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...
With the preparation 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.
Select a business structure that best fits your needs by evaluating tax advantages, legal exposure and ease of operation.
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.
Establish billing and collection procedures to maximize your cash flow.
Establish procedures to monitor and control costs.
Prepare and file your application for your 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.
Prepare any required Federal and State election forms
Let us help you succeed by getting your new business off to a good strong start.
Patterson & Forck PC 1108 Missouri Blvd
Jefferson City, MO 65109
