Starting a New Business?

  • Before starting your business, there are several things to consider — then meet with a CPA and an attorney to work out the details and consequences of your new venture.
  • There are 5 general types of business ownership:
    • Sole Proprietorship
    • Partnership
    • Limited Liability Company
    • Corporation
    • S Corporation
  • Determining which is best for you depends on:
    • The type of business you're in
    • What you'll be selling
    • Where you'll be doing business
    • How you plan to finance your business
  • Employees — you'll also need to consider:
    • Whether and how many employees you plan to have
    • How soon you plan to hire them
    • Whether they'll be full-time, part-time, or independent contractors
  • Each class of employee/contractor has very specific requirements for how you must interact with them
  • We can help you understand all of these requirements before you begin business — keeping you out of trouble and focused on growing your business instead of solving employment department problems