Starting a business can be a rewarding experience. Padgett Business Services®, an Orlando accounting firm, will be there every step to help from selecting the business structure to setting up the accounting process.
Forming a new business is more than
- registering the name of the business
- applying for a employer number (EIN)
- filing paperwork for state, county, and city licenses.
Not considering the following can have serious tax ramifications:
- How the business will be financed
- Will the business earn a profit in the initial years
- What are start up versus organizational costs
- LLC vs S Corp, LLC vs Corp, S Corp vs Corp, Sole Proprietorship vs LLC, Partnerships vs Limited Liability Companies, Partnership vs Limitied Liability Company
- Owner compensation, distributions, paychecks, withdrawals
Start your new business right by hiring Padgett Business Services early in the process. We will help you select the proper entity and explain the advantages and disadvantages each entity so you can make an informed decision.
Our business set up and incorporation service includes: