New Business Formation
Are you thinking of becoming a small business owner? Along with a big idea and a sense of the market you’ll serve, you’ll need a business and financial advisor who can help your business take flight.
We can help you:
Develop your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget
Choose a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability
Create partnership agreements, as needed, to avoid financial and/or emotional trauma downstream
Select the right accounting software and establish the chart of accounts
Build billing and collection procedures to enhance your cash flow
Investigate your borrowing power and give coaching on how to nurture a mutually beneficial banking relationship
Prepare and file all state and local licenses and permits.
Make application for your Federal Employer Identification Number.
Identify start-up capital needs and available resources to address them
Provide payroll and payroll tax filing when and if you hire employees
Verify citizenship or immigration status of employees through E-Verify.
Establish procedures to evaluate and control costs
Identify your business insurance needs