Forming a New Business

Opening your own business is very exciting; but making sure you have a proper plan and do it right can save you time and money from costly mistakes when forming your new business. 

What can MG Business do for you?

• Prepare an initial business plan.
• Identify sources of start-up capital.
  
• 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.
  
• Establish billing and collection procedures to maximize your cash flow.
  
• Setup a home office so you can maximize your tax deductions.
  
• Prepare and file all required state and local licenses and permits.
  
• Prepare and file your application for Federal Employer Identification Number.
  
• Provide payroll and payroll tax filing when you bring on your first employee.
  
• Comply with employment laws so you don't get hit with fines and unhappy employees.
  
• Identify your business insurance needs.