27 Glen Street, Suite 12A, Stoughton, MA
Phone: 781-341-2255
 
Starting a Business
 
Are you a brand new business owner or on the verge of opening your own business? If so, you need to answer some basic questions about your business structure and tax and reporting requirements in order to avoid issues down the line.

What type of business structure should I operate under?
  • Individual Proprietorship (Schedule C filer)
  • Partnership (form 1065)
  • Corporate 1120-S filer
  • Corporate LLC structure (there are several)
Each of the above have their own advantages and disadvantages so it’s important to give this decision your utmost attention and make the right decision based on your particular businesses’ character and needs.

Other questions include:
  • Do I need to protect myself from litigation? If so, how do I do it?
  • What are the filing requirements and costs of each type of business structure?
  • Do I need a Federal ID #?
  • What type of taxes will I be subject to?
Answers to the type of business structure selected will also be influenced by the following:
  • Different tax preparation fees
  • Different filing requirements
  • Different payroll options
  • Different tax rates
  • Incorporation fees
  • Annual Report fees
It sounds confusing and it is, which is why you should avail yourself of professional assistance before making your decision. I can help you set up your new business in a way that will best serve your needs and prevent serious and possibly costly issues down the line. There is no charge for this consultation.

If you decide to go forward with your business I will set you up with all the necessary federal and Mass. requirements and if you require them, a payroll system and sales or meals tax process.
Please call me at 781-341-2255 if you have questions. 
 
 
27 Glen Street, Suite 12A, Stoughton, MA       Phone: 781-341-2255 Website by Community Communications, Inc.