Gary Bode, CPA: we're a proactive Wilmington NC CPA firm offering business startup services. If you'd like a free initial consult, please call us at (910) 399-2705.
Starting a business can be complex, involving specialized knowledge of New Hanover County, NC and IRS procedures. It pays to have expertise and experience guiding you, to help cover all the bases. We’re a Wilmington NC CPA accounting firm offering business startup services and consulting. Please read any of our posts to get a feel for our proactive attitude, expertise and experience. If you’d like a free initial consult with a CPA, please consider calling us at (910) 399-2705.
What Type of Business Entity Should I Be?
The type of entity a business chooses has tremendous legal implications. New business startups are, by default, either sole proprietorships or partnerships. But even those default choices can be enhanced by becoming a LLC through the NC Secretary of State. Other choices include S Corporation, C Corporation and LLP. When starting a business, this choice deserves proactive consideration since changing the type of entity can be expensive!
Starting a Business – the business plan
When starting a business, banks often want a professional business plan to base financing decisions on. The inherent financial projections should show business acumen, knowledge of local conditions, cash flow awareness and common sense. Crystallizing all the ideas into a business plan helps the entrepreneur too, by providing an initial competitive edge and avoiding pitfalls.
One Time Tasks when Starting a Business
Things like obtaining NC and IRS ID numbers, getting permits, selecting a bookkeeping/accounting system or setting up payroll are not difficult, if you’ve done them before. But some people find them frustrating and prefer to concentrate on core areas when starting a business.
Our Philosophy
We try to make your business as self sufficient as you want it to be. Our goal is to forge a long term relationship. Ultimately, our success depends on your success. Starting a business can be complex and we’re here to help to any extent you desire. If you’d like a free initial consult with a Wilmington NC CPA accounting firm, please consider calling us at (910) 399-2705.