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

Are You Interested In Learning More About Business Formation?

The Professionals At Megilligan Accounting Have You Covered.