One of the first and most important steps in starting a new business is choosing a structure for it. A business’s structure, which you should select before registering your business, affects issues such as taxation, fundraising ability, filing requirements, and personal liability, so it is important to choose wisely.  There can also be estate planning consequences that should be weighed as part of the decision.

We are just over six full months into 2024, with just under six months remaining. For owners of businesses that existed prior to January 1, 2024, that means less than six months remain to file your company’s Beneficial Ownership Information (BOI) Report with FinCEN.