New Business Formation

Assisting New Business Startups in

Starting your own business is an exhilarating experience, but it can also be quite challenging. At Excellent Tax & Accounting, we offer business startup services that can help you begin your business smoothly and take the burden of paperwork off your shoulders. Our team is highly skilled in various bookkeeping and accounting methods that can assist you in navigating the obstacles of starting and running a small business.

Our EAs and CPAs are equipped with the information and expertise you need to help you make decisions to grow your company. You can count on us for all your startup and business consulting needs. Contact us today to schedule an appointment.

Choosing the Right Business Entity

It is imperative to choose the right business entity to ensure the success of your venture. The legal structure you select will have a significant impact on your business’s profitability, protection of assets, and tax benefits. Hence, it is crucial to consult with a legal expert before making a decision on the appropriate legal structure that aligns with your business goals. Don’t take any chances with your business’s future – choose the right business entity today.

We can help you choose the correct entity from the start. We can find one that fits all your needs by evaluating different structures for tax planning advantages and ease of operation. Here are the different business entities you can choose from:

Excellent Tax & Accounting is dedicated to providing you with comprehensive tax services to ensure we reduce your liabilities while maximizing your returns. Our goal is to help you receive the money you are entitled to while limiting discrepancies and delays. Whether you own a corporate business, operate independently, or run a company as a partnership, we help you determine which documents you need while filling your forms efficiently and accurately.

This entity is ideal for a single owner who wants to establish a simple business. You can quickly add your business income and expenses to your personal income tax returns for easy filing. However, note that it’s unincorporated, and you’re responsible for all liabilities.

If you’re looking to start a business with others, consider forming a partnership. With this business entity, you and your partners will share the responsibilities of running and managing the business, as well as the profits and losses. To form a partnership, you simply need to sign a written agreement with your partners. Keep in mind that during tax season, each partner must report their portion of the profits or losses. Don’t take on the challenges of entrepreneurship alone- consider forming a partnership today.

Do you want to protect your personal assets while running your own business? Creating a corporation could be the solution for you. Unlike a sole proprietorship, a corporation becomes a separate legal entity from its owner, which means that you won’t be personally liable for its losses. Moreover, as an owner, you could enjoy the benefits of a more favorable tax system, where you’ll pay taxes based on profits and corporate dividends. So, if you’re looking to take your business to the next level while keeping your personal finances safe, creating a corporation is definitely worth considering.

If you’re a new startup, you’ll want to pay close attention. You’ll be thrilled to know that there’s an entity out there that offers tax benefits and shields you from potential liabilities. Not only that, but this entity also distributes credits, deductions, income, and losses to its investors. However, it’s important to keep in mind that you need to strictly adhere to all the accounting and legal rules specific to this entity. By doing so, you can reap the benefits of this business structure and take your startup to new heights!

Are you looking for a business structure that provides you with the best of both worlds? Look no further than a unique hybrid entity that combines the benefits of a sole proprietorship or a partnership with those of a corporation. With this structure, you can rest assured that you will not be personally liable for any losses your business experiences. So why wait? Choose this hybrid entity today and take your business to new heights!

Efficient Bookkeeping and Accounting Systems

Accounting and bookkeeping are crucial for the success of your startup. Our accounting services make use of your business records to analyze your financial health and provide recommendations. Bookkeeping tracks your daily activities and ensures that your records are accurate and up-to-date. Our accountants can also review your financial statements for any errors and provide advice on financial matters and budgeting. 

We stay up-to-date with the ever-changing tax laws and regulations, and your bookkeeping will reflect that knowledge. At Excellent Tax & Accounting we provide individualized services to help you with your unique business needs:

  • Prepare business plans
  • Identify startup capital opportunities
  • Develop a cash flow budget
  • Prepare and file your FEIN
  • Organize your records
  • Manage your finances
Part-Time CFO Services

Are you looking for ways to take your startup business to the next level? Look no further! Our team offers part-time CFO services as part of our startup business consulting. With our financial experts overseeing and protecting your finances, you can focus on what you do best – growing your business. Our CFO services will identify trends and provide recommendations for improvement. We’ll also analyze tax-saving strategies and provide you with access to state-of-the-art financial systems. Trust us to guide your business towards success.

Start your New Business with confidence

Are you a small business owner looking to start your business on the right foot? Look no further than Excellent Tax & Accounting! Our premium services are specifically designed to help small businesses like yours succeed. Our team of skilled CPAs and EAs have the expertise to set up compliant, customized systems and organize your financials into meaningful reports, so you always know how your business is performing. 

We take pride in identifying opportunities for your business to thrive and focus on what sets you apart from the competition. Don’t wait any longer to get ahead – contact us today to schedule a consultation and see how Excellent Tax & Accounting can help your business grow!

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