My Company Works Review
Overall Score: #3
My Company Works (formerly known as My New Company) received 4.5 stars in our review process. You can view our in-depth My Company Works review below. Or, click the button below to view a side-by-side comparison of the 5 best online business incorporation and business formation websites.
My Company Works charges a $79 base rate for forming an LLC or corporation. Their complete packages start at $239 – $279. Like all business formation websites, these costs do not include state filing fees. My Company Works’s base pricing is right in the middle of the providers we reviewed in our comparison chart — $30 more than the lowest-priced competitor, Incfile, and $20 less than BizFilings or LegalZoom. Its high-end pricing also falls in the middle. It will cost you $45 extra to obtain an FEIN, and $25 if you elect to become an S-Corp. Registered Agent Service can be provided for an additional $49/year.
Forming your new business is quick with My Company Works. They process most orders by the next business day. However, the company’s website notes that some states take longer than others to process the paperwork. They do offer expedited services, such as overnight shipping and additional fees paid to the state to speed up processing.
Ease of Use
My Company Works’s tagline is “Startups Made Simple,” and the company emphasizes ease of use. Their three steps include (1) selecting a company type and state, (2) filling out an online form, and (3) receiving your filed paperwork. This is all fairly easy, but it may take some reading and scrolling to find the right places to click and complete all the required steps. My Company Works provides a lot of useful information about the differences between various company types, and how to choose. This can be very helpful to soon-to-be business owners seeking more information, but we can see how it could also be a bit overwhelming. However, more information is certainly better than less. Once you select your business type and click the “Order Now” button, it’s pretty easy to follow the prompts through to complete your order.
Neat Feature #1: ComplianceLock
For $8 a month, you can add ComplianceLock, a neat feature that can help new companies maintain compliance. Customers who add this feature will get email and text messages about important compliance due dates, as well as automatically generated meeting minutes, which you can sign with one click. Your company will also be monitored for corporate identity theft.
Neat Feature #2: Business Credit Wizard
For an additional fee of $149.00, you can purchase My Company Works’s Business Credit Wizard, a proprietary system for building business credit.
Neat Feature #3: Free Annual Report Alerts
Each year the business needs to file an annual report or your business could be terminated. My Company Works will provide you with a simple reminder each year around filing time. What a great idea…and its free!
Neat Feature #4: Free Handbook
My Company Works provides it’s customers with a 23-page guide will help you understand, maintain and, if necessary, change or close your corporation. The topics include:
- Overview of Your Corporation
- How to Issue Stock
- The Corporate Players: Shareholders, Directors and Officers
- Understanding Corporate Formalities
- The Meetings
- How to Hold the Meetings
- What are Resolutions?
- What are Minutes?
- Organizational Meeting Instructions
- Actions that Require a Meeting or Resolution
- Maintaining Corporate Records
- 9 Steps to Maintaining Corporate Compliance
- Yearly Corporation Maintenance Checklist
- Taxes Corporations Have to Pay
- Taking Money Out of Your Corporation
- How to Make Changes to Your Corporation
- Closing Your Corporation
Support is available by phone or e-mail, with direct and toll-free numbers, Monday – Friday, 8:00 a.m. to 5:00 p.m. PST. My Company Works also has an online Support Center, with answers to frequently asked questions, and a categorized knowledgebase. They claim to respond to most of our emails within 10-20 minutes.
My Company Works does not provide attorney support — but if they did, they might not be able to offer such a low price. They do include a link on their website to professional legal services, pointing customers toward resources to find a lawyer online.
Business law can vary from state to state, so it’s important to select a provider that supports your state’s legal process. My Company Works provides new business formation services for all 50 states.
If you click on the company’s “All Services” tab, you can get a complete listing of the services the company provides — and brace yourself, because there are many. You can get your own domain name, file a trademark, sign up for merchant account services (the ability to accept credit cards), and more. However, some of the listed services are not actually provided by My Company Works. For example, their Automated Payroll Service links to Intuit’s website.
My Company Works Reviews and Testimonials
There are dozens of positive customer testimonials and verified reviews on the My Company Works website. The company also boasts a 98% customer approval rate.
My Company Works has an A+ BBB rating, and it has been BBB-Accredited since July 29, 2004.
When conducting our My Company Works review, we found 0 complaints on the Better Business Bureau’s website for the last three years. This is quite impressive, as most of the BBB-listed online legal service providers we review have at least one or two registered complaints.
A 100% Satisfaction Guarantee is included with any My Company Works order. According to the company’s policy, if you’re not satisfied after receiving your completed order, you may choose either a refund or correction of the issue.
In Business Since
Since 2001, My Company Works has helped its customers to form over 40,000 Corporations and LLCs.
The My Company Works website is protected by GeoTrust, delivering 256-bit encryption and third-party website identity validation. The website has a valid SSL certificate, meaning that all communications between your browser and its web servers are private and secure.
My Company Works appears to be a good choice for online business incorporation, which is why it ranked in our top five. Really, the only negative factor might be that the site has so much information, it might become a bit overcomplicated to use. However, this is probably just part of the website’s search engine optimization strategy.
Overall, we would recommend My Company Works as a good choice for online business incorporation, due to its low price (which became even lower with new My Company Works promo code above), abundant neat features, high BBB ranking, and lack of customer complaints.