MyCompanyWorks began operating in 2001 and is a registered agent that has completed more than 60,000 LLC transactions since its inception.
MyCompanyWorks is one of dozens of registered agents with a significant market share in the intense competition in the industry. Its services include LLC company formation in all states, various contracts, Apostille services, tax consultancy, EIN service, registered agent service and various legal services for companies.
Brief Summary
Like all LLC service providers, MyCompanyWorks is an agency with its advantages and disadvantages. That's why this review I prepared will help you make an easier decision when getting service through MyCompanyWorks. I tried to summarize everything you need to know before getting an LLC formation service through MyCompanyWorks in this review article. Read on to learn more.
Pros and Cons of MyCompanyWorks
Pros:
✔ MyCompanyWorks is an llc with more than 3,000 customer review scores online, and these scores are generally positive.
✔ MyCompanyWorks is an llc with a history of approximately 20 years as of today. During this time he has launched more than 60,000 successful businesses. There are many companies that are new to the sector and offer high quality LLC services, but their biggest problem is that their roots do not date back to the past. MyCompanyWorks differs from many other competitors thanks to its past experience. In addition, the company has joined forces with Rasi, which has very large capital, so it seems that it will continue to offer services at more aggressive prices.
✔ The $59 entry package includes a personalized operating agreement for free, as well as an alert system that notifies you of important transaction dates. Many competitors do not offer these features in basic packages and charge additional service fees for them, but MyCompanyWorks is very generous in this regard.
✔ Advanced customer support! MyCompanyWorks answers most emails and phones in less than 20 minutes during business hours. While most of its competitors take one business day or longer to get back to you, MyCompanyWorks is ahead of many of its competitors in this regard. Northwest offers fast support just like MyCompanyworks.
Cons:
✖ The biggest shortcoming of MyCompanyWorks is that it does not provide free registered agent service for the first year during LLC formation. It will charge you an extra $99 for this. While many of its competitors offer the first free registered agent service in LLC formation, MyCompanyWorks only provides this in its $279 packages. This situation creates a huge disadvantage for the entrepreneur. Northwest , which offers free registered agent service for the first year, including the address, for a price of $39 .
MyCompanyWorks LLC Company Setup Packages
Does MyCompanyWorks Provide a Good Service?
Before looking at MyCompanyWorks prices and packages, it is necessary to clarify whether it provides a good service. Paying $59 to set up an LLC in Usa is relatively inexpensive compared to the cost of hiring a lawyer or private consultant.
Additionally, compared to other LLC services, MyCompanyWorks does not overwhelm you with additional post-installation services. You will see all offers at the ordering stage, so you do not need to get extra services after installation. In addition, their support systems are much faster and more successful than many companies. By the way, you should also consider that for the first two packages, except for the highest package, you need to pay an additional $99 for the registered agent service.
MyCompanyWorks offers three different LLC service packages: Basic, Entrepreneur and Complete packages. Read on to review the full details of each package and see a full list of what services you'll get at the end of the day.
Basic Package = $59 + State Fee
In the standard LLC setup package you get:
➢ Company name compatibility – availability check: MyCompanyWorks performs a search on the state website to determine if the company name you want to use is already used in your state. If you have chosen a name that has been used before, it will inform you before installation and ask you to change the company name to avoid conflicts.
➢ Preparation and Filing of Company Formation Agreement: They prepare your LLC formation documents and accurately submit them to the state to officially establish your new business entity.
➢ LLC Operating Agreement: Every LLC must have an operating agreement, which is an internal document that outlines how the business will operate. MyCompanyWorks prepares this document on your behalf and submits it for your signature.
➢ Organizational Minutes : LLCs are not required to keep minutes of their meetings, but if you want, you also get special minute forms for free to make it easier for you to organize your meetings.
➢ Unlimited Phone and Email Support : While some competitors only offer phone support to customers who purchase higher-level service packages, MyCompanyWorks provides it to all customers.
➢ Company Alerts : They provide a useful tool for keeping track of your compliance deadlines and filing requirements. Never miss an important deadline again!
Entrepreneur Package = $199 + State Fee
In addition to the Basic package, you will have the following services:
➢ Federal Tax Identification Number (EIN): Most LLCs need an Employer Identification Number for things like filing taxes, hiring employees, having a virtual POS like Stripe, and opening a business bank account. MyCompanyWorks will obtain this number for you from the IRS.
➢ LLC Kit and Seal : It is a symbolic kit that includes a binder with your company name on it, a decorative seal and some sample forms.
➢ MyCompanyForms Business Forms : More sample documents with a library of over 200 commonly used business forms that you can customize.
Complate Package = $279 + State Fee
In addition to the Entrepreneur package you get the following add-on
➢ One Year Registered Agent Service : If you operate an LLC anywhere in the United States, you must appoint a registered agent for your company. These agencies are authorized to receive important documents from the state on your behalf and you are legally obliged to receive service from these agencies. This is crucial for an LLCs because without a registered agent, the government has no reliable way to contact your business. MyCompanyWorks offers this service only in the $279 package. When you choose other packages, this feature is $99.
Customer Comments and Reviews
MyCompanyWorks is an experienced LLC service provider with a long history in the industry, so it's no surprise that it has plenty of customer reviews online. MyCompanyWorks has over 2,000 real user reviews
| Source | Point |
|---|---|
| Shopper Approved (2,964 reviews) | 4.9 out of 5 stars |
| Google (48 reviews) | 4.8 out of 5 stars |
You can also review some of these customer comments and reviews yourself, because the real experiences people have during the LLC formation process are very important. When I personally take a quick look at these reviews, most customers praise the quality of the support team and the value of the in-package services.
Long story short, MyCompanyWorks is an LLC service provider with above-average ratings from customer reviews. Most entrepreneurs seem quite satisfied working with this company during the LLC formation phase
Should You Form an LLC Company in Usa with MyCompanyWorks?
Overall, MyCompanyWorks is a solid, well-formed company with more pros than cons. I have tried to list some of my personal opinions below on whether you should receive service through MyCompanyWorks.
✔ When to Use MyCompanyWorks:
If you care about customer service, a well-formed company and customer reviews, MyCompanyWorks is a good option for you. Also, if you want a customized LLC operating agreement, this is an added advantage for you.
✖ When Not to Use MyCompanyWorks:
If you have a limited budget, you may need to consider different alternatives because the company's smallest package starts from $59. Additionally, if you want to have the reistered agent service free of charge for the first year, MyCompanyWorks does not make this possible. You will have to pay an extra $99 for this service.
If you want more features and services with lower budgets, I recommend you consider Northwest Registered Agent. Because by paying $39 + state filing fee, you get both a free business address, free registered agent service for the first year, and a free operating rating agreement + LLC member license document.
Final Decision and Recommendations
MyCompanyWorks is a large company that is well-formed, reliable and has a history. Their services and customer support are ahead of their competitors. Judging by the comments of users who received service from this company, most of the opinions are positive. However, we can say that it is a negative point for the company that it does not offer a free registered agent service for the first year (it charges an extra $99 for this). The biggest positive is that they offer you a special operating agreement free of charge in the $59 installation package.
If you would like to receive service to establish your LLC company via MyCompanyWorks, you can access their website and make online transactions from this link