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 & AccountingUpdatedMarch 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
-
ArticleComplianceOctober 10, 2025
Deregulation déjà vu: 3 Cycles every compliance leader should remember
Wolters Kluwer's Elaine Duffus outlines the deregulatory lifecycle from past examples in financial services supervisory oversight in this Corporate Compliance Insights feature byline. -
ArticleLegalOctober 10, 2025
Whitepaper: Gaining an edge with legal rate analytics
Explore how legal operations teams can leverage rate analytics to move beyond cost control and become strategic business partners. -
ArticleComplianceOctober 09, 2025
How delivery format impacts customer perception of transparency
In financial services, transparency isn’t just about what you say, it’s about how you say it. The format and delivery method of disclosures and account documents can significantly influence how account holders perceive your institution. -
ArticleLegalOctober 08, 2025
The legal ops community is converging at ELM Amplify 2025. Are you in?
Here are some of the reasons why many have already registered for the conference!