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New Business Formation

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Thinking of owning your own business?

Opening your own business is exciting and thrilling.  A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. Our experience with start-up companies will be used to help you avoid the common pitfalls that many new small business owners make.

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  1. Get in touch with agencies that help you create an initial business plan.

  2. Help you determine your start-up capital needs.

  3. Identify sources of start-up capital and backup sources if needed.

  4. Along with an attorney's recommendation we assist in selecting a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.

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

  6. 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.

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

  8. Establish procedures to monitor and control costs.

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

  10. Identify requirements for state and local licenses and permits.

  11. File your application for your Federal Employer Identification Number.

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

  13. Comply with employment laws so you don't get hit with fines.

  14. Put you in touch with professionals to identify your business insurance needs.

Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our Start-up Business Services.

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Simple Solutions Accounting Services, Inc., Office Address: 9401 Battle Street, Manassas, VA 20110
Phone: 703 392 8507 | Fax: 888 972 4556 | Email: info@simplesolutions4you.com
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