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Whether you’re an aspiring independent contractor, franchisee, or entrepreneur, you have some key items to take care of. While opening your own business is exciting and thrilling, it’s everything that comes after the excitement has worn off that dictates whether your small business will succeed or not. The first item to check off your list is business registration. We can help you determine which type of business ownership is best for you and assist in filing with the appropriate agencies.
A Sole Proprietorship is a quick way for a single owner to start a business. While they are the easiest type of business registration to establish and have low start-up costs, the downside is that the individual’s finances are connected to the business’s finances.
A Limited Liability Company (LLC) is the most common entity in business registration. With our help they are fairly simple to start. The start-up filing fees are higher than Sole Proprietorship, but they allow separation of the individual’s finances from the business.
Corporations have the most steps required to get off the ground. They have low liability and shared responsibility among owners. However, they are subject to double taxation and have the most expensive start-up fees.
Once your business is registered, it will need to be renewed annually. As your business grows, you may find that you need to change its registration type. King of Kings Firm can assist with those needs.
Properly setting up your Quickbooks is vital for information to be accurate moving forward. It is also necessary to have manually kept accounts properly organized. These tasks are complicated further should you need to switch from manual to QuickBooks in the middle of the year.
Our experts can easily answer all of these questions and complete the initial Setup and Installation in a timely manner. We’ll also train your staff in how to properly make entries and successfully complete tasks further saving you valuable time and money.
Consultations are free.
Let us provide expert tax and accounting services so you can concentrate on your business… and spend more time with your family. Fill out the form here or call the number below.
