A New Business Formation

Some of your options are:

• Sole Proprietor under a DBA
• S-Corporation
• Limited Liability Company (LLC)
• Corporation
• Partnership

All these have different implications and structures. Let us help you decide which one is best for your business idea. We can organize and register all of these with the State of Florida and obtain the necessary federal and state identification numbers for each business.

Success lies in the approach you choose to take. We help you avoid the common mistakes that many new small business owners make when starting their new venture.

We help you:

• Prepare an initial business plan to clarify your marketing, management, and financial plans.
• Determine your start-up capital needs.
• Identify sources of start-up capital and backup sources if needed.
• Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
• Select a business structure that best matches your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
• Select the right accounting software by evaluating your budget, needs and hardware.
• 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. Unplanned cash requirements are always emotionally painful.
• Establish billing and collection procedures to maximize your cash flow.
• Establish procedures to monitor and control costs.
• Discuss with your required state and local licenses and permits.
• Prepare and file your application for your Federal Employer Identification Number.
• Provide payroll and payroll tax filing when you bring on your first employee
• Comply with employment laws so you don’t get hit with fines and unhappy employees.
• Identify your business insurance needs.