New Business Formation

Thinking of owning your own business?

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 can help you...

1. Review your 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.

5. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, and ease of operation. 

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 guidance when you bring on your first employee.