An entity change is when there is a change in the structure of a business that can affect the legal protection, tax savings, and ownership requirements.
The most common business entity changes can be classified as:
This article allows you to mark the change in business entity by splitting the file based on the date the change occurred. Moreover, this process will allow you to have all of the necessary transaction data separated by entity at the time of the change, and make filing taxes for each entity more manageable
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