MyCompanyWorks vs IncFile

Nowadays, there are dozens of LLC service providers that are ready to help with opening an LLC and make an LLC formation process simple and easy. Such companies as MyCompanyWorks and IncFile are among them.

In this MyCompanyWorks vs IncFile LLC service comparison, we’ll talk about the specifics of their service packages in terms of price and features. We’ll also discuss the differences between MyCompanyWorks and IncFile, their strengths and weaknesses that are important to consider when making your final decision.

Do MyCompanyWorks and IncFile Offer Good Value?

We understand that you want only the best for your business, and we can state that MyCompanyWorks and IncFile are good options. These highly respected LLC services have extensive experience and thousands of satisfied clients, so they know how to start an LLC.

Although IncFile and MyCompanyWorks are among the most reputable companies in the industry of LLC formation services online, IncFile has the advantage. If we compare pricing and features, its LLC formation package is better balanced and includes all the most requested services at a lower cost.

However, if IncFile does not fit your needs for any reason, MyCompanyWorks is a good alternative for creating a limited liability company.

6 Things They Have In Common

Affordable

Hiring IncFile and MyCompanyWorks is a great solution for simple and low-cost LLC business formation in compliance with state requirements. Compared to the attorney’s services, the cost of business formation packages of these online companies is quite affordable. You can easily launch an LLC, minimizing LLC service costs and, at the same time, avoiding the potential hassle of the DIY option.

Experience

There is no doubt that MyCompanyWorks or IncFile can effectively and efficiently create an LLC, as they have more than 15 years of experience in the LLC service industry. They have a solid reputation and open thousands of businesses every year, helping people realize their dreams of having their own company.

Great Customer Reviews 

If you appreciate customer reviews and high average ratings, both IncFile and MyCompanyWorks are trustworthy. These companies have thousands of reviews that prove customer satisfaction with the way they help set up an LLC, as well as the quality of their additional business services.

Customer Support

When launching a new business, support is very important. Both these companies have excellent customer service teams with experienced professionals, who understand the LLC process and state law. They are always ready to provide professional LLC consultation or offer business solutions to solve possible problems.

Efficiency 

If you want to get an LLC formed as quickly as possible, IncFile and MyCompanyWorks can cut the turnaround times down from a few weeks to a couple of days. For an added cost, they will provide expediting options that will allow you to complete an LLC registration in the shortest time possible.

Additional Services

Even though the main goal of professional online companies is to help form a new LLC, they actually can do much more. IncFile or MyCompanyWorks customers can not only open an LLC but also get access to a wide range of helpful additional services. You can count on these companies if you need related legal services such as:

Side by Side Comparisons

Pricing

Overall, comparing MyCompanyWorks vs IncFile in terms of companies’ price points shows that they both have reasonable rates available to small businesses.

Nevertheless, when it comes to cheap business formation services, IncFile is beyond comparison. If you hire this service, you can get an LLC formation service for free, as long as you pay the mandatory state fee. This fantastic offer allows you to reduce the cost to form an LLC to a minimum and enjoy all the benefits of professional service.

IncFile offers 3 options for LLC packages:

  • Silver – $0 + state fee;
  • Gold – $149 + state fee;
  • Platinum – $299 + state fee.

MyCompanyWorks also follows a tiered subscription system with 3 service packages:

  • Basic – $79 + state fee;
  • Entrepreneur – $199+ state fee;
  • Complete – $279+ state fee.

Obviously, the IncFile Silver package for $0 is more attractive than the MyCompanyWorks Basic package that costs $79. However, even if the prices are equal, the IncFile service package is more advantageous due to the good combination of LLC formation features relevant to most companies.

Experience

Both companies have excellent track records and impressive experience in creating an LLC.

IncFile has helped more than 250,000 businesses form since it was opened in 2004.

MyCompanyWorks, originally incorporated as MyNewCompany, was launched in 2001. It has more than 18 years of experience and a track record of 60,000+ business formations in various states.

Features

IncFile provides three LLC formation service packages for different budgets and business needs:

Silver package:

  • A full year of registered agent service;
  • Corporate website;
  • Company alerts system that helps monitor compliance throughout the life of an LLC;
  • 30-minute business tax consultation.

Gold package:

  • EIN;
  • LLC Kit and seal;
  • Contract Library, which includes more than 25 legal document templates;
  • Operating Agreement;
  • Banking Resolution to open a business bank account;
  • Express Shipping;
  • Preparation and Filing of IRS Form 2553.

Platinum package:

  • Custom Website and Domain;
  • FedEx 2-3 Day Shipping.

In turn, MyCompanyWorks provides the following features:

  • Basic:
    • Personalized Organizational Minutes;
    • Custom Operating Agreement;
    • The Startup Wizard;
    • Free Company Alerts;
    • Access to important LLC documents online.
  • Entrepreneur:
    • EIN;
    • MyCompanyForms tool that provides lifetime access to a business forms library;
    • Corporate Kit and Seal.
  • Complete:
    • A free registered agent service for one year.

In our opinion, IncFile has the advantage in this category. It offers 12 months of registered agents with any service package, while MyCompanyWorks provides this service only with a premium package. 

Customer Support

Both companies have knowledgeable and friendly customer service that can quickly answer your questions regarding starting an LLC and/or ongoing maintenance. You can also get phone support and contact their customer support team via email.

MyCompanyWorks is available from 11 a. m. to 7 p. m. Eastern Time, Monday through Friday, and IncFile’s hours of operation are from 10 a. m. to 7 p. m. on weekdays.

Although both services provide well-informed assistance, MyCompanyWorks response times are usually significantly shorter than IncFile.

Customer Reviews

They both have high average rating scores and thousands of customer reviews online on third-party websites. No doubt, this quality and volume of reviews are a big pro for MyCompanyWorks and IncFile, which sets them apart from most competitors. 

IncFile and MyCompanyWorks customers tend to have a positive experience, but there are some exceptions. For example, IncFile customers are sometimes not satisfied with the long wait for a response from customer support. As for MyCompanyWorks, there is almost no criticism among its positive reviews.

Turnaround Times

With MyCompanyWorks, your paperwork will be sent to the state on the day of filing or the next business day. IncFile also guarantees preparation and filing of LLC formation paperwork within 1 business day.

In general, both these companies’ processing times for LLC formation depend on the state. However, they also provide a rush filing option, so you can pay an additional fee to reduce the wait.

Order Tracking

Since registering an LLC takes time, both companies have developed convenient ways to keep track of it.

To track the process of a business formation CompanyWorks will send notifications to your email. 

IncFile also allows you to monitor the LLC status, with its real-time order status tracking tool, available on its website.

Ease of Use

They both provide convenient business services that make registering an LLC much easier. With their user-friendly websites, you can apply to open a new business in just a few minutes. All you have to do is choose the service package you want and enter your basic business and personal information. 

Their common disadvantage is a lot of upsells and third-party offers in the ordering process.

Registered Agent Service

A mandatory part of forming an LLC is to hire a professional registered agent who will receive LLC official documents and deliver them to the owner.

IncFile includes one year of LLC registered agent in each of its formation packages. The cost of further annual maintenance will be $119.

MyCompanyWorks provides 12 free months of registered agent LLC service only with the top package. After the grace period ends, you will pay $99 per year for this service.

Additional Services

Like most excellent LLC formation services, IncFile and MyCompanyWorks have a wide range of tools to make running a business easier. Besides assistance with starting an LLC business, they can provide the following services:

  • Getting doing business as (DBA) names;
  • Preparing and submitting LLC annual reports;
  • Foreign qualifications, etc.

MyCompanyWorks clients additionally get access to virtual office services, but basically, the additional services of these companies are very similar. 

Which Is the Better Service to Form an LLC?

IncFile and MyCompanyWorks are well-reviewed companies that have developed easy-to-use platforms for setting up an LLC and making it easy to operate. However, each business has a unique set of business needs, so you should consider the key differences of these companies when making your final choice.

To conclude this IncFile vs MyCompanyWorks comparison, here are a few reasons why you might choose one of these companies.

Choose MyCompanyWorks if you:

  • Want to use reliable customer support;
  • Prefer to work with a company that has strong customer reviews;
  • Are interested in a guaranteed next-day processing service.

Choose IncFile if you:

  • Are looking for a company that offers a free LLC formation service;
  • Plan to purchase an affordable basic package with the registered agent service included.