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. -
ArticleTax & AccountingMay 08, 2024
Wolters Kluwer BEPS Pillar Two Readiness Index Report
The BEPS Pillar Two Readiness Index is a quarterly pulse check for gauging readiness across global tax jurisdictions subject to BEPS Pillar Two measures. -
ArticleCorporateTax & AccountingMarch 06, 2024
BEPS Pillar Two: Understanding data requirements and managing data
Outside of the vastness in scale of the application of the rules and the complexity of their nature, one of the key challenges is the requirement to complete the calculations at various levels within a group and across borders.