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New Business Entity

Services



We know that starting a new business entity can be a daunting task, to say the least. Choosing an incorrect business entity type could have undesirable and ever-lasting financial and tax consequences.
We will gain a complete understanding of your business and ownership structure to help you select the most appropriate entity choice for your operations that will position you to achieve the most advantageous tax benefits.


We can also advise you and help you create a methodical plan that will greatly increase your chances of growing and maintaining a successful business. We will help you avoid the common pitfalls that many new small business owners make when starting their new ventures. Our New Business Entity Formation & Advisory Services include:

_Advising you on selecting the appropriate entity structure for your new business (i.e., C-Corporation, S-Corporation, Limited Liability Company (LLC), Partnership, Sole Proprietor, etc.)
_Assistance with the formation of your entity and/or working with your attorney to review Secretary of State filings.
_Prepare and file your application for the entity's Federal Tax Identification Number with the IRS.
_Provide accounting and bookkeeping advice as well as suggestions on how to properly use and maintain the corporate bank accounts.
_For those clients who wish to work out of their home to save costs, we will advise you on setting up a home office in order to maximize tax deductions.
_Determine potential payroll tax reporting requirements or independent contractor/consultant 1099 reporting requirements for your outside help.
_Prepare any necessary City Business Tax or license registration.
_Assist in preparing projected financial statements or cash flow projections that are usually necessary for start-up financing.

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