New Business Formation and Setup

Thinking of owning your business?

Opening your own business is exciting and thrilling. However, proper planning and setup is a key for a business to grow from the "startup company" phase to a successful and profitable company.

A plan of action is needed to fulfill this goal of business growth and success lies in the approach taken.  Our firm can help you avoid the common pitfalls that many new small business owners encounter when beginning their new venture.

We help you...

• Prepare an initial business plan to clarify your marketing, management and financial plans
• Select a business structure that best fits your needs by evaluating tax advantages, legal exposure and ease of operations
• Select the appropriate accounting software by evaluating your budget, needs and computer capabilities
• Prepare a cash flow budget so you know exactly how much money is needed for daily business operations.  Typically, this projection would run for the first year or two, depending on the company's goals, to assist in getting out of the "startup company" phase
• Establish billing and collection procedures to maximize your cash flow
• Establish procedures to monitor and control costs
• If appropriate, set up a home office so you can maximize tax deductions
• Prepare and file all required state and local licenses/permits
• Prepare and file for the company's Federal Employer Identification Number
• Draft an appropriate operating agreement (for partnership)

Let us assist you so your business starts off on the right foot.  Contact our office to set up a meeting to discuss your new business venture.