Entity Support Service Overview

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Entity Support

Entity Support is SRG’s full-service entity formation offering for advisors and firm owners who want expert guidance through the financial, tax, and governance decisions that determine whether an entity actually serves long-term ownership objectives. A properly formed entity does more than provide liability protection — it supports ownership evolution, succession strategy, and long-term enterprise value. SRG coordinates tax professional collaboration, governance documentation, and implementation from strategy through execution. The service overview below is an interactive document outlining available tiers, scope, pricing, and the team leading your engagement.

Entity Support (Fast Track)

Fast Track Entity Support is a streamlined entity formation service for advisors and firm owners who are ready to move quickly and comfortable relying on industry-standard documentation and SRG’s established best practices. For those who need a properly formed entity without an extended consultation process, Fast Track delivers entity formation and governance documents in approximately 30 days. SRG coordinates tax professional review, EIN application, state registration, and e-signature facilitation — all under one roof. The service overview below is an interactive document outlining what’s included, the Fast Track process, pricing, and the team leading your engagement.

Entity²

Entity² is SRG’s two-tier ownership structuring service for RIAs and firm owners building toward equity transitions, succession, or long-term enterprise growth. The engagement forms one new entity that pairs with the firm’s existing entity, completing a deliberate two-tier ownership structure designed to preserve optionality and support enterprise value over time. SRG coordinates tax professional collaboration, governance documentation, and implementation from strategy through execution, with one lead consultant guiding the engagement from first conversation through final filing. The service overview below is an interactive document outlining what’s included, the Entity² process, pricing, and the team leading your engagement.

FAQs for Entity Setup and Support

What is the entity support service?

Our entity support service is designed to help advisors navigate the nuances and challenges related to creating and using a more formal organizational structure for their business (e.g., partnership or corporation).

I already have an entity, can you still help me?

SRG can definitely help you if you have an entity! We review your current entity structure, work inside that framework and ensure that you are well-documented, researched, and compliant.

Who is the entity support service for?

Our entity support service is for all independent business owners within the financial services industry who typically have one or more employees and/or independent contractor.

Who should engage for the entity support service?

The business owner should engage in the entity support service.

Why form an entity?

There are several reasons to set up and operate your business as an entity:

Ability to share/sell
incremental equity and develop phantom equity plans
Formalized ownership structure
Greater continuity
Potential tax savings
Reduced personal liability

My main goal is tax savings, how much will I save?

Tax savings will vary for each business owner, but are usually in the amount of Medicare taxes (2.9% for 2020) saved on distributions received from an S Corporation. For larger teams, the potential tax savings may be sufficient motivation, but there are a multitude of additional reasons to set up and use an entity, all generally more important than the tax savings long-term (but we get it, saving on taxes doesn’t hurt either!).

Should my CPA or attorney be included in these conversations?

We encourage you to include your CPA and/or attorney in select conversations, which we can facilitate in our Elite service level, making the process turnkey for you.

Why should I hire SRG versus my other professional counsel who said they can do it for a lot less?

Compared with businesses in other industries, the flow of revenue in the financial services industry necessitates additional steps because you are paid directly. This results in different regulatory nuances that you will need to know how to navigate. Our firm works exclusively in this industry, ensuring that you are not only compliant for internal purposes, but also for tax and legal purposes. We collaborate extensively with your CPA to ensure this happens and that he/she understands the background on the issue and the solution.

What do I need to provide?

We request you complete a questionnaire. The questionnaire includes the following sections to complete: Business Formation Information, Shareholder/Member Information, Director Information, Officer Information, and Accounting Information.

Are there any annual maintenance requirements for the entity?

Meeting Minutes should be completed annually. Most states also require the filing of an annual report. Best practice is to review your entity setup annually prior to the due date of your annual report. You will receive a checklist from us to help with the review and we will send you a reminder notice prior to the due date of your annual report. SRG can also help support you on an ongoing basis for a small additional fee, making it even easier on our clients to have and use an entity.

How is SRG different?

SRG has years of experience creating entities for our clients. We know your industry. And, we have helped our client’s family’s and legal counsel put these plans into action when something has happened. This is the experience we bring to each client’s plan.

We strive for excellence and, as a result, we are always learning, adapting, and revising our deliverables and resources to ensure that you receive a fair, accurate, and timely solution as the industry changes.

We are neutral. We are not affiliated with a broker-dealer or custodian and can provide the advice that is best for you. We also pride ourselves on service – providing high-touch, high-quality solutions to our clients.

How do I get started?

(503)427-9910 Schedule a Call

Should my staff be included in these conversations?

For many services, we discourage you from including staff members early on in these calls so both you and SRG may speak freely, but we leave this decision up to each client.

Who would I be working with?