Starting a business and becoming your own boss are always exciting, but besides your core business operations and day-to-day routine you need to make a lot of important decisions that will determine the future of your business. Most of them must be made at the very start.
The first important step is to choose a right business entity type that will define how you operate, pay taxes, treat your company’s income and much more. There is a lot of information around but it’s usually inconsistent and the entity selection can still be confusing. No, not all new businesses must be incorporated in Delaware! And do you really need to incorporate? How to comply with your state new company filing requirements? What are next steps after your company is registered with your state?
We will listen to you and ask the right questions to learn more about your ideas and dreams and to help you to decide what entity type will fulfill your business needs, save you more in taxes and fit your industry and future growth. Our advice is based on our deep knowledge of state laws and regulations and expertise in working with small businesses in various industries from transportation to retail.
Once your business structure is chosen, we will complete all necessary filings for you and prepare all related documentation according to your entity type (i.e. Operation Agreement for an LLC). After your company is registered with your state we will help you to get your EIN (IRS Employer Identification Number) at no charge! You will also get our help with additional registrations such as State Unemployment tax filing and all licenses and permits required for your business (i.e. vendor license).
Business entity type is not something you cannot change in future. When your business grows or external factors such as taxes and laws change over time, it can be more beneficial to change your structure. We will review your current business situation and evaluate all pros and cons of such a change and, if you decide to change you existing company type, we will assist you in all steps of this process.
Either it’s a new business formation or an established business review; Star Business Consulting is a company you can rely on and a place where you can get a comprehensive consultation and assistance with important business decisions.
Our Business Formation Service Includes