MyCompanyWorks Foreign Qualification Review

MyCompanyWorks is a popular foreign qualification service (that also offers LLC formation services) due to its competitive pricing model and responsive customer support. But is MyCompanyWorks the best service for your company’s unique needs and circumstances?

What is foreign qualification?

The foreign qualification process is quite similar to the business formation process in many states, although the fact that each state creates its own rules and regulations can complicate things a bit. Essentially, foreign qualification is obtained by filing a form usually known as the Certificate of Authority, which grants your business the right to operate in an additional state.

With a foreign qualification service like MyCompanyWorks, all you have to do is provide them with some basic info, and they’ll take care of the rest. You won’t need to worry about filling out any forms or filing them with the Secretary of State. Instead, you can pay MyCompanyWorks a reasonable fee and spend that time growing your business, similar to their LLC filing service.

MyCompanyWorks Foreign Qualification Service Review

Let’s quickly review its pros and cons before we dig into the details.

Pros

• Competitive pricing model
• Positive customer feedback

Cons

• Somewhat expensive offering for business formation services

The MyCompanyWorks Foreign Qualification Service Package

MyCompanyWorks’ foreign qualification service costs $99 plus your state’s fee. It includes a preliminary name search of your state’s business database, along with the preparation and filing of your Certificate of Authority (or similarly named document).

However, that’s all you get with MyCompanyWorks, as well as most of its competitors. While domestic business formation services almost always have some additional features and perks, the foreign qualification services offered by the same companies typically don’t.

Overall Pricing and Value

MyCompanyWorks has a solid price point of $99 for foreign qualification services. By comparison, Incfile charges $149, and Northwest Registered Agent charges $225 (you’ll still need to pay your state’s fee with any of these options).

For domestic business formations, MyCompanyWorks is an acceptable but somewhat expensive option. At $59 (+ state fee), it has a reasonable price point, but it’s a rather barebones package that doesn’t include many valuable features, like registered agent service, for example. By comparison, we offer business formations for free (+ state fee).

Track Record

MyCompanyWorks is a smaller company than large-scale operations like LegalZoom or ZenBusiness, by comparison. MyCompanyWorks has been around since 2001, and it’s served around 60,000 customers, so this company isn’t inexperienced — it just has a lower volume of customers than some of its major competitors.

This company has a good customer feedback reputation. We found nearly 4,200 reviews of its services, and MyCompanyWorks still holds down a 4.9/5 average rating score, indicating positive feedback from its customers.

Customer Support

MyCompanyWorks has an advantage in this category compared to some competitors because its customer support is responsive. If you contact MyCompanyWorks during business hours, it will usually respond within 20 minutes. Some competitors make you wait several days to hear back. That said, MyCompanyWorks doesn’t boast the extended availability of companies like us at ZenBusiness.

Ease of Use

The entire point of using a foreign qualification service is to make this part of your business run seamlessly with little-to-no effort on your part. MyCompanyWorks fits the bill, as it’s simple to place orders, renew services, and navigate its website.

How does MyCompanyWorks work?

The process of ordering foreign qualification services from MyCompanyWorks is simple. Here’s an overview of what you can expect when you click the “Order Now” button on the MyCompanyWorks foreign qualification service page. Keep in mind that the process for foreign qualification can vary from state to state, but in most states, it’ll look something like this.

• Provide basic background info: The first step in the MyCompanyWorks foreign registration service process is to inform them where you formed your business, which business entity type it is, and which state you’re expanding to. This step also involves navigating past three upsells for registered agent service, a Certificate of Good Standing, and a certified copy.
• Create your account: Next, it’s time to provide your personal name, address, phone number, and email address, and choose a password for your MyCompanyWorks account.
• Enter business details: This step includes informing MyCompanyWorks of your business name and a brief description of the purpose of your business. Then, you’ll include your company’s formation date, filing number, and employer identification number (EIN). You’ll also enter your business address and the names and addresses of your company’s owners. Finally, this step requires the names and addresses of your registered agents in your original state and your new state.
• Review your info and submit payment: Finally, you’ll take another look at all the information you’ve entered thus far and make any necessary changes. Then, all you need to do is enter your payment info — some competitors only accept credit cards, but MyCompanyWorks also accepts PayPal.

What are MyCompanyWorks customers saying?

By far the largest collection of customer feedback for MyCompanyWorks is found on Shopper Approved, where this company has more than 4,100 reviews and an average rating score of 4.9 out of 5. We found quite a few customers talking about how they appreciate MyCompanyWorks’ user-friendly services, as well as plenty of comments about how much money this company saved its customers.

Our Final Thoughts

Overall, MyCompanyWorks has solid pricing and a responsive customer support team, giving it a well-rounded foreign qualification package. While we realize that each business has its own unique needs and characteristics, we think MyCompanyWorks is usually a viable option for foreign qualification service. That said, we think our free (+ state fee) offer for LLC formations is a better deal than MyCompanyWorks’ $59 (+ state fee) package.