NEW BUSINESS FORMATION
We offer new entrepreneurs the guidance needed to plan and prepare their businesses for success. A new business launch is a daunting task. LeMay & Company comes alongside to assist clients in a successful full launch.
Here are some tasks that must be addressed when starting your business:
- Registering for an Employer Tax Id Number (EIN)
- Registering for various state tax id numbers
- Registering for the company business license
- Opening of the company bank account
- Establishment of the company payroll
- Creation of the company accounting system
In addition to the above, the decision as to what legal entity the new venture should form under is critical to the company’s future. LeMay & Company assists clients, in conjunction with their legal counsel, in determining which entity best fits their business based on individual needs and/or tax benefits, from the simplest formation as a sole proprietor or partnership to the decision to incorporate and select from being a Limited Liability Company (LLC) or a C Corporation. After the company is incorporated, we will continue the process by guiding the business owner in their decision to elect the S Corporation status with the IRS.
Creating a solid structure and planning for growth from the beginning will help business owners maintain control through the early years and prepare the business for success over the long term.
We Can Help Get Your New Business Started
From managing the day-to-day accounting of small businesses, business, and tax planning, to filing with the IRS, LeMay & Company provides full-service accounting to fit the needs of your business. Contact us today or schedule a meeting to learn how a review of your accounting system can benefit your company or give us a call at (703) 912-7862.