Many small business owners decide to form a separate entity for their business (rather than owning it personally). Once this decision is made, there are five important elements that must be considered before filing formation documents. The decisions around your new entity include selecting: entity type, formation state, entity name, tax status, and a registered agent. Check out this infographic to answer these five questions with confidence.
ComplianceLegalFinanceTax & AccountingNovember 24, 2020|UpdatedMarch 12, 2021
5 Questions Small Business Owners Must Answer When Forming an Entity (Infographic)
By: Mike Enright
Operations Manager
Related Popular Resources
Explore related topics
small business services
BizFilings
Helping entrepreneurs stay compliant
Speak with a specialist:
(800) 981-7183
Related Insights
-
ArticleComplianceFinanceTax & AccountingOctober 23, 2024
Wolters Kluwer BEPS Pillar Two Procurement Checklist
The BEPS Pillar Two Procurement Checklist is a practical guide designed to assist multinational enterprises (MNEs) in preparing for the upcoming compliance requirements under BEPS Pillar Two. -
ArticleComplianceFinanceTax & AccountingSeptember 18, 2024
Modernising the corporate tax function - technology insights
OneTeam’s focus on simplifying data management and streamlining workflows, combined with CCH Integrator’s tax expertise, creates a powerful toolset for tax professionals. -
ArticleComplianceFinanceTax & AccountingAugust 16, 2024
New country-by-country reporting regime proposed for large multinationals
A new country-by-country reporting regime for large multinationals in line with global reporting initiative GRI 207. -
ArticleTax & AccountingAugust 08, 2024
Income Tax | Do the effective lives of depreciating assets still matter?
This article gives an overview of situations where the effective life of an asset is relevant to calculating depreciation deductions for businesses, employees and investment property owners.