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
-
ReportComplianceESGNovember 11, 2025
Sustainability reporting regulations at the crossroads: The EU omnibus package
In contrast to the sustainability reporting regulations, the EU Commission's goal is to stimulate the competitiveness of the European economy and achieve bureaucratic relief by the EU omnibus package. -
ArticleLegalNovember 10, 2025
Why your panel firms might not be saving you money
Traditional approaches can fall short when using analytics for rate management. -
ArticleLegalNovember 07, 2025
Resounding success at an unforgettable ELM Amplify 2025!
Thank you to all of our participants for another superb user conference! -
ArticleTax & AccountingUpdated November 06, 2025
Getting started with APIs in accounting firms
Getting started with APIs in an accounting firm requires careful planning to automate many of the most time-consuming tasks in the firm.