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New Business Formation

Focused on you. Dedicated to your success.

Opening your own business is exciting. To be successful you need a strategic plan of action to ensure that you meet or exceed your goals. Our professionals can help you avoid the common pitfalls that many new small business owners make when starting their new venture. We will:

  • 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 fits 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 run your business each month for the first few years.

  • Establish billing and collection procedures to help 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 a Federal Employer Identification Number (FIN).

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

  • Comply with employment laws so you do not get hit with fines and unhappy employees.

  • Identify your business insurance needs.

  • Develop a solid partnership agreement to help prevent financial and emotional problems.

Experience McCarthy & Company! Discover how you will benefit from working with us.


 
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