Form Business Entity

Form a Business Entity

Choosing a business entity can be one of the most important decisions a business makes when getting started. This decision should be decided carefully and structured for the specific individual or company’s needs. The type of business you form determines which tax form you will file with the Internal Revenue Service during tax time. According to the Internal Revenue Service, the most common forms of business are:

• Sole Proprietor

• Partnerships

• Corporations

• S Corporations

• Limited Liability Company (LLC)

For more information, or to help decide which business entity is best for you, check out this article from the U.S. Small Business Administration (SBA) at https://www.sba.gov/business-guide/launch-your-business/choose-business-structure.