New Business Formation

It depends on your income, how you’ll pay yourself, and your growth plans. An LLC is simple and flexible; an S-corp election can save on self-employment tax once you’re profitable enough. We’ll model both and give you a clear recommendation.

We guide and support the full setup, entity registration, EIN, tax accounts, and your accounting system, and coordinate on any legal filings so nothing falls through the cracks.

As early as possible. Decisions made at formation affect your taxes and paperwork for years, so it’s far cheaper to set it up right than to fix it later.

Yes. We advise on whether an S-corp election makes sense, handle the filing, and set up the payroll the IRS requires for S-corp owners.

Many businesses need an Employer Identification Number to open business bank accounts, hire employees, set up payroll, or file certain tax returns. We can determine whether your business needs an EIN and help you obtain one as part of the formation process.

Yes, keeping business and personal finances separate makes bookkeeping easier and helps create a clear financial record for tax reporting. A dedicated business account also makes it easier to track expenses, prepare financial statements, and understand how your business is performing.

Your tax responsibilities depend on your entity type, business activity, employees, and how you pay yourself. You may need to plan for federal and state income taxes, self-employment or payroll taxes, estimated tax payments, and Arizona Transaction Privilege Tax. We’ll help identify the taxes that apply to your business and create a plan for staying compliant.

Businesses that sell certain products or provide taxable services in Arizona may need a Transaction Privilege Tax license. Requirements can vary based on your industry, location, and business activities. We’ll help you determine whether TPT registration is required and make sure the appropriate tax accounts are established.

The right method depends on how your business is taxed. Some owners take draws or distributions, while owners working for an S corporation generally need to receive reasonable compensation through payroll. We’ll help you create a payment strategy that supports accurate tax reporting and healthy business cash flow.

Bookkeeping should be set up before, or as soon as, the business begins receiving income or paying expenses. Starting with a clear chart of accounts and an organized accounting system prevents cleanup work later and gives you more reliable information for tax planning and business decisions.