Does my profession require a professional entity?
That depends on the profession and state. Certain regulated professions, such as those requiring a professional license, may be subject to specific rules about the type of business entity they can form. State laws and licensing boards may require, permit, restrict, or prohibit structures such as a Professional Limited Liability Company (PLLC) or Professional Corporation (PC). Requirements can vary significantly by profession and jurisdiction, including rules related to ownership, naming, licensing, and the professional services the entity may provide. Swyft Filings’ available formation options also vary based on the entity type and state.
Swyft Filings offers nonprofit formation services and also provides a separate 501(c)(3) application service for qualifying organizations seeking federal tax-exempt recognition. These are distinct steps: state nonprofit formation creates the legal entity, while federal tax-exempt recognition is determined separately under IRS requirements.