Burlington, VT Accounting Firm | New Business Formation Page | Montgomery & Merrill PC

Thinking of starting your own business?

Opening your own business is exciting and thrilling.  It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever. 

To be successful in your new business, you will need more than just hard work.  Your chances of success can be improved with taking time to make a business plan, as well as following up to monitor the plan and make necessary changes to it.  We can help you with your plan, with your start-up tasks, and with your ongoing needs.

Here are some of the tasks that need to be considered...

  1. An initial business plan to clarify your marketing, management, and financial plans.

  2. Determining your start-up capital needs.

  3. Identifying sources of start-up capital.

  4. Determining your borrowing power.

  5. Selecting a business structure that best fits your needs taking into consideration tax advantages, ease of operation and capital growth potential.

  6. Selecting accounting software considering your budget, needs and hardware.

  7. A Cash Flow Budget for each month for the first few years to calculate your monthly cash needs.

  8. Establishing billing and collection procedures to maximize your cash flow.

  9. Establishing procedures to monitor and control costs.

  10. Considering a home office and the related tax issues.

  11. Required state and local filings.

  12. Obtaining a Federal Employer Identification Number.

  13. How to comply with payroll and payroll tax filings for your employees.

  14. Complying with employment laws so you don't get hit with fines and unhappy employees.

  15. Business insurance needs.

  16. Finding an attorney for your business legal needs.

We can help you with any or all of these tasks.  We would love to help you succeed.

 

For more information, fill out the form below to e-mail us.

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