When creating a new Client in CoraCloud, you are first prompted to enter the Client Name and select a Client Type. These types include an Individual, Business Owner, and Corporation. You can decide which type works best for you given the type of work you are doing for the Client. Once created, these Clients are shown on your ‘My Clients’ page of the 'Files' tab. The Client will have access to the ‘External’ folder of the Entity (Project, Business, Subsidiary) you invite them to. Any Client type can have any Entity type (Project, Business, Subsidiary) associated with it. Information describing each Client type and their recommended Entity types can be found below.
Individual
This type of Client is used when you are working with a single person (and/or their family) and they do not own any businesses of their own. Work and documents for these types of Clients typically include items of a more personal nature including personal taxes, retirement funds, college funds, and trusts. In most cases, Individual Client types would use the 'Project' Entity type. You may also create a Business or Subsidiary Entity type for an Individual if necessary.
Individual Projects
Once created, Individuals are shown on your ‘My Clients’ page and documents can be uploaded to any of their Entity’s Internal and/or External folders. The Client will have access to the ‘External’ folder located in each of the Entities they're invited to.
Business Owner
This type of Client is used when the person you are working with is the direct owner of one or more businesses and the work you are doing for them relates to these businesses. In most cases, Business Owner Client Types would use the Business Entity type. You may also create a Project or Subsidiary Entity type for a Business Owner if necessary.
Business Owner Business
Once created, Business Owners are shown on your ‘My Clients’ page and documents can be uploaded to any of their Entity’s Internal and/or External folders. The Client will have access to the ‘External’ folder located in each of the Entities they’re invited to.
Corporations
This type of Client is used when working with an incorporated business such as an LLC that owns multiple subsidiaries. In most cases, Corporation Client Types would use the Subsidiary Entity type. You may also create a Project or Business Entity type for a Corporation if necessary.
Corporation Subsidiary
Once created, Corporations are shown on your ‘My Clients’ page and documents can be uploaded to any of their Entity’s Internal and/or External folders. The Client will have access to the ‘External’ folder located in each of the Entities they’re invited to.
Please note: if at any time you need to change the type of Client you have created because your work for them has changed, you can do so by clicking on the three-dot menu of the Client on the ‘My Clients’ page and clicking ‘Edit’. You can also change an Entity type at any time by clicking on the three-dot menu of the Client’s Entity and selecting ‘Edit’.