New Business Consulting
Launching a new business is a complex endeavour that involves numerous financial and operational considerations. To support entrepreneurs in navigating these challenges, our accounting and tax firm is proud to offer comprehensive new business consulting services. Our goal is to help startups and small businesses establish a solid financial foundation and achieve sustainable growth.
Services Offered
1. Business Plan Development
- Market Analysis: Conduct thorough market research to identify target customers, competition, and potential market share.
- Financial Projections: Create detailed financial models, including revenue forecasts, expense budgets, and break-even analysis.
- Strategic Planning: Develop long-term business strategies aligned with market opportunities and business goals.
2. Entity Selection and Formation
- Business Structure Advisory: Advise on the best legal structure for your business (e.g., LLC, Corporation, Partnership) based on liability, tax implications, and future needs.
- Registration Assistance: Guide you through the process of registering your business with federal, state, and local authorities.
- Compliance: Ensure compliance with all regulatory requirements, including permits and licenses.
3. Financial Management and Accounting Setup
- Accounting System Implementation: Set up accounting software and systems tailored to your business needs.
- Bookkeeping Services: Provide ongoing bookkeeping services to maintain accurate and up-to-date financial records.
- Cash Flow Management: Develop cash flow projections and strategies to manage working capital effectively.
4. Tax Planning and Compliance
- Tax Strategy Development: Create tax strategies that minimize tax liabilities and maximize tax benefits.
- Tax Compliance: Ensure timely and accurate filing of all required tax returns and compliance with tax regulations.
- Tax Credits and Incentives: Identify and assist in applying for available tax credits and incentives
