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THURSDAY TAX TIDBITS

6 Steps to Starting Your Business!

 Do you have a great idea that you know will be a successful business? Or do you have the dream to open a small business, but don't know how to start? I get it, it's scary and overwhelming to think about everything you need to do to get started! Here is a list of the 6 steps you need to take to make your idea and dream into a reality:

Conduct Market Research

Market research will tell you if there’s an opportunity to turn your idea into a successful business. Gather information about potential customers and businesses already operating in your area. If you are unsure about your innovative ideas, we will provide honest feedback and help you dream of an idea you are passionate about!

 Create a Business Plan

 Your business plan is the foundation of your business. Cunningham Accountants will help you create a roadmap for how to structure, run, and grow your new business. We want to help you start your business, but your company's growth is important to us too!

 Choose your Business Structure

 The legal structure you choose for your business influences your business registration requirements, how much you pay in taxes, and your personal liability. During your first appointment with us, we will discuss and determine the best decision for you!

 Register your Business

 It is important to make your new business legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too. At Cunningham's office, you will find accountants with experience in multiple states! 

Get State and Federal Tax IDs

Your new employer identification number (EIN) is like a social security number for your business. It's important for things like opening a bank account and paying taxes. With Cunningham's help, we will organize your application and assist you with additional services related to your EIN.

Open a Business Bank Account

A small business checking account helps you handle legal, tax, and day-to-day issues. At our office, we make it easy for you to set one up by having the right registrations and paperwork ready to go.
Take action and begin your success! If you have any doubts, at Cunningham's tax office we will offer you the best advice for you! We are open Monday through Friday from 9 AM to 5 PM; contact us by email or phone at: thetaxlady4u@gmail.com or 253.581.1461

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Twitter: @thetaxlady4u
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