Starting up a new business is exciting and can come with many questions. When you come to us with your new business plan we look forward to hearing about your new venture. We can help with the accounting, payroll and tax questions that accompany this type of decision.
You are not only planning to make money but also net a profit at the end of year. Have you thought about the structure of your business and entity choices? (Take a look at our Entity Comparison Chart below.) These decisions will ultimately have a large impact on how your business profits will affect your personal tax liability. Let us discuss the pros and cons of various entity choices with you.
Your business plan might be a complex computer model with various projections based on several pricing structures or something simple sketched-out on notebook paper. By creating a business plan with financial projections you have thought through some important details. As your business develops, we can help you revise and revisit those objectives on a regular bases keeping you focused and your business on track.
So many steps to consider: Choosing a Business Name, Entity (Sole Proprietorship, LLC, or Corporation), Obtaining a Federal Employer Identification Number (EIN), Ownership and Responsiblities, Initial and Operating Capital, Payroll payments and reports, Sales Tax, Business Licenses, an Accounting system. These are all areas we will touch on and gladly be your adviser through this process. We look forward to seeing your business succeed and flourish.
Behind every small business, there’s a story worth knowing. All the corner shops in our towns and cities, the restaurants, cleaners, gyms, hair salons, hardware stores – these didn’t come out of nowhere. —Paul Ryan