A lot of people dream of being their own boss.  Sure the hours can be long, the pay low in the early years and the possibility of failure daunting, but there's something about growing your own business that can make the effort worthwhile in the long run.  It's important to get off on the right foot to better your chances for success. Choice of Appropriate Entity A lot of people start out with a sole proprietorship because it's the simplest and does not require the costs of forming a separate entity.  However, a single-member LLC is also a popular choice because it provides a measure of liability protection similar to a corporation without much of the complexity.  If there will be multiple owners, your choices include a partnership, LLC, Subchapter S or Subchapter C corporation. We will discuss all the options with you to determine which entity meets all of your needs. File the Necessary Legal Documents Based on your choice of entity, we can fill all of the appropriate legal documents on your behalf with the various government authorities. Selecting your Tax Year Most business use the calendar year, but a fiscal year may be a better choice.  We will review this with you to determine if a fiscal year better meets your needs. Determining your Insurance Needs We have a number of qualified contacts in the business insurance industry to help you settle all your insurance needs. Obtaining a Federal ID Number for your Business We can quickly and easily apply for and receive a federal tax identification number for your business. Set up an Appropriate Accounting and Record System It generally costs at least twice as much to recreate records several months down the road as it does to set things up right from the start.  We can handle all the accounting needs for your business on a quarterly or semi-annual basis. File Appropriate Tax Forms Whether it's Sales Tax, Payroll Tax or Income Tax, we will prepare all your tax filings. Contact Us   Get to know us and see how we can help you.  Call us at (631) 585-9698 to schedule an appointment.