Professional Guidance to Start Your New Business
You’ve dreamed for years of opening a business in the industry you love. You have a passion that drives you, and you’re finally ready to take the first steps on the journey. However, opening a new business can be a daunting task, even for those familiar with the process.
There’s a lot of work involved in the formation of a new venture, but don’t let the miles of red tape and mountains of responsibilities intimidate you. Padgett Business Services of Farmington can help you navigate these obstacles and make the decisions that give your business the edge it needs to succeed.
Draft a Plan
One of the most important steps in forming a new business is developing a strong business plan. This is the roadmap and playbook that your operations will all be based on, as well as the pitch you show to potential partners and investors.
Padgett Business Services of Farmington helps you put together the necessary information, such as branding, product, profit/loss projections, and overhead costs, and compile them all into a single document that contains all the data you’ll need for reference.
Establish a Business Structure
Another vital aspect of business formation is deciding on the type of business entity you will file as. This choice will impact how your business is taxed and how those taxes are paid.
Whether you are a small business that would benefit more as an LLC than a sole proprietorship or a larger company ready to take the step into a C-corporation, Padgett Business Services of Farmington can analyze your business and finances and help you make the right choice.
Are you planning to be a publicly traded company? Is your business a service solely provided by you? How many employees will you have? All of these questions are important, and the answer will be the main factor in settling on which entity is best for you.
Start Out Right with Business Formation Services
Padgett Business Services of Farmington strives to provide the most effective services for you and your business. Our experience and expertise give us the skills needed to guide you through every step as you embark on the journey of entrepreneurship.
Contact our Farmington firm today to schedule a consultation and start down the path to your goals.