Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.
We help you...
Prepare an initial business plan to clarify your marketing, management, and financial plans.
Determine your start-up capital needs.
Identify sources of start-up capital and backup sources if needed.
Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
Select the right accounting software by evaluating your budget, needs and hardware.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
Setup a home office so you can maximize your tax deductions.
Prepare and file all required state and local licenses .
Prepare and file your application for your Federal Employer Identification Number.
Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
Let us help you succeed by getting your new business off to a good strong start.
160 Speen Street, Framingham, MA 01701
Our office is conveniently located near the intersection of Route 30 and Speen Street just off the Exit 13 of the Mass. Turnpike.
Stephen A. Silver, CPA - President
Chizuko (Jessica) Naka Silver, CPA
Chizuko (Jessica) Naka Silver, CPA has been in public accounting since 1988. She is one of the only Japanese bilingual cpa's practicing in New England.