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 have worn off that dictates whether a small business will make it or not.
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 in new business formation that many new small business owners make when starting their new venture. 

We help you…

  • Prepare an initial business plan to clarify your marketing, management, and financial plans.
  • Determine your start-up capital needs.
  • Select a business structure that best fits your needs by evaluating tax advantages, ease of operation, and portability should you need to relocate.
  • File the necessary documents with the State of Florida.
  • Prepare and file your application for your Federal Employer Identification Number.
  • Prepare application for Florida Department of Revenue for any sales tax registration needed.
  • Select the right accounting software by evaluating your budget, needs, and hardware.
  • Prepare a Cash Flow Budget, so you know exactly how much money you need to keep the business alive each month for the first few years.

Need Help? Contact Us Today!

Let us help you succeed by getting your new business off to a good strong start.

Suncoast CPA Group is a full-service CPA firm dedicated to providing our customers with total satisfaction by our dedication to the highest quality of
service delivered with a genuine sense of warmth, friendliness, individual pride, and Company Spirit, in a manner exceeding expectations.

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Creating New Businesses

Are you considering starting your own company? Starting your own company is fascinating and exciting. What happens after the initial thrill and enthusiasm wear off will determine whether a small firm succeeds or fails.

To achieve your dream or goal of becoming your own boss and managing a profitable business, you must have a rigorous plan of action. Your method of approach determines your level of success. We assist you in avoiding the typical mistakes that many beginning small business entrepreneurs make.

We assist you in: 

-Create a preliminary business plan to outline your managerial, financial, and marketing strategies.

-Analyze your startup capital requirements.

-When choosing a business structure, consider the tax benefits, convenience of use, and mobility in case you need to relocate.

-Send the required paperwork to the State of Florida.

-Make your application for a Federal Employer Identification Number and submit it.

-Create an application for any required sales tax registration with the Florida Department of Revenue.

-By taking into account your hardware, needs, and spending limit, choose the best accounting software.

-Create a cash flow budget so you can determine exactly how much money you’ll need each month for the first few years to 

keep the firm running.