New Business Formation

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 survive.

A methodical plan of action is needed to fulfill your 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 help you succeed by:

Prepare an initial business plan to clarify your marketing, management and financial plans.
Determine your start-up capital needs.
Identify sources of start-up capital and backup sources if needed.
Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
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.
Select the right accounting software by evaluating your budget, needs and hardware.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business running.
Establish billing and collection procedures to maximize your cash flow.
Establish procedures to monitor and control costs.
Prepare and file all required state and local licenses and permits.
Prepare and file your application for your Federal Employer Identification Number.
Provide payroll and payroll tax filing when you hire your first employee.
Comply with employment laws.
Identify your business insurance needs.