A Plan That Fits Your Style
Every plan includes Business Structure, Tax Management, Accounting Management, Payroll Management, Guidance & Advice, and access to Add-ons.
Digital
Best for simple businesses-of-one who are comfortable interacting with the Formations software primarily.
Digital Plan Includes:
- Personal 1040 filing ($1,000 value)
- Business Bank Account
- Entity management (LLC formation, S-Corp election, renewal, etc)
- 1120S filing ($2,500 value)
- Business tax management
- Automatic bookkeeping
- Payroll management for the owner
- Online guidance & advice
- Limited add-ons
Standard
Best for businesses-of-one who are comfortable with software but can benefit from some human support and guidance.
Standard Plan Includes:
- Personal 1040 filing ($1,000 value)
- Entity management
- Personal & business tax management
- Basic accounting management
- Payroll management for owner and partner
- Standard guidance & advice
- Standard add-ons
Platinum
Best for complicated businesses-of-one that require more hands-on support and service than product.
Platinum Plan Includes:
- Personal 1040 filing ($1,000 value)
- Entity management
- Personal & business tax management
- Full accounting management
- Payroll management for owner and employees
- Unlimited guidance & advice
- Custom add-ons
DIGITAL
Business Structure
- Analysis & recommendation
- Incorporation & setup
- Entity Renewal (additional fee)
- Payroll (for S-Corps): Owners Only
Tax Management
- Predictive federal tax forecast
- Quarterly payments (via payroll)
- Deductions management
- Health insurance premiums
- Business tax preparation & filing
- Personal tax (1040) management (included)
Accounting Management
- Automatic bookkeeping
- Multi-jurisdiction tracking (additional fee)
- Financial statements & reporting (upon request)
Payroll Management
- Reasonable compensation study
- Review payroll plan (annually)
- Auto-pilot
- Off-cycle payroll
- Paystubs, W-2
- Employees ($25/mo per employee, up to 3)
Guidance & Expert Advice
- Support (Chat & Tickets)
- Schedule a support call (for escalations only)
- Hit the expert (weekly, unlimited)
- Education & knowledge base (unlimited access)
- Consultation sessions (1 included per year, not during blackout dates) (more sessions can be purchased)
Add-ons
- Non-Formations Tax amendments (priced per amendment)
- Access to health insurance (through Vault (1-time fee for setup)
- LLC Renewal ($100/year)
- Additional consultation sessions ($500 per session)
- Additional payroll ($25/employee/month, up to 3 employees)
STANDARD
Business Structure
- Analysis & recommendation
- Incorporation & setup
- Entity Renewal
- Foreign registration tracking
- Payroll (for S-Corps): Owners + 1
Tax Management
- Predictive federal tax forecast
- Quarterly payments (via payroll)
- Deductions management
- Health insurance premiums
- Business tax preparation & filing
- State tax management
- Notice management
- Personal tax (1040) management (included)
Accounting Management
- Bookkeeping
- Multi-jurisdiction tracking (additional fee)
- Financial statements & reporting (quarterly)
Payroll Management
- Reasonable compensation study
- Review payroll plan (quarterly)
- Auto-pilot
- Off-cycle payroll
- Paystubs, W-2
- Employees (owner + 1 included, $25/mo per additional employee, up to 5)
Guidance & Expert Advice
- Support (Tickets, Chat & Email)
- Schedule a support call (3-day notice)
- Hit the expert (weekly, unlimited)
- Education & knowledge base (unlimited access)
- Quarterly Business Review (recorded)
- Success manager (dedicated team)
- Consultation sessions (4 included per year, not during blackout dates) (more sessions can be purchased)
Add-ons
- Personal tax return (1040) preparation and filing (included)
- Non-Formations Tax amendments (priced per amendment)
- 401K recording (included)
- Acces to health insurance through Vault (1-time fee for setup)
- LLC Renewal (included)
- Cost segregation (1-time fee)
- Additional consultation sessions ($500 per session or $1,000 for a package of 4)
- Additional payroll ($25/employee/month, up to 5 employees)
PLATINUM
Business Structure
- Analysis & recommendation
- Incorporation & setup
- Entity Renewal
- Foreign registration tracking
- Multi-structure
- Payroll (for S-Corps): Owners + 1
Tax Management
- Predictive federal tax forecast
- Quarterly payments (via payroll)
- Deductions management
- Health insurance premiums
- Business tax preparation & filing
- State tax management
- Notice management
- Advance tax strategy
- Personal tax (1040) management (included)
Accounting Management
- Bookkeeping
- Multi-jurisdiction tracking
- Financial statements & reporting (monthly)
- Financial analysis
- Custom chart of accounts
Payroll Management
- Reasonable compensation study
- Review payroll plan (unlimited)
- Auto-pilot
- Off-cycle payroll
- Paystubs, W-2
- Employees (3 included, $25/mo per additional employee)
Guidance & Expert Advice
- Support (Tickets, Chat, Email and phone)
- Schedule a support call (within 4 hours during business hours)
- Hit the expert (weekly, unlimited)
- Education & knowledge base (unlimited access)
- Quarterly Business Review (live)
- Success manager (dedicated account manager)
- Consultation sessions (unlimited)
Add-ons
- Non-Formations Tax amendments (priced per amendment)
- 401K recording (included, no additional fee)
- Access to health insurance through Vault (included, no additional fee)
- LLC Renewal (included, no additional fee)
- Cost segregation (1-time fee)
- Additional consultation sessions (included, no additional fee)
- Additional payroll (3 included, $25/employee/month for additional employees)
GET PEACE OF MIND
I recommend Formations to everyone I know who operates a small business, especially agents.
Steven Cozza
Real Estate Agent, CompassThe greatest value of Formations is having visibility into bookkeeping, payroll, and my taxes all in one platform, which is the most helpful as my income changes from month to month.
Monica Multani
Gastroenterologist Physician"Formations is always there to answer all my questions. They’ve given me peace of mind with my expenses, providing a great service to allow me to focus on growing my business and have really helped with saving on taxes."
Jeremy Martini
Real Estate Broker, John L. ScottFAQ
How does pricing work?
Our pricing is subscription-based. Whether you select quarterly or annual billing, we require a 12-month commitment because we handle your business financials and tax filings for the entire year.
Our pricing does not include federal and state fees (such as fees and taxes charged by your city, state, or the federal government), incorporation fees (setup and renewal), and banking fees.
You have the ability to change your pricing plan at any time.
What do I need to get started?
You'll need your personal and business information to get started with onboarding. You'll have access to onboarding via your Formations dashboard and can complete the information when it's most convenient for you. After signing up, you will be prompted to schedule a call to discuss the next steps and answer any questions.
How do I know which plan is right for me?
Each plan lists what's included with a description of services, but if you're unsure, the Formations team is happy to help. Choose whatever plan seems the closest to what you need, and then schedule a call to meet with an expert and discover which package would be best for your business. Don't worry, you're not charged until you start using Formations, and you can change your selection at any time.
Will Formations file my personal tax return?
Yes! Personal tax filings (1040 returns) are included in the price of each package.