Starting your own business is thrilling and can fulfill the dream of being your own boss. But a methodical plan of action is essential to starting and running a successful business. You must prepare and approach your new business with knowledge and a plan.
Saga Taxes and Accounting New Business Formation Services will help you start your own business and avoid common pitfalls that many new small business owners make.
How Our Experts will Help You Start Your Business
We will:
- 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
- Evaluate your borrowing power to identify financing possibilities
- 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 accounting software that best suits your needs
- Prepare a Cash Flow Budget to determine the money needed to sustain the business each month for the first few years
- Establish billing and collection procedures to maximize cash flow
- Establish procedures to monitor and control costs
- Set up a home office to maximize tax deductions
- Prepare and file all required state and local licenses and permits
- Prepare and file your Federal Employer Identification Number application
- Provide payroll and payroll tax filing for your first employee
- Comply with employment laws
- Identify your business insurance needs
- Develop a solid Partnership Agreement *This is an extremely important document for all new partnerships and will help prevent financial and emotional problems down the road
Let us help you succeed by getting your new business off to a good, strong start. Complete the form below to learn more about our New Business Formation Services.