Business Upgrade 2020
Now it’s time to take your business to the next level in 2020!
Congratulations on taking the huge step in changing your life and your future! You have a great idea and now it’s time to put those thoughts and ideas into ACTION!
ACTION in the keyword. In running a successful business, you must take actionable steps and make decisions based on facts and numbers. Even if you have started your business, and would like to set yourself up to grow, we can help.
For a limited time, we are offering Incorporation, Employee Identification Number, and Quickbooks Accounting Software setup so not only will you be able to protect your business, you will be able to run your business in a financially beneficial manner. Your business is only as sound as your accounting and your paperwork. Set yourself up for future success today!
WHY INCORPORATE
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation.
LLCs typically do not pay taxes at the business entity level. Any business income or loss is “passed-through” to owners and reported on their personal income tax returns. Any tax due is paid at the individual level.
Members (which is what the owners of an LLC are called) are shielded from personal liability for acts of the LLC and its other members. Creditors cannot pursue the personal assets (house, savings accounts, etc.) of the owners to pay business debts.
Starting an LLC may help a new business establish credibility more so than if the business is operated as a sole proprietorship or partnership.
Certain businesses or Government Agencies, School Districts, etc. will only subcontract entities that are LLC’s.
WHY HAVE AN EIN#
A federal employer identification number, or EIN, is a nine-digit number the IRS assigns to businesses for tax filing and reporting purposes. The IRS uses the EIN to identify the taxpayer. EINs must be used by business entities–corporations, partnerships, and limited liability companies.
Buy or inherit an existing business that you operate as a sole proprietorship incorporate or form a partnership or limited liability company file for bankruptcy. Some banks require you to have an EIN before they’ll set up a bank account for your business.
WHY QUICKBOOKS
Able to automatically track and categories business expenses by connecting your business bank account.
Able to produce reports about your business for taxation and inquiries that will help your business.
Connected with TurboTax to allow you to make accurate on-time quarterly or yearly tax payments.
- Name Search and Incorporation
- Consulting on Best Practices
- Employee Identification Number Registration
- Quickbooks registration, transaction uploads, best practices
Other Offerings
Lega/l Power of Attorney/ Probate Law
Financial
Credit Repair/ Business Credit Consultation
Marketing
Product and Sales Improvement/ Marketing Plans and Ideas
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