Swyft Filings has a solid reputation for LLC incorporation or formation. Their flexible pricing model is affordable and they can turn around quickly. They are only in business since 2015 but have many thousand of positive reviews from their satisfied customers.
Swyft Filings is not able to offer as extensive a service as their competitors. Partners are often used by Swyft Filings to fill in the gaps.
Swyft Filings may still be a good option for basic LLC formations because they have a direct connection to business specialists as well as a money-back promise.
SwyftFilings.com provides more information. Or, continue reading the review to see how we arrived at our conclusions.
Swyft Filings LLC, a company that specializes in limited liability corporations, corporations and non profit organizations, is called Swyft Filings LLC. They can assist small business owners and entrepreneurs by managing the entire business formation process. Swyft Filings can serve both US-based as well as non-US residents.
According to their LinkedIn Page, Swyft Filings was founded in Houston, Texas. This company, which was founded in 2015, is younger than its competitors Nolo and Xerox. The current CEO is Travis Crabtree who is a media, technology and commercial litigation lawyer.
Swift Filings, a medium-sized privately-owned company with 50 to 200 employees, aims at standing out from the rest by offering fast turnaround times, flexible pricing options and easy access to customer service.
Swyft Filings provides multiple services to help you create new business entities. These include LLCs, corporations and non-profit organisations. They offer some of these services directly while they also provide other services through agreements with partners.
Their services include:
* Creation of new business entities. This includes verification of the business name and all interactions and filings with relevant state authorities.
* Assisting with the initial IRS paperwork (e.g. getting an EIN).
* Provider of customized, common-used legal documents like Operating Agreements and bank resolutions
* Helping you to maintain good standing before government officials by reminding you when important obligations like annual reports are due
* We will assist you in setting up your initial online presence by helping with website building, domain registration, and web hosting
*… and other services that are aimed at new business.
Swyft Filings offers three pricing options for LLC formation. Basic, Standard and Premium. They also allow you to add individual products to each tier without the need to purchase into a higher tier.
Swyft Filings Basic: $49 + state fees
Swyft Filings’s most affordable LLC formation package. This includes a bare-bones LLC registration service as well as a business name availability test to ensure smooth LLC formation.
This tier also includes these three services:
Swyft Filings partners with an accounting company to offer their customers a consultation about optimizing their LLC’s taxation.
Swyft Filings didn’t name their partner but some digging revealed that they had partnered with 1-800Accountant. They are a virtual accounting company based in New York. Participation in this consultation is not mandatory if you do your research.
ComplianceGuard Company Alerts is a tool Swyft Filings offers to their customers in order to make sure that they comply with all state filing obligations, including annual reports.
You will receive a free domain name (URL), if your company wants to have a website. Swyft Filings provides a free one year registration for any domain name that you wish to use. After the one-year term expires you will have to continue paying for domain name registrations. If you do not, you will lose your access.
After you have completed your LLC formation, your account dashboard will allow you to access your incorporation documents and other forms through Swyft Filing.
This package comes with a standard state LLC filing by default. This will result in a processing time of approximately one to two week for most states. An expedited filing fee is available if you require your LLC to be created faster. The exact filing time and the additional cost will depend on where you live.
You have the option of adding products or services to your Basic package.
Swyft Filings Standard: $149 + state fees
It includes everything in the Basic Package, plus the following additional services:
Swyft Filings will file the Federal Tax Identification Number (EIN) for you.
The majority of LLCs in America must have this number. This article will go into greater detail about an EIN and the reasons you don’t likely need it.
Legal documents that can be customized: Many LLCs will require certain key documents such as an Operating Agreement or a banking resolution as soon they are formed. These documents are included in Swyft Filings’ Standard pricing tier. These documents can be modified and downloaded via Swyft Filings’ site.
Like the Basic package for most states, processing times will take between one to two weeks. An additional fee can be paid for expedited filing.
Swyft Filings Premium: $299 + state fees
Swyft Filings Premium Package is the most comprehensive package for LLC formation. It is also the most expensive.
The Premium package offers expedited LLC filing at no additional charge for most (but certainly not all) states. Your LLC will be created in about one to five business days in most states. You will need to pay an additional fee in order to file your LLC faster, as is the case for Florida.
The Premium package offers additional services to the previous two tiers.
A digital customized LLC kit: This includes a customized seal and 20 stock certificates. For forming a new LLC, none of these items are required.
Swyft Filings partners with a web company to provide customers with a website building tool that will allow them to quickly set up a website.
The website of Swyft Filings doesn’t clearly identify their partner, but we found that Rocketbuildr is the provider. You will need to pay for web hosting after the three-month period ends.
Rocketbuildr’s monthly cost is $25/mo according to their website. You will not be able to add this service to any lower-tier package.
Swyft Filings vs. ZenBusiness
Swyft Filings has a lower cost per file and a quicker turnaround than other services. ZenBusiness, however, is comparable or even better than Swyft Filings’ performance and costs significantly less.
Swyft Filings offers many of its services via third-party providers and upsells a lot more unnecessary services. ZenBusiness’s simplified approach is better.
You can read our Swyft Filings and ZenBusiness comparison.
Swyft Filings vs. Incfile
Incfile does well in the pricing category. Their free formation package is unmatched at Swyft Filings. Swyft Filings wins in almost all other aspects.
Swyft Filings has a significantly quicker turnaround time and provides better customer service than Incfile. Swyft Filings has a better score on customer review platforms than Incfile which only has a few hundred reviews, and mostly poor ratings.
You can read our Incfile Vs. Swyft Filings comparison article.
Swyft Filings vs. LegalZoom
However, there are other services that can do the job even faster than these two companies.
To see a complete comparison of LegalZoom vs. Swyft Filings, please visit our article.
Which bundle provides the best value for your money?
The value of the Basic package from Swyft Filings is excellent. This package can be an affordable and great choice for the formation of your business, provided that you’re not too stressed.
The Basic package is very attractive if you make use of the included add ons like the free domain name and Swyft Filings’s alarm tool. We recommend adding an Operating Agreement, which is a crucial service that isn’t included in the package.
EIN filing is a service that adds no real value to the Standard or Premium packages.
If you’re looking for a website to promote your business, the Premium package could be worth the cost. The higher price of this package can be partially offset by the website building and hosting services.
Swyft Filings’ value is not the case with some of the newer LLC formations. ZenBusiness is one example of a company that offers a year’s registered agent service. Packages are also as comprehensive and as affordable as Swift Filings.
Cancelling Swyft Filings
Swyft Filings only offers registered agent services through their partner company LegalCorp Solutions. If you want to cancel the service, you must first appoint a registered agent with the appropriate state government authority.
Once you have evidence that you have appointed a registered agent, Swyft Filings will contact you to inform them that you want to cancel your registered agents service.
LegalCorp will charge you for the entire fee amount if you do not provide proof that you have appointed another registered agent.
Swyft Filings works with many other companies as a partner for many of its services. For cancellations, contact these third-party companies directly.
Swyft Files Refund Policy
Swyft Filings prominently promotes its 100% money-back guarantee. Please note that this policy only applies if Swyft Filings has made an error during the formation of your LLC.
You can call or email them to request a return. You must request a refund within 60 days of purchase.
Swyft Filings Pros
We’ll be covering some of Swyft Filings strengths, including pricing, turnaround time and customer service.
1. Many, many customer reviews that are positive
Swyft Filings is a relatively new company that has been in operation for just a few years. However, they have received many positive reviews from customers on sites like Sitejabber or Trustpilot.
At the time of writing, they have more that 2,900 Trustpilot reviews and more than 32,000 Sitejabber Reviews. The overwhelming majority are positive.
The overwhelming majority of customers were satisfied with the speed and ease of the service as well the quality of customer service staff. Many customers mention the agent who helped with their problems by name.
Reviewers from years past have not provided any evidence of any improvement in the service’s quality. Swyft Filings seems to have received outstanding reviews throughout its history.
2. Low base price and flexible pricing
Swyft Filings is not like other competitors and does not require customers to purchase higher-priced service packages to receive a certain service or product. You can add any product separately to lower priced packages through their website.
You are allowed to choose the most affordable package and add an expedited file or operating agreement.
Swyft Filings most affordable package was very reasonable. This is an excellent option for anyone who needs an easy and quick online LLC formation without any additional products or ongoing fees. It costs $49 plus applicable state taxes.
Swyft Filings allows you to choose whether you wish to pay the total cost of your products upfront or in two installments. This feature is not offered by all their competitors.
Swyft Filings includes three minor complimentary services as part of all pricing packages. The services include:
* A 30-minute tax consultation
* Alerts concerning your company’s upcoming state reporting deadlines
* Domain name of your choosing for your LLC for a year
Although you don’t need to use these services they might be beneficial.
3. Direct customer service line
Any LLC formation service needs a knowledgeable customer service staff. This is because customers frequently need to know the details of their company and are often in urgent need of information. Swyft Filings excels in this area.
4. Good turnaround times
Swyft Filings’ turnaround time is not the fastest but it is definitely faster than most. You can expect your business formation in most states to take between five and ten business days.
The time can be reduced further if you choose the Premium package or pay an additional fee to file expressly. It takes between one and three days for most states.
Swyft Filings Cons
This section outlines some of the areas in which we feel Swyft Filings service needs improvement.
1. Too many add-ons or upsells
Many LLC formation services attempt to sell some services. We usually don’t hold it against them unless the service is not necessary or of any questionable relevance for the customers. Also, formation services must be transparent and clear about what they offer and who is providing it.
Swyft Files comes in a close second. Their main pricing page is missing certain offers, including the registered agent partner offer. Additionally, basic services are broken down into multiple items which only confuses potential customers.
Swyft Filings’ basic LLC structure is divided into three parts. However, lifetime customer support, which should be offered by default, is listed as an additional service.
Many pages hide third-party upsells or offers. Many of the third-party offers and upsells seem more like advertisements than useful, helpful services.
2. There is no registered agent service provided with formation packages
The second most important service in business formation is a quality and affordable registered agent service. We believe that the formation itself is the most important. This service should be provided by your LLC’s founding company. This ensures that your privacy is protected and simplifies your experience.
Swyft Filings offers a partner deal during signup, unlike competitors who bundle their registered agents and offer discounts.
LegalCorp Solutions’ $149/year registration fee is much higher than that of Northwest Registered Agent and ZenBusiness. ZenBusiness offers a comparable standalone service at $99/year, while Northwest Registered Agent costs $125/year – still a substantial discount when compared with LegalCorp Solutions.
We found it particularly annoying that Swyft Filings can raise the annual cost of registered agent service without notifying you.
3. Relying heavily on third parties
Swyft Filings is heavily dependent on their partner companies to provide many of its services and offers. Yet, often their service documentation doesn’t even mention who they partnered with.
We are not happy with the fact that customers must do their own research to discover which “national accounting company” will be servicing them, or who will provide their mail forwarding services.
Additionally, we prefer services that are primarily provided in-house. This allows for better customer privacy and ensures high-quality services.
Swyft Filings Services
Swyft Filings promotes many products and services related to LLC incorporation. They are not all self-explanatory and may not be necessary. Continue reading to learn if these services are worth your time.
Basic LLC Formation
These are included in the Premium, Standard and Basic packages
The United States’ most preferred business entity type is the limited liability corporation. A limited liability company can be formed to start a new company or convert an existing one to an LLC. There are several benefits and advantages.
Limited liability protections: An LLC is used to manage your business. It establishes the entity as an independent entity from you. This allows you to keep your personal assets and liabilities separate from the business’ assets. In the unlikely event your business goes under or becomes too indebted, creditors may be able collect any outstanding debts from your LLC, but they won’t have access to your personal assets.
* Greater flexibility when managing your business: LLCs are less structured and have fewer reporting obligations than corporations. The best thing about an LLC is that you can run it as you wish.
* Pass-through taxation. LLCs do not pay taxes directly. Instead, you’ll file your income and losses on personal tax returns. This will avoid double taxation.
LLCs are created at the state level. An LLC must be registered with the Secretary of State of your respective state. Additional requirements may apply depending on the state in which you file for your LLC. New York for instance requires that you publish a notice regarding your LLC in a local newspaper.
A few people prefer to have an attorney handle the formation of their LLC. However, this is not necessary. It’s usually cheaper to do it yourself, or to hire a specialist company who can help you navigate the state bureaucracies.
Swyft Filings offers limited liability company formations as their primary product. They will be your organizer and help you file your LLC documents.
For your LLC to become a business, you will need to choose a name. Swyft Filings gives you the option to choose two names for your LLC. The company will then conduct a business name search to ensure that your chosen name is still available before you file your documents.
Swyft Filings provides business name verification for all pricing tiers. However, it is recommended that you still perform a business search before placing an order. Many states allow you to search their registers online. A search with the federal trademark registration is also recommended. You can be sure that your LLC will use the name you choose.
When registering a new LLC, all states require that a fee be paid. This fee is variable depending on which state you are in and can range from $40 up to $500. Swyft Filings can collect this fee and send it to your state’s Secretary of State. This fee cannot be refunded. Additionally, the fee is not refundable.
Important to take into account is how long it takes to set up your LLC. It depends on where you file, when you file it, and whether expedited filing is chosen.
Swyft Filings lets you choose between Standard and Express processing. For most (but certainly not all) states, the Premium package includes the Swyft Filings option for Express processing. This option can be added to other tiers by paying an additional fee. Standard filing is required in most states. Your LLC will be formed within 7-20 business days.
Express processing reduces the formation time to between a few days and one business day.
Your approval documents will arrive from the state once your LLC is established. They can be sent via FedEx or 1st Class mail within a few working days. You will be able to access your documents electronically if the Premium package was purchased.
The law requires every business to appoint a registered agent. The registered agent is the point-of contact for the government in certain legal matters, such as delivery of service. The service of process is how you are notified of any lawsuits against your.
It is essential to make sure you have a trustworthy registered agent. It is important to not miss critical and possibly time-sensitive legal notices. While you can appoint yourself to register as an agent, many businesses opt to outsource this task to a professional or law firm.
Once you’ve appointed a registered representative, your contact information will be made public and available to anyone.
These are just a few reasons you may not be able or willing to act as your registered agent:
* You want to guard your personal data and you don’t wish your name or address to be made public.
* Your company will be able to operate in more states than one
* Your business doesn’t need a physical address
* You can’t always be at an address during business hours
* You are not a United States citizen
Swyft Filings gives you the option to allow them to appoint an official registered agent to your LLC. Swyft Filing’s Terms of Service revealed that LegalCorp Solutions, which is based in Wilmington, Delaware, provides registered agent service.
Swyft Filings collects the annual fee for their partner company once they have been appointed. You may also be appointed as registered agent by a company other that LegalCorp Solutions, according to the terms of service.
Swyft Filings, unlike many competitors, doesn’t markup the cost of third-party registered agent services – it’s $149/year, regardless of whether you purchase it directly through LegalCorp or secondhand via Swyft Filings. But, you may find a cheaper alternative that offers a similar service.
Be aware that if you cancel the registered agent service later, you will need to appoint a replacement registered agent with the state in which you operate.
You can cancel your engagement only if you have proof of a new agent being appointed. LegalCorp may continue to charge your annual fee if you don’t appoint an agent.
Customized legal documents
Standard and Premium packages include these features, but they are $25-$35 each for the document
After forming your LLC, there are some legal documents you’ll need. These documents can include an operating agreement and a bank resolution. Swyft Filings can provide you with customized form documents for no additional charge if they offer their Standard of Premium services packages.
An operating agreement, which is a contract between the members in a limited liability company, outlines key details such:
* How members are divided on the percentage of company interest
* How profit is divided among members of the LLC
* How to manage the company
* What happens to a member who decides to leave the company
* What happens if a family member becomes incapacitated or dies?
* What circumstances may the company be dissolution?
An operating agreement can protect your company’s limited liability protections in case they are challenged later. Your LLC could be treated as a sole proprietorship, partnership or sole proprietorship without an operating agreement.
California, Delaware, Maine and Missouri require that you have an operating agreement in order to form a limited-liability company. You must also keep this operating agreement with your company records. Although operating agreements may not be required by other states, it is in your best interests to have one.
Most likely, you will also require a banking resolution. This document is typically required to open a business account for your LLC.
The third document available is a customized organizational minutes document. LLCs are not required to keep meeting minutes in the same way as corporations. You can decide whether you want this document.
These documents are part of the Standard and Premium packages. If you choose the Basic Package, you will need each document to be selected and paid for separately.
Get an IRS identification Number (EIN)
$79 or $70 off your formation package, depending on the package
Most businesses in the United States require an Internal Revenue Service taxpayer identification number. Federal employer identification numbers (EINs) are required for both LLCs and corporations. This 9-digit number can be used by IRS to track corporations for tax purposes. It is similar to an SSN for individuals.
EINs are required for most businesses. An EIN is required for every LLC if the following conditions are met
* It has employees or will hire them
* It is going file excise taxes returns
* It will have more members
* You want your LLC to be treated by the IRS like an S-Corporation
* If your state requires it, you must have an EIN
EINs are required in order to open business bank accounts. Click here (PDF), for more information on the EIN.
Swyft Filings may obtain an EIN on your behalf from the IRS for a fee. After you fill out a short questionnaire, Swyft Filings will file and handle all the paperwork.
We do not recommend paying for any EIN services. The IRS website allows you to obtain your EIN for free in just a few seconds. Online applications for EINs will instantly get you your number. Alternately, you can file form SS-4 online, by fax, mail, or in-person at an IRS Office.
Click here for the IRS online EIN Application Tool. It’s quick and easy, and you’ll get your number within minutes.
Even if you don’t live in the United States, and you don’t have social security numbers, you can still apply for an EIN to your business. However, it may take longer. Swyft Filings advises that you call them before you order, if you have any questions.
Web design and web hosting
Website building only available in Premium. All packages include domain name
All Swyft Filings packages include free domain name registrations for your business for a year. Your company’s website address is known as URL. You have the option to choose which TLD to use (e.g. com, .net, etc. ).
Only one year is allowed to use your free domain name. You will need to pay an ongoing fee to keep your domain name registered to you business if you wish to keep it for longer than one year. If you plan on using your name, ensure that it is properly registered. Someone else may be able to get your registration if it expires.
Swyft Filings will also assist you in setting up a website to promote your new business. Swyft Filings Premium packages offer the chance to get a free website built for your business. This service is optional and you can opt out at any time.
Swyft Filings, like many other services, offers this product in partnership to a third-party provider. Swyft Filings’ website does not list the name of the partner. Rocketbuildr was our website builder and hosting provider.
You can use this service to create a site, personalize it using a range of templates, and then have it hosted. Your website can be used on both mobile and desktop devices. Your website can also be used as an online store.
Three months of hosting are included in this service. After that, you’ll have to pay for the ongoing costs of hosting your website. Rocketbuildr claims that they charge $25 per Month for website hosting.
Swyft Filings FAQs
What does Swyft Filings do exactly?
Swyft Filings will help you to create an LLC or corporation online. They also offer related services like filing for an EIN, drafting legal form documents, and other such things.
Swyft Filings: How much does it cost for an LLC to be formed?
Swyft Filings Basic package is $49 plus applicable state fees. You can also choose from a Standard package at $149 or a Premium package at $299.
Is Swyft Filings legit?
Swyft Filings can be trusted. They’ve been in business for over five years and have many positive reviews from multiple review sites.
Swyft Filings suitable for LLC formation
Swyft Filings may be a good choice for LLC formation. They can create your LLC at a low price and with quick turnaround times.
Who should purchase the Premium Package from Swyft Filings?
Swyft Filings Premium suits those who are looking for the most complete package. Keep in mind, however, that the Premium package does not include certain key services like a registered agent.
Swyft Filings’ best fit for you?
Swyft Filings offers an affordable, easy-to-use online option to create LLCs.
What are the benefits to using Swyft Files?
Swyft Filings also offers customers a few benefits. ComplianceAlert allows customers to register a domain name (URL), for free, for one year. There are also offers from partners companies such as a 30-minute consult on tax.
What does Swyft Filings offer over other formation services.
Swyft Filings may be a good service. However, there are many competitors that can offer the same services at a cheaper price. Swyft Filings is dependent heavily on its partner companies, and may not offer certain services.
How is Swyft Filings Rated?
Sitejabber (4.5/5) and Trustpilot (4.65/5) give Swyft Filings high marks.
Do Swyft Files offer good customer service?
Swyft Filings offers excellent customer service. Each customer gets a business specialist assigned by Swyft Filings. They also provide an email address and a phone number for customers to contact them. You can reach Swyft Filings customer service here, by email at firstname.lastname@example.org, or by phone at (877) 777-0450.
Where does Swyft Filings operate?
Swyft Filings has the ability to create LLCs in all 50 States and the District of Columbia. They can also assist with non-residents in forming business entities.
How do I cancel Swyft Filings?
Contact them, or their partner company. Swyft Filings can provide most ongoing services through partner companies such as LegalCorp Solutions. Swyft Filings might not have the ability to provide a partner service if you have purchased one.
Does Swyft Filings offer a refund policy
Yes, but only under certain circumstances. You can return your money if Swyft Filings files an error. Please request a refund within sixty days. The fees charged by the state, third parties, and shipping charges are non-refundable.
Is Swyft Filings available?
Swyft Filings can be found in Houston, Texas. If you would like to reach them, you can do so online, by email at email@example.com or by phone at (877) 777-0450.