Key Takeaways
- MyCompanyWorks’ business formation starts at $79 plus state fees.
- DBA filing starts at $119, offering a fast way to register a trade name.
- Annual reports and amendments can be handled starting at $49, making updates easier.
- Business dissolution services are available from $99 to help avoid penalties.
- Virtual office options start at $39/month but are limited to select states.
- International entrepreneurs can form a U.S. company remotely for $297 plus state fees.
- EntityMachine™ API lets platforms white-label business formation services.
- Customer reviews are limited, but BBB ratings and complaint volume suggest solid service.
In the spirit of exploring potentially helpful offers for business owners, MyCompanyWorks recently appeared on our list of best registered agents. But, that’s not all they offer. If you need LLC formation, incorporation services, or even business dissolution, MyCompanyWorks should probably be on your shortlist.
But, before you sign up, you should know what you’re in for. Here, we break down everything you need to know about MyCompany works and how they might be able to help you. Find out if they’re the right fit or if you should look at other offers instead.
This is what’s in store:
- What is MyCompanyWorks?
- What Does MyCompanyWorks Do?
- Frequently Asked Questions
- Conclusion: Is MyCompanyWorks Legit?
Now, let’s dive in!
What is MyCompanyWorks?
MyCompanyWorks is a business services offering that helps owners start and manage their companies. With services from business formation and licensing to annual reports, updates, and dissolution, they offer support in all 50 states.
Since 2001, they have reportedly helped tens of thousands of businesses with:
- Entity type selection
- Corporation and S-Corp formation
- LLC formation
- DBA filing
- Virtual office hosting
- International business registration
- More
If you need one or more of the above, then you may want to read on.
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How Much Does MyCompanyWorks Cost?
MyCompanyWorks offers business formation services with pricing that varies based on the type of service and package selected:
- LLC and Corporation formation: Starts at $79 plus state fees
- DBA (Doing Business As) filing: Starts at $119 plus state fees
While some competitors advertise “free” LLC formation services, these often exclude essential features or add costs for items like EIN acquisition, operating agreements, or compliance tools. MyCompanyWorks includes several of these in its base packages.
For ongoing compliance support, MyCompanyWorks offers a “Premium” service at $139 per year. This includes features like annual report filing (excluding state fees), meeting minutes generation, compliance alerts, and document storage.
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Company Overview
MyCompanyWorks, Inc., originally known as MyNewCompany.com, Inc., is a Nevada-based corporation that was originally established in 2001 by Matt Knee. The company is currently active and in good standing (no compliance holds) in their state.
Since the company’s acquisition in 2021, Knee (educated in history and business administration) has stayed on as the Vice President of Entrepreneurial Services. So, leadership has been consistent for over two decades.
When compared to competitors like LegalZoom, Bizee, ZenBusiness, and Northwest Registered Agent, customer reviews for MyCompanyWorks on Trustpilot aren’t awesome.
But (in their defense), their profile is unclaimed and they’ve only got 4 total reviews compared to platforms with hundreds or tens of thousands of reviews. So, this may not be a good metric to analyze.
Not to mention, the second lowest-rated on Trustpilot is Northwest Registered Agent, which, in my experience gets the most incorporation service recommendations on Reddit.
And, if you want to explore the name change to see if you can get a better idea of what previous users have to say, you won’t have better luck. MyNewCompany.com doesn’t have any Trustpilot reviews.
Still, according to the Better Business Bureau (BBB), they have the lowest number of complaints (only 2 complaints in 3 years) that I’ve ever seen and an A+ BBB rating.
In all, for a company that’s been around for almost 25 years, these trust signals are pretty strong. I might assume that they don’t have a ton of reviews because they simply don’t ask for them. I think people are a lot more likely to take time to write about an offer if they are unhappy than if they’re satisfied.
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What Does MyCompanyWorks Do?
So you can decide if this might be the offer for you, let’s take a closer look at what MyCompanyWorks actually does—service by service.
1. File DBAs & Form LLCs, S-Corps, and C-Corps
MyCompanyWorks offers fast and affordable help with setting up a new business. You can form an LLC, S-Corporation, or C-Corporation starting at $79 plus state fees, depending on the business structure you choose. If you need to file a Doing Business As (DBA) or Assumed Name, services start at $119 plus state fees.
Every formation package includes a business name availability search to make sure your name is not already taken—They also prepare all key documents and file them with your state’s corporate division.
LLC packages include an Operating Agreement template while corporation packages include Bylaws and Initial Resolutions. Some competitors split these features into higher-cost tiers, but MyCompanyWorks includes most basics up front. Overall, they can help you get set up legally and quickly, without hidden fees stacked into the base package.
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2. Obtain Business Licenses
Figuring out which business licenses and permits you need can feel overwhelming. MyCompanyWorks can simplify this with a Business License Compliance Package for $99. After answering a few questions about your company, location, and industry, you receive a detailed report.
The report will list all required licenses and permits at the federal, state, county, and city levels.
Depending on your industry, licenses can include:
- General business licenses
- Professional licenses
- Tax registrations
- Health department permits
While other providers sometimes bundle this service into pricier compliance packages, MyCompanyWorks lets you purchase it separately if you want. This can help avoid missed paperwork and costly penalties later (You can also use this service even if you formed your business elsewhere.).
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3. Update Company Changes & File Annual Reports
Business information sometimes needs to change after formation—Whether you move to a new address, add or remove owners, or update your company’s name, states require you to officially update your records.
MyCompanyWorks offers Amendment Filing Services that start at $49 plus state fees to help you stay compliant. Their team prepares and submits the correct forms to the state on your behalf.
This covers common updates like changes to your:
- Business address
- Registered agent
- Membership structure
- Management team
They also offer annual report filing services that start at $99 plus state fees. Many states require businesses to file annual reports to confirm that their information is up to date. MyCompanyWorks can also send reminders about upcoming deadlines.
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4. Dissolve Businesses
Sometimes, unfortunately, the best business decision is to close up shop. MyCompanyWorks offers business dissolution services that start at $99 plus state fees to help you officially and properly shut down your company.
Simply stopping operations without filing dissolution paperwork can create headaches later. Your business could still owe state fees, taxes, or even be sued if left open. When you use MyCompanyWorks, they prepare and file Articles of Dissolution or the equivalent paperwork for your state.
They also include simple instructions to help you:
- Cancel permits
- Close tax accounts
- Fully wrap up your business affairs
Dissolution services are available for LLCs, corporations, and even nonprofits.
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5. Register International Companies
MyCompanyWorks can help make it possible for non-U.S. residents to own and operate a U.S.-based business. Their international formation package starts at $297 plus state fees.
This package includes everything a foreign entrepreneur needs to launch an LLC or corporation legally in the United States.
It comes with:
- Business formation services
- A free Registered Agent for the first year
- Help obtaining an EIN (Employer Identification Number)
When opening an international business is one of the few times I recommend you use a service because the process can be tricky to apply for when you’re not U.S.-based.
By offering a one-stop setup solution, MyCompanyWorks helps international clients avoid confusion about U.S. paperwork, meanwhile never stepping foot into the country.
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6. Host Virtual Offices
If you need a U.S. business address, but don’t want to rent pricey office space, MyCompanyWorks offers a virtual office service starting at $39 per month. You get a professional-looking address you can use to register your business, receive mail, and show up better on marketing materials.
They collect your mail at that address and forward it to you wherever you are. Some plans also include a U.S. phone number with a live receptionist to answer calls for your business.
This setup works well if you’re running things from home, working remotely, or managing a business from outside the U.S. It can help you look more established without a lot of overhead (and it keeps your personal address off the public record).
That said, the service is only available in:
- Nevada
- California
- Delaware
- Maryland
- New York
- Texas
- Wyoming
If you need to register your business in a different state, this won’t check all the boxes. So it can be a smart option, but only if it fits your specific setup.
Recommended: What is a Virtual Address for Business? (+Do You Need One?)
7. Share Their API With Partners
MyCompanyWorks offers a white-label API called EntityMachine™ that lets you offer business formation services under your own brand.
It’s built for platforms like:
- SaaS tools
- Banks
- Websites
- Other business services
Anyone who wants to keep users on their own site while still offering things like LLC or corporation setup might find it useful.
Instead of sending people off to a third-party service, you can plug the formation process right into your own platform. The API handles everything, from taking the order to filing the paperwork and sending updates.
Pricing is custom and depends on how much volume you expect. You’ll also get tools to track documents, monitor compliance, and keep your users in the loop.
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Frequently Asked Questions
What are the main differences between Corpnet and MyCompanyWorks?
MyCompanyWorks has lower starting prices and faster processing. CorpNet offers more tax-related services and is geared toward professionals handling multiple clients.
What is the average time it takes MyCompanyWorks to complete a business dissolution?
MyCompanyWorks can process requests in 1 business day. However, most states finalize dissolutions in 1–3 weeks.
Conclusion: Is MyCompanyWorks Legit?
Yes, MyCompanyWorks appears to be a legitimate business service provider with nearly 25 years in operation, a consistent leadership team, and very few complaints on record. While the company doesn’t have a strong presence on review platforms like Trustpilot, its A+ rating with the Better Business Bureau and long track record support its credibility.
If you’re looking for a straightforward, reasonably priced way to start or manage a business, MyCompanyWorks may be worth your consideration. Just make sure their services fit your specific state and needs before signing up.
Do you want to know how to obtain up to $150K in business credit in as few as 30 days? Join Business Credit Workshop today!