Tool helps small business owners understand entity type options
Wolters Kluwer CT Corporation, the incorporation, legal and compliance solutions experts, announced today the launch of an online tool designed to help business owners understand entity type options – corporation, LLC, S Corp., etc. – for structuring their business. The interactive “Incorporation Wizard” educates small business owners on the various entity types so they can make an independent decision about the business structure that best fits their needs.
“Incorporation is an important step in the early life of a business. The Wizard is reflective of CT’s mission to make the incorporation process – and launching a business as a whole - as straightforward and easy to achieve as possible,” said Jennifer Friedman, CMO of the small business segment of CT Corporation.
The Incorporation Wizard prompts business owners to answer questions in six categories:
- Basics: Business entity type is dictated by the number and nature of a business’s owners.
- Funding: Some lenders/investors, specifically banks, look at entity type when determining financing for a business.
- Industry: Certain industries are vulnerable to lawsuits, and the right entity structure can help protect the business owners.
- Income: A company’s anticipated revenue and profitability can be a leading factor in selecting an entity type.
- Taxes: A business owner’s preferences in terms of taxation and employee benefits will influence entity structure.
- Future Planning: While not always a consideration when business owners are starting a business, exit strategy or desired outcome for a business can influence the choice of business type.
Based on the answers provided, the Wizard connects business owners to additional information and relevant research about business different structures.
The Wizard is part of a larger website redesign for CT Corporation. Created in partnership with Alexander Interactive, the new site provides quick and easy access to the services and resources that businesses owners need to meet their formation, compliance and governance requirements including licenses, registered agent services and annual report filings. The site’s additional features include a Resource Center with news, guides and state alerts, plus a weekly audio podcast for small business owners.
To learn more about CT Corporation's services and resources for businesses and entrepreneurs, please visit the new website at https://ct.wolterskluwer.com/.
About Wolters Kluwer's CT Corporation
CT works with businesses of all sizes to offer customized expertise and comprehensive solutions regarding everything from business formations to filing business licenses and ongoing compliance. Drawing on more than a century of experience, CT is focused on helping businesses succeed, offering a comprehensive suite of products and services including incorporation, llc formation, registered agent services and more. For more information, visit ct.wolterskluwer.com.
About Wolters Kluwer
Wolters Kluwer is a global leader in professional information services. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance and healthcare rely on Wolters Kluwer's market leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer reported 2014 annual revenues of €3.7 billion. The group serves customers in over 170 countries, and employs over 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).