Explore Our Plans for Small Businesses:
Drive Growth with Expert Financial Support
1. Entity Formation:
Decide on the best type of business entity.
2. Register with Government Entities: Apply for a Federal Employer Identification Number (EIN) from the IRS.
3. Licenses and Permits:
Apply for any required licenses or permits at the federal, state, and local level. This includes a general business license and any industry-specific licenses.
4. Tax Planning and Preparation
5. Sales and Use Tax Compliance:
Register with your state tax agency if you'll be selling taxable goods or services, and establish a process for collecting, reporting, and paying sales taxes.
6. Implement Accounting System: Choose and set up an accounting system that fits your needs.
7. Initial Budget Preparation and Cash Flow Projections: Develop a detailed budget and cash flow projections.
1. Bookkeeping and Accounting Services
2. Quarterly Meetings:
Schedule regular meetings to discuss progress towards goals, review financial health, and make necessary adjustments.
3. Ongoing Budget Review and Tax Planning:
Regularly review and revise your budget, cash flow projections, and tax strategy.
4. Personal Property Taxes:
If applicable, ensure compliance with personal property taxes on business assets. This may require annual reporting and payment.
5. Explore Financing Options:
If additional capital is needed for growth, consider various financing options such as loans, grants, or seeking investors.
1. Semi-Annual Strategic Meetings:
Hold strategic planning meetings twice a year to focus on long-term goals and business expansion plans.
2. Advanced Marketing Strategies:
Implement advanced marketing tactics to further drive customer acquisition and revenue growth.
3. Product or Service Line Expansion:
Consider introducing new products or services to meet additional customer needs and increase revenue streams.
4. System and Process Optimization:
Regularly review operations to identify efficiency improvements and implement new systems and processes as needed.
5. Risk Management and Contingency Planning:
Identify potential risks and develop contingency plans to mitigate them. This includes financial risks, operational risks, and external risks.
Additional Services: Trademarks and Patents. Business Plan Creation: Define your business model, target market, product/service offerings, and revenue model.