New Business Formation

New Business Formation

Starting your own business can be exciting. However, a lot of new business owners negate becoming compliant with their state and federal regulations. Our firm can assist you in setting your business up for success!

Brittney Dunn, CPA LLC, will help you develop a plan of action needed to have a long-term and successful business.  We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you:

  • Prepare an initial business plan to clarify your marketing, management, and financial goals.
  • Determine your start-up capital needs.
  • Help to identify sources of start-up capital if needed
  • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation, and portability should you need to relocate.
  • Select the right accounting software by evaluating your budget, needs, and hardware.
  • Prepare a Cash Flow Budget, so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  • Establish billing and collection procedures to maximize your cash flow.
  • Establish procedures to monitor and control costs.
  • Set up a home office so you can maximize your tax deductions.
  • Prepare and file all required state and local licenses and permits.
  • Prepare and file your application for your Federal Employer Identification Number.
  • Provide payroll and payroll tax-filing when you bring on your first employee.
  • Comply with employment laws, so you don’t get hit with fines and unhappy employees.
  • Identify your business insurance needs.