Frequently Asked Questions

Our FAQs section is designed to provide clear and concise answers to your most pressing business questions. Whether you're exploring company formation, compliance requirements, or seeking guidance on managing your operations, this resource simplifies complex topics to help you make informed decisions. Navigate with confidence and find the solutions you need quickly and easily.

LLC

An LLC, or Limited Liability Company, is a business structure that provides personal liability protection for its owners while offering tax flexibility.

The timeline varies by state, but with Swyft Ventures, you can expect quick and efficient processing.

Costs include state filing fees and any additional services you choose, such as expedited processing or Operating Agreement drafting.

Yes, an EIN is essential for tax purposes and opening a business bank account.

Yes, but you may need to register as a foreign LLC if you operate in your home state.

While not required in all states, it’s highly recommended to outline ownership and operational details.

We offer compliance services, annual report filings, and other business support solutions.

Yes, we can assist you in transitioning your sole proprietorship or partnership into an LLC.
Form a C Corportaion

A C Corporation is a business structure where owners are taxed separately from the entity.

Processing times vary by state but typically range from 2–4 weeks.

C Corporations are subject to double taxation but offer tax-deductible business expenses.

Yes, some states require additional licenses to operate legally.

There is no limit to the number of shareholders in a C Corporation.

Yes, C Corporations can issue multiple classes of stock.

Costs depend on state filing fees and any additional services you choose.

Yes, an Employer Identification Number is required for tax and banking purposes.
Form an S Corportaion

An S Corporation is a special type of corporation that allows for pass-through taxation, meaning profits and losses are reported on the owners' personal tax returns.

To form an S Corporation, you need to file Articles of Incorporation, obtain an EIN, and file Form 2553 with the IRS to elect S Corp status.

The time it takes to form an S Corporation depends on the state’s processing times, but generally, it can take anywhere from 1 to 3 weeks.

Yes, an LLC can elect to be taxed as an S Corporation by filing Form 2553 with the IRS.

Benefits include pass-through taxation, limited liability protection, and potential savings on self-employment taxes.

While not required, working with an experienced service provider like Swyft Ventures ensures everything is filed correctly and on time.

Yes, you can form an S Corporation and elect the status through IRS Form 2553.

The cost depends on your state’s fees, but we offer affordable packages to help you set up your S Corporation correctly.
Form a Non-Profit

The first step is to decide on your nonprofit's name and mission. Afterward, you'll need to draft articles of incorporation and submit them to the state.

An EIN (Employer Identification Number) is required for tax purposes, and it’s necessary for hiring employees and applying for 501(c)(3) status.

Yes, but without 501(c)(3) status, you will not receive tax-exempt benefits. Applying for 501(c)(3) is highly recommended for most nonprofits.

The time can vary depending on your state and the complexity of your application, but it typically takes a few weeks to a few months.

Fees for forming a nonprofit can vary depending on the state and services you require. Swyft Ventures offers affordable packages to help.

While it’s not legally required, having an attorney can be beneficial for complex legal matters. Swyft Ventures’s team can assist with all the required paperwork.

Yes, but changing your nonprofit’s name requires filing an amendment with the state and may involve additional paperwork.

Yes, a nonprofit can generate revenue through donations, grants, and business activities, but the earnings must support the nonprofit’s mission.
Swyft Ventures simplifies business formation and growth for your success.
  • • LLC
  • • Form a C Corporation
  • • Form as S Corporation
  • • Non Profit

Start your Company formation

Swyft Ventures simplifies business formation and growth for your success.
  • • LLC
  • • Form a C Corporation
  • • Form as S Corporation
  • • Non Profit

Start your Company formation