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. Whenever someone contemplates starting a business there are a number of issues to be addressed, choices to be made and elections filed. There are an endless variety of documents and forms which must be filed, and, in many cases, they are subject to strict deadlines.
 
 
Please contact me if you are considering starting a business as I can provide guidance about a number of issues which should streamline that process and give you peace of mind that eveything is in order and nothing has been missed.

Below are some of these services I can provide that could 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 a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.

  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. File for a Federal identification number.

  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 when you bring on your first employee.

  14. Get you set up for payroll purposes including workers compensation and disability policies.

  15. Identify your business insurance needs.

  16. Provide a referral to a competent business attorney if you need to incorporate or start a limited liability company LLC. Where there are more than owner it is imperative that you have a written agreement right from the gitgo that memorializes your intentions about a variety of business and finanical matters.

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

Let me help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about my New Business Formation Services.

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