Business Formation Wizard

What's Your Vision?

Let EWE help you build the right business structure

Just an idea

I'm exploring options and figuring out what's possible

Side hustle

I'm doing this part-time alongside my day job

Going full-time

Ready to make it official and commit 100%

Already operating

Need to formalize my business structure

Growing team

Adding employees, need proper structure and compliance

Industry / Sector

Brief description of your business idea

Choose Your Entity Type

Select the structure that fits your goals. Look for the EWE recommendation.

Sole Proprietorship

Simplest, no filing needed

Pros

No formation cost, simple taxes (Schedule C), full control

Cons

Personal liability, harder to get funding

Best for: Freelancers, solo service providers, testing ideas

Cost: Free (just a business license)

LLC (Limited Liability Company)

S-Corporation

Tax advantages for profitable businesses

Pros

Save on self-employment tax, liability protection

Cons

Must pay yourself "reasonable salary", more paperwork, restrictions

Best for: Businesses earning $50K+ profit, want tax savings

Cost: $100-$800 + ongoing compliance

C-Corporation

Built for growth and investors

Pros

Unlimited shareholders, attract investors, stock options

Cons

Double taxation, complex compliance, expensive

Best for: Startups seeking investment, going public eventually

Cost: $100-$800 + significant ongoing costs

Nonprofit

Mission-driven organization

Pros

Tax exempt, grants eligible, donor deductions

Cons

No profit distribution, strict governance, IRS scrutiny

Best for: Charitable, educational, religious organizations

Cost: $400-$850 (state + IRS Form 1023)

Your State & Details

Where you form your business matters for fees and taxes.

State of Formation

Filing Fee--

Annual Report--

Tax Notes--

Business Name

Number of Owners / Members

Expected Annual Revenue

Document Checklist

Everything you need to file and organize. Check items off as you complete them.

EIN & Next Steps

The essential registrations and accounts to get running.

📄 Employer Identification Number (EIN)

Your business's tax ID number. Apply online at IRS.gov for free. It takes about 5 minutes and you get your EIN immediately. Available Monday through Friday, 7:00 a.m. to 10:00 p.m. ET.

Apply on IRS.gov →

Save your EIN (once you have it)

Format: 2 digits, dash, 7 digits. Stored locally only.

👥 Registered Agent

A registered agent receives legal documents and official mail on behalf of your business. Most states require one for LLCs and corporations.

Be Your Own Agent

Free, but your address becomes public record. Must be available during business hours.

Use a Service

$50-$300/year. Privacy, reliability, and mail forwarding included.

🏦 Business Bank Account

Separate personal and business finances from day one. This protects your liability shield and makes taxes far simpler.

You'll need: EIN, formation documents (Articles of Organization / Incorporation), business license, and photo ID.

Tip: Many online banks offer free business checking with no minimums.

Launch Your Business on EWEPIP

Here's your formation summary and the tools to get you going.

Your Business Summary

Your EWEPIP Toolkit

Everything you need to run your business, all in one place.

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