Change your client’s business entity type
Many small businesses begin as sole proprietors and later decide to lessen their personal liability by forming a business entity, such as an LLC or a corporation, which can offer some liability protection.
Follow these steps if you need to change your client’s type of business.
- SelectSetup, thenClients.
- Select theAccounting Informationtab.
- Select the entity from the dropdown list in the Entity Type section.note
- The application uses the entity type to determine which tax codes are available to be assigned in theSetup, thenChart of Accountsscreen.
- If you access Accounting CS via Virtual Client Office, you can view the information in this tabbed page, but you can't modify it.
