New Business Formation

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's what comes after the excitement and thrill has worn off that dictates whether a small business will make it or not.

A methodical plan of action is needed to fulfill your dream of being a successful business owner.   Success lies in the approach you choose to take.  We can 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.

3. Identify sources of start-up capital and backup sources if needed.

4. Evaluate and quantify your borrowing power so you know how much money you can secure if needed.

5. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability.

6. Select the right accounting software by evaluating your budget, needs and hardware.

7. Prepare a Cash Flow Budget to determine how much cash flow you need to keep the business operating for the first few years.  

8. Establish billing and collection procedures to maximize cash flow.

9. Establish procedures to monitor and control costs.

10. Prepare and file all required state and local licenses and permits.

11. Prepare and file your application for your Federal and state Employer Identification Numbers.

12. Provide for payroll accounting and payroll tax filing when employees begin.

13. Identify your business insurance needs.

14. Celebrate your business success!