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BUSINESS START-UPS
Business Structure
When starting a new business, one of the most important things to resolve as early as possible is the structure which best suits your needs. Those needs should include tax advantages, legal exposure, ease of operation and portability, should you need to relocate.
- Will the inexpensive sole-proprietor structure leave you exposed legally?
- Should you incorporate?
- Will an LLC be your best alternative?
- When should a general partnership be used?
- When should a limited partnership be used?
- What is a Family Limited Partnership (FLP)?
Operational Needs
- Once a structure has been selected, how do we begin operation?
- Where do we establish a banking relationship?
- How do we apply for credit?
- What kind of software and hardware do we need?
- Which internet service should we use?
- How do we price our service and/or products?
- How do we establish our billing and collection procedures to maximize cash flow?
- What procedures are needed to monitor and control costs?
- How do we prepare an initial business plan?
- Which professionals do we want on our team?
- What activities do we want to do "in-house" and what do we want to "outsource"?
- What are my best talents and what do I need to delegate to others?
- How do I plan to recruit and keep the best personnel for my business?
These are but a few of the questions. Now, let's set down and find the answers together. Contact us today!
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