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
-
ArticleLegalNovember 13, 2025
Lean but mighty: Lessons from legal ops teams that punch above their weight
Our recent podcast offered a roadmap for how small legal operations teams can drive meaningful change, even for large organizations. -
ArticleLegalNovember 13, 2025
Whitepaper: Driving strategic legal operations for success in times of uncertainty
Learn how AI, spend management, and data analytics drive value for legal operations during economic uncertainty. -
ArticleComplianceNovember 12, 2025
Three foundational internal control frameworks: COSO vs COBIT vs NIST
Explore COSO, COBIT, and NIST CSF, the three core frameworks shaping internal controls, IT governance, and cybersecurity risk management. -
ArticleComplianceFinanceNovember 11, 2025
From bottlenecks to breakthroughs: Reimagine borrower due diligence
Revolutionize due diligence with Expert AI. Optimize UCC searches, improve risk analysis, and boost efficiency. Speed borrower onboarding and accelerate growth by overcoming common lender challenges with an advanced, automated solution.