Many business owners wrestle with the idea of whether they should incorporate their businesses or not. After all, as a sole-proprietorship (which is how most companies start in the US), their businesses function just fine.
If it ain’t broke, don’t fix it? Right?
As a business owner, you need to understand that incorporating your business has numerous perks. It’s an investment that could, among other things, protect you and your family down the road.
Benefits of Incorporating Your Business
Limited Liability Protection
By incorporating your business, you effectively create a barrier between your assets and the business’s liabilities. If a creditor requires more than the company has in assets, they can’t come after your home, car, bank accounts, etc.
Continuity of the Business
A Corporation or LLC filing ensures the business continues to exist indefinitely. Moreover, transfer of ownership is much easier.
Generally speaking, a business will receive the most tax benefits by incorporating into a Limited Liability Company (LLC) or Corporation. The IRS allows these business formations to take advantage of pass-through taxation.
The fact that the business is incorporated is made clear to your customers and partners which dramatically improves the business’s credibility. It indicates that you are serious about the company, and this builds trust.
Differences between LLC and Corporation
Corporations are among the oldest business entities in existence. Corporations offer a predictable structure, easy transfer of shares, and perpetual existence.
A Limited Liability Company is similar to a Corporation but offers a more flexible means of management, paying taxes and lesser recordkeeping. Both entities provide business owners with the same liability protection.
Corporation vs. LLC Ownership
Owners of a corporation are known as shareholders. Each shareholder is issued with shares that correspond to their percentage ownership of the Corporation. LLC owners, on the other hand, are referred to as members.
Each LLC member owns a portion of the business, which is called a membership interest. Unlike a Corporation, the transfer of an LLC membership is somehow restricted. You may require the approval of other members before making a transfer.
If you are a small business owner and want to be able to pick your business partners, you will appreciate the LLC restrictions. However, if you plan on issuing shares and seeking outside investors, then a Corporation may be more suitable.
Taxation for Corporations and LLCs
LLCs don’t have a specific tax classification. They can be taxed as a partnership, S-Corporation, C-Corporation, or sole proprietorship. Despite this, they have the flexibility of choosing how they’ll be taxed. Corporations, on the other hand, can be taxed either as an S-Corporation or a C-Corporation.
Which is the Better, LLC or Corporation?
Truthfully, there’s no easy answer. Each business is unique, and your choice will depend on your current business needs. However, if you are starting your business, you may be better served by filing as an LLC.
Later on, as the business advances and expands, switching to either a C-Corp or S-Corp will make more financial sense. Why? Because as income from the business increases as an LLC, so does the self-employment tax.
Assuming you’ve made up your mind to proceed with incorporating your business, where do you start? Well, you have three alternatives at your disposal. However, your selection will significantly depend on your budget, time, and experience.
The DIY Route
The first option is to incorporate yourself or have a friend who’s knowledgeable regarding the entire process to handle it for you. This option is the most affordable in monetary terms and will allow you to learn a thing or two regarding LLC formation.
The downsides include having to handle most of the paperwork. So, if you lack the time, then this option may not be suitable for you. Additionally, you are likely to make some errors during the filling of the incorporation documents if it’s your first rodeo.
Hire an Attorney
Since time immemorial, companies that couldn’t afford an in-house attorney would contract a lawyer to help them incorporate their businesses. As a small business owner, this is attractive as you don’t have to run payroll for the attorney.
Additionally, there are fewer hustles other than instructing your attorney and signing the legal forms. Similarly, you get a customized filing experience, particularly if you have a complex business situation, not to mention unlimited legal advice.
Lastly, you have legal recourse if something goes wrong- most attorneys are insured. On the flip side, legal services aren’t cheap. With most attorneys billing by the hour, you can look forward to a bill in the range of hundreds if not thousands of dollars.
Online LLC Service Providers
The last means of incorporating a business is by using online business formation firms like Swyft Filings, Rocket Lawyer, Inc Authority, etc. These firms are the middle ground between the DIY and the attorney.
They charge far lesser fees for the same business services than any lawyer would, yet your incorporation documents are professionally prepared and filed on your behalf.
Most internet-based business formation service firms like Swyft Filings require you to fill up an easy questionnaire to use their services- it’s as simple as that!
Aside from their ease of use and affordability, these firms are renowned for their prompt services. If you are in a rash, you can opt to have an expedited filing to ensure you are open for business in the shortest time possible.
There are two sides to a coin, and these companies aren’t different. Naturally, they’ll cost more than if you handled the incorporation yourself. Also, there’s limited recourse if something goes wrong-however, most of these firms offer a 100% money-back guarantee.
So, now that you have a clue of the options on the table, we will delve into one of these alternatives- incorporation service providers. We shall look at two of the most sought-after online filing firms- Swyft Filings and Inc Authority.
For those looking for an individual Inc Authority review, please check the other blog posts. In my Inc Authority post, I take you through the entire incorporation process with the filing giant and much more. If you are seeking alternatives to Rocket Lawyer, you’ll be pleased to know both firms are sufficient.
Back to the business at hand- the purpose of this Swyft Filings vs Inc Authority review. This post is meant to make it easier for you to pick the most suitable filing firm to register your Limited Liability Company.
To further simplify the process, we are going to look at seven pivotal points. These are crucial to the success of your business. Let’s get into it.
Steps of Incorporating a Business
When starting an LLC or Corporation, you’ll need to file your legal documents with the State you’ll be operating in. Each state has its own set of rules, licenses, permits, and procedures. However, the following steps are ubiquitous across most of the states.
Choose a Business Name
Naturally, you have to come up with the name of your LLC/Corporation. To further aid you with this, nearly all business formation firms offer name searches as additional services for free. This way, you can learn whether your choice of name is available or not.
If you are not planning on incorporating immediately, you have the option of reserving that name for later use.
Select a Registered Agent
Nearly all states mandate LLCs and Corporations to appoint a registered agent. These individuals are in charge of receiving official legal documents from the State and notifying you about this. You can either act as your registered agent or appoint a third party.
An Operating Agreement is a legal document that describes how the LLC/Corporation will be run. However, not all States require this document during the filing process. Irrespective of this, drafting this document is wise as it could help minimize any future issues that may face your business.
Articles of Organization
Unlike an Operating Agreement, all States require Articles of Organization to register an LLC or Corporation formally. This document details the powers, responsibilities, liabilities, obligations, and duties of each member of the business.
Employer Identification Number
All businesses operating within the US are expected to pay taxes, and an Employer Identification Number is used for filing business taxes. This number is also necessary while looking to open a bank account, hire employees, carry payroll, etc.
Open a Bank Account
Filing for a Corporation or Limited Liability Company separates you from the business, thereby offering you legal protection against the company’s liabilities and debts. Thus, you need to separate the company’s finances from your own by opening a separate business account for your LLC/Corporation.
Obtain your Certificate
Once all the necessary paper-work is filed through the Secretary of State’s office, you’ll receive your official certificate of incorporation. From here, you’ll need to verify whether you require additional permits and licenses before welcoming your first clients.
Similarities between Swyft Filings and Inc Authority
Before we get to the differences, let’s have a quick look at what the two firms have in common.
Ease of Use
Both Swyft Filings and Inc Authority make it easy for you to get started using their platforms. All you have to do is fill up a short series of questionnaires. Assuming you have your entire information ready, the whole process should take roughly 30 minutes.
The LLC service providers have years of experience with over 20 years between them. Over the years, they have gained immense expertise in setting-up different kinds of businesses, both large and small.
A look at both firms’ profiles on TrustPilot yields thousands of positive reviews. A good majority of their clients are pleased with their services.
A good number of LLC service providers tend to struggle when it comes to providing reliable customer support. However, this doesn’t seem to apply to these titans. The internet is awash with countless happy clients that praise their support team.
Value for Money
Both Swyft Filings and Inc Authority offer value for money. They take the load of registering your business off your shoulders. They do all this at a fraction of what an attorney will charge you.
It’s a no-brainer; as an entrepreneur looking to grow your business, later on, you want to partner with the most experienced filing firm. This allows you to tap into the wealth of experience needed to incorporate your business correctly.
As Darwin stated, only the strong will survive. While picking an LLC formation firm, always go with the one that’s been around the longest. Why? Because apart from their experience, it increases the odds of them being around in the foreseeable future.
Swyft Filings is a relatively young firm in the ever-crowded business filing niche. The online LLC formation firm first opened its doors in 2012. Despite being younger than Rocket Lawyer and other seasoned filing firms, the company has managed to command the admiration and following of thousands of happy clients.
The company prides itself in providing the correct way of registering your Corporation or Limited Liability Company. With a fast turnaround time and personalized customer support, it’s no wonder why they’ve managed to become so successful.
Over the years, the privately held firm has played a crucial role in helping thousands of entrepreneurs pursue their dreams and aspirations.
This is the granddaddy of online filing. They might as well have conceived the entire idea. Formerly known as Inc For Free, the firm has been actively supporting small businesses since 1989. Inc Authority offers its clients a quick, reliable means of registering companies.
With 30 years of experience, the firm is undoubtedly the most experienced out there. At the time of writing this, the firm has formed hundreds of thousands of businesses.
The firm’s business executives are always eager to help you out with your subsequent business formation.
So, what makes the company tick? What sets them apart from the likes of Rocket Lawyer, Swyft Filings, Legal Zoom, etc.? For starters, they are committed to providing unparalleled customer service, quick turnaround, and reasonably priced products and services.
You simply can’t argue with the numbers. With 30+ years of experience, few companies can hold a candle to IncAuthority’s years of experience. As such, the firm scores the first point on our list.
While comparing firms like Rocket Lawyer, Swyft Filings, Inc Authority, or any other online business filing firm, you need to pay close attention to their formation packages. Not only do they need to be reasonably priced, but they need to offer a sizeable amount of the products that go into LLC formation.
Most start-ups and small businesses typically operate on shoestring budgets. Hence, we are going to stick to the entry-level packages from both platforms.
Swyft filings offer its clients a total of 3 formation packages. These are Premium, Standard, and Basic packages. These packages retail at $299, $149, and $49, respectively.
The Basic plan offers Name Availability Check, Articles of Organization, Lifetime Personalized Customer Support, Free 30 Minute Business Tax Consultation, Compliance Guard, Free Domain Name, Document Filing with Secretary of State, online Access to Your Incorporation Documents.
Swyft Filings charges $70 for an Employer Identification Number, $35 for a Custom LLC Operating Agreement, and $30 for a Custom LLC Banking Resolution.
The most remarkable feature that Inc Authority has going for it is FREE LLC or Corporation filing at the time of writing this. The firm waives any filing fees. Therefore all you need to contend with is settling the State filing fees.
With your FREE filing, you get a Business Name Check, Preparation of Filing Documents, Free Registered Agent Services For A Whole Year, S-Election Form, Inc Care Support, Tax Planning Consultation, Business Credit and Funding Analysis, and Digital Storage and Delivery.
Other than that, Inc Authority also operates Starter, Executive, and Tycoon packages. Sadly there are no transparent prices for these discounted packages. If you are interested in any of the three, you need to get in touch with the team. Call them on 877-684-2836.
Products and Features
As your business progresses through the various stages of growth, you will require additional support and services. Most filing firms are aware of this and make a point of ensuring you get all the necessary help.
Manage Your Business
An initial report also referred to as Statements of Information, is required by some states to keep your business in good standing. As the name suggests, this report is typically filled at the beginning of the formation of the LLC or Corporation. Failure to file the report could open you to fines.
EIN/Federal Tax ID
Any business operating within the US is required to apply for an Employer Identification Number (EIN). It’s issued by the IRS for free and is used to identify a business entity. When it’s used to identify an LLC or Corporation for tax purposes, it’s referred to as Tax Identification Number (TIN).
Amendment and Name Changes
If the name of an incorporated company changes, an amendment must be filed with the State of incorporation. Any changes that occur with the business need to be communicated with the Secretary of State at all times, lest you face litigation.
If you are contemplating changing your LLC to a Corporation and vice versa or any other business entity to another, you need to file for the conversion. Swyft Filings takes care of all the paperwork and makes the entire process seamless and comfortable.
If you are looking to carry out business outside of your State of formation, you should apply for foreign qualification with the new State. This ensures that you remain in good books with the State as it proves you are permitted to operate within that State.
Change of Registered Agent
If you are tired of acting as your registered agent and want to change agents, have no worries, Swyft Filings has got you covered. For $149, the firm will make the entire process as smooth and stress-free as possible.
Are you done doing business in a foreign State? If so, Swyft Filings can help you with a withdrawal filing. This way, you are no longer legally obligated for taxes in that State.
501(c) (3) Application
A 501(c) (3) business is exempted from Federal Income Tax under section 501(c) (3) of the United States Code. Religious organizations, Charitable, Scientific, Educational, and Literary organizations typically need to file this form during tax season.
An Apostille is an authentication document used in countries that participate in the Hague Convention of 1961. In the US, the Secretary of State’s Office issues the document to US citizens and foreign nationals on documents to be used overseas.
Businesses close for several reasons. Regardless of which reasons have made you decide on closing shop, you need to ensure it’s done correctly. Failure to do this will make you liable for business taxes with your State of formation.
Digital Corporate Kit
Your digital corporate kit ensures you have unlimited access to your customized corporate document from your secured cloud-based account. Don’t be fooled into overpaying for gold-embossed physical corporate kits, as there’s no state law that mandates the type of binder or paper.
A Minute Manager enables you to conduct periodic meetings to keep your Corporation or Limited Liability Company in compliance with the law and maintain your personal liability protection. The feature makes holding annual shareholders, board of directors, managers, or member meetings easy.
Business Licenses and Research
The fact that you’ve received your certificate of incorporation doesn’t mean you are ready for business. Some states require you to obtain specific permits and licenses also. Swyft Filings will research the permits and licenses you need before welcoming your first clients, thereby keeping the business compliant.
Corporate Bylaws and Resolutions
Corporate by-laws are critical legal documents that serve to govern the day-to-day operation of a Corporation or LLC. This document contains specific information that’s crucial to the success of a company.
Seller’s Permit (Sales Tax ID)
If you start a business or start selling products, you need to apply for a seller’s permit. Basically, the State-issued permit allows you to sell products or services and collect sales tax. A Sales Tax ID enables the State to control the process of collecting, reporting, and paying sales taxes.
LLC Operating Agreement
An LLC Operating Agreement is a legal form that details the rights and responsibilities of each LLC/Corporation member. Additionally, it establishes how decisions are made, how new members are admitted, when meetings are held, and much more.
Registered Agent Services
A Registered Agent is an individual or entity that serves as a go-between your business and the government. They receive any legal documents from the State and send them over to you. A business must have an appointed agent available at all times of the business hours to remain compliant with the law.
S-Corp Election (Form 2553)
Proper filing can help save you thousands of dollars in taxes. If your business qualifies, you can apply for an S-Corp election with the IRS; this way, the business gets taxed as a partnership rather than a corporation or LLC.
As a business, you never know which road your business will take down the line. At times, a bank or another governmental agency may require you to authenticate your filed business entity. This is where certified copies of your registration papers come into play.
Certificate of Good Standing
Banks and other business partners, including vendors, may, at one point or another, want to verify that not only are you compliant, but you truly are who you say you are. Swyft Filings can help you in attaining a Certificate of Good Standing with your State.
Trademarks make it easier for customers to identify your business. Easily register your trademarks so that only you have the exclusive rights to use them within the United States. Registering a trademark guards against infringement and offers you the ability to be compensated if someone uses your trademarks.
As a business, having a healthy line of credit is vital. Inc Authority’s BizCredit Express program is crafted to assist you in building up your credit rapidly. The firm’s business experts and proprietary tools will help you maximize your credit score with major credit reporting bureaus.
Revocable Living Trust
Failing to set-up a revocable living trust will see your assets go through probate when you pass on. Probate refers to the legal process for settling claims against the decedent and for distributing their assets.
Kick start your business ambitions on the right foot with a fully customized business plan. Get access to a dedicated business plan advisor who will handle all the research, analysis, projections, writing, and editing of the business plan. They’ll even handle any revisions.
This program is meant to assist both new and old business owners in acquiring much-needed working capital. This is accomplished by utilizing the best low-interest business and personal loans available in the market.
Website and Marketing Package
As great as your product is, it won’t fair too well if it’s not sufficiently marketed. This product enables you to communicate with a private website designer to develop a design that reflects your products and ambitions.
An annual report is a legal document that LLCs and Corporations must provide to their shareholders at the end of each financial year. It describes the firm’s operations and financial condition. They became a regulatory requirement following the stock market crash of 1929 Name Check and so on for Free. Ultimately, the filing firm (Inc Authority) scores another point.
Having a reliable customer support team is paramount to the success of any business. To increase efficiency, firms need to offer multiple means of communicating with support; this includes phone, email, chat, snail-mail, and social media.
Swyft Filings is one of the very few Corporation/LLC formation firms that offer live chat as a means of communicating with the support team. You can also talk to the teams via phone; call them on (877) 777-0450 Monday – Friday 9 am – 6 pm.
Do you have any questions or concerns? Contact us by dialing (877) 462-6366. Additionally, you can send an email to Info@IncAuthority.com. The support team is available Mon – Fri 8 am – 5 pm (PST).
If you prefer, you can also send them snail mail. Address it to 5605 Riggins Court, Suite 200
Reno, NV 89502
Lastly, there’s an online contact form you can fill up with your queries during. The team makes a point of getting back to you within the first 24 hours.
Both Swyft Filings and Inc Authority run various social media pages. A majority of clients prefer taking to these platforms in case they have any queries and concerns. Both Swyft Filings and Inc Authority have relatively similar customer support teams.
A quick look at the various feedbacks regarding the teams on Trust Pilot can attest to this. However, I love the fact that you can have a live chat with a person (not a robot) on Swyft Filings. Thus, thanks to this innovation, the firm bags itself a point.
A majority of consumers tend to rely heavily on product reviews when looking to make a purchase- and for good reason. This helps reduce the chances of purchasing a faulty, sub-par product. The same principle applies when comparing LLC formation firms.
A word of caution, though, ensure that whichever site you get the data from, the source is renowned and trustworthy. There have been instances where companies pay for positive reviews. In our case, we are going to use two of the industry pacesetters- Better Business Bureau (BBB) and Trust Pilot.
A quick look at the companies profile on the Better Business Bureau indicates that the LLC formation firm has had a total of 55 complaints over the past 12 months. The issues are typical and can be found with any other firm within the niche.
They include issues with being placed on hold for long, being double charged for the same service, slow turnaround, and so on. However, all the complaints have been resolved amicably, and the clients are satisfied with the efforts.
Swyft Filings has managed (at the time of writing this) to amass a total of 2,949 reviews. Of which, a total of 93% are positive, with the customers speaking highly of the firm. Most state that they are willing to recommend the firm to their friends and family. Only 6% rated them bad/poorly.
Like before, the complaints are few. Most of them have managed to get the attention of the team at Swyft Filings and have been resolved. There are very few complaints, a positive indicator of the LLC formation firm’s abilities.
Despite this, the few that I could come across range from issues to do with refunds, slow turnaround, friction with the team, and so on. But overall, a sizeable portion of the clients are pleased with the firm’s formation services and customer support.
A search for the incorporation firm on BBB indicates that the company’s profile hasn’t been updated on the platform. Inc Authority still goes by Inc for Free. Anyhow, the company has had a total of 8 complaints within the last 12 months.
Like its competitor, most of the complaints have been resolved. However, there exists a couple that is yet to be determined. A glance at a few of these complaints includes issues to do with the wrong capture of client data, difficulty reaching some team members, slow refunds, and so on.
The 30 years of being around are reflected by the number of reviews the firm has on Trust Pilot- 5,007 in total. A solid 96% of the reviewers are happy and pleased with the firm, while 4% have rated the firm bad/poorly.
Like its competitor, most of those that reviewed the LLC formation firm have praised its support team, seamless service, ease of use, and so on. There are very few disgruntled clients. However good the company is, they are not perfect.
Those that were not happy with the legendary incorporation firm stated that they faced issues with aggressive upsells, unauthorized charges, misleading information, and so on.
Just as customer reviews have a certain weight on your final decision, so does a companies’ overall rating. Here’s how both firms performed on BBB and Trust Pilot.
Swyft Filings isn’t accredited by the BBB. However, thanks to the customer reviews, the firm attains a rating of 4.21/5.
Things are totally different on Trust Pilot, though. The business formation specialist attains a score of 4.6/6, which is pretty impressive.
This Rocket Lawyer alternative is unfortunately un-accredited by the BBB but is rated as F. Despite this; the company scores a solid 5/5 rating.
Just as Swyft Filings underperformed on BBB but nailed it on Trust Pilot, this LLC service provider smashes the ratings with a 4.8/5 score.
Coming back to our scorecard, both of these LegalZoom alternatives have impeccable customer support teams, but the figures speak for themselves. Thus, I award the customer review and rating point to Inc Authority.
- Personalized customer support ensures that your queries are resolved in record time.
- Swyft Filings offers an easy-to-use process that makes for a seamless formation service. You don’t have to be a computer wizard to use their services.
- The firm has been around for a long time, something that’s made them one of the most experienced LLC formation service providers in existence.
- Unlike other business formation service providers, the filing giant has a reliable customer support team. Something that’s helped in their success.
- The 100% money-back guarantee is a good touch. You can rest assured to receive your cash if you are not contented with the services, minus the State filing fee, of course.
- Not so many firms in its niche offer live chat capabilities, something I totally love about the firm.
- This Rocket Lawyer competitor has some of the most competitively priced products in the market.
- The automation of reminders ensures that you’ll never miss an important event such as tax season and filing compliance reports.
- The firm is one of the oldest, if not the oldest online LLC formation company in the industry.
- Inc Authority doesn’t charge any fees for their incorporation service; all you have to do is pay the State filing fee.
- Inc Authority has a seasoned team of customer support staff that ensures no queries go unattended.
- The company enjoys thousands of positive reviews of Trust Pilot, indicative of their quality of services.
- The platform is easy to use and straightforward. All you need to do is fill up a short questionnaire.
- Unlike Swyft Filings and Rocket Lawyer, Inc Authority offers FREE Registered Agent Services for up to a year.
- The fact that they charge for Registered Agent Services and Employer Identification Number when it’s freely accessible from the IRS is a downer.
- Swyft Filings charges $70 for EIN, yet it’s freely accessible via the IRS.
- The company isn’t BBB accredited
- The LLC service provider’s upselling can be a bit too aggressive.
- The company doesn’t offer a free Employer Identification Number.
- Inc Authority’s Premium plans are costly compared to its competitors like Rocket Lawyer and Swyft Filings.
Swyft Filings offers its clients dedicated and personalized customer support. All purchases on the platform have a 100% money-back guarantee. They’ve been around for quite a long time now and have accumulated plenty of experience over the years.
At $49 + State filing fee, the LLC service provider’s Basic plan is among the most affordable and sought-after formation package. They have a solid rating on Trust Pilot, and 93% of their clients are happy with the companies’ formation service.
Inc Authority has been serving entrepreneurs and small business owners since 1989. Over the years, it has managed to incorporate 130,000+ businesses. Their support team is one of the best I’ve seen so far, have a look for yourself.
To conclude the Inc Authority vs. Swyft Filings review, I would like to state that you are in good hands irrespective of whichever firm you pick from the two. But, ultimately, I would recommend Inc Authority over Swyft filings. The firm offers more value for your money. I hope you have found value in this comparison piece.
How do online LLC formation service providers work?
These firms exist to streamline and ease the process of registering a business entity. The way they work is straightforward. All you need to do is fill up a simple questionnaire with your personal and business details. Then the firm files your documents with the Secretary of State.
Which State is the best to incorporate in?
There’s no straight answer to this; however, it’s always best to go with your current State of residency. However, if you wish to take it a step further, consider weighing your decisions against the States’ tax policy and judicial system.
Can I be my Registered Agent?
Absolutely! However, please note that you will have to be available throughout business hours to remain compliant with state regulations. Failure to do so could lead to dire consequences. Considering it’s difficult to guarantee that you’ll always be available, it’s best to appoint someone else to serve as your registered agent.
Is it better to handle the incorporation yourself or use a business filing company?
LLC service providers have amassed tons of experience over the years. Additionally, they work hand in hand with business specialists that know their way around incorporating a business and law. While you can handle a good portion of the paperwork yourself, it’s always best to use their services rather than cut corners.
How to pick a legitimate online business formation firm?
The journey starts with a quick look at your local State’s registry. Each firm that operates in your State needs to be registered and dully licensed by the State. Additionally, leverage tools like Trust Pilot and Better Business Bureau to avoid chances of being scammed.
Are business registration firms suitable for everyone?
Yes and no. We have established that firms like Rocket Lawyer, Swyft Filings, Inc Authority, etc., are every entrepreneur’s best friend. However, if you operate a sole-proprietorship, you may not necessarily require these firms’ services- unless you are looking to switch to a corporation or LLC.
How much do incorporation services cost?
The costs vary depending on several factors, including your choice of firm, State of formation, incorporation/LLC formation package, additional add-ons, your business needs, and so on.
Can Swyft Filings or Inc Authority substitute an attorney?
No, they can’t. Internet-based business formation service providers can’t be used as a replacement for an attorney. If you are faced with legal challenges, consider seeking the assistance of a law firm or attorney.
Which is better, a Corporation or an LLC?
Both entities have their strengths and weaknesses. Ultimately, it boils down to the current stage of the business. As a start-up, it’s better to commence your operations as a Limited Liability Company.