Start your company the right way with a CPA
Starting a company can be a fun and exciting process for any new business owner. Starting it the right way, however, can be a challenge, and failure to do so may result in the failure of the company. By utilizing a certified public accountant (CPA), you can ensure that your business is legally and financially sound even before the official launch.
Not just standard business accounting services
Believe it or not, a CPA is capable of performing more than just the typical small business accounting services such as payroll and bookkeeping. Since the job of almost all CPAs is to help keep businesses in business, most have a thorough understanding of what makes a good company. This can be especially valuable to entrepreneurs during the startup phase, as a CPA will be able to help navigate through the dense forest of business planning, licensing, and funding that almost all new businesses are required to go through.
CPAs and business formation
Are you unsure of whether to register as a sole proprietorship, limited liability company (LLC), or a corporation? Starting your business with the right legal structure will have the largest effect on your finances and liabilities, especially when it comes to taxes. By going over your business plan and evaluating your goals, a CPA will be able to determine the best legal structure for you and your business. Getting it right from the start can save thousands of dollars on your taxes and protect both you and your assets in the event of a lawsuit.
Of course, there’s more to starting a business than choosing a legal structure. Thankfully, a CPA can help you with other small business accounting services, such as establishing a business plan, identifying sources of capital and funding, registering for local licenses and permits, and much more.