New Business Formation

New Business Formation

Are you thinking of owning your own business?

There is nothing more thrilling than starting up your own business! Whether your business survives depends on when the ‘honeymoon period’ is over – can you keep up the excitement with building your business week in, week out? There are many pitfalls to avoid when you are starting up your business and we are here to guide you to the smooth path of success. We will discuss your goals and aspirations and help you decide a comprehensive plan for continuous future growth and peace of mind.

We will be there every step of the way to help you:
  • Prepare an initial business plan to ensure clarification of your marketing, management and financial plans for the future.
  • Determine your start-up capital requirements and identify sources and back up if needed.
  • Evaluate and determine your borrowing power for any extra funding required.
  • Get in place a bespoke business structure that fits your needs perfectly.
  • Plan future relocation by evaluating tax advantages, legal exposure, modes of operation and portability.
  • Determine your budget, requirements and hardware for the selection of the correct accounting software.
  • Prepare a budget for business cash flow so there will be no hidden pitfalls in the critical first years.
  • Have a plan ready for billing and payment collection to maximum cash flow.
  • Establish a plan to monitor and control costs.
  • Set up your bespoke office for efficient tax planning.
  • Prepare and file all appropriate local and state licences and permits and your Employer Identification Number.
  • Arrange payroll and tax filing for your first employee and make sure you are up-to-date with all relevant employment laws to ensure a happy workforce.
  • Determine bespoke insurance needs for your business.
  • Prepare and implement one of the most important documents for your business: a Shareholder Agreement that is essential to prevent any financial and emotional crises in the future.

 

 

 



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