We're working to make Formations available to all businesses-of-one in all industries and states. You can see where Formations is available here.
Sectors
Formations serves businesses in the professional services sector. These businesses are not subject to sales tax and are not carrying inventory or cost of goods. Formations is available in all 50 states for these types of businesses.
For businesses subject to sales tax, like retail and eCommerce, Formations is currently testing the ability to manage the accounting and tax, and you can join the waitlist here.
For businesses that carry inventory and/or cost of goods, like construction or wholesale, we plan on rolling out our beta in 2025. You can join the waitlist here.
Formations does not support businesses in the manufacturing or farming & agriculture industries.
States
Formations is available in all 50 states for the businesses we currently support. However, there are some exceptions:
- Multi-state operation. If you physically operate in multiple states, Formations cannot support you. This does not apply to virtual services unless you have employees in other states.
- States/jurisdictions that don't allow or support S-Corp. For example, the state of Tenessee imposes an S-Corp tax, making the transformation to an S-Corp ineffective as a tax-savings strategy. In these cases, we will help you review options and support an LLC management instead.
Join the Waitlist
While we don't support all business types yet, we are working on it. Join the waitlist here to get updates on progress and subscribe to our content.