In the BizFilings vs MyCompanyWorks comparison, MyCompanyWorks is a business formation service that has been around since 2001. Their goal is to provide fast and easy LLC formation services to entrepreneurs and small business owners so that they can get the best LLC services. They offer a range of packages with varying levels of features, including registered agent service, EIN registration, and operating agreement templates. MyCompanyWorks also provides ongoing compliance support, including annual report filing reminders.
BizFilings vs MyCompanyWorks: Detailed Overview
24/7 compliance monitor and guidance tools
LLC Business Name Verification
Support from incorporation specialists
Dedicated features to ensure legal compliance
Excellent customer service and reviews
Offers affordable, dissolution service packages
BizFilings, on the other hand, has been in business for over 20 years and is owned by CT Corporation, a subsidiary of Wolters Kluwer. They offer a similar range of services as MyCompanyWorks, including registered agent service, EIN registration, and operating agreement templates. They also provide ongoing compliance support, including assistance with annual report filings and other business compliance requirements.
BizFilings vs MyCompanyWorks: Product And Pricing Plan Comparison
Beyond their LLC formation services, BizFilings and MyCompanyWorks offer various additional services, some included in their formation packages and others sold separately. To get a better understanding of each company’s lowest-cost LLC formation package, you can refer to the comparison chart provided below.
- BizFilings vs MyCompanyWorks: Basic Plan Comparison
| Compare Section | MyCompanyWorks | BizFilings |
| ORDER PROCESSING TIME | Same-day processing and standard filing speed; rush filing available | Standard processing and delivery based on state filing office, state rush filing available |
| REGISTERED AGENT | $99 extra | Free for six months, then $164 per year |
| OPERATING AGREEMENT | Yes | Templates for $39 extra |
| EIN REGISTRATION | $49 extra | $79 extra |
| ANNUAL COMPLIANCE | Free company alerts | BizComply alerts and forms included |
| ADVISORY SERVICES | Free business tax consultation | No |
| WEB DOMAIN & HOSTING | Free domain and one year hosting through InMotion Hosting | No |
MyCompanyWorks’ basic package is more cost-effective than BizFilings’ basic package and provides a customizable operating agreement. Additionally, MyCompanyWorks’ add-on services are less expensive than BizFilings’. However, BizFilings does include six months of registered agent service in their basic package, which is not offered by MyCompanyWorks.
- BizFilings vs MyCompanyWorks: Middle Plan Comparison
| Compare Section | MyCompanyWorks | BizFilings |
| ORDER PROCESSING TIME | Same-day processing and standard filing speed; rush filing available | Expedited processing and delivery, state rush filing available |
| REGISTERED AGENT | $99 extra | Free for six months, then $164 per year |
| OPERATING AGREEMENT | Yes | Templates included |
| EIN REGISTRATION | Yes | $79 extra |
| ANNUAL COMPLIANCE | Free company alerts | BizComply alerts and forms included |
| ADVISORY SERVICES | Free business tax consultation | No |
| WEB DOMAIN & HOSTING | Free domain and one year hosting through InMotion Hosting | No |
At this level of service, BizFilings continues to provide six months of registered agent service and offers operating agreement templates, while MyCompanyWorks offers EIN registration and does not include registered agent service. It’s worth noting that there is a more significant difference in price between BizFilings and MyCompanyWorks at this package level.
- BizFilings vs MyCompanyWorks: Top Plan Comparison
| Compare Section | MyCompanyWorks | BizFilings |
| ORDER PROCESSING TIME | Same-day processing and standard filing speed; rush filing available turnaround time | Expedited processing and delivery, state rush filing available |
| REGISTERED AGENT | Included for the first year, then $99 | Free for six months, then $164 per year |
| OPERATING AGREEMENT | Yes | Templates included |
| EIN REGISTRATION | Yes | Yes |
| ANNUAL COMPLIANCE | Free company alerts | BizComply alerts and forms included |
| ADVISORY SERVICES | Free business tax consultation | No |
| WEB DOMAIN & HOSTING | Free domain and one year hosting through InMotion Hosting | No |
At the top plan, MyCompanyWorks stands out by offering a year of included registered agent service, which is twice as long as BizFilings’ six months of service. Both companies offer similar additional features at this level, but MyCompanyWorks’ inclusion of a business tax consultation and a free web domain name gives them a slight edge. Additionally, MyCompanyWorks’ base package price is lower than BizFilings’.
BizFilings vs MyCompanyWorks: MyCompanyWorks Services
MyCompanyWorks
- Web Hosting
In today’s digital world, having a website is essential for businesses, and MyCompanyWorks offers assistance with web hosting through their partnership with a web hosting organization. They can guide you through the process of obtaining a business domain name and determining what type of website best suits your company’s needs.
- MyCompanyWorks Related Pages:
- MyCompanyWorks Review
- MyCompanyWorks Promo Codes
- Free Business Tax Consultation
MyCompanyWorks offers a Business Tax Guide on their website, which provides valuable information for those navigating the world of business taxes. However, direct advice on business taxes is not available. Instead, MyCompanyWorks has partnered with a third-party service to offer a free business tax consultation. It’s important to note that these consultations may include sales pitches for the third-party service’s accounting services.
- Business Forms
MyCompanyWorks offers a product called MyCompanyForms, which includes useful business forms and templates for a one-time fee of $39. This fee is a one-time cost and not a recurring monthly subscription. MyCompanyForms includes tax guides, sample meeting minutes, and contract templates. Customers who opt for MyCompanyWorks Premium receive MyCompanyForms at no additional cost.
- DBA (Fictitious Name)
For filing a DBA (Doing Business As), we recommend working with MyCompanyWorks. A DBA is essentially a nickname for your business, which Sole Proprietorships may use instead of a formal business entity. However, other entities such as LLCs or corporations may also choose a DBA for branding or other purposes.
One benefit of MyCompanyWorks is their comprehensive breakdown of the pros and cons of using a DBA. They offer a straightforward and easy-to-understand process for filing a DBA at the state or county level, depending on your business location. The cost to file a DBA with MyCompanyWorks is $99, plus state fees. During the process, there is only one upsell, where they offer to obtain an EIN for your business.
- Other Services Offered
MyCompanyWorks offers an array of additional services, including startup support through their interactive online checklist called Startup Wizard. They also have a Vendor Network that assists clients in finding vendors in their industry, as well as a Premium™ dashboard for simplified business entity monitoring. Other services include DBA names, apostille, annual report service, dissolutions, amendments, registered agent service, certified copies, foreign qualifications, and virtual office service.
- Business Funding
MyCompanyWorks has teamed up with another firm to provide business finance advisement, helping clients form a business banking account and recommending certain loans or other sources of capital for their company. While you can choose one of MyCompanyWorks’ allies for your corporate bank account, it’s important to conduct your own research as well. Overall, MyCompanyWorks is a one-stop shop for LLC formation and ongoing business support.
BizFilings vs MyCompanyWorks: BizFilings Services
BizFiling
BizFilings offers a variety of business entity options to help business owners choose the best structure for their company. Here are the main entities they offer:
- Limited Liability Company (LLC)
An LLC provides the benefits of personal asset protection and the convenience of having business taxes reported on personal tax returns.
- Nonprofit
BizFilings offers 501(c)(3) tax-exempt filing services for nonprofits.
- C-Corporation
This is the most common corporate structure that offers a traditional business structure and liability protection for its owners.
- S-Corporation
S-Corps have special tax status with the IRS, and like LLCs, taxes are reported at the personal level of the owner.
- Registered Agent Service
Choosing a registered agent service is often a legal requirement, and BizFilings can file the paperwork and pay the state’s change of agent filing fee.
- Doing Business As (DBA)
A DBA, also known as a trading name, is the name a business operates under that is different from its legal name.
- Limited Partnership (LP)
LPs offer limited liability protection to some partners who have no involvement in business decisions.
- Limited Liability Partnership (LLP)
LLPs are typically used by professionals in licensed industries, such as accountants, architects, attorneys, doctors, and dentists.
BizFilings offers comprehensive services to help business owners choose the right business entity and incorporate their business.
BizFilings vs MyCompanyWorks: Rating Parameters
We put our ratings and recommendations on the basis of these parameters.
- Value
- Customer Support
- Ease of use
- Add On features
- Customer Reviews
BizFilings vs MyCompanyWorks: Value
Comparing the pricing of BizFilings and MyCompanyWorks, BizFilings offers formation services at an average cost. Though not the most expensive, there are more affordable options available in the market. Unlike other formation services that include a year of registered agent service, BizFilings provides only six months. While they offer additional services like EIN registration and operating agreement templates, they may not be the best fit for businesses looking for a low-cost option.
On the other hand, MyCompanyWorks’ prices are competitive, though they may not be the cheapest. Though some formation services offer basic packages with registered agent services at a lower cost than MyCompanyWorks, their packages come with the added value of customized operating agreements, tax consultations, and web domains, which are a plus for businesses even at their lowest tier.
BizFilings vs MyCompanyWorks: Customer Support
Both BizFilings and MyCompanyWorks seem to have good customer service, but BizFilings is known for their ability to quickly fix mistakes and their warranty in the event of filing errors. On the other hand, MyCompanyWorks’ customers seem to be overwhelmingly satisfied with their service, with representatives responding quickly to customer inquiries and providing a 100% satisfaction guarantee.
BizFilings vs MyCompanyWorks: Ease of use
BizFilings offers a functional interface for their customers, but it can be confusing at times. While they display each feature on their package comparison page, the descriptions of their services can be vague, leading customers to seek further clarification from their customer support team. Despite this, the rest of their website is clear and easy to navigate.
On the other hand, MyCompanyWorks provides a step-by-step wizard that makes the formation process almost foolproof. This wizard guides customers through each step of their state’s filing process, ensuring they don’t miss any compliance issues. Additionally, their website is easy to follow and user-friendly.
BizFilings vs MyCompanyWorks: Add On features
BizFilings’ basic package is fairly standard, but their higher-tier packages offer impressive features. The mid-tier package includes an operating agreement, while their top-tier package includes EIN registration and state-certified documents. The only downside is that they only include six months of registered agent service.
In contrast, MyCompanyWorks offers excellent features at every level. Their basic package includes customizable operating agreements, free tax consultations, and a free web domain. EIN registration is included in their mid-tier package. However, their registered agent service is only included in their highest package, whereas BizFilings includes it in all their packages.
BizFilings vs MyCompanyWorks: Customer Reviews
MyCompanyWorks has a track record of more than billions + of happy customers, with many positive reviews praising their excellent customer service, fast response times, and helpful guidance. They also offer a 100% satisfaction guarantee, ensuring that their customers are fully satisfied with their services. With competitive pricing and a wide range of useful features at every tier, MyCompanyWorks is a top choice for businesses looking to incorporate or form an LLC.
BizFilings has received positive customer reviews for their excellent customer service, advice, and quick resolution of mistakes. They are also known for their easy-to-use website interface and competitive pricing. Additionally, BizFilings is a reputable and established company with over 25 years of experience in business formation services, making them a reliable choice for entrepreneurs and business owners.
BizFilings vs MyCompanyWorks: Conclusion
Both BizFilings and MyCompanyWorks are reputable companies that offer incorporation and formation services. While BizFilings has a more functional but somewhat puzzling interface, they offer solid features in their higher-tier packages and have good customer service. On the other hand, MyCompanyWorks has an easy-to-follow website with a step-by-step wizard that ensures compliance, as well as great features at all tiers. Ultimately, the choice between the two will depend on the specific needs and preferences of the business owner.
