If you are thinking of starting a new business you are probably asking questions such as:
How do I start the business?
How do I finance it?
Do I want a corporation, partnership or proprietorship?
Do I need licenses or permits?
The first step should be to write a business plan. We can explain the value of a good business plan and assist you in the writing one. With a good business plan you can go to a bank for financing. You can also use it to develop strategies for running your business.
It is important to know which kind of entity to form when you start a new business. If you are not concerned about legal liability a partnership or proprietorship may be the right answer. However, in our litigious society a corporation may protect you from legal liability and may provide other benefits. We can assist you in making the right decision, whether for tax purposes to limited liability. We can go over the "pros and cons" to enable you make the right choice.
If you need assistance with starting a new business please contact us at (310) 540-5300 or by E-mail.
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© 1996 Roscoe & Swanson, Accountancy Corporation. All rights reserved.
Last revised: November 27, 2007