New Business Formation

Thinking of owning your own business?

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.

Here is a list of questions you should consider when starting a new business. It’s important to get the right answers to address your new business venture and your financial situation to ensure you are successful in getting the business set up, operational and growing:

  • Do you have a business plan?
  • Do you know how much capital (cash) you need to get your business started?
  • Can you secure these monies and where will the funds come from?
  • What is the required cash flow needed to keep the doors open every month?
  • What type of legal entity will best suit your needs?
  • Some possibilities include: Sole Proprietorship, Parternship,  Limited Liability Corporation, S-corp and Corporations — which one is best for you?.
  • Who will own the business?
  • Do you have stakeholders?
  • Will you have partners?
  • Have you identified a location or an area to serve?
  • Will you have a storefront, or be a home business or an Internet business?
  • Do you need to meet clients at your business?
  • What is your target market?
  • How do you expect customers to find you?
  • How will you price your offerings?
  • When do you expect to attain profitability?
  • Will you own or rent your space and/or equipment?
  • Have you considered a Recordkeeping / Accounting system?
  • Do you need a point-of-sale system?
  • Will you have employees?
  • If so, do you understand payroll and payroll tax administration?
  • Is there a timeline to hire headcount that corresponds to revenue targets to pay them?
  • Do you have a website or an internet presence?
  • This list of questions goes on — there are a lot more questions you need answers for when starting a new business.

These questions can be overwhelming and cause some to give up before starting. Don’t fall into this category. Let Lanese + Associates help you get started.  We have over 26 years of experience helping people like yourself that are starting a new business from the concept stage to an operational status quickly. Lanese + Associates are here to help you fulfill your dreams in starting your new business the right way with a planned direction by using our expert consulting services to discuss your ideas to help you with a business model, to analyzing the actual business case with planned revenue targets to filing all the required paperwork. 

Save time and money. Don't spend energy worrying about where to start. Call Lanese + Associates today to arrange a meeting about starting a new business.   

Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.

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