New Business Formation
Prepare an initial business plan to clarify your goals, marketing, management, financial plans, and capital needs.
Identify initial sources of capital and backup sources 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 and business software by evaluating your budget, needs and hardware.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep your business alive each month for the first few years.
Establish billing and collection procedures to maximize your cash flow and procedures to monitor and control costs.
Prepare and file all required state and local licenses and permits, and 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.
Develop 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.
Profitability & Growth Consulting
To be an effective tool for each of our clients, we’ve developed a thorough process for working with you and your business. We start every new client engagement with a client needs assessment where we learn more about your business operations, challenges, and history. This step involves us asking many questions to help uncover what has transpired to date within your company, and where you hope to take it in the future.
First, we identify and set personal and professional goals that will serve as the focus for our engagement and planning
Next, we develop a plan to make sure that all of the goals as we understand them are aligned with what you’re hoping to achieve for your business.
Then, we implement that plan. We monitor changes throughout and advise on course-correction whenever it’s necessary