New Business Formation

Starting Out on Solid Footing

The choices you make when you launch a business can affect your taxes, your personal liability and your paperwork for years. Botwinick & Botwinick, CPAs PC helps Atlanta entrepreneurs think those choices through before they are locked in.

Questions to Settle Early

• Which structure suits you: sole proprietorship, partnership, LLC or corporation?
• How will the business be taxed, and how will you pay yourself?
• What federal, state and local registrations or tax accounts are needed?
• How will you separate business and personal finances?
• What records should you keep from the very first day?

Comparing Structures

Each entity type has trade-offs involving taxes, liability protection, ownership flexibility and administrative work. We explain how each would apply to your plans. For legal questions, such as drafting an operating agreement or filing formation documents, we will encourage you to work with an attorney, and we are glad to coordinate with yours.

Setting Up the Basics

We can help you open the right accounts, set up your bookkeeping and plan how payroll will work if you will have employees. Starting with a tidy system is far easier than repairing one later. See our bookkeeping and payroll pages, or our QuickBooks setup service.

Looking Ahead

New owners often ask about estimated tax payments, deductions and funding. Our tax planning, bank financing and business advisory services can help once the doors are open. If you are forming a charitable organization, read about non-profit organizations.

Come With Questions

You do not need a finished plan to talk with us. A rough idea of what you will sell, who your owners will be and how much you expect to invest is enough to start a useful conversation about structure and taxes.