Tax Entities are legal entities that exist primarily to pay tax and perform public functions. These entities are typically set up by governments or other public authorities in order to generate revenue, manage resources, or deliver services. Examples of tax entities include corporations, trusts, sole proprietorships, partnerships, LLCs, and government agencies. Tax entities must adhere to local and federal laws governing taxation, as well as best practices for compliance. Investing in and managing tax entities can be a complicated process, so it’s important to speak with an experienced accountant or lawyer to explore the options available.