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Your Tax Advisor™

New Business Formation

Contact Us (212) 576-1592

New Business Formation

Thinking of Starting your own business or expanding to another location?

Opening your own business is exciting, thrilling and confusing. A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business.

We help you steer through the maze of forming a business plan, legal complications, tax registrations, and reporting. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We can help you: 
  1. Prepare an initial business plan to clarify your marketing, management, and financial plans.
  2. Determine your start-up capital needs and sources 
  3. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  4. 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.
  5. Select the right accounting software by evaluating your budget, needs, and hardware.
  6. Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. 
  7. Establish billing and collection procedures to maximize your cash flow and monitor costs. 
  8. Setup a home office so you can maximize your tax deductions.
  9. Prepare and file all required state and local licenses and permits.
  10. Prepare and file your application for your Federal Employer Identification Number.
  11. Provide payroll and payroll tax filing when you bring on your first employee and comply with employment laws so you don't get hit with fines and unhappy employees.
  12. Identify your business insurance needs.
  13. Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

Let us help you succeed by getting your new business off to a good strong start.