Most people who decide to start their own business do so because they have experience in a particular trade or with a product and want to serve the public as a business instead of an employee. It is not unusual to have a few gaps in business operations knowledge when you have only dealt with the employee side of things in the past. Getting your business off on the right foot can be a daunting task, but it will go more smoothly if you turn to an accountant who offers business startup assistance. Here are a few reasons why this is the best way to go, especially if you are starting your first business:
- Formation advice- There are advantages and disadvantages of each type of business formation, namely sole-proprietor, C-corporation, S-corporation, partnership, and LLC status. With business startup assistance, you’ll learn about your options and be in the best position to choose the right one for your circumstances.
- Accounting setup- It is beneficial to have your accounting system set up as early in the process as possible so that all startup expenses can be correctly accounted for. In addition, with a proper setup, your financial reports can provide you with accurate insight for making business decisions.
- Payroll processing- There is a big difference between collecting a check each pay period and being in charge of paying a staff correctly and handling the tax reporting and payment submissions accurately. With business startup assistance, you can get this all set up to operate smoothly from day one, leaving you free to concentrate on your business operations.
If you are about to start a new business in the Charlotte, North Carolina area, reach out to us at Proctor & Assocs. We offer business startup assistance that will set you on the path to success even before you hang the “Open” sign. You’ll be able to make sound business decisions that leave you free to do what you love without worries that your accounting isn’t being done accurately. Call today to learn more or to schedule a consultation.