Can the form be signed electronically?

Yes. Electronic signatures are generally enforceable under the ESIGN Act (15 U.S.C. §7001) and UETA where adopted. Certain narrow exceptions apply, so confirm that the intended recipient accepts an eSignature.

Is notarization always required?

Not every filing requires notarization; requirements vary by state and by the downstream use of the document. Check the Secretary of State or the receiving agency for notarization rules.

What if the signer lacks authority?

A signer must have documented authority. If authority is absent, filings or elections may be invalid and could require ratification or reexecution with proper approvals.

How do I correct errors after submission?

Minor clerical errors may be corrected by submitting amended filings per state procedures. Significant changes often require board resolutions or replacement filings; consult counsel for material revisions.

How long must I retain the completed form?

Retain supporting business and tax records at least as long as federal or industry rules require. For tax matters keep related documents three years minimum; HIPAA requires six years for covered records.

Can I revoke or change recorded options?

Revocation or amendment depends on the specific election and the receiving authority. Some tax elections have limited revocation windows; consult the IRS rules or state statute before changing filed elections.

Electronic Signature
Templates
Miscellaneous
Business Selection Options

Business Selection Options

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

BUSINESS SELECTION OPTIONS

Parties

Client Name Client Address Provider Name Provider Address

Recitals

WHEREAS, Client Name: desires to engage Provider to perform the services and provide the business structure selections described herein; and

WHEREAS, Provider Name: has expertise in advising and implementing business selection options and related services and is willing to provide such services under the terms of this Agreement; and

NOW, THEREFORE, in consideration of the mutual covenants set forth below, the parties agree as follows:

Business Selection Options

The Client elects the following business entity type(s) and options (check all that apply). Provider will prepare or advise on documentation and carry out services corresponding to selected options.

Entity Type (select applicable) Sole Proprietorship Partnership Limited Liability Company (LLC) Corporation Other:

Scope of Work

Provider shall perform the services and deliverables selected below and as further described in the Scope of Work. Provider's obligations are limited to tasks expressly identified and agreed in writing.

Scope of Work — Description

Service Options (select applicable) Business formation and registration Drafting operating agreements / bylaws Tax classification and EIN assistance Ongoing compliance filings advisory

Payment Terms

In consideration for the services rendered under this Agreement, Client shall pay Provider as follows.

Total Agreement Amount (USD) Payment Schedule

Late payments shall incur a late fee equal to applied monthly to outstanding balances, plus any reasonable collection costs.

Term and Termination

This Agreement commences on the Effective Date and continues until completion of the Scope of Work or until terminated as provided below.

Effective Date: . Anticipated Completion Date:

Either party may terminate this Agreement for convenience upon days' prior written notice. Either party may terminate immediately for material breach if the breach remains uncured for days after written notice specifying the breach.

Confidentiality

Each party shall keep confidential and not disclose to any third party any Confidential Information received from the other party except as required by law or as necessary to perform obligations under this Agreement. "Confidential Information" includes non-public business information, financial data, and client lists but excludes information that (a) is or becomes public through no fault of the receiving party, (b) is rightfully received from a third party without restriction, or (c) is independently developed by the receiving party without use of the disclosing party's Confidential Information.

The obligations of confidentiality survive termination for a period of years, except that trade secrets shall be protected for as long as they qualify as trade secrets under applicable law.

Representations and Warranties

Each party represents that it has full corporate or individual power and authority to enter into this Agreement and to perform its obligations hereunder. Provider represents that its services will be performed in a professional manner consistent with industry standards. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, PROVIDER MAKES NO OTHER WARRANTIES, EXPRESS OR IMPLIED.

Limitation of Liability

EXCEPT FOR LIABILITY ARISING FROM A PARTY'S GROSS NEGLIGENCE, WILLFUL MISCONDUCT, OR BREACH OF CONFIDENTIALITY, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES. PROVIDER'S AGGREGATE LIABILITY UNDER THIS AGREEMENT SHALL NOT EXCEED THE TOTAL AMOUNTS PAID BY CLIENT TO PROVIDER UNDER THIS AGREEMENT DURING THE SIX (6) MONTHS PRECEDING THE CLAIM.

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of law principles. The parties submit to the exclusive jurisdiction of the state and federal courts located in that State for disputes arising under or related to this Agreement.

This Agreement, together with any exhibits or schedules executed by the parties and any written selection of options within this document, constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior and contemporaneous agreements and understandings, whether written or oral. Amendments to this Agreement must be in a writing signed by both parties.

Notices

Notices under this Agreement shall be delivered to the addresses set forth above or to such other address as a party may designate by written notice. Notices shall be deemed given upon personal delivery, one business day after deposit with an overnight courier, or three business days after deposit in the U.S. mail.

Client Name:

By:

Date:

Provider Name:

By:

Date:

What the Business Selection Options document is

The Business Selection Options document collects key choices a company makes when forming or reclassifying a business entity, including entity type, tax classification, fiscal year, registered agent, and principal address. It records decisions that affect state filings, federal tax reporting, and operational governance, and provides a single reference for internal records, third‑party service providers, and government filings.

Why an accurate Business Selection Options form matters

Completing the form correctly establishes legal identity and tax treatment, helps avoid filing errors with state agencies and the IRS, and creates a clear record of governance choices. Electronic completion is permissible under ESIGN (15 U.S.C. §7001) and UETA where adopted, with narrow statutory exceptions.

Who completes and relies on the Business Selection Options

Organizations and their advisors use this form when forming, reorganizing, or electing tax treatment for a business entity.

Founders and owners setting up entity structure and tax elections for a new business.
Corporate secretaries and operations teams maintaining official formation and governance records.
Accountants and tax preparers using selections to prepare federal and state tax filings.

The record is typically referenced by in‑house finance, outside counsel, registered agents, payroll providers, and tax preparers during onboarding and compliance checks.

Who can sign and submit this form

Authorized Officer

An officer or manager with delegated authority (CEO, President, Managing Member). The signer should have board or owner authorization; signing without authority may invalidate elections and create liability.

Registered Agent

The registered agent or their authorized representative may complete routing or contact fields but typically cannot make governance elections unless expressly authorized in company records.

Step‑by‑step: completing the Business Selection Options

Follow these steps to ensure the form is complete, consistent, and ready for filing or storage.

01

Gather documents: Collect formation and EIN documents first.
02

Enter entity data: Complete legal name, type, and address.
03

Choose tax options: Select federal tax classification and fiscal year.
04

Sign and date: Authorized signer signs and dates the form.

Configuring an online completion workflow

Set up fields and routing in your eWorkflow to match internal approval and filing stages.

Field	Configuration
Entity Name	Required text field, validate against state record
Tax Election	Conditional field displayed for corporations/LLCs
Signature	Require signer authentication and date stamp
Routing	Auto‑route to accounting and registered agent

Typical electronic submission flow

Electronic completion follows a standard sender → signer → recorder sequence with audit trail capture.

Upload: Sender uploads the form
Place fields: Add signature and data fields
Authenticate: Signer verifies identity
Complete: Signed copy and audit trail saved

Digital signing and platform considerations

Choose a platform that supports secure authentication, audit trails, and the file formats your organization uses.

Integrations: Salesforce, NetSuite, Microsoft 365
Formats: PDF, DOCX, HTML
Authentication: Email, SMS, KBA options

Electronic signature versus cryptographic digital signature

Understand the distinction when choosing signing technology and when regulations require higher assurance.

Criteria	Electronic Signature	Digital Signature
Legal status
Technology	audit trail	pki certificate
Non‑repudiation	moderate	strong
Typical use	commercial docs	regulated filings

Common eSignature vendor pricing and capability snapshot

Basic price and core capability comparisons can inform tool selection for completing and signing Business Selection Options electronically.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7‑day free trial	Varies by vendor	Varies by vendor	Varies by vendor	Varies by vendor
Bulk Send	Yes (Premium)	Yes	Yes	Yes	Yes
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Key risks and legal consequences

Incorrect TIN: Triggers 24% backup withholding

Late filings: Penalties per IRC §6721 apply

Unauthorized signature: May invalidate elections

Mismatched names: Banking and registration delays

Missing notary: State rejection possible

Intentional misstatement: Exposure to severe penalties

Common mistakes to avoid

Entering an unregistered trade name as the legal entity name, causing rejection by the Secretary of State and banking mismatches.
Selecting a tax classification without consulting a tax advisor, which can trigger immediate reporting or unexpected tax liability.
Using a P.O. box for the registered agent address where a physical address is required, leading to service issues.
Failing to confirm the signer has corporate authorization, producing invalid or contested elections.

Core components included in a professional Business Selection Options

A thorough form groups entity identity, governance choices, tax elections, contact details, and signature authority in one place for clarity and auditability.

Entity Identification

Registered legal name, DBA, formation state, and filing number. Accurate identifiers prevent record mismatches and rejected filings.

Tax Elections

Federal tax classification selection and any S corporation election references, with effective dates and supporting IRS forms noted.

Management Structure

Member/manager or officer designations and ownership percentages if applicable, clarifying who has authority to sign or amend.

Registered Agent Details

Name and physical address for service of process; essential for state compliance and timely legal notices.

Primary Business Address

Principal place of business for licensing, taxation, and jurisdictional determinations.

Signatures and Notary

Authorized signer name, title, date, and notarization block where required by state law or the receiving party.

Practical examples and real usage

These brief examples illustrate how organizations use Business Selection Options during formation and change events.

Martin Properties — formation

When forming a property management LLC, the founder completed selection fields to set fiscal year and registered agent

The form captured EIN and management structure clearly
Using a consistent record avoided banking delays and simplified later tax filings with clear evidence of the entity's start date.

Fertility Centers of Illinois — revisions

A healthcare provider updated tax classification after expansion into new services

The form documented the change and attached board approval
Keeping the record saved time during an audit and showed compliance with internal governance and HIPAA routing requirements.

Frequently asked questions about Business Selection Options

Answers to common procedural and legal questions about completing, signing, and storing this form.

Need help? Contact support

Can the form be signed electronically?
Yes. Electronic signatures are generally enforceable under the ESIGN Act (15 U.S.C. §7001) and UETA where adopted. Certain narrow exceptions apply, so confirm that the intended recipient accepts an eSignature.
Is notarization always required?
Not every filing requires notarization; requirements vary by state and by the downstream use of the document. Check the Secretary of State or the receiving agency for notarization rules.
What if the signer lacks authority?
A signer must have documented authority. If authority is absent, filings or elections may be invalid and could require ratification or reexecution with proper approvals.
How do I correct errors after submission?
Minor clerical errors may be corrected by submitting amended filings per state procedures. Significant changes often require board resolutions or replacement filings; consult counsel for material revisions.
How long must I retain the completed form?
Retain supporting business and tax records at least as long as federal or industry rules require. For tax matters keep related documents three years minimum; HIPAA requires six years for covered records.
Can I revoke or change recorded options?
Revocation or amendment depends on the specific election and the receiving authority. Some tax elections have limited revocation windows; consult the IRS rules or state statute before changing filed elections.

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now