Par value is a nominal value assigned to shares in the corporation's governing documents where applicable. It is not necessarily the market value or sale price of the shares.

Swyft Filings offers corporation formation services and prepares and submits the state incorporation paperwork. Corporate formation generally creates the legal corporation first; tax classification and internal governance are separate concepts. For example, S corporation status is a federal tax election for an eligible entity rather than a different state-law corporation in every jurisdiction.