Shah & Pandya, CPA, P.C

Start Up Package

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Start Up Package

Opening your own business is exciting and invigorating. We understand the personal sacrifice and diligence that goes into taking such an important decision, and consequently know the importance of getting it right. 

Our professionals are ready to assist you develop a methodical plan to run a successful business and provide critical advice to avoid common pitfalls that newly bred small business owners are accustomed to make when first starting off. As an example, selecting a sub-optimal category of legal business entity that is not aligned to your business strategy can cause significant impacts on your taxes, liabilities and eventual bottom line. We can help select a business structure that best fits your needs. 

As part of our start up package, we help clients undertake the following steps: 

  • Prepare a business plan to solidify your financial, management and strategic objectives. 
  • Prepare and file all required state and local licenses and permits.
  • Evaluate the tax advantages, legal exposure and other benefits of your chosen entity structure. 
  • Determine start-up capital needs, evaluate your borrowing power & identify funding sources. 
  • Select & integrate the appropriate accounting software for your business by evaluating your needs, budget and hardware.
  • Conduct a Cash Flow Budgeting & Forecasting exercise to guide your future business decisions. 
  • Establish revenue collection and cost management procedures to maximize cash flow.
  • Prepare and file application for your Federal Employer Identification Number.
  • Provide payroll and payroll tax filing facilities once you bring on your first employee.
  • Comply with employment laws so you don't get hit with fines and unhappy employees.
  • Vet several business insurance providers and select those that align with your unique needs.