New Business Formation

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

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 the right accounting software by evaluating your budget, needs and hardware.
  1. 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.

  2. Establish billing and collection procedures to maximize your cash flow.

  3. Prepare and file all required state and local licenses and permits.

  4. Prepare and file your application for your Federal Employer Identification Number.

  5. Provide payroll and payroll tax filing when you bring on your first employee.

  6. Comply with employment laws so you don't get hit with fines and unhappy employees.

  7. Identify your business insurance needs.

Selecting a business structure that best fits your needs is an extremely important decision that requires careful and informed consideration. You have many choices to choose from including, a sole proprietorship, a C-Corporation, an S-Corporation, a partnership, or an LLC. The tax and legal ramifications can vary greatly and you need an experienced guide to lead you through this selection process. We can help you evaluate the tax advantages, legal exposure, ease of operation, and portability of each of these options so you can choose the right fit for you.

Let us help you succeed by getting your new business off to a good strong start.

Please complete the form below to learn more about our New Business Formation Services.

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