# Formations

> Formations is a Kirkland, Washington fintech that combines software with accountants, bookkeepers, payroll support, and tax professionals to help self-employed Americans form and run tax-efficient businesses. Its central move is to treat a qualifying business of one like a company all year - often through an S-corporation election - rather than treating taxes as a frantic annual filing exercise.

- **Founded:** 2019
- **Headquarters:** Kirkland, United States
- **Founders:** Shahar Plinner (Co-Founder and CEO), Uri Bar-Joseph (Co-Founder and COO)
- **Team size:** Approximately 73 employees in the supplied company data; LinkedIn lists a 51-200 employee range.
- **Products:** LLC Management, Digital (S-Corp), Standard (S-Corp), Platinum, Tax and Accounting Dashboard
- **Notable:** Raised an $8 million Series A led by Arthur Ventures in April 2022., Built an end-to-end service spanning entity formation, bookkeeping, payroll, tax planning, filing, and benefit allocations., Expanded from a real-estate-heavy early customer base into consultants, physicians, creatives, and other independent professionals.

## Products & services

- **LLC Management** — Basic entity formation and management, digital expense tracking, and business and personal tax preparation for customers who do not need the full S-corp stack.
- **Digital (S-Corp)** — A software-led S-corp service combining formation, banking connections, expense tracking, payroll, estimated payments, bookkeeping automation, and tax filing.
- **Standard (S-Corp)** — The core S-corp package with software plus professional review, quarterly reporting, and a dedicated customer-success relationship.
- **Platinum** — A hands-on tier for more complex businesses of one, including monthly reporting, dedicated account management, strategy sessions, and live advice.
- **Tax and Accounting Dashboard** — A unified view of income, expenses, payroll, tax liability, quarterly payments, filings, and business financial reports.

## Achievements

- Raised an $8 million Series A led by Arthur Ventures in April 2022.
- Built an end-to-end service spanning entity formation, bookkeeping, payroll, tax planning, filing, and benefit allocations.
- Expanded from a real-estate-heavy early customer base into consultants, physicians, creatives, and other independent professionals.
- Reports thousands of customers and average annual tax savings above $11,000, with a 2023 consultant-page figure of $14,801.
- Maintains a library of webinars, calculators, guides, and customer case studies that turns tax education into customer acquisition.

## Latest updates

- **2026-07** — Formations published new comparative guidance positioning its year-round strategy against DIY tax software, traditional CPAs, and Collective for self-employed earners above roughly $75,000.
- **2026** — The company added guidance on health-insurance options for S-corp owners and described a client pathway through Vault Strategies.
- **2025-12** — Published year-end tax strategy guidance focused on retirement contributions, S-corp elections, better financial systems, and quarterly planning.
- **2025-05** — Updated customer terms governing its annual tax and accounting engagements.
- **2025-03** — Introduced educational material on financial ratios and leverage for real-estate agents.
- **2024-03** — Promoted an AI tax assistant designed to give self-employed users faster answers while they wait for professional help.

## Links

- Website: https://formationscorp.com
- LinkedIn: https://www.linkedin.com/company/formationscorp
- Twitter/X: https://twitter.com/formationscorp
- Facebook: https://www.facebook.com/Formationscorp/

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Profile page: https://yespress.io/formations
Published by YesPress — https://yespress.io
Last updated: 2026-08-22