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      November 22, 2019

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My Company Works vs Nolo

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 Nolo.

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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

2019

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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2.5 stars
Nolo

NOLO Visit Site

Cost:

$99 for Basic Service

$299 for Express Premiere Service

Nolo used to be an LLC formation service limited to books and forms. You might say that "Nolo" now stands for "No Longer" limited, as they've vastly expanded their options to include two packages:

  • Basic: for $99, you'll get standard filing and a Customized LLC Operating Agreement based on your situation
  • Express Premiere: for $299, you'll get a filled-out IRS Form SS-4 (Application for EIN), a Personalized LLC Records Kit and Seal with 20 certificates, a Customized LLC Operating Agreement, as well as priority filing and shipping (submitted to the Department of State within 1 business day; your LLC package will arrive within 6-7 business days after that)

All packages include company name verification, articles of organization, automated error checking, and unlimited customer service support.

Nolo creates your LLC in three steps. First, you fill out a basic questionnaire that asks you to select which service you want, basic details about your business like desired LLC name and member names, and so forth. Then, they generate your LLC documents and make sure they are filed correctly with the Secretary of State. Finally, your completed LLC package arrives in the mail.

Reviews of Nolo are mixed. We found several positive remarks from small business owners who complimented the service for getting everything right during the process of creating their LLC's. We also found several complaints, but they seemed to be more focused on Nolo's offerings in other categories, not related to filing business documentation. An "A+" rating with the BBB shows that, despite any negative reviews, Nolo does an appropriate job of delivering what they promise and responding to any issues that arise.

Ultimately, Nolo has made strides by offering a much more useful LLC formation service than before - including the actual filling out and submitting of paperwork, not just giving customers blank forms to complete and books to walk them through the process. On the other hand, their basic package is more than double the cost you can find through our first-place provider, bringing Nolo down in the rankings. We hope that as Nolo continues to improve their LLC options, they'll be able to better compete through lower pricing and more robust package choices.

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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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