Starting a  New Business

Thinking about starting a new business? Before you begin, consult your CPA about:

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Legal form

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• Should it be an LLC?

• Should it be a Sub Chapter S corporation?

• Should it be a C corporation?

• Should it be a partnership?

• Should it be self-employed?

• You should know the benefits and disadvantages of each before you decide.

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Pricing

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• If you are selling a product, you should know your direct and overhead costs

• If it’s a fee for service business, you will need to know how many billable hours you will have to ensure recovery of all your business costs

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Market

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• Do you know who your competition is?

• The pricing of your competition?

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Marketing

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• How are you planning to reach your potential customers and audience?