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      August 12, 2020

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My Company Works vs FileNow

Best LLC Formation Services

To help you find the Best LLC Formation Services, TopConsumerReviews.com provides you with an in-depth comparison of My Company Works and FileNow.

To see ALL of our reviews for the Best LLC Formation Services, please Click Here

Who is the best LLC Creation Company? If you're self-employed, the next step in growing your business while covering your assets is probably forming an LLC. Creating an LLC is often seen as a good move for people who want to limit their liability without the cumbersome paperwork and regulations of a corporation.

No matter where your business is located, you'll typically need to register your company name and file documentation with the state, along with having accurate, complete Articles of Organization. Other requirements depend on the specific legal statutes governing businesses in your state. An online LLC Creation company can greatly help faciliate this process.

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Best Reviews

2020

LLC Formation Reviews

4 stars
My Company Works

MY COMPANY WORKS

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Cost:

From $79 to $279, depending on the package selected

Since opening their doors in 2001, My Company Works - formerly known as My New Company - has worked with more than 50,000 businesses to help them grow their business through LLC formation and incorporation. Although this provider doesn't have the long client list as some of our higher-ranked services, they've proven themselves as a reputable, knowledgeable partner for small business owners who want to create an LLC.

3 LLC packages

My Company Works has three packages for LLC formation:

  • Basic: starting at $79, this package includes unlimited name availability searches, preparation and filing of Articles of Organization, personalized organizational minutes and LLC Operating Agreement, the New LLC Handbook, same-day business processing, unlimited phone/email support, free company alerts, access to scanned documents online, and lifetime access to your online account. You can add a la carte services like obtaining a federal tax ID, registered agent service ($99/year), or rush filing service.
  • Entrepreneur: for $199, this level of service includes the features of Basic, along with obtaining a federal tax ID, an LLC kit/seal/member certificates, and lifetime business forms/tax guide. You'll need to consider if those additional features are worth the extra $120 over the Basic package.
  • Complete: at a cost of $279 you receive all of the benefits included in the Basic and Entrepreneur packages, along with a year of registered agent service (saving you $19 over the regular yearly $99 fee if purchased separately).

Terrific reputation

My Company Works has a terrific reputation. Like many of the companies in our review, they maintain an "A+" rating with the Better Business Bureau. More noteworthy is their track record for almost 100% positive reviews from their customers. The most common compliment given is for their extremely fast customer service team: most questions submitted by mail or phone get a response in 20 minutes or less during My Company Works' regular weekday business hours of 7:30A to 4:30P PST.

Best LLC Formation Company

Startup wizard

One of our favorite resources offered by My Company Works is their proprietary Startup Wizard. Once you've formed your LLC, this helpful online tool will take you step-by-step through everything you need to do to keep your business up and running - and in compliance with all of the legal requirements in your state. You'll get automatic reminders in your email each week that remind you of any remaining steps you need to take; these reminders can even be downloaded as a PDF. Also, the Startup Wizard keeps track of your progress while you complete your required tasks, making sure that you don't create any problems for yourself as you operate your newly-formed LLC. Most of the LLC formation services we reviewed don't go that extra mile (at no extra cost) to make sure you are meeting your legal obligations, so this is a perk worth noting.

Business next steps

You'll also find lots of helpful information as you consider the next steps for your business. These can be found under the headings of Start a Company and Manage a Company at the bottom of the website.

Satisfaction guarantee

This provider is so sure that they'll make a happy customer out of you that they have a 100% satisfaction guarantee. Should you be unsatisfied with their LLC formation services for any reason within the first 90 days of being their client, they'll either fix the problem or offer you a full refund - whichever you prefer. Given the thousands of positive reviews they've already received, however, it's not very likely that you'll need to take them up on their satisfaction guarantee.

High rating

Because of their reasonable prices, strong focus on customer service, and useful tools even after creating an LLC, My Company Works is ranked among the top providers for LLC formation services in our review.

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4 stars
FileNow

FILENOW

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Cost:

From $49 to $149 plus applicable state fees

Filenow was created by a team of tax experts, lawyers, entrepreneurs and business professionals with ample background in everything needed to create a new company. This service aims to make it seamless and simple to form an LLC, minimizing both hassle and expense in the process.

2 LLC formation packages

Filenow offers two primary packages for LLC Formation:

  • Starter ($49 plus state fees): this entry-level package gives you 24-hour order processing, 1 year of registered agent services (a $119 value in itself), free EIN/Tax ID, FedEx shipping, plus phone and email support
  • Premium ($149 plus state fees): the top-tier package includes everything from the Starter plan, as well as a company kit and a banking resolution (valued at $99 and $30, respectively)

State fees

If you enter the state where you'll be creating the LLC, you'll automatically see the state fees to expect with your purchase.

Best LLC Formation Company

Discount offer

At the time of our most recent visit to the Filenow site, we spotted a pop-up offer with a 15% discount on their company formation services - in exchange for entering our name and email address. The code was valid for one week from the time we visited the website.

Easy online form

The process of LLC formation is extremely straightforward, with Filenow's easy online form walking you through everything necessary to get your LLC in place. We particularly appreciate the ability to skip any section, save our progress, and return later. During the question-and-answer process, you'll also get the opportunity to purchase an Operating Agreement for an additional $25.

Help 24/7

If you're even slightly hesitant about the steps needed for creating your LLC, rest assured that Filenow offers 24/7 live, personalized help via phone and email, along with live chat on the site during selected business hours.

Money back guarantee

Filenow offers a 100% money-back guarantee. If your LLC application is denied due to negligence or errors on any document prepared with their service, you'll get a full refund of any service fees you paid.

Young company

The only drawbacks we could find with Filenow, compared with similar providers available today, is that the service has only been in business for a short time - and because of that, there's much less client feedback available. We're reassured by Filenow's "A" rating and accreditation by the Better Business Bureau, however, as well as the 50+ five-star reviews from people who have used the service for their business formation needs. Compliments described Filenow's LLC process as being easy, fast and intuitive, with polite and knowledgeable help from company reps when needed.

Solid choice

Despite being the proverbial new kid on the block, we think Filenow is a solid option for LLC formation services. Affordable and fast, and backed by a great satisfaction guarantee, this service can create your LLC with just a few minutes of your time.

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Continued from above

In the past, navigating those state-specific obligations to form an LLC was both expensive and time-consuming: finding a local lawyer with expertise in the field and paying hefty fees to get everything done correctly. Fortunately, today's small business owners have access to much more affordable options online. These services offer all of the same benefits, accuracy, and legal standing that you'd expect from working in person with an attorney. You can get as much or as little direction as you need to complete each step required for LLC formation, depending on which service you choose.

Which provider should you choose to help in forming your LLC? Not all services are the same, so when comparing what each one has to offer, keep in mind these important factors:

  • Reputation. How many small businesses have been served by the provider? What do former clients say about their experience in forming an LLC with them? Is the company rated and/or accredited by the Better Business Bureau?
  • Cost. What will you be charged to form your LLC? Are their different packages available? Are there a lot of add-on services that will increase your cost? Do you get a good value for what you pay?
  • Services. Does the company offer a wide range of services, or do they take a one-size-fits-all approach? Will the service give you one-on-one help if you need it? How much are you expected to do on your own?

TopConsumerReviews.com has reviewed and ranked the best LLC Formation Companies available today. We hope this information helps you create your LLC quickly and affordably!

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