Are you looking to form a new LLC, but you’re not comfortable enough with the process to try the DIY route? Are you also lacking the budget to spend hundreds or even thousands of dollars hiring a lawyer to draft and file your formation documents?
Fortunately, there are plenty of companies like MyCompanyWorks and Incorporate.com that specialize in forming LLCs without breaking the bank, but how do you choose which one to use?
There are some significant differences between the two (as well as plenty of common ground), and we think that by the time you’re done reading, you’ll know which one can best serve you.
— MyCompanyWorks wins, but we recommend shopping around —
With MyCompanyWorks and Incorporate.com, we’re dealing with two highly popular LLC formation service providers. We wouldn’t hesitate to recommend either one, and we’re confident that you’ll be satisfied with your experience regardless of which one you choose to form your LLC. That said, MyCompanyWorks has some distinct advantages that make them our preferred pick.
First and foremost, MyCompanyWorks’ price point of $79 (plus state fee) for LLC formation service is less expensive than the $99 you’ll pay with Incorporate.com. Furthermore, MyCompanyWorks receives glowing feedback from their clients, whereas Incorporate.com has a much smaller volume of reviews, and they’re usually not positive in nature either.
If you feel like you need some more detailed information before making your selection, read on as we run through how these companies compare in a number of important categories.
Why We Recommend Shopping Around
While Rocket Lawyer and LegalZoom both have plenty of positives, neither of them are among our absolute favorite companies in this industry. For nearly all of our readers looking for an LLC service, we recommend checking out other LLC services online.
To save you time on research, we reviewed and ranked the 7 best LLC formation services. Feel free to check out which online LLC service has the best deal or get started with MyCompanyWorks, the winner of this comparison.
7 Things They Have In Common
1) Affordable: One important factor these companies share is their ability to save you a significant sum of money compared to the expense of hiring a lawyer to form your LLC. Seeing as the LLC is one of the simplest business formations in America, you may not need an attorney’s expertise anyway.
2) Customer Support: Saving money is always a benefit, but what good does it do if you can’t get assistance when you need it? With MyCompanyWorks and Incorporate.com, you can call or email their knowledgeable support reps whenever you have questions or concerns.
3) Experience: No one wants their LLC formed by a fly-by-night company without any relevant experience. With Incorporate.com and MyCompanyWorks, we’re discussing two highly experienced companies that have each formed thousands of businesses.
4) Efficiency: If you need your LLC formed quickly, that’s no problem whatsoever for these service providers. Both MyCompanyWorks and Incorporate.com have expediting options available, and they can shorten your turnaround time from a matter of several weeks down to just a few days in many states.
5) Guaranteed Services: Both of these service providers have strong guarantees backing up their services. MyCompanyWorks has a 100% satisfaction guarantee that allows you to request a refund at any time within 90 days of purchase, for any reason. Incorporate.com’s “Corporate Compliance Guarantee” says that if they make an error that leads to your filing being found invalid, they will correct the issue or pay you up to $75,000.
6) Additional Services: Are you in the market for other business services, beyond just getting your LLC formed? MyCompanyWorks and Incorporate.com both offer a variety of additional services, from federal tax ID numbers (EIN) to registered agent service, and many more.
7) Educational: You can learn quite a bit about the business world from these providers, without even necessarily becoming a customer yourself. The learning center on Incorporate.com’s website includes a large collection of how-to guides and business articles, while MyCompanyWorks offers a free LLC formation guidebook.
Side by Side Comparisons
You can get LLC formation service from MyCompanyWorks starting at $79 (plus state fee), which is a better price point than the $99 rate offered by Incorporate.com.
All other things being equal, wouldn’t you rather spend $79 than $99? What if we told you that you can actually get more for your $79 with MyCompanyWorks than you get for your $99 with Incorporate.com? In our opinion, this decision keeps getting easier with each category we discuss, so let’s move on and take a look at how these companies add features to their LLC formation packages.
Both of these companies provide everything you legally require to get your LLC off the ground: a business name availability check, and the preparation and filing of your articles of organization. The big difference is that Incorporate.com doesn’t include any additional features except digital access to your documents, whereas MyCompanyWorks gives you access to their online compliance deadline reminder tool, and also provides you with an LLC operating agreement to outline the ownership structure and operating procedures of your company.
Don’t let Incorporate.com’s LLC formation package selection screen fool you — not everything they list as an included feature is actually included! For instance, you only receive access to their CSCNavigator online tool if you add registered agent service to your order, which costs $235.
Speaking of registered agent service, that’s one major feature both of these companies lack in their formation packages. Still, overall, we think MyCompanyWorks packs in way more bang for your buck than Incorporate.com does.
Incorporate.com has longevity that no other company in this industry can match. They opened way back in 1899, and they’ve formed 750,000+ businesses since then. MyCompanyWorks has a respectable amount of experience themselves, although with more than 60,000 customers served since 2001, they’re obviously not on Incorporate.com’s level when it comes to longevity or customer volume.
MyCompanyWorks has one of the most responsive customer service networks in the industry, as they respond to most calls and emails within 20 minutes. Their hours of operation run from 11 am to 7 pm ET on weekdays.
Incorporate.com has solid customer support as well, with helpful and friendly representatives that are available from 8 am to 8 pm ET on weekdays. We really appreciate their extended hours of operation, but they’re still not quite as quick to respond as MyCompanyWorks is.
Both of these service providers base their turnaround estimates on the requirements of each formation state, and they also both offer expediting service. While one may be slightly faster than the other in some select states, for the most part they are equals in this regard.
MyCompanyWorks sends email updates to keep you apprised of what step of the formation process your LLC is in, but it’s not as convenient as the real-time order status tracking tool you have access to as an Incorporate.com customer.
Registered Agent Service
Every LLC in America is required to select a registered agent, which is a person or business entity that receives important document deliveries (like service of process) from your state government, informs you of the receipt, then forwards the documents to you. This is so crucial because the state needs to have a reliable means of contacting your business at any time.
While some service providers include registered agent as part of your LLC service package, MyCompanyWorks only bundles it into their top-tier $279 Complete package, and Incorporate.com doesn’t include it with any of their packages.
However, MyCompanyWorks offers registered agent service for an annual fee of $99, which is a strong price point compared to most competitors ― but especially when compared to the $235 per year that Incorporate.com charges for the exact same service.
This category represents by far the biggest difference between these two companies. Incorporate.com only has a few dozen reviews available online, and most of them are negative. Customer feedback is clearly not a pro for Incorporate.com.
However, MyCompanyWorks receives fantastic customer feedback. They have more than 3,000 reviews online, and almost all of them are positive. Obviously, customer reviews are a massive advantage for MyCompanyWorks.
Ease of Use
With either one of these service providers, you’re getting an LLC formation service that’s much simpler to leverage than the hassles of the DIY route. They also both have solid websites with convenient user interfaces. All told, ease of use is a pro for both MyCompanyWorks and Incorporate.com.
When you look at the additional business services provided by these two companies, you’re bound to see a considerable amount of overlap. For instance, both MyCompanyWorks and Incorporate.com provide their clients with registered agent service, annual reports, foreign qualifications, business licensing, and other common business services.
However, each of these companies also has some unique services that the other one doesn’t offer. MyCompanyWorks offers apostille service, which Incorporate.com does not. On the other hand, Incorporate.com provides 501(c)(3) nonprofit application services, while MyCompanyWorks doesn’t offer this feature.
Better Service to Form an LLC?
MyCompanyWorks and Incorporate.com are two of the most popular LLC formation service providers in the industry. They’re both highly capable, and we’re confident that you will be pleased with the service you receive, no matter which one you choose.
If you haven’t been able to make up your mind yet, we’ll finish up this comparison guide by going over a few of the most common reasons to choose each of these companies. Regardless of whether you end up choosing MyCompanyWorks or Incorporate.com, we wish you the best of luck!
➥ Choose MyCompanyWorks if You Are:
Do you place a high value on customer reviews? Are you looking for the lowest price points? Perhaps you’re swayed by affordable registered agent service? These are some great reasons to choose MyCompanyWorks.
➦ Choose Incorporate.com if You Are:
Are you seeking the company with unrivaled longevity in this industry? Incorporate.com is certainly worth a look if so.
While both of the LLC services in this comparison offer good overall value and have formed thousands of businesses, we think MyCompanyWorks is the better option.
However, in the larger picture, neither of these LLC services are our top pick. We highly recommend checking out our list of the top LLC services to see which is the best option available.
Frequently Asked Questions
Got questions? We’ve got answers.
If I Decide to Use MyCompanyWorks, Which Package Should I Choose?
Without question, our favorite MyCompanyWorks formation package is the $79 Basic option, which includes the actual formation of your LLC, along with their company alerts system, an operating agreement, and organizational minutes.
Their $199 Entrepreneur and $279 Complete package each has some unnecessary fluff that doesn’t add much value.
Does MyCompanyWorks Handle Extra State Requirements Like New York Publication?
Unfortunately, MyCompanyworks does not provide publication service to its customers. On the other hand, they do offer detailed instructions at no extra charge to help you complete your own publication requirement if you form an LLC in a state that requires it. It’s better than nothing!
Which Service Has Fewer Upsells?
MyCompanyWorks does a good job of avoiding pushy upsells, as we never feel like they’re trying to get us to buy anything that we don’t want or need. Incorporate.com, however, is downright aggressive in the way they try to get you to add their overpriced registered agent service to your purchase.
They even have some misleading advertising on their LLC formation package select screen that makes it seem like their annual report service and online compliance tool are included features when you actually cannot access them without also buying registered agent service from them.
Do These Services Share My Information With Third Parties?
MyCompanyWorks does have a couple of instances where they try to share your information with third-party partners. Namely, their Bank of America and InMotion Hosting partnerships require sharing your personal info with these other business entities.
As for Incorporate.com, they avoid this problem by forgoing third-party partnerships, and instead focusing on providing their own products and services to the best of their ability.
Does Either of These Services Have a Refund Policy?
From reading Incorporate.com’s refund policy, it’s not clear whether they actually intend to provide refunds at all. We’ll simply copy/paste their own words from their website: “If you cancel your order before we have submitted it to a federal, state, or local office, Incorporate.com will refund the total amount paid for such order less a service fee.
If you cancel your order after we have already submitted it, we will use our discretion to determine what portion, if any, we will refund.”
MyCompanyWorks wins this category easily, thanks to their 100% satisfaction guarantee. If you’re unhappy with their services for any reason, you can request a refund within 90 days and they will provide it in full (except for any non-refundable costs like state fees).
Which LLC Formation Website Is Faster?
MyCompanyWorks and Incorporate.com both have turnaround times that are based on the same thing, which is each state’s ability to process orders in a timely fashion.
Because they both base their own processing times on the state turnarounds, they are very close competitors in this area. One or the other might be a day or two faster in a few states, but for the most part this is a toss-up.
Can I Just Form an LLC On My Own, Without a Service?
Sure you can. In fact, many people do choose to save some money by forming their own LLCs. The only reason we don’t usually recommend this option for our readers is that each state has its own guidelines for LLC formations, and therefore it can be a bit time-consuming to learn the exact rules and regulations for your formation state.
In addition, we enjoy the peace of mind we receive from these professional business services providers, as we can trust them to complete our formation in a compliant manner.