Thinking of starting a new business? We know that starting a new business can be an exciting, fulfilling, and overwhelming experience. We are here to help! We provide accurate planning and executive decision making to help you build the utmost foundation to your business. This can help you avoid costly mistakes in the future.
As you are building the formation of your new business, there are many things that you need to consider. Studies have shown that proper business plan will help build a strong foundation for your business to minimize risk and maximize success. Together we will form a comprehensive strategy that covers the following points:
As you are building the formation of your new business, there are many things that you need to consider. Studies have shown that proper business plan will help build a strong foundation for your business to minimize risk and maximize success. Together we will form a comprehensive strategy that covers the following points:
- Business Plan, prepare an initial business plan to lay out all the structure, marketing and financial plans.
- Identify and determine the Start-up cost and source of funds.
- Entity selection. Select a business structure that best suits your business and identify the pros and cons of each entity type.
- Prepare and file for Federal Employment Identification Number
- Prepare a cash flow and break-even budget to identify the cash flow needs of the business in its early stages.
- State and federal employer obligations.
- Comply with employment laws and payroll setup
- Prepare and file state and local specific permits
- Financial processes, including software selection and proper accounting procedures.
- Comprehensive tax planning.
- Inventory management