Starting a new business is a daunting task, and the business owner may require legal and accounting help. We work with people at every stage; from selecting the type of entity, filing necessary documents with the State of NJ, obtaining IRS and New Jersey identification numbers, obtaining and maintaining the corporate minute book, etc. There are many issues we can cover together when you are starting a new business.
We will meet with you for a one-hour initial consultation to discuss your ideas about your new company. We will discuss your special circumstances, and help you decide which type of entity to form. We take care of filing the initial paperwork with the State of NJ and the Internal Revenue Service, as well as creating your Minute Book and Operating Agreement.
When starting a new business there are many things to consider such as ownership and structure of the new business by:
- Sole Proprietorship
- Limited Liability Company
After deciding the business structure, the business owner must decide if the following apply:
- Subchapter S corporation
- Professional Corporation
- Joint Venture
- Non-profit Corporation
It is important to get advice on the type of entity that is best (partnership, LLC, corporation, etc.), your business plan, any special agreements needed, alternate names, etc. Starting a business in the correct structure, is important from both a legal and personal standpoint.
By taking the time to set up your new business correctly, the new business owner can help to avoid tax and legal problems in the future.
Download our new client information sheet for New Business Formation.