New Business Formation Guide - Westlake Village, CA CPA Firm
If you have a good business idea and the desire to be your own boss, setting up a new company is an exciting time. But new business formation is more complicated than you might think. If you’re an entrepreneur who is ready to strike out on your own and start a new business, David Reinus CPA, Inc. can help. Our Westlake Village new business formation services guide on you creating your new company from the ground up.
Selecting the Right Business Structure for Your New Company
The first step in getting your business off the ground is figuring out the structure; picking the right business structure is important to help facilitate future success. We can help clients set up:
Corporations – Filing to become a corporation presents benefits for small business owners. While sole proprietors are responsible for all business debts or any legal suits brought on by employees, turning your business into a corporation makes your company a whole separate entity; your home or other assets cannot be leveraged to pay off outstanding debt incurred from running your business, if you maintain the corporation separate and apart from yourself personally. We can show you how to do that. Finally, there are additional tax advantages to so-called S-Corporation (pass-through) entities, we can we help you understand to see if that’s the best choice for you.
LLCs – A limited liability company helps protect your personal assets, as well. Similar to a corporation, forming an LLC means that you are not personally penalized for issues related to your company. However, you’ll still pay your business taxes on your personal tax return.
It’s important to consider tax benefits for each structure and what it will mean for your new company. David Reinus, our firm's owner, helps explain each entity and what it means for you. Our Westlake Village business accountants help you select the new business structure that will provide you with the most advantages – and makes sense for your continued development.
Setting Up Your New Business Entity
We help our clients understand the best business structure for them and follow through with the actual set-up process. We fill out and file all necessary paperwork, saving you the time and hassle. Because we specialize in accounting for businesses, our team can also create your company’s accounting system and tax plan to work with your new business structure.
You’ll have everything you need, set up the right way from the start, to pursue your business dream. When it comes time to file your business’ tax return – we can take care of those too. You don’t have to take on any part of the new business formation process by yourself.
Ready to Learn More about Starting Your Own Business? Contact Us Today!
We’re here for you every step of the way. Our Westlake Village business services are offered on a monthly retainer -- you aren’t nickel-and-dimed for every phone conversation or consultation. David and his team welcome your questions and work alongside you to find effective solutions for your business start-up needs.
Call David Reinus CPA, Inc. to learn more about how we can get make your business dream a reality.