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 & AccountingSeptember 02, 2024
Long-term insights briefing — the future of New Zealand’s tax system
Inland Revenue have released a document for consultation that examines New Zealand's current tax system and explore options for change. -
ArticleTax & AccountingAugust 01, 2024
Accounting firm KPIs & performance metrics to help grow your firm
Leveraging data analytics and reporting insights to drive business performance improvements in an accounting practice