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CHOICE OF ENTITY FOR SERVICE BUSINESSES First Run Broadcast: June 1, 2018 1:00 p.m. E.T./12:00 p.m. C.T./11:00 p.m. M.T./10:00 a.m. P.T. (60 minutes) The familiar trade-offs in choice of entity have
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Choice of entity is used to determine the legal structure of a business, such as sole proprietorship, partnership, corporation, etc.
Any individual or entity starting a business or making changes to an existing business structure may be required to file a choice of entity form.
You can fill out a choice of entity form by providing information about the business structure, ownership, and other relevant details.
The purpose of choice of entity form is to inform relevant authorities about the legal structure of a business for tax and regulatory purposes.
The information that must be reported on a choice of entity form may include business name, address, ownership details, and type of entity.
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