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      November 20, 2018

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My Company Works vs LegalZoom

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 LegalZoom.

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

2018

LLC Formation Reviews

4 stars
My Company Works

MY COMPANY WORKS Visit Site

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.

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.

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.

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).

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.

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.

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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3.5 stars
LegalZoom

LEGAL ZOOM Visit Site

Cost:

Packages range from $49 to $349

Since 1999, LegalZoom has helped over 4 million customers to affordably access legal documents through their self-guided services. You can find documents across a wide variety of topics, ranging from business needs like LLC formation and incorporation to personal issues such as wills and trusts.

A strong positive of using LegalZoom to create your LLC is their Satisfaction Guarantee. Within the first 60 days after your purchase, you can request a 100% refund of all fees paid directly to LegalZoom if you're unhappy with any part of your experience. Of course, that refund policy doesn't apply to any fees you paid for government filing or to a third-party service.

However, as you select a service to form your LLC, you're likely going to find that you'll spend more by choosing LegalZoom. Here's what you can expect with their three levels of service:

  • Economy: In this package, you'll get an Operating Agreement, comprehensive state/federal business name availability search, the preparing and filing of your Articles of Association and other required paperwork, an LLC Next Steps Guide and LegalZoom's $50,000 Peace of Mind Guarantee.
  • Standard: In addition to the Economy package features, you'll also get a business newsletter, a deluxe organizer, and official printed certificates/seal. You may not think those features are worth the extra money - possibly as much as $280 more for the Standard vs. the Economy tier.
  • Express Gold: You'll get all of the features of the first two levels, along with help in getting all required federal/state/local permits and licenses, VIP processing/priority filing/express shipping, lifetime customer support, and a financial account authorization letter

For all three packages, you can choose among a number of optional services. One of the most common - and important - is the Registered Agent Service. Many of the company incorporation services we reviewed include it for free during the first year, while others may charge $99 per year. LegalZoom's fees are $159 per year, and they are not included even with the highest package level.

As you set up your LLC, you'll also be offered free trials of other services, such as a 30-day trial of Affordable Tax, Legal Protect, and Total Compliance. These services are billed at $320/year thereafter.

We found the process of selecting an LLC formation package through LegalZoom to be very frustrating, mostly when it came to pricing. On one screen, we were given package prices ranging from $99 to $159. But, as we went through the actual process of creating our LLC, the package prices changed to $49-$349.

Also, on one screen it said that an EIN would be included with the two higher levels of service. But, again, once we went through the steps to form the LLC, we were quoted an additional $199 to get the Operating Agreement, EIN, and Licenses.

In the past, we've seen good things from LegalZoom, with customers saying that their turnaround times were much faster than expected and that their LLC's were formed very quickly. But, with so many issues with pricing, it left us wondering what we were actually paying for and frequently asking "Is this included or isn't it?"

You can expect quality deliverables with LegalZoom. However, we hope LegalZoom will make their pricing clearer and more consistent in the future.

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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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