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MyCompanyWorks – Reviews, Strengths, Weaknesses & Ratings

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MyCompanyWorks (formerly MyNewCompany) has been in the business of helping others start and register their LLC, DBA, and any other type of corporation since 2001. Their mission is to make the confusing, expensive, and frustrating experience of LLC registration as effortless and affordable as possible.

In this review, we’re about to take a look at whether that’s actually the case. Do MyCompanyWorks offer the services and features to help you achieve your goal at a competitive price? Do they support you properly during this time and are they a reputable business partner? What do MyCompanyWorks reviews say? Let’s find out!

Today We’ll be Covering MyCompanyWorks and Its:

  • Services 
  • Plans and pricing 
  • Pros and cons 
  • Alternatives 
  • Answers to frequently asked questions
  • And even more

Plans & Pricing

MyCompanyWorks makes use of a 3-tier pricing catalog. The packages are called Basic, Premium, and Complete. Unfortunately, there is no free plan or trial, but the once-off fees are affordable considering what you get. With MyCompanyWorks packages, you unlock more features the more you pay, although you can add on any features not covered in your plan:

Basic Entrepreneur Complete
Free unlimited name availability searches ✔️ ✔️ ✔️
Prepare and file Articles of organization ✔️ ✔️ ✔️
Personalized Organizational Minutes and LLC Agreement ✔️ ✔️ ✔️
The Startup Wizard ✔️ ✔️ ✔️
Obtain Federal Tax ID $49.00 ✔️ ✔️
LLC Kit, Seal, and LLC Member Certificates $69.00 ✔️ ✔️
MyCompanyForms Lifetime Business Forms & Tax Guide $39.00 ✔️ ✔️
Registered Agent Services $99.00/year $99.00/year ✔️
Business License Compliance Package $99.00 $99.00 $99.00
Free Business Startup Funding and Tax Consultation ✔️ ✔️ ✔️
$450 Bank of America Small Business Banking Offer ✔️ ✔️ ✔️

MyCompanyWorks Premium is an extra service that costs $99/year and includes annual report filing, ComplianceLock, e-ledger and certificates, priority support, and 5GB of cloud storage. It’s the ultimate package to help modern businesses offload their compliance activities, so they can focus on their core services.

MyCompanyWorks Key Details

What Do You Need to Know About MyCompanyWorks?

When it comes to helping customers incorporate and form their legal entity, MyCompanyWorks provides an all-inclusive service. Here are some of the highlights:

  • Preparation of Articles of Organization: MyCompanyWorks will gather all the necessary information from you via an interactive Startup Wizard to then advise you on how to properly organize your company. This service is included for free with any business formation package or starts at $79 + any state fees.
  • Filing of Articles of Organization: Both the preparation and the filing of the Articles are included in a single package and MyCompanyWorks will file with the state of your choice.
  • Name Availability Search: Searching and establishing the availability of your name of choice is also offered for free in the same package with the preparation and filing of the Articles.
  • LLC Operating Agreement: As part of the step-by-step checklist when forming your LLC, MyCompanyWorks will create a personalized LLC operating agreement that you will receive in your “Welcome Kit”.
  • Organizational Minutes: Your personalized “Welcome Kit” will also include Organizational Minutes with any package. Premium members also get the ComplianceLock feature to alert you of upcoming compliance due dates and automatically generate and send out Minutes.
  • Customer Support: Customer support is available via the phone or an email/ticketing system. Although support is limited to office hours (Monday to Friday between 07:00 AM and 05:00 PM for email, and 08:00 AM and 04:00 PM for phone support (PST)), there is a 24/7 “check order status” function to see how things are progressing.
  • Guides and knowledge base: You can find step-by-step guides to the entire process on the MyCompanyWorks website. They also provide an extensive knowledge base in the form of an FAQ, as well as a checklist to help ready you for the process. The free guidebook goes through all the steps in detail and includes a discount for MyCompanyWork’s services.
  • ComplianceLock: This 4-in-1 compliance automation service alerts you of important compliance due dates, monitors your company status for active status, generates Minutes of meetings and Consents, and securely stores your compliance-related documents to ensure protection from identity theft. It’s included in the “Premium” subscription which costs $99/year on top of your startup package.
  • Federal Tax ID Number (EIN): Basic package customers can pay an extra $49.90 for MyCompanyWorks to obtain their Federal Tax ID for them while Entrepreneur and Complete package customers get this service for free. While the Internal Revenue Service (IRS) provides this service for free, it’s convenient to skip the hassle of going through the process yourself.
  • MyCompanyWorks provides a modern service that replaces all the paperwork with easy-to-complete checklists and step-by-step guides. While going through the Startup Wizard, you’ll be asked to complete an online form and you can choose to receive your completed documents for free in e-form or in paper copies via mail. If you sign up for the MyCompanyForms service, you get lifetime access to standard business form templates.
  • MyCompanyWorks keeps things classy by stamping items in your LLC welcome kit with decorative seals. This kit includes a gold-embossed, 3-ring company-branded binder, slipcase document protector, custom member certificates, custom LLC seal, and a member transfer ledger. This package costs $69.00 once-off for Basic package customers but is free for Entrepreneur or Complete package customers.
Pros Cons

✔️   Risk-free 90-day 100% satisfaction guarantee refund policy

✖️   No free package

✔️   Automated tools to facilitate the process

✖️   Extra costs for registered agent services and certain other services that some competitors include for free 

✔️   Packages only cost a once-off fee

✔️   Modern, user-friendly experience thanks to checklists and a step-by-step Startup Wizard

Ease of Use

MyCompanyWorks is all about making the formalities of forming a business entity as comfortable and modern as possible. Through their Startup Wizard, they basically take you step-by-step through the entire process, going through a checklist of everything you need to put your paperwork in order and to meet the compliance requirements as you launch your venture.

Signing up goes something like this:

  1. Visit MyCompanyWorks.com, select the plan of your choice, and proceed to the ordering process.
  2. Register on the next page by providing personal contact information, your LLC business name and purpose, the details of your registered agent (if applicable), and adding the relevant members.
  3. After this, you make the payment and receive your order details so that you can track it. 
  4. If submitted before 3 PM your order will be processed the same day. If sent later than 3 PM, it will be processed on the next business day. Once this is done you can log into your account.
  5. That’s all it takes. Once you’re there, you can run the Startup Wizard which will guide you through all the required business forms and compliance procedures.

When MyCompanyWorks has all the necessary information, they will forward it to the relevant state authorities for processing. After receiving it back, they’ll ship your completed order to you within the next business day.

With a modern and friendly user interface, checklists, step-by-step guides, and plenty of informative FAQs, the process is a breeze.

MyCompanyWorks Customer Reviews and Ratings

MyCompanyWorks, Inc. has been a BBB accredited company since 7/28/2004 with a rating of A+. Unfortunately, there aren’t many MyCompanyWorks BBB reviews – only 1 (which is 1-star), which isn’t a large enough sample size to make an evaluation. At least they did respond to the criticism and seem to be active in resolving customer issues.

That being said, they generally receive positive reviews on other sites from professional reviewers with 4+/5 ratings and positive customer comments.

MyCompanyWorks Alternatives

If MyCompanyWorks doesn’t have exactly what you’re looking for, you might want to check out Rocket Lawyer legal services review (has a 7-day free trial), ZenBusiness LLC, or Northwest (both include registered agent services).

Privacy & Security Policy

Throughout your dealings with MyCompanyWorks, you may need to provide personal information, as well as payment details, which is a standard procedure for this type of company. MyCompanyWorks retains the right to keep and use this data for marketing, customer service, and analysis, although they state that they will only keep it for as long as it is necessary. The third-party service, Google Analytics may retain some of your browsing data which you can disable with a browser extension. With ComplianceLock, you’ll also have access to secure storage of all your compliance-related documentation.

Wrap Up

If you’re not just looking for someone to draft and file your LLC registration but a partner to help you through the startup process and to keep your business compliant once you’re on the go, then MyCompanyWorks is just what you’re looking for. Overall, they are one of the most convenient incorporation services online.

MyCompanyWorks can help you register a Limited Liability Company (LLC), DBA, S-Corporation, or C-Corporation with almost 20 years of experience behind them to back up the process.

They also provide great added-value services at extra cost if you decide that it’s something you could benefit from. Starting at $79, MyCompanyWorks is much more affordable than hiring a lawyer while providing full service. Just make sure your package has what you need before putting down your cash.

FAQ

Does MyCompanyWorks offer any discounts?

Currently, MyCompanyWorks offers a $37 discount on their Entrepreneur plan ($162 down from $199) and a $56 discount on their Complete plan ($223 down from $279). You can also occasionally find discount coupons via third-party sites like Retailmenot.com.

What is MyCompanyWorks Refund Policy?

MyCompanyWorks offers an exceptional refund policy. If you’re not 100% satisfied with your service, you have a whole 90 days after making the purchase to claim a refund risk-free. The only fees not refunded are those charged by state authorities, but you will get every cent back that you paid to MyCompanyWorks for their services.

Does MyCompanyWorks offer publication services?

Unfortunately, MyCompanyWorks doesn’t offer any publication services, although it isn’t something offered by every other competitor either.

How long does the LLC process of formation take?

MyCompanyWorks claims that they usually get responses from Limited Liability Company registration applications within 3-6 business days, although it can take longer depending on the state. However, they themselves will process your application the same day (or the next, if you submit after 3 PM) and will complete your order within a day of receiving a reply from the state.

What is MyCompanyWorks’ BBB rating? Is it accredited?

Yes, MyCompanyWorks has been accredited by the BBB since 2004 with a rating of A+. Most MyCompanyWorks reviews agree that it’s a user-friendly and trustworthy service for your business registration needs with generally high scores.