Choosing the right business structure is an important decision and there are many options to consider beyond a sole proprietorship.  Read this article to learn about the different business structures and how each can impact your taxes and personal liability.

Bank of America and Incfile¹ are working together to make it quick, easy and less expensive than you may think to establish a legal business entity, including filing for a federal Employer Identification Number (EIN) for your new business.

For example, in nearly all states you can create a Limited Liability Company (LLC) for less than $350. And as a Bank of America client, you’ll get a $70 or $150 exclusive discount when completing your business formation with Incfile.²

After completing the business formation process, you may also be eligible for additional offers from Bank of America when you apply for business banking accounts.³