MyCompanyWorks Review: Would I recommend their LLC services?
I recently started my own LLC and had to go through the normal process of filing my formation documents with the state.
It is possible to do this yourself, however, to make sure that I got it right (I had never started a business before), I looked into using one of the many LLC formation services you can find online.
The initial search was a little confusing I must admit. There’s a lot of companies providing this service and along with the different types of packages they all advertise, it was difficult to know which to go for.
In the end, I opted for MyCompanyWorks because I came across a lot of positive customer reviews and the price was good.
In this review I am going to give you the lowdown on my experience and whether ultimately I would recommend MyCompanyWorks to others looking to start an LLC.
Who are MyCompanyWorks?
MyCompanyWorks is one of the older LLC formation services out there, having started back in 2001.
They boast having helped over 60,000 businesses over the last 18 years and are still going strong from a market share point of view; these guys continue to get a lot of clients if the number of online reviews is anything to go by.
They are also one of the larger online LLC formation services, with a head office in Las Vegas.
Their mission statement: “We empower entrepreneurs and their advisors by making starting and running a business, faster, easier and less expensive,” is pretty much spot on.
The process was simple and efficient in my experience, but more on that later.
The 3 MyCompanyWorks LLC Packages
During my research into what LLC service to use, I did get a little confused about the nature of the different packages available.
I was on a budget and I didn’t know if a basic package would suit my needs, (and the last thing I wanted to do was end up paying more for additional services after the fact).
As with the majority of the services available online, MyCompanyWorks provide 3 packages of LLC formation; basic, entrepreneur and complete.
What I liked about the packages here is that the basic did seem more comprehensive than a lot of the competition. It was also in my price range and is the one I actually went for.
Let’s take a closer look as to what’s on offer:
The Pros and Cons of Using MyCompanyWorks
1. Very responsive customer support
MyCompanyWorks has a dedicated support staff that is very helpful and responsive. You can expect an email reply to any issue you might have within 30 minutes (during business hours).
The few phone calls I had to make had an operator at the other end that was able to answer my questions right off the bat.
I was extremely impressed with this part of the service, especially as I only opted for the basic package.
2. A comprehensive basic package (to a degree)
That $79 Basic package is full of features that does better the competition.
Having a personalized LLC operating agreement, as well as thos organizational minutes is a very nice touch.
The compliance alert system is especially useful too.
However, after later realizing that I needed to purchase a year’s registered agent service on top did take the wind out of my sails.
My budget was tight; I honestly would’ve gone with a competitor had I realized.
3. Excellent Customer Feedback
There’s no denying that the service is professional. Everything was organized and smooth running.
This is why the company continues to get excellent feedback online
4. 100% satisfaction or your money back
Another reason customers love it. If you are not 100% satisfied, you will get your money back.
You might ask whether I did this in regards to being disappointed at having to pay extra for the registered agent service. However, I do put this down to my lack of research.
I could hardly blame the company for that. The packages clearly state what they provide, I just didn’t know that the agency aspect was a legal necessity for LLCs
The cons of using MyCompanyWorks
1. The free registered agent service is only on the top tier package
Okay, I am starting to bore myself with this. You get the picture, the basic package doesn’t seem so great once you realize that this is not included.
2. Overall price points
Although you do get very responsive customer service, and the process of having your LLC filed and formed with MyCompanyWorks is painless, there are definitely cheaper options available.
- Related Content: CorpNet Review: What the Vault50 readers have to say
MyCompanyWorks: What the internet says?
There is no shortage of customer reviews online for MyCompanyWorks. They are a large provider that have been around for a number of years after all.
With over 2,000 individual reviews you’ll have your work cut out reading them all.
However, the stats speak for themselves; this is a popular LLC formation service.
MyCompanyWorks is a high-quality service that has a basic package with a lot of great features.
However, the fact you have to cough-up for the complete package in order to get the 1-year registered agent service is a bone of contention for me.
It’s all very well including operating agreements and such like, but discovering that competing providers will give you that all-important agency service free for a year, made me a little bitter, (can you tell 🙂 )
So, if you have the budget, go for the complete. You’ll get everything you need and the service is top-notch.
If however, you are on a budget, there are better options available.
The two main service providers I would recommend instead of MyCompanyWorks would be IncFile and Northwest Registered Agent.
I am aware that other contributory writers for Vault50 have had their say on these services (follow the links above for that).
If you are on a tighter budget, these LLC formation services will certainly fit the bill.
IncFile vs MyCompanyWorks
The best budget LLC service as awarded here is IncFile.
In hindsight, I should have opted for them. At $49 for the basic package, you get the fundamental drafting and submission of your formation documents, plus a company name search.
BUT, you also get a year’s registered agent service thrown in.
I would have still had to contact the IRS for the EIN mind you, and I didn’t get the various documents that MyCompanyWorks includes on their basic package.
Northwest Registered Agent vs MyCompanyWorks
Here they gained an extra nod for great customer service, (although I have no complaints with MyCompanyWorks in this regard).
Northwest is more expensive than IncFile, and very closely priced to MyCompanyWorks, however, they too provide free registered agent service with all their LLC formation packages.