New Business Formation

1 hr / $85

EA takes the stress out of starting your own business so you can focus on making your dreams come true from registering with the Secretary of State to raising capital.

• 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.

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

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

• Set up a home office so you can maximize your tax deductions.

• Determine your start-up capital needs and identify sources of start-up capital and backup sources if needed.

• Ascertain your business insurance needs.

• Prepare an initial business plan for your marketing, management, and financial plans.

• 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.

• Assist with establishing procedures to monitor and control costs.

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

• Ensure compliance with employment laws so you don't get hit with fines and unhappy employees.

• Assist with the development of 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.