Making the process of forming a new business smooth and reduce the mistakes for you.

New Business Formation

So, you’ve decided to start your own business. That’s great! So, what do you do next??

The first step is to begin planning the most basic organizational aspects of your business. The choices you make in this stage can either make or break you. Choosing a form of organization is also important as this dictates what organizational formalities you should follow. This includes how income should be reported, how taxes should be filed, and numerous other issues.

Each choice has its pros and cons, benefits and downfalls. It’s vital that you research all the factors carefully before making any decision to have an idea of the respective tax implications. Also, make sure that you consult with an attorney or accountant before settling on a final decision.

In forming a business, you have the option to choose one of the following business entities:

  • Sole Proprietorship

  • General Partnership

  • Limited Liability Company (LLC)

  • Series Limited Liability Company (Series LLC)

  • S-Corporation

  • C-Corporation

  • Professional Corporation

  • Non-Profit

  • Other options include a variety of business filings, corporate supplies, and trademarks

Having a Commercial Registered Agent is necessary for this process to be successful. So what is a Registered Agent? A registered agent is a responsible third-party in the same state as the business, who can receive service of process notices, correspondence from the Secretary of State, and other official government notifications—usually tax forms and notice of lawsuits—on behalf of the corporation or LLC. Olive Tree Growth Partners offers Commercial Registered Agent Services in every state and is happy to fulfill this need.

There are so many documents and applications required to establish a new business, and we’ll help you with all of those, too. We’ll provide you with help in the process of applying for all appropriate state and local permits and licenses, as well as your Federal Employer Identification Number. We’ll assess your business’ insurance needs, and when you hire your first employee we’ll take care of setting up your payroll and payroll tax filing, making sure that you comply with all employment laws. If your business is a partnership, we’ll help you create a Partnership Agreement that provides all involved with the appropriate protections and anticipates and heads off potential problems in the future.