Advisory
Business Formation Services
Start your business with confidence. From choosing the right business structure and completing registration requirements to obtaining an EIN and setting up your accounting systems, we help you establish a strong financial foundation.
Start Your Business on a Strong Financial Foundation
Starting a business involves important decisions about its structure, tax treatment, registration requirements, and financial operations. Making informed choices from the beginning can simplify future accounting, tax reporting, and business management.
The Accounting Firm provides business formation and startup accounting services to help entrepreneurs establish their businesses and prepare for successful operations. We assist with evaluating business structures, completing applicable formation filings, obtaining Employer Identification Numbers, and establishing required tax registrations.
Our business formation services include preparing and submitting applicable state formation documents and obtaining the EIN. Once the formation process is completed, we provide the client with the business formation documents.
We also help new businesses prepare for their accounting and payroll responsibilities, including setting up QuickBooks Online, organizing financial records, and establishing payroll systems when needed.
Whether you’re launching your first business, establishing a new company with partners, or expanding your existing business activities, our services help you navigate the financial and administrative steps involved in getting started.
Our Business Formation Services
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Business Entity Selection & Structuring
Guidance on selecting an appropriate business structure, including LLCs, corporations, partnerships, and other entities, based on ownership, tax treatment, business objectives, and anticipated operations.
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Business Registration & Formation Filings
Preparing and submitting applicable state business formation documents and registration filings, and providing the completed formation documents to the business owner.
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EIN Applications & Federal Tax Registrations
Assistance with obtaining an Employer Identification Number (EIN) from the IRS and establishing the federal tax identification information needed for your business.
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S Corporation & Tax Classification Elections
Evaluating available federal tax classifications and preparing applicable elections, including S corporation elections, based on the business’s structure, ownership, and tax objectives.
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State & Local Tax and Payroll Registrations
Assistance with applicable state and local tax registrations, including sales and use tax, employer withholding, unemployment insurance, and other tax accounts required for business operations.
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Accounting, QuickBooks & Payroll Setup
Establishing accounting systems, configuring QuickBooks Online, organizing the chart of accounts and bookkeeping procedures, and helping new businesses set up payroll for employees and working owners.
Business Formation Support for Entrepreneurs
We work with entrepreneurs, small-business owners, and professionals who are ready to establish a new business and want assistance navigating the formation and registration process.
Our services support individuals starting their first business, partners launching a new venture, and existing business owners establishing additional companies or business operations.
We also help sole proprietors considering a transition to an LLC or corporation, businesses evaluating an S corporation election, and new companies preparing to establish accounting systems, register for taxes, or hire their first employees.
Our goal is to help business owners begin with an appropriate structure, organized financial records, and the tax registrations necessary for their operations.
Our Approach
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Understand Your Business Plans
We discuss your proposed business, ownership structure, expected operations, and financial objectives.
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Evaluate Formation & Tax Options
We review business entity structures and tax classifications to identify options that align with your circumstances and objectives.
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Complete Business Registration
We assist with applicable state formation filings, business registration requirements, and obtaining your Employer Identification Number.
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Establish Tax Accounts & Elections
We assist with applicable federal tax classification elections and required state and local tax registrations.
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Set Up Accounting & Payroll
We help establish accounting systems, financial recordkeeping procedures, and payroll processes to support your business from the beginning.
Industries we serve
Frequently asked questions
Should I form an LLC or an S corporation?
An LLC and a corporation are two different legal business structures, each with its own characteristics and tax considerations. A corporation can elect to be taxed as an S corporation by filing IRS Form 2553, and an eligible LLC can also elect S-corporation tax treatment.
The Accounting Firm helps you evaluate these options based on your business’s ownership, expected income, tax implications, and long-term goals. We also assist with the formation and registration process, including applicable S-corporation elections.
Can you handle the business registration and EIN application?
Yes. We provide business formation services that include preparing and submitting applicable state registration documents, obtaining an Employer Identification Number (EIN), and assisting with the tax registrations and elections your business may require. We provide the completed formation documents as part of the engagement.
What accounting and tax steps should I take after forming my business?
After forming your business, important steps include opening a separate business bank account, establishing an accounting system, organizing financial records, registering for applicable taxes, and setting up payroll if you will have employees or pay yourself a salary. Our firm offers bookkeeping, QuickBooks Online, payroll, and tax services to help businesses manage these responsibilities.
Also in Advisory
Start Your Business on the Right Financial Footing
Whether you’re forming an LLC, establishing a corporation, or starting a new business, our team can assist with business registration, tax setup, and the accounting systems needed to get started.