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
-
ArticleTax & AccountingMarch 24, 2025
Why accounting firms need to use a client portal and how to find the best client portal for your firm
A guide to why accounting firms need to use a client portal and what features the best client portal for accountants should have. -
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. -
ArticleTax & AccountingJanuary 31, 2025
From desktop to cloud: A guide to successful change management for accounting practices
This eBook provides a resource for firms looking to make the transition to cloud accounting practice software smoothly and successfully. -
ArticleTax & AccountingJanuary 31, 2025
Moving to the cloud: are these 3 myths holding your accounting firm back?
Whether your accounting firm is still on a full desktop or hybrid setup, the following guide walks through the common myths vs reality of moving to 100% cloud software for accounting firms.