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.

What you need to do:

  • Prepare an initial business plan to clarify your marketing, management, and financial plans.
  • Identify sources for the start-up capital and backup sources needed.
  • Evaluate and quantify your borrowing power (if needed) for funds to start the business
  • Research if any state or local licenses are needed
  • Research your business insurance needs
  • Have a FREE consultation with our staff

What we will do:

  • Discuss the proper business structure for your business.
  • Evaluate tax advantages, legal exposure, ease of operation and retirement planning components.
  • Gather important data needed to setup the business structure.
  • Secure the Employee Identification Number (EIN) from the Federal Government Form SS4
  • Secure ‘your’ State Identification Number
  • Write the Bylaws for the Business Structure
  • Write the Articles of Incorporation
  • File the Article of Incorporation with ‘your’ State
  • Complete Election By Small Business Corporation Form 2552
  • Complete a W9 form for your use
  • Write the first Annual Meeting Minutes documents

After the business formation process has been completed we will start the discussion on other tax savings techniques. Discussion will include the payroll set up and process for owners and employees, Accountable plans for health care for the owners, retirement planning for the owners and other tax strategies to reduce income for the owners of the corporations.

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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At RMH Tax & Financial Advisors, Inc., we've been serving the needs of Plymouth, MN and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working together!

RMH Tax & Financial Advisors, Inc.

12805 Highway 55, Suite 412,
Plymouth, MN 55441
T: (763) 557-2818
E: bobh@rmhtax.com

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