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New Business Formation

New Business Formation

Congratulations! You have made the decision to open your new business.  

A new venture is both exciting and overwhelming.  Your main goal should always be to run 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 company.

We help you...

  1. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.

  2. Select the right accounting software by evaluating your budget, needs and hardware.

  3. Prepare a Cash Flow Budget so you know exactly how much money you need to keep your company in operation.

  4. Establish billing and collection procedures to maximize your cash flow.

  5. Establish procedures to monitor and control costs.

  6. Setup a home office so you can maximize your tax deductions.

  7. Prepare and file all required state and local licenses and permits.

  8. Prepare and file your application for your Federal Employer Identification Number.

  9. Provide payroll and payroll tax filing when you bring on your first employee.

  10. Comply with employment laws.

  11. Identify your business insurance needs.

  12. Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a significant amount of financial challenges.

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© Gordon CPA Group 2018