Small Business Development Center

Law Series Video #6: Creating a Legal Entity for Your Business

Creating a Legal Entity, Law

The video includes what a legal entity is and why you should form a legal entity for your company. It also includes tips on what you should you do to keep your business transactions separate from personal ones.

Subtitled in Spanish

Subtitled in Hmong

Note: The English speaker speaks quickly. For ease of reading subtitles, view at .75 speed by going to the “settings,” gear, icon and choosing “playback speed.”

Wisconsin Department of Financial Institutions to set up a Legal Entity in Wisconsin: https://www.wdfi.org/
IRS – to set up a Federal Employer Identification Number (EIN) when setting up a legal entity in the U.S.:
https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
Wisconsin Business Tax Registration to set up your business in Wisconsin with the Department of Revenue (must have your Federal EIN Number first): https://www.revenue.wi.gov/Pages/Businesses/home.aspx
UW-Madison Law and Entrepreneurship Clinic: https://uwle.org/
Wisconsin Small Business Development Center: https://wwwtest.wisconsinsbdc.org/

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