Swyft Filings Review. Is it right for your business?
August 19, 2021 | By Matthew Dunn | LLC Service Reviews
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Swyft Filings: A Viable Option For Your LLC Formation Services Needs
Negotiating the waters of starting a new business can be confusing. There are several important decisions to be made in the early stages of getting your business going. Turning to a business formation company has become an increasingly popular option over the years If you choose to go in that direction, Swyft Filings LLC could be a good fit for your business needs.
Swyft Filings is a relatively late addition to the industry. This Houston Texas-based company opened its doors in 2012 after most of the industry leaders were well-established. Less than ten years in, they are ranked among the top five. They have formed more than 100,000 businesses and have tens of thousands of positive reviews from satisfied customers. Read on to get this Swyft Filings Review of their products and services.
In Depth Overview of Swyft Filings
Track Record
Swyft Filings LLC has formed over 100,000 businesses since they opened in 2012. They have tens of thousands of customer reviews online that are mostly positive. Take a moment and watch this Swyft filings YouTube review for a brief rundown on their company.
Business Formation
Swyft Filings offers business formation services for your choice of LLC, S-Corporation, Corporation, or Non-Profit. If you are currently a Limited Liability Company (LLC) who wants to take advantage of the tax benefits of an S-Corporation, they will easily help you with the conversion.
Ease of Use
The Swyft Filings website might well be the most user-friendly website in the industry. Their menus and services are clean, and it is easy to find what you are looking for.
Customer Service
Swyft’s customer service department is known for its quick turnaround and fast response. Unfortunately, they are not known for providing a lot of details that back up the answers. However, they do get the job done, and you are assigned your own customer service representative when you purchase services, which is a nice touch. With so many great reviews on the internet, they are doing something right.
Overall Value for the Money
The starting price of their basic package is a great deal, while the top package is too expensive for what is offered. The fact that you have to pay $149 a year if you want to use their registered agent service makes the price a little high. On the other hand, if you are looking for a basic package, have other ideas for a registered agent and want a domain name at startup, then this could well be a perfect package for you. If you are on a budget, they also will break your charges down to two payments which most other services will not do.
Swyft Filings Packages and Pricing
Swyft Filings offers three packages for LLC formation. There is an affordable basic package, standard package and premium package. Keep reading for more details about their three packages.
Basic Package $49 Plus State Fee
The basic package for LLC formation is $49 plus your state fee. Included in this package are:
Verification of name availability
The first step in the filings package is verifying that your chosen business name is available in your state. If unavailable, you will immediately be contacted by customer service for an alternate choice.
Preparation of Articles of Organization
We will review your information and create and complete all necessary paperwork to incorporate your business.
File Documentation with Secretary of State
Once your documentation is approved, by the Secretary of State, your Articles of Incorporation Certificate will be issued to you.
Statement of the Organizer
This is the documentation created by the Organizer that assigns elements of control of your business to the initial members of your LLC. This document can be used to open a business bank account.
Online Documentation Access
You will be able to access and download your electronic documents through your Swyft Filings account at any time. This is also where you can track the status of your filing.
Lifetime Customer Support
You will have access to customer support via phone and email throughout the lifetime of your corporation.
Free 30-Minute Business Tax Consultation
You will receive a free 30-minute tax consultation and webinar that will show you how to reduce your business taxes and give you important information on business tax requirements, including:
- How your business is taxed by the government
- Deductions that many business owners commonly miss
- How to legally pay yourself the right way
- How to use a business bank account
- What to do when your business has either a profit or a loss
- Staying in compliance with IRS tax requirements
ComplianceGuard™ Company Alerts
ComplianceGuard™ Company Alerts is our free tool that is designed to notify you of important due dates for state filings such as Annual Reports, Initial Reports, Publication requirements and any other deadlines that are required for your business.
Free Domain Name
You will receive a free domain name for one year for your company. You will also receive information on setting up a company website and email.
Standard Package $149 Plus State Fee
The Standard Package costs $149 plus your state filing fee. It includes everything found in the basic package as well as:
Federal Tax ID (EIN)
The Employer Identification Number (EIN) is essentially a social security number for your business. The IRS requires your business to be assigned an EIN before you can open a business bank account or hire any employees. This service would cost $70 as an add-on to the basic package.
Customized LLC Operating Agreement
An Operating Agreement is a legal document governing the financial and managerial rights of the owners of an LLC. This document protects the members from personal liability over actions on behalf of the business. The document will be customized with your company’s business information. This service would cost $35 as an add-on to the basic package.
Custom Banking Resolution
Many banks require an official Banking Resolution that lists which members and officers are authorized to open the bank account and perform business transactions with the account. This service would cost $30 as an add-on to the basic package.
Custom Organizational Minutes
Your first meeting with all the members of an LLC is called an ‘Organizational Meeting.’ You will need your filed articles of organization and your operating agreement for this meeting. Our customized document will include the most commonly used options and will be personalized with your company’s information. This service would cost $25 as an add-on to a basic package.
Premium Package $299 Plus State Fee
The Premium Package costs $299 plus the state filing fee, and includes everything in the Basic and Standard package as well as:
Electronic Delivery of State Documents
When Swyft Filings LLC receives your incorporation documents from the state, we will immediately download them to your online account. This service would cost $20 as an add-on to the basic and standard packages.
Customized Digital Corporate Kit
This kit contains tools that are designed to keep your company compliant, including:
- Company Seal
This customized digital seal will include your company name, the year and state where it was formed, and will allow you to properly mark your official company documents. - Customized Stock Certificates
You will receive 20 customized stock certificates to distribute formal ownership documentation to your company’s initial owners or shareholders. - Ownership Ledger
This is a dedicated ledger for you to properly document any company ownership transfers.
This service would cost an additional $99 as an add-on to the basic and standards packages.
Free Website and Web Hosting
As part of the premium package, you will receive a free website and three months of free web hosting through our third-party supplier. This is only available as part of the premium package. While you are not required to take advantage of this service, it is an added benefit that will help you launch your business online.
In addition to the services in all three packages, expediting options are available for your filing time. The costs of the expediting options are based on the state where you are filing.
Your documents will always be shipped first class. Expedited shipping through FedEx is included in the premium package. Expedited shipping carries an add-on cost of $25 to the basic and standard packages.
Other Services by Swyft Filings
Swyft Filings offers these other essential services to our customers.
Registered Agent Services ($149)
Every business in the US is required to designate a Registered Agent to receive process documents and other legal communications. Swyft Filings will supply Registered Agent Service for $149 per year.
DBA Name ($99)
A DBA name protects your business by allowing you the legal right to ‘do business as’ an assumed business name. The $99 price tag on this is very competitive.
Annual Report ($99)
The majority of US states require an Annual Report from entrepreneurs each year. The report confirms basic information included at your initial filing such as the name of your assigned registered agent and your legal business address.
Initial Report ($55)
Some states require the filing of an Initial Report when your business first opens. If you are filing in a state with this requirement, Swyft Filings can prepare your documentation for a $55 fee.
EIN ($79)
You can obtain an EIN from the IRS for free on your own. However, for the purposes of ease of use, Swyft Filings charges slightly more than the industry average of $70 for this service.
Amendments ($99)
Any amendments to your original LLC formation documentation need to be filed with the state. Swyft Filings will prepare and file your amendments with the state for $99 each, a price that is commensurate with the competition.
Conversion ($199)
If you are looking to convert your business to an LLC from a different classification, or decide that your company would do better as a Corporation or Non-profit, Swyft Filings will prepare the necessary conversion paperwork for $199. This service is unique to Swyft Filings as most competitors do not offer this service.
Foreign Qualifications ($199)
If your LLC is already filed in a different state, you need to file foreign qualification documentation instead of LLC formation paperwork.
Change of Registered Agent ($149)
If you change registered agents, you will need to file the change with the state using a very basic form. The competition charges up to $100 less for this service.
Withdrawal ($99)
If you want to revoke your right to do business in another state, you will need to file a withdrawal from that state. Swyft’s withdrawal service is fairly priced as few members of the competition offer this service.
Apostille ($75)
An Apostille certificate allows you to operate your business in foreign countries. For $75, Swyft Filings can file your Apostille certificates on your behalf.
Dissolution ($149)
If you find yourself in the position to close the doors of your LLC, Swyft Filings will prepare and file the dissolution paperwork that releases you from liability and ongoing maintenance requirements.
Digital LLC Kit ($99)
Online cloud-based document storage services. This carries too high a price since much of the competition offers this service for free.
Business License Research Package ($99)
This valuable feature provides you with a list of licenses and permits that your state requires you to have in order to remain in compliance with local, state and federal laws.
Seller’s Permit ($129)
A seller’s permit allows you to pay sales tax in your state. This service is unique to Swyft Filings as most of the competition does not offer this service.
Operating Agreement ($35)
Most business formation companies offer an operating agreement template. Swyft Filings does customized Operating Agreements for your business.
S-Corporation Tax Election ($99)
This service is for those who wish to have their LLC taxed at the rate of an S-Corp.
Certificate of Good Standing ($45)
Documentation that proves your LLC is in compliance with all of your state’s regulations. Most of the competition charge more for this service.
Certified Copy ($65)
If you require any official copies of your state-filed business documents, Swyft Filings will acquire them for you for a fee of $45.
Swyft Filings Pros and Cons
Every company has its pros and cons. After careful examination of the details of Swyft Filings, we believe that these are the pros and cons of their company offerings.
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This Swyft Filings Review considers these the Pros for the company:
- Swyft Filings offers services that the competition does not, including their conversion, withdrawal, seller’s permit services and Business License Research package.
- Quick processing times for business formation
- LLC Formation services for LLC, S-Corp, Corporation and Non-Profit businesses
- Free business name search on their site so you can check availability before you start the business formation process
- Business domain is part of every package
- Payment for packages can be broken into two payments.
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This Swyft Filings Review views the following as Cons:
- Registered Agent Service not included in packages, and a little pricey as a standalone service.
- Although Customer Service was quick in their response times, they only offered minimal information as a response even when pressed for more detail.
- Packages not as all-inclusive as those of the competition
- Too many of their services are outsourced.
- Upselling during the purchase process is a bit excessive.
Customer Experiences with Swyft Filings
According to TrustPilot, Swyft Filings ranks a solid 4.7/5. These mostly positive reviews repeatedly state that the customer service is excellent and the site is easy to use.
Should I Use Swyft Filings?
Swyft filings would be a good fit for you if you are on a budget and only require the most basic of services and have already chosen your registered agent. Likewise, if you like Swyft’s offerings, the ability to pay the fee in two payments instead of one could be a good deal for you.
But, it is worth noting that Swyft Filings is a small company that does not offer the same level of service as some other companies in their industry.
They rely heavily on third-party suppliers to provide many services, such as registered agents and attorney referrals.
Which can be expensive at $596 per year when compared with other comparable options available from competitors who don’t have this limited offering model.
Swyft Filings Cancelation
Note that Swyft Filings uses LegalCorp Solutions as a partner company to provide registered agent service.
To cancel Swyft Filings, at first, you would need to appoint a new registered agent service.
When you have proof that your old registered agent service is no longer acting on behalf of your company, contact Swyft Filings and cancel their service.
Important! Be aware that if you do not provide proof of having appointed new registered agent service, LegalCorp may charge your full fee amount when the renewal deadline arrives. Make sure to take care of it and cancel in advance!
Swyft Filings Alternatives
There are a lot of business formation companies. Since Swyft is highly ranked, this Swyft Filings Review compares the company with two other highly ranked business formation companies: ZenBusiness and IncFile.
ZenBusiness vs Swyft Filings
ZenBusiness is ranked number one in the industry by many due to their pricing, features included in their packages, and great customer service. ZenBusiness opened its doors three years after Swyft Filings, and both have been involved in the successful formation of thousands of companies.
ZenBusiness and Swyft Filings have the following in common:
- Affordability
Both companies have a basic package priced at $49. - Outstanding customer feedback
Both companies have a high volume of good customer reviews on the internet. - Customer Support
Both companies are known for quick turnaround response times from their customer support departments. - Fast Processing
Both companies are known for their quick processing of LLC formation documentation with your state. - Additional Services
Both companies offer a wide variety of additional services for the new business owner to successfully run his or her business.
The two companies differ in the following ways:
- Registered Agent Services
ZenBusiness offers registered agents services free for the first year with a competitive and lower rate than Swyft Filings for subsequent years. - Package Features
ZenBusiness offers more features in their packages than Swyft Filings. This includes the previously discussed registered agent service and a free operating agreement template. Swyft does not offer advanced features on their business packages, but their Compliance Guard™ program is extremely valuable. - Ease of Use
Both companies have websites that are relatively easy to use. Swyft Filings wins this one though as it is easier to find things on their site.
If you believe that might be a good fit for your LLC formation needs, visit ZenBusiness for more information.
IncFile vs Swyft Filings
IncFile is best known for its free LLC formation package. IncFile has seven years of seniority on Swyft Filings, and they have formed over 500,000 businesses.
Following is what Swyft Filings and IncFile have in common:
- Affordability
Swyft’s $49 starting price doesn’t quite beat IncFile’s $0, but they are still comparably more affordable than the competition. - Customer Support
Both companies are known to have strong and knowledgeable customer support personnel with quick turnaround response times. - Quick Turnaround
Both Swyft Filings and IncFile offer expedited services to those entrepreneurs in a hurry to open. - Customer Reviews
Both companies have thousands of positive reviews on the internet. - Additional Services
Both companies have a wide range of additional services available to help you start and run your fully licensed and legally formed business. They do have a couple of differences. IncFile offers trademark search services while Swyft Filings offers sellers permit and conversion services. - Ease of Use
Both companies have user-friendly websites that make it easy to quickly find exactly what you are looking for.
IncFile and Swyft Filings have the following differences between their services:
- Registered Agent Services
IncFile offers a full year of free registered agent service while Swyft Filings charges $149 per year and does not include this in their packages. - Cancellation/Refund Policy
Swyft Filings offers a 100% satisfaction guaranteed or your money back while IncFile will only offer a refund within 24 hours of the order being placed.
If you think they might be a good fit for your business startup needs, visit IncFile for more information.
Swyft Filings FAQs
Is Swyft Filings a Good Company?
Swyft Filings is a very good company. They offer a nice array of services at generally affordable prices.
What Does Swyft Filings Do?
Swyft Filings is a business formation company. They can help you get your LLC, Corporation, S-Corporation, or Non-Profit business legally formed. The company provides you with all the tools you need to start and manage your business.
Is Swift Filings Legit?
Swyft Filings is definitely Legit. Tens of thousands of reviews by satisfied customers are easily found on the internet, and they have formed over 100,000 businesses since they opened their doors in 2012.
How Quickly Does Swift Filings Process LLC Formations?
Swyft Filings will file your LLC formation documentation within 24 hours. For an additional fee, and depending on your state, they can help expedite the processing from a few weeks to a few days.
Does Swyft Filings Handle Additional State-Specific Requirements?
Swyft Filings can help you meet all of your state-specific requirements.
Do They Offer Publication Services?
Swyft Filings is one of the few business formation companies that does offer publication services.
What is the Swyft Filings Customer Support Phone Number and Email?
Swyft Filings Customer Support can be reached at 877-777-0450. There is a live chat option on the website and their email is info@swyftfilings.com
Should I Reserve My LLC Name Before Forming an LLC with Swyft Filings?
No need. Swyft Filings will perform a business name availability search and help you acquire your chosen name during the Limited Liability Company formation process.
If I use Swyft Filings, Which Features Should I Buy?
It depends on what you need for your business. Their basic and standard packages are both a good deal and have most of the tools that you would need to get your business going.
Additional services that are worthwhile would include the business license research package and registered agent service which although pricey with Swyft Filings, are a requirement of businesses who fall under the jurisdiction of the United States.What Is Swyft Filings Refund Policy?
Swyft Filings promises a 100% money-back guarantee within 60 days of your LLC formation process.
How Do I Cancel Swyft Filings?
There is no clear path to canceling your Swyft Filings subscription, and of the few negative reviews found online, most of them dealt with this issue. The easiest way to cancel is to request a refund within your 60-day window.
Final Thoughts
Swyft Filings is a solid business formation company. They have the experience and track record to back up their claims. Not adding a year of registered agent service to their LLC formation packages sets them apart from the pack in a negative way.
Some of the additional services they offer are not common among the other forerunners in their industry which would tilt the scale in their direction if those services were needed. They are one of the few services to offer a 100% money-back guarantee.
They do have a lot of upsells, and they do incorporate third parties in many of their services.
If you feel that Swyft Filings is the right business formation company to meet your needs, contact Swyft Filings today for more information or to get started.
