New business formation is our specialty

Business Consulting & Formation

If you want to start a new business, getting it set up correctly can save you time and money.

Small Business Consulting

MC Accounting & Tax Services considers its role as an experienced and trusted advisor on issues of critical importance to your business: new start-ups, business formation, finance, operations, and profit planning. Our advisors can help you by delivering services that keep your business on the right track in an increasingly complex and rapidly changing environment. If you want an objective opinion based on years of helping businesses similar to yours, you’ve come to the right place. Relying on our experience in strategic planning, feasibility studies, information systems evaluation, and outsourcing opportunity evaluations could be your best step toward greater success. We can help you make logical decisions and avoid pitfalls that your business can do without. When you retain our services, you can rest assured that your business is in good hands.

Small Business Formation

Create your new business with
MC Accounting & Tax Services Packages

Starting at $500

Owning and operating your own business in the United States is a dream for many aspiring entrepreneurs, but the reality of running a business can quickly squash the initial thrill. Making sure that you are well equipped to manage all aspects of running a business is the key to success, while failure to do so is a recipe for disaster.

Our new business formation services will provide you with a strategy that will give you a plan for the future that lays out a long view, providing a methodical approach that protects your dream and avoids the mistakes that many make.  Incorporate with MCAT as one of the entity types as an LLC, Partnership, or Corporation.  Before clicking the incorporate me now link, read the business entity types, accounting software, documentation, and remember sections below!!

What may be included?

• State filing
• IRS EIN
• Dunn & Bradstreet
• QuickBooks Online (QBO) 1st-month subscription
• QuickBooks set-up
• Building business credit ready!

QuickBooks Training is available!!!

CLICK HERE TO START YOUR BUSINESS TODAY

Business Entity Selection

Choosing the form of entity of your business (e.g. sole proprietor, limited liability company, “S” corporation) is a crucial decision that can have longstanding tax implications, positive or negative. We’ll look at the different types of business structures, evaluating each in terms of your legal exposure, their tax advantages, and how easily you will be able to operate to find the one that works best for you. We’ll also help you plan for relocation if necessary.

Business Types

Sole Proprietorship
This is the easiest business structure to form.  It is used when someone owns an unincorporated business by themselves. This can be is set up as a Doing Business As, (DBA).  This type of business is simple to form and operate and may enjoy greater flexibility of management, fewer legal controls, and fewer taxes. However, the business owner is personally liable for all debts incurred by the business.

Partnership
A relationship exists between two or more persons who join to carry on a trade or business.  Each partner shares the profits, losses, and management of the business and each partner is personally and equally liable for debts of the partnership.  There are several partnerships, that can be set up. (Limited, Limited Liability, Limited Liability Limited, General)

Limited Liability Company or LLC
A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities.  It is formed with one or more individuals or entities through a special written agreement. The agreement details the organization of the LLC, including provisions for management, assignability of interests, and distribution of profits and losses. LLCs can engage in any lawful, for-profit business or activity other than banking or insurance. 

Corporation
A legal entity that is separate and distinct from its owners.  A corporation has certain rights, privileges, and liabilities beyond those of an individual. Corporations may be formed for for-profit or nonprofit purposes.

Nonprofit Corporation
A Nonprofit Corporation is a legal entity and is typically run to further an ideal or goal rather than in the interests of profit. Many nonprofits serve the public interest, but some engage in private sector activities.

S Corporation
Corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.

Contact or Call us at (516) 840-0262 to learn more about our New Business Formation Services.


IMPORTANT STEPS TO FORMING A BUSINESS!

Contact us for help, but when creating a business, use the steps below as a guide:

  1. Think of a business idea.

  2. Do market research.

  3. Choose a business structure/consult with an attorney (LLC, corporation or a partnership, etc, see below)

  4. Create a business name

  5. Register your business

  6. Obtain Federal tax ID from IRS

  7. Obtain State tax ID from the state(s) you will be conduction business

  8. Register as a Sales Tax vendor

  9. Permits

  10. License

  11. Open a business bank account

  12. Obtain trademarks, copyrights, or patents

  13. Write your business plan

  14. Finance your business

Do You Have Any Questions or Ready To Hire Us For Services?

YES! PLEASE HELP ME

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405 RXR Plaza, Uniondale, New York 11556
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Virtual Accounting Services in all 50 states

MC Accounting & Tax Services offers accounting services in all 50 states