🏢 How to Determine Your Business Type and Structure
During onboarding, you’ll be asked to provide details about your Business Type and Business Structure. Selecting the correct information is important, as it affects the documentation and tax details required for your Maroo account.
📑 If You Filed Paperwork to Register Your Business
Your Business Type is most likely Company.
Your Business Structure will depend on the specific documents you filed (e.g., LLC, Corporation, etc.).
If you select Individual, you’ll need to provide your SSN.
If you select Company or Non‑profit, you’ll need to provide your EIN only.
If you’re unsure about your Business Structure, refer to your registration documents or consult your attorney/tax professional.
If you’ve incorporated your legal entity and are a registered nonprofit or charity, your Business Type is likely Non‑profit organization.
📄 If You Did Not File Business Registration Paperwork
Your Business Type is likely Individual.
You won’t need to select a Business Structure.
👥 Not the Business Owner?
If you’re completing onboarding on behalf of a business, confirm the correct Business Type and Structure with the business owner before submitting.
❓ FAQ
Q: What’s the difference between a Sole Proprietorship and a Single‑Member LLC?
A Sole Proprietorship means you and your business are legally the same, so you’re personally responsible for any business liabilities.
A Single‑Member LLC creates a separate legal entity, which helps protect your personal assets from business‑related risks.
By default, both are taxed the same way unless you elect to have the LLC taxed as a corporation.
⚠️ Important Notes
🔎 If you choose Individual, you must provide your SSN.
If you choose Company or Non‑profit, you must provide your EIN only.
📩 Need Help?
If you’re unsure about your Business Type or Structure, consult your registration documents or reach out to a legal/tax professional. For onboarding assistance, chat with us or email [email protected].