Formation and representation
we form new entities in all 50 U.S. states and the District of Columbia. you can rely on us to provide timely statutory representation in the form of Registered Agent service, as well as the ongoing compliance assistance you need to keep your entity on track and in good standing.
- S corporations
- C corporations
- Limited liability companies (LLCs)
- Public benefit corporations
- Limited partnerships
- Statutory trusts
- General partnerships
New Business Formation
Opening your own business is exciting and thrilling and to maintain and stretch out the “thrill and excitement” period forever.A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.
We help you…
- Prepare an initial business plan Market, Manage and Plan Financials.
- Identify sources of start-up capital and backup sources if needed.
- Evaluate borrowing power: Source and Money you can get in case ever needed.
- Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability.
- evaluating the right accounting software and hardware by your budget .
- Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years.
- Establish billing and collection procedures to maximize your cash flow.
- Establish procedures to monitor and control costs.
- Setup a home office so you can maximize your tax deductions.
- Prepare and file all required state and local licenses and permits.
- Prepare and file your application for your Federal EIN.
- Provide payroll and payroll tax filing when you bring on your first employee.
- Comply with employment laws- Don’t get hit with fines and unhappy employees.
- Identify your business insurance needs.
- Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
Starting New Business strategies
Starting a new business is a very exciting and busy time. If you expect to have employees, there are a variety of federal and state forms and applications that will need to be completed to get your business up and running. That’s where we can help…
Employer Identification Number (EIN)
Securing an Employer Identification Number (also known as a Federal Tax Identification Number) is the first thing that needs to be done since many other forms require it. The fastest way to apply for an EIN is online through the IRS website or by telephone. Applying by fax and mail generally takes one to two weeks. Note that effective May 21, 2012, you can only apply for one EIN per day. The previous limit was 5.
State Withholding, Unemployment, and Sales Tax
Once you have your EIN, you need to fill out forms to establish an account with the State for payroll tax withholding, Unemployment Insurance Registration, and sales tax collections (if applicable).
Payroll Record Keeping
Payroll reporting and record keeping can be very time-consuming and costly, especially if it isn’t handled correctly. Also, keep in mind, that almost all employers are required to transmit federal payroll tax deposits electronically. Personnel files should be kept for each employee and include an employee’s employment application as well as the following:
It is completed by the employee and used to calculate their federal income tax withholding. This form also includes necessary information such as address and social security number.
It must be completed by you, the employer, to verify that employees are legally permitted to work in the U.S.