Business Start Ups
Now that you have decided to start your new business, there is a myriad of considerations that need to be addressed even before you open the door. Santora CPA Group can be there as a trusted advisor to help you plan for success.
One of the first things to consider is how your business will be structured for tax reporting purposes. Should the business be a corporation, partnership, limited liability company, or some other form of ownership? Each type has its advantages and disadvantages, and we can help you sort them out to find the best structure for your needs.
Obtaining the proper licensing in the state and/or locality where the business will be operating is paramount to a successful start-up. After all, you don’t want to get shut down for an unlicensed business before you get started. We can guide you in obtaining what you’ll need.
If you plan on having employees, proper documentation is required showing they are authorized to work in the United States. We can provide you with all the required HR information you’ll need and help you get set up to handle payroll.
Creating a comprehensive budget of your capital needs will help your business get off to a good start. You’ll have a number of capital decisions to make. For example, is it better to rent or purchase office space and expensive equipment? We have the expertise and tools to help you make these decisions.
Having a good accounting system in place early on will help you run your business more efficiently. And, an operating budget will help you control expenses and maximize your profits. We can recommend the right system for you and help you set it up.
Forming a relationship with a banker is important since your business may need to obtain financing for the start-up. We can offer recommendations when it comes to evaluating a bank for your business needs.
From advising you during the early start-up process, through helping your business grow and succeed, we will be Right, By Your Side every step of the way.