An LLC is generally owned by members and typically offers flexible management and tax-classification options. A corporation is owned by shareholders and ordinarily operates through a more formal governance structure involving shareholders, directors, and officers. Tax treatment, governance requirements, and state rules differ.

Swyft Filings describes its formation process as an online filing service in which customers provide business details, the filing is prepared and reviewed, and the formation paperwork is submitted to the appropriate state agency. The company supports formation and related filing services across all 50 states, while state fees, forms, processing times, and requirements remain state-specific.

For customers and support teams, it is helpful to separate formation from post-formation work. Creating the entity is the state-level step that establishes the LLC, corporation, or nonprofit. Items such as an EIN, operating agreement or bylaws, licenses and permits, initial reports, annual reports, registered agent coverage, and other compliance filings may be separate steps that occur after or alongside formation.