Launch your LLC, corporation, or nonprofit starting at $0 + state fees
Many first time business owners begin their journey with a sole proprietorship. This is because there is no formal filing process. The government simply considers your business to be a sole proprietorship until you file to organize under a more formal structure. A sole proprietorship is automatically formed as soon as you take in your first dollar.
Ease of formation
As mentioned above, there is no formal filing procedure to establish a sole proprietorship.
No additional tax filings
There is no separation between the finances of a sole proprietorship and its owner. As a result, all of the company’s income is reflected only on the personal tax returns of the owner.
Lack of continuing paperwork
There is no administrative paperwork required to maintain a sole proprietorship.
Lack of compliance requirements
Sole proprietorships are typically free from all of the ongoing compliance requirements placed on other business structures.
Even though dealing with your business’s taxes on your personal tax return may sound simple, it isn’t completely fool-proof. There are many tax obligations that self-employed business owners are responsible for.
Personal asset protection
Should your business not succeed, your personal assets may be seized in order to satisfy your business’s debts. The more formal business structures offer separation, and therefore protection for your personal assets.
Since the bar for forming a sole proprietorship is so low, some investors, partners, or clients may question the legitimacy of your business.
Swyft can help!
Do you have questions about sole proprietorships? The experienced agents at Swyft are here to assist you. Contact us today!
Looking for answers? You came to the right place. To learn more about our company mission and culture, click the link below.
Swyft Filings charges $0 and only the state filing fees to incorporate your business. Filing fees vary from state to state. If you have a question about a specific state, feel free to email or contact us at 877-777-0450.
No. For business filings, you paid the total price for your order at the time you placed it.
However, if you signed up for the Swyft Filings Registered Agent Service, you will be charged for this service when the state grants your company a Certificate of Formation. This recurring fee will be automatically charged to your account for each period the service is active unless you change your Registered Agent with the State or dissolve your company.
Orders are processed as they are received. However, clients that select Express Processing or Same Day Processing will have their orders processed before Standard Processing orders.
Incorporation times vary from state to state. Feel free to contact us by email or at 877-777-0450 for information on specific state processing times.
Each and every one of our customers is assigned a personal Business Specialist. You have their direct phone number and email. Have questions? Just call your personal Business Specialist. No need to wait in a pool of phone calls.
Trusted by over 250,000 businesses since 2015. Start your business with confidence. Affordable. Fast. Simple.