New Business Formation

Thinking of owning your own business?

We help you...

1. Prepare an initial business plan to spell out your marketing, management, and financial plans.

2. Determine your startup capital needs.

3. Identify potential sources of startup capital and backup money sources also, if needed.

4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if you end up needing it.

5. Select a specific business structure that most adequately fits your needs by analyzing tax advantages, legal threats, ease of operation and portability in case you want or need to relocate.

6. Select the right accounting software by analyzing your budget, needs and hardware.

7. Put together a Cash Flow Budget so you know exactly how much money you need to keep the business running each month for the first few years. Unplanned cash requirements can be very emotionally draining when they come up.

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

9. Com up with procedures to monitor and control costs.

10. Plan to set up a home office so you can maximize your tax deductions.

11. Prepare and file all required Utah State and local licenses and permits.

12. Prepare and file your application for your Federal Employer Identification Number.

13. Provide payroll and payroll tax filing when you hire your first employee.

14. Comply with State & Federal employment laws so you don't get hit with fines and unhappy employees.

15. Identify your business insurance needs.

16. Create a solid Partnership Agreement. This is an very important document for all new partnerships and will help prevent a large amount of financial  problems down the road.

Let us help you succeed in your new venture by getting your new business off to a good strong start.