Starting a Business

With our help, you will identify and avoid the common mistakes many new business owners make. We will help you build a business plan for success, as well as provide financial management services to meet your needs.

Steps to starting your business right…

• Prepare a business plan and determine your initial capital needs.
• Identify your current resources, as well as sources of start-up capital and your borrowing capacity.
• Review potential business structures in terms of tax advantages and portability in case you need to relocate.
• Plan for financial management of your business by selecting accounting software that fits your projected budget and gaining the hardware necessary to run it.
• Understand the key components of a Cash Flow Projection and develop one to cover each month of your business for the first year, at least.
• Learn about the best billing and collection procedures to maximize your cash flow.
• Research and gain an understanding of employment laws so that you are prepared to comply from the start.
• Consider a home office for maximizing tax deductions.
• Prepare and file for all local and state licenses and permits.
• Gain a Federal Employer Identification Number and set up payroll services and payroll tax filing systems with your first employee.
• Identify any business insurance needs.
• Develop a Partnership Agreement. By putting the terms of all business partnerships into writing, you will save a lot of future pain and headache, as well as the potential detriment of your business.

Don’t let this list overwhelm your desire to start a business. Our services were created with small business owners like you in mind.

Call us today to start your business the right way!