Shareholders own shares, directors generally oversee the corporation's affairs and major decisions, and officers generally manage designated day-to-day functions. One person may occupy multiple roles where permitted.

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.