Compare MyCompanyWorks to “Free” Services

Have You Seen How Expensive “Free” Is?

We have to give some of our competitors credit, they’ve actually somehow convinced their customers to pay more for a so-called “free” service. That’s impressive but a little sad.

Listen, we get it. You’re an entrepreneur on a tight budget. But please understand that a “free” company is nothing more than a marketing gimmick.

All these companies are doing is jacking up the prices for other parts of forming a company that are absolutely required to start your business.

For example, you form the company by filing the necessary paperwork but:

1. You still need a Federal Employer Identification Number (FEIN) from the IRS.
2. You still need a “banking resolution” to open a company bank account.
3. You still need an Operating Agreement (for an LLC) or Bylaws (for a Corporation) unless you want to be non-compliant or lose everything in a lawsuit or an owner dispute.

Do The Math: Compare “Apples to Apples”

Let’s do some math on forming a company for “free” (all prices current as of October 2019):

Competitor: IncFile

Formation: $0
FEIN: $70
Banking Resolution: $35
Operating Agreement: $40

REAL TOTAL: $145 + State Fee

Competitor: ZenBusiness

Formation: $0
FEIN: $70
Banking Resolution: (only included in $149/year package)
Operating Agreement: $35

REAL TOTAL: $149/year + State Fee (for the life of your company – OUCH)!

Competitor: Ribbon

(which is just another name for LegalZoom; is it weird they have another brand that charges different prices than the parent company?)

Formation: $0
FEIN: $79
Banking Resolution: Unknown
Operating Agreement: $99

REAL TOTAL: $178 + State Fee (Unknown if they provide a banking resolution)

Compare to Us: MyCompanyWorks

Formation Price: $59
FEIN: $59
Banking Resolution: FREE
Operating Agreement: FREE

REAL TOTAL: $118 plus State Fee AND:

• 100% Satisfaction Guarantee
• Tens of Thousands of Companies Formed Since 2001 (How long have the other companies been around? Best to check.)
• 3000+ 5 Star Ratings (4.9 Average) on ShopperApproved
• 11 More Reasons to Choose Us

Are You Paying More Now AND Each Year?

Now let’s compare some other options you might want (but are not required):

IncFile:
Registered Agent Service: $119/year (first year “free”)
Company Minute Book: $99
Business Contract Templates (25 Forms): $150
Total Cost: $249
Total 5 Year Cost: $725 ($249 + 4 years at $119/year)

MyCompanyWorks:
Registered Agent Service: $99/year (guaranteed to never increase)
Company Minute Book: $69
MyCompanyForms (200+ Forms with Lifetime Updates): $39
Total Cost: $207
Total 5 Year Cost: $603 ($207 + 4 years at $99/year)

The math is similar for most competitors, again, just make sure you’re comparing apples to apples.

Watch Out for Weird Processing Speeds

One thing we’ve noticed is that many of these competitors are basically saying “we’ll process this order in 4 to 5 weeks unless you pay for a more expensive package” or some kind of expedite fee.

This is very weird because many states can file in a matter of days regardless of the fees. So are they saying your order will just sit in a pile for weeks when it could be done in days just because you didn’t pay them a ton more?

We treat all orders the same – we process them on the SAME business day (if received by 12 pm PST). You can pay expedite fees if you want to speed things up but we pay those directly to the state (or overnight/courier service).

Do you have weeks to sit around to start your business?

But Wait – There’s More!

Because you are a discerning person who likes to do their research and have figured out that “free” is not really free we’re going to sweeten the deal (which is already sweeter than our competitors). Here’s an offer code for 10% off our fees:

LOLFREE

Enter LOLFREE at checkout on our business formation order form and receive 10% off instantly.

Click “Get Started” at the top of this page to order now. Then congratulate yourself for not falling for deceptive pricing practices.

P.S. Have you checked the state fee you’re being charged by our competitors? Sometimes they seem to mysteriously not match ours and it never seems to be in your favor. Weird.