Business

Are you starting a new business?  

Using these online resources to prepare a sound business plan before opening your business will give you the solid foundation you need to build a successful business.

Online Resources for Start-Up Businesses

Google Business Gateway Tool

 

 

Do you understand all the numbers?

Financial calculator website: 
This free service provides you with financial tools to analyze mortgages, loans, credit card debt, investment, and retirement savings.

http://www.finance.cch.com/sohoApplets/index.html

Are you ready for the unknown? 

Anything from a fire or a tornado could strike your business.  Use our resources to evaluate your ability to respond to a disaster and prepare for the future.

Disaster Preparedness and Response
Business Continuity Planning

Do you have reliable records? 

Without a record of past history, you cannot plan for the future.

Peachtree

QuickBooks

Quicken

How do you know what type of business entity to set up?


LLC as choice of entity
C Corporation as choice of entity
S Corporation as choice of entity

What are some corporate issues you should consider?

Avoiding Dividend Treatment on Corp. Withdrawals
Corporate expenses covered by officers/shareholders
Removing S Corp. Earnings & Profit
Withdrawing cash from a closely held corp.
Reasonable compensation
Shareholder's loan guarantee

Are there any special issues affecting S Corporations?

Converting from C to S Corp
S Corporations build in gains tax
S Corporations LIFO recapture
S Corporation allowed to own subsidiaries

Please contact us and we will be happy to meet with you.

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