Businesses are legally formed at the state level with that states Secretary of State.
Contrary to popular belief, there is no one size fits all business structure. The type of entity chosen for a business is one of the most important decisions to be made and has long lasting consequences. This decision is not to be made lightly and needs to be chosen based upon the underlying factors unique to each business. Brooklyn Tax & Accounting will outline the conditions to help you and your business make the right choice.
Things to Consider
The industry of the business, the ownership and management of the business, whether the company will own property, the tax implications for the business and its owners, are just a few of the many details to consider when choosing a business structure.