Having "Company Name" option added when creating a business/entity record

Having "Company Name" option added when creating a business/entity record

When creating a record for an entity/business, it would be nice to have an option to click that it is a company or business under the "Basic Person Information" tab.  Currently we are having to put the company name in the "first name" field and adding a space in the "last name" field in order to move forward in the record creating process.  Having an option for "Company Name" instead of first and last name would be more streamlined and less confusing when making a record for a business/company.