Business Formation

Business formation is the process of legally creating a new company. It includes choosing the right business structure (such as LLC or Corporation), registering with state and federal agencies, and ensuring full compliance with legal requirements. Your chosen structure affects taxes, liability, and how your business operates — making it one of the most important decisions when starting a company.

Why Business Formation is Essential

Legal Structure:
Forming an LLC or Corporation protects your personal assets from business debts and lawsuits.

Tax Benefits:
Proper formation helps unlock tax deductions and credits, reducing your overall tax burden.

Credibility:
A formal business entity builds trust with clients, vendors, and investors — helping your brand look established and legitimate.

Funding Opportunities:
Having a legal entity makes it easier to apply for business loans, attract investors, and open business accounts.

Business Continuity:
An established entity supports ownership transfers, succession planning, and long-term business growth.

Benefits of Choosing

SVA FOR YOUR BUSINESS FORMATION

Tailored Business Structuring

We help you choose the best entity type — LLC, S-Corp, or others — based on your goals and tax situation. Our personalized approach ensures your company is structured for long-term benefits right from the start.

Comprehensive Legal Compliance

We manage all paperwork and registrations while ensuring full compliance with local, state, and federal laws — so you avoid delays, penalties, or future legal issues.

End-to-End Support

From the initial consultation to the finalization of your business structure, SVA provides continuous support throughout the formation process. Our team is dedicated to making business setup as smooth as possible, providing guidance on every aspect of starting your business.

FAQ

Business
formation

Business formation is the legal process of creating a new business entity — such as an LLC, corporation, partnership, or sole proprietorship. It includes registering with state and federal agencies, selecting the right structure, and setting up the operational and financial framework of your business.

  • Sole Proprietorship: Owned and operated by one person. Simple setup, but no liability protection.
  • Partnership: Owned by two or more people sharing profits, responsibilities, and liabilities.
  • Limited Liability Company (LLC): Offers liability protection with flexible tax options and fewer formalities.
  •  Corporation: A separate legal entity with shareholders and officers, offering strong liability protection and complex governance.

Choosing the right business structure depends on your liability concerns, tax goals, and future plans. Consulting with a professional can help you understand the pros and cons of each option and choose the one that aligns with your business needs.

Ongoing requirements vary by entity type but often include:

  • Filing annual reports or statements
  • Paying state renewal fees and business taxes
  • Keeping accurate corporate records and meeting minutes
  • Staying compliant with federal, state, and local laws on employment, taxes, and operations

In most cases, yes. Forming an LLC doesn’t replace the need for local business licenses or permits. We’ll guide you based on your state and industry.

An LLC is a legal structure, while an S-Corp is a tax election. You can choose to have your LLC taxed as an S-Corp to reduce self-employment taxes.

Yes, non-residents can form LLCs and corporations in the U.S., though the process may vary slightly. We can help navigate the requirements.

Most entities are formed within 1–5 business days, depending on the state. We’ll keep you updated and expedite where possible.

SVA TAX SERVICES

A Full-Service Accounting Firm Simplifying Your Tax and Business Needs with Expertise and Care.