitive pricing for its add-on services and a variety of features included in its formation packages that make it a suitable choice for business owners looking to form their LLC.
Review Methodology
To provide a comprehensive and honest review of MyCompanyWorks, we considered several key factors:
Pricing and Value
Whether a service is worth the asking price is a key consideration for Startup Savant reviews. We reviewed MyCompanyWorks’ pricing compared to features included to determine the value offered to business owners by this provider.
Ease of Use
The usability of a platform is crucial to a seamless, simple formation process. Our reviews take into consideration the ease of use of each platform to ensure entrepreneurs can easily leverage their services — regardless of technical skill.
Customer Support
We seek out services with responsive, knowledgeable customer support offerings as well as evaluate the duration support is provided to customers to ensure entrepreneurs gain access to reliable support.
Customer Reviews and Reputation
Verified customer reviews from reputable sources are key to understanding the user experience of a company and its relationships with customers. We research and review trustworthy customer reviews to determine the overall experience of each service.
Frequently Asked Questions
Is MyCompanyWorks legit?
Yes, MyCompanyWorks is a legitimate company that offers a variety of business services — primarily LLC formation.
What is MyCompanyWorks?
MyCompanyWorks is an online business formation service that was founded in 2001.
Can I start an LLC myself?
Yes, you can start an LLC by filing formation documents with your state independently. However, using an LLC formation service ensures your business is registered correctly in addition to saving you time and hassle.
How much does it cost to form an LLC with MyCompanyWorks?
MyCompanyWorks offers three different LLC formation packages: Basic ($59 + state fees), Entrepreneur ($179 + state fees), and Complete ($259 + State Fees).