New Business Entity Formation

Establishing a new business is no easy task. It is very time consuming because there is a lot to consider, such as the tax aspects of a business structure or how you can improve business performance. We’re here to help you through the entire process, including:

  • Business entity selection and formation
  • Incorporations
  • LLC formations
  • Not for Profit entity formation
  • Required filings with local, state and federal government
  • Tax classification elections
  • S-Corporation election
  • Obtaining FEIN from the IRS
  • Setup of initial accounting system
  • Creating budgets and comparing them to actual results
Ongoing Services

The many aspects of operating a business can create a lot of questions that you need answered. Once your business is off and running, we help you stay on the right track by offering the following services as-needed:

  • Tax planning and preparation
  • Bookkeeping
  • Financial analysis
  • QuickBooks setup, training and tune-up
  • Payroll setup and processing

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you…

  1. Prepare an initial business plan to clarify your marketing, management, and financial plans.
  2. Determine your start-up capital needs.
  3. Identify sources of start-up capital and backup sources if needed.
  4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  5. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
  6. Select the right accounting software by evaluating your budget, needs and hardware.
  7. Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  8. Establish billing and collection procedures to maximize your cash flow.
  9. Establish procedures to monitor and control costs.
  10. Setup a home office so you can maximize your tax deductions.
  11. Prepare and file all required state and local licenses and permits.
  12. Prepare and file your application for your Federal Employer Identification Number.
  13. Provide payroll and payroll tax filing when you bring on your first employee.
  14. Comply with employment laws so you don’t get hit with fines and unhappy employees.
  15. Identify your business insurance needs.

Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.