What type of business can I add to Pallo?

March 29, 2023

You can add the following types of business to Pallo:

  • C-Corps
  • S-Corps
  • LLC
  • Partnership
  • Sole-Proprietorship
  • Unincorporated (this is for those projects / ventures / gigs, that are not officially registered, but you want to be able to budget, do accounting, send invoices and much more for that project).

Why does it matter getting the type of business right?

It's important to allocate the right business type to your business as you enter it in Pallo as each different business type comes with a different Chart of Accounts (the categories you allocate your transactions to for accounting and insights purposes), also sometimes these businesses are treated in different ways when it comes to accounting.