Swyft Filings Review : Pros, Cons, & Overall Value
If you’re in business or just starting a business, you’re probably concerned about how your personal assets would be affected if your business runs into trouble or fails. Well, starting an LLC is the perfect way to protect your personal assets by keeping your business finances separate from your personal finances.
However, forming an LLC can be complicated, and many people prefer some help. Swift Filings is one of many companies that provides LLC formation services, and we will review its services in this article. We will also compare the company to some of its competitors.
- Jump to Pros & Cons of Swyft Filings
- Why Use an LLC Service Like SwyftFilings?
- Swyft Filings Background
- The Process to Get Started
- Pricing & Plans of SwyftFilings
- Additional Services That SwyftFilings Provide
- Employer Identification Number (EIN)
- Registered Agent Service by SwyftFilings
- Business Licenses and Research
- Operating Agreement
- SwyftFilings Certificate of Good Standing
- Annual Report
- Pros and Cons of Swyft Filings
- SwyftFilings Verdict
- Best Swyft Filings Alternatives
- Other Customer Reviews of Swyft Filings
- Looking For Something Else Than Swyft Filings? Here Are Some Alternative LLC Reviews
Why Use an LLC Service Like SwyftFilings?
You might be considering why you should use an LLC formation service like Swyft Filings at all instead of doing it yourself. After all, aren’t you starting your own business? This is a valid question, but there are actually several reasons to use an LLC formation service, and here are a few.
- LLC formation services can save both time and money. Swyft Filings and other LLC formation services are professionals experienced at quickly and accurately filing all the necessary paperwork. This can save you time as well as money over filing them yourself and then potentially trying to fix mistakes and deal with missed deadlines down the road.
- Your business can get started much quicker. By using a service, your LLC can get started much quicker than filing it yourself. So, you can skip the waiting and get started growing your business right away.
- You can get help. Whenever you need it, customer service can answer your questions and help you deal with any problems.
So, these are some of the reasons to use an LLC formation service, but should you use Swyft Filings? Let’s figure out what they have to offer as well as the pros and cons of this company. Then we will compare them to some of their competitors to see if Swyft Filings is the company you should choose.
Swyft Filings Background
Swyft Filings is an LLC formation service that helps entrepreneurs to incorporate businesses. Swyft Filings claims its mission is to help make it easier for small business owners to get started and manage the filing process without pricy legal fees.
Their name indicates what they claim is the reason you should choose them, swift filing of your LLC. However, they do offer a few other services to help you run your business, such as permit and license filing as well as registered agent services. They will also help you out with any problems with customer support through phone, chat, or email.
The Process to Get Started
Swyft Filings offers an easy way to get your business incorporated. Once you decide what type of business you would like, such as an LLC, S-Corp, C-Corp, or other, you can get the process done in minutes. Swyft Filings offers formation in 3 quick steps.
This is the complete Swyft Filings process, so let’s take a look at what comes with all of Swyft Filings formation packages.
Pricing & Plans of SwyftFilings
Swyft Filings offers 3 packages, and we will describe each of these as well the features that come with them. Keep in mind that the cost of the state filing fee will be charged in addition to the price of the package.
Basic Package: $49
This is their cheapest package and includes the features listed below.
Standard Package: $149
The Standard Package includes all of the features from the Basic Package plus an:
Premium Package: $299
The Premium Package includes everything in the other two packages plus:
Additional Services That SwyftFilings Provide
Swyft Filings offers several additional services, and we will discuss a few of these.
Employer Identification Number (EIN)
Swyft Filings charges a one-time fee of $79 to obtain this number for you. You will need this number for tax purposes as well as to hire employees or open a business bank account. You can get an EIN yourself, if you choose to, on the IRS website for free.
Registered Agent Service by SwyftFilings
Registered agent service is available for $149/per year. The service is easy to use and available in all states. This service will renew automatically, so be sure to cancel it if you decide you don’t want another year of service.
Your LLC is required to have a registered agent available to receive official notices from your state or legal documents. You or another member of your LLC can serve as the registered agent for your business.
However, there are advantages to having a registered agent service. We will list some of the features included with the Registered Agent Service.
Business Licenses and Research
Swyft Filings will help you find out what licenses or permits your business needs, whether the licenses or permits are at the federal, state, or local level. Then they will help you to apply to ensure your business is compliant. This service costs $99 plus state fees.
There are several advantages to this service. Finding out what licenses and permits you need at the various levels can be confusing. Then once you discover what you need, you still have to file all the paperwork. After you finish, you still may worry you missed something. With this service, Swyft Filings will do the research for you and email you when it’s time to complete the process.
Swyft Filings will draw up your operating agreement for $35. This agreement details the right and obligations of the members of your LLC. This can help avoid disagreements allowing your business to run smoothly.
If you decide to have Swyft Filings prepare your operating agreement, you will fill out a questionnaire. This will then be used to prepare your agreement from a template.
SwyftFilings Certificate of Good Standing
A Certificate of Good Standing is a document that shows your LLC is legally registered in a state and compliant with all the state’s requirements. It can be used to show to businesses you want to work with.
Many states require an LLC to file an annual report. States vary in what information needs to be in these reports, but they typically contain information such as ownership information, cap tables, and possibly sales and revenue.
Pros and Cons of Swyft Filings
Now that we’ve looked at all the features Swyft Filings offers, let’s consider the pros and cons of their service. Then we will consider our final verdict on this LLC formation company.
Review count: 2910+
Form and LLC today with Swyft Filings for only $49. They Have 92% customer satisfaction rating and over 2910+ verified reviews.
Swyft Filings offers their Basic Package at a reasonable price, although they don’t really do much for you in the package. The Standard Package is also reasonably priced and offers some nice features such as an EIN and Operating Agreement. The Deluxe Package really isn’t worth the cost. It does not include enough additional features. If they had added registered agent service, that would have been worthwhile.
Customer support is available by email, phone, and chat Monday through Friday from 10 a.m. to 7 p.m. ET. They provide fast customer service by all three methods. They also assign each customer their own business specialist, and they give the customer an email and phone number for their specialist. Swyft Filings gets a lot of compliments on their customer service. It is one of their best features.
Ease of Use
Swyft Filings does not have the easiest ordering process. It is a long process to order your package, add additional services, and then check out. Once you place your order, the website is easier to use. They have a user dashboard that makes accessing your information and documents easy and convenient.
Turnaround Time of Swyft Filings
Turnaround time depends on the state as much as Swyft Filings. But, Swyft Filings does promise to process your order on the same or next day. This means it will get to the state quickly. For an extra fee, Swyft Filings will expedite the service with your chosen state if rush service is available in your state. Their turnaround times compare very favorably with other LLC formation services.
Best Swyft Filings Alternatives
There are many LLC formation companies to choose from, and it’s best to look around and find the one that will work well for you. We compare a couple of Swyft Filings’ competitors to them below.
Alternative #1 ZenBusiness
Feel free to check out our full review of ZenBusiness here.
Alternative #2 IncFile
You can also see a full review of Incfile right here.
Other Customer Reviews of Swyft Filings
Now that we have told you what we think about Swyft Filings. Let’s check what customers have to say about them. Here are a few customer reviews from the consumer feedback website Trustpilot.
“Swyft was the best value, along with the highest level of service. I had looked at another group which was twice the cost and had less of a customer service base, then another attorney wanted 4x the cost and you dealt directly with her. With Swyft, I had immediate customer service and the costs were reasonable.”
“Easy to use, responsive sales team, great process for someone who lacks the time to do it all on your own.”
“Could have been a lot smoother process but seems like they only act when you call several times and speak to several people before anything is actually done. I’ve been waiting on my llc docs for 2-3 weeks. The other thing that was good was how quick they’ll refund your money but I didn’t want to have to get a refund, I just wanted what I paid for in the timely matter.”
“ I think your telephone service is absolutely one of the worst I have encountered. It took me over 6 hours to reach a point where I could speak to someone. Even after leaving my telephone number saying I would be next in order, it took over 2 hours for someone to return my call.”
Swyft Filings is a new formation service on the scene only being founded in 2015. However, they seem to have made a positive impression on most of their customers with an overwhelmingly positive response. Their ordering process is a bit cumbersome, but the price is right and the installment plan is a very nice addition. Overall they offer a solid service for entrepreneurs looking to register their business.
We do think there are some better “bang for your buck” services. But it’s pretty competitive and ultimately it’s up to you whether you want to go ahead with SwyftFilings or some alternatives!
Does Swift Filings share my information with third parties?
Swyft Filings will share your information with their own companies, which may provide other services. Also, Swyft Filings offer services through third-party businesses, which, if accepted, will result in your information being shared. However, Swyft Filings will not share your information without your consent.
Does Swyft Filings Offer Refunds?
Swyft Filings has an excellent refund policy. They will return your money any time within 60 days if you are not happy with your order. You just need to notify them within this time period. If the state fees have already been paid, this portion of the money will not be refunded.
What are Swyft Filings prices?
Swyft Filings has 3 different packages. The basic package costs $49 plus state fees. They also have a standard package for $149 plus state fees and a premium package for $299 plus state fees.
Do I need an EIN?
An EIN is an Employer Identification Number, and you will need this to open a business bank account or hire employees.
How long will it take Swyft Filings to process my LLC formation?
This is certainly one of Swyft Filings’ strengths. The incorporation time will vary because states have different regulations, but Swyft Filings only takes a couple of days for their part of the filing process. Although, for states with an option for expedited filing, Swyft Filings will expedite the order for an additional fee.
Which Swyft Filings’s package is best?
For most people, the basic package is probably the best. It includes everything most business owners will need other than a registered agent, which can be added for an additional $149. Unfortunately, none of the packages include registered agent service.
Does Swyft Filings offer publication service?
Nebraska, New York, and Arizona require any business forming an LLC in their state to publish the formation in a regional newspaper. Swyft Filings will help your business with this requirement, which is nice since not many LLC formation services do.
Swift Filings will alert you of filing deadlines as part of their compliance packages, but no other compliance services are included in their packages. So, if you want them to file your annual report, you’ll need to pay an additional $99 plus state fees. Also, if you want them to provide registered agent service, you’ll have to pay a fee of $149/year.