Forming a New Business
Becoming an entrepreneur and creating a business is one of the most rewarding things a person can do, if they’re willing to put in the work. Coming up with a brand and concept is one thing, implementing everything you need to do behind the scenes is another. That’s where we come in.
Having a concrete business plan is part of it, but having a team to help guide you through the process is how you can ensure a successful business. We help new business owners avoid common mistakes and errors that often get overlooked or in the way of getting to your goals.
Here’s how we can help – we’ll start with the preparation of a BUSINESS PLAN to help you get a bigger picture of your potential marketing, management and financial strategies. Then we’ll discuss and determine START-UP CAPITAL needs including assessments of borrowing power (if needed). Once we get the bones of your business together, we’ll then start talking about a BUSINESS STRUCTURE that best suits your needs by evaluating state and federal tax advantages, legalities, ease of operation and portability. Next we’ll review with you the type of ACCOUNTING SOFTWARE you might need and prepare a CASH FLOW BUDGET so you know exactly how much money you need to keep your business afloat for the first few years.
We will accommodate HOME OFFICES, along with the preparation and filing of all required LICENSES and PERMITS.
We will also help with INSURANCE and PAYROLL needs.
We’ll also help with setting up your business to accommodate a HOME OFFICE so you can
maximize your tax deductions, along with the preparation and filing of all required LICENSES AND PERMITS. Different businesses sometimes require different permits, and we know exactly
which ones you’ll need. Once we get all of this information, we can then prepare and file your application for a FEDERAL EMPLOYER IDENTIFICATION NUMBER. This means you’re well on your way to being a full-fledged business!
We’ll also help with INSURANCE needs, and when the time comes, PAYROLL. Yes, we can handle that, too.
HOW TO DECIDE WHAT TYPE OF BUSINESS ENTITY YOU ARE
This is often one of the most overlooked pieces of the business puzzle, yet one of the most important. You can read a hundred articles online about what type of business you are, you should get it right from the get-go from a professional who seeks to truly help your business
So what type of entity should your business be?