Setting up a new business is more complicated then just going to work.
We start out with a discussion of the various types of business entities to choose from:
- Corporation, to be an S corp. or a C corp. both have liability protection, one is taxed at the corporate level and the other has the profits or losses flow through to the shareholder. Which one is right for you.
- Partnerships, there must be at least two to form a partnership
- LLC-limited liability company-usually used for real estate
- Sole proprietorship
You will need a federal identification number and you must register with the various taxing agencies if you are going to have payroll or collect sales taxes, we will help with any or all of these.
Setting up the books
We recommend using Quickbooks accounting software program to help organize and keep the records. We will help you choose the correct one and train you to use it.
A Business Plan
If you don’t know where you are going any road will take you there. We will help you clearly define your goals and help develop a plan to achieve them. We know you can work hard, let’s make sure you get where you want to go.