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
-
Case studyTax & AccountingNovember 26, 2024
Aznam & Co accelerates firm growth with CCH ProSystem fx Engagement
"With CCH ProSystem fx Engagement we are able to deliver higher quality work for our clients and complete our engagements much faster. What was taking us two weeks is now just two days." - Aznam Abdullah, Partner, Aznam & Co -
Case studyTax & AccountingOctober 28, 2024
Saniza & Co improves efficiency and accuracy in audit delivery with CCH ProSystem fx Engagement
"Our efficiency has significantly increased since we invested in CCH ProSystem fx Engagement; duties have been automated, and audit time has decreased by 30%." - Nurrita Binti Noordin, Audit Director, Saniza & Co -
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.