Services for New Businesses

Comprehensive New Business Startup Services in Plano

shop owner looking at his smartphoneIf you are a new business owner or are contemplating becoming one, you are likely feeling a bit overwhelmed with all the record-keeping and tax compliance requirements. At Steve Hill & Associates our team of small business professionals is well-positioned to provide a sense of relief. We have helped individuals transition into successful business owners in Plano, Frisco, McKinney, Richardson, North Dallas, and the surrounding communities for years.

Our startup consulting firm provides individualized services that can help you maintain your books, organize your business accounting, and manage your finances. We always stay up to date with the ever-changing tax laws and regulations to deliver expert startup advisory in Plano. Call to schedule a consultation today!

Call Us: (972) 248-1800 Book a Consultation

Our Startup Advisory for Long-Term Success

When building a startup or purchasing a business, it's important to begin with a strong foundation. Understanding what laws your new business must meet and what your tax structure looks like will ensure you are well prepared to enter the marketplace. Here a few of the ways we can help:

  • Business Selection: Many of our new clients have already identified the type of business they want to start before contacting us. If you have opted for early retirement from your job or have recently gained access to seed money, you can rely on our services to help you find a suitable business to purchase. Our new business startup experts in Plano can help you find a venture that is suited for your particular skills, resources, and budget through our relationships with local business brokers.
  • Business Evaluation: Once you have identified a business you are interested in purchasing, it is critical to perform professional due diligence. This data will determine if the company is viable and if it is worth the investment. We can assist by interviewing current owners and management and analyzing historical financial statements and tax returns. We will look for anomalies and evaluate cash flow. Our team can also forecast future cash flow and determine if it is adequate to handle your debt service and your return on investment expectations. With our years of experience as a professional startup consulting firm in Plano, we have seen many businesses that succeed and many that fail. We can apply that knowledge to your situation and help you make an informed purchase decision.
  • Purchase Price Negotiation: Once you have identified a viable business to purchase, the next step is negotiating the purchase price and terms. There is a lot more to negotiation than just settling on a price. Both parties must consider additional matters, such as seller financing terms, non-compete agreements, and representations and warranties. We can put you in touch with one of our business attorney relations to formalize a purchase agreement.

Selection of Business Structure

businessman working on new business planWhether you choose an LLC, C Corporation, S Corporation, Partnership, or Sole Proprietorship, selecting the best business structure is one of the most critical factors in Plano new business formation. Tax advantages, legal exposure, ease of operation, ownership structure, and portability must be carefully evaluated before choosing a business structure. Our startup consultants are well-versed in the benefits and drawbacks of each entity type and will help you select the most appropriate one for your needs.

Formation of Legal Entity

Once you select the appropriate business structure, we can help you establish the proper legal entity. We have an account with the Texas Secretary of State, enabling us to get your legal entity established within a few hours. We've worked with many different industries over the years and developed a network of professionals we collaborate with to help you succeed.

Obtaining Tax Numbers, Permits, Assumed Name Certificates, and More

Our Plano new business startup experts can help you obtain the documents you need and guide you through the entire process. Once your legal business entity is formed, you will likely need some or all of the following:

  • IRS Employer Identification Number
  • State Sales Tax Permit
  • State Franchise Tax Account
  • Workforce Commission Account
  • State And County Assumed Name Certificates

Your Experienced Startup Consultants in Plano

Steve Hill & Associates has the skill and understanding to help you successfully launch a startup or acquire a new business in Plano. If you have already purchased or started a new business, please take a moment to review our New Business Checklist under the next tab to make sure you are covering all the critical bases.

Our team is dedicated to helping you become the successful owner of a new business in Plano, Frisco, McKinney, Richardson, North Dallas, and the surrounding communities. Contact us today to find out how our team can assist you.

Call Us: (972) 248-1800 Book a Consultation

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