During our 50 years of working with new businesses, we have been asked nearly every possible question. Below we have compiled a list of answers to some of the most commonly asked.
What types of licenses and permits do I need?
What types of records do I need to keep?
There are many different requirements for record keeping depending upon the specific industry of the business. However, all businesses must retain records which reflect an accurate accounting of income and expenses.
Should I form my business into a corporation?
While each business is as unique as the owner(s) of the business, as a general rule, we almost always recommend forming either a corporation or Limited Liability Company (LLC) regardless of the size of the business.
How many types of taxes does my business have to pay?
Do I need an Independent Accountant?
An independent accountant can be worth his or her weight in gold. He or she can save you tax money, help establish controls and keep you current with governmental paperwork. Most importantly, a good independent accountant will work hand in hand with you to maximize your potential for success.
Formulating a business plan, or obtaining a bank loan, can be time consuming and prove fruitless without professional guidance. The Small Business Administration (SBA) is a division of the federal government designed to help you. To see what programs the SBA have available, visit their Website at: Small Business Administration
We have over 40 years of experience providing independent accounting services to small to medium-sized businesses. We can help you:
If you have a question, or want more information, please call:
(706) 724-7979 or E-mail us today!