Formations is a financial management solution for the self-employed. It automates the creation and ongoing management of S-corps to help self-employed people maximize their financial potential and improve their financial and personal well-being.
Gusto integrates with Formations so independent workers can enjoy the protection and benefits of corporations without losing their independence.
Customers who join Gusto from Formations will receive Gusto payroll free for their first 3 months.
Most self-employed individuals use a 1099 and their personal bank account to run their business—the Formations + Gusto integration transforms 1099 workers to single-employee corporations that can issue a W2. W-2s organize your income, take care of your taxes and benefits payments, and give you predictability to plan your financial future.
Formations transforms self-employed individuals to S-Corps by managing their incorporation and S-election process, setting them up with a business bank account, and defining their reasonable compensation.
Formations manages your financial back-office year-round, including bookkeeping, accounting, tax management and benefits. At the end of the year, Formations prepares and files your corporate taxes and arms you with clean and compliant documents (1120S, K-1, W2) to file your personal taxes with ease.
Contact Formations directly at [email protected].