New Business Formation

We 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 is available to you if needed.

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

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

7. Help you prepare a Cash Flow Budget so you have an idea of the amount of money you will need to keep the business alive for the first few years minimizing unplanned cash surprises.

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

9. Establish procedures to monitor and control costs.

10. Setup a home office if you qualify so that you can maximize your tax deductions.

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

12. Prepare and file your application for your Federal Employer Identification Number.

13. Provide payroll and payroll tax filing when you bring on your first employee.

14. Comply with employment laws so you are aware of the state and federal rules.

15. Identify business advisors through SBDC and SCORE who will assist you - without charge - in your early development stage.

16. Advise on establishing a solid Partnership Agreement for new partnerships which will help prevent financial and emotional problems down the road.