When starting a business, it’s essential to address key financial, legal, and tax-related considerations. We can assist in
many aspects of getting a new business set up including:
Determining your business structure: Decide whether your business will operate as a sole proprietorship, partnership, LLC, S-corporation, or C-corporation.
Choosing a tax year: Select a calendar or fiscal year for tax reporting purposes.
Establishing your entity in your state: Register your business and comply with state-specific requirements.
Applying for an Employer Identification Number (EIN): Obtain an EIN from the IRS for tax filings and payroll.
Deciding on employees or subcontractors: Determine whether you will hire employees, work with subcontractors, or both, and comply with related tax obligations.
Assessing sales and use tax requirements: Identify whether your business is responsible for collecting and remitting sales and use taxes.
Understanding your business taxes: Determine the types of taxes your business is subject to, such as income, payroll, or excise taxes.
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