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
Quick links
Related Insights
-
ArticleComplianceFinanceMarch 24, 2025
Navigating liquidity challenges: The future of asset liability management
Asset Liability Management (ALM) is no longer just about risk mitigation. Discover how evolving regulations and global events are pushing ALM to become a cornerstone of financial strategy. -
ArticleComplianceFinanceFebruary 14, 2025
Chartis regulatory reporting solutions: Wolters Kluwer OneSumX leads the way
Discover why Chartis ranked OneSumX as a leading regulatory reporting solution, delivering AI-driven compliance, data consistency, and multi-jurisdictional coverage. -
ArticleComplianceESGFinanceJanuary 05, 2025
Top 5 Global Regulatory and Risk Management themes
Discover the top themes in financial risk management and banking industry regulations. Gain insights into capital adequacy, prudential risk, regulatory compliance, and the role of RiskTech in transforming financial reporting standards. -
ArticleTax & AccountingDecember 13, 2024
The new 2% Dividend Tax: Strategic insights and impact on high-value shareholders
On 4th December 2024, the previously exempted dividend income is finally to be taxed at 2% on chargeable dividend income for annual dividend income exceeding RM100,000 from year of assessment 2025.