Setting Up Your Startup with a Strong Financial Foundation
Presented by Cory Van Deusen, CPA, partner and Scott G. Murrary, Director of Administration of Lumsden & McCormick
Setting up your business’ finances is the most important thing you can do to sustain your startup. In this session we will discuss how to correctly identify which IRS recognized entity structure best suites your business and how to secure a tax ID. Then our experts will cover the basics of setting-up your books, record retention and software that you may want to consider to make the process easier – and keep Uncle Sam happy come April.
Topics to be discussed:
· Entity formation: corps, LLC, LLP
· Securing a tax ID
· Bookkeeping
· Internal controls
· Sales tax
· Record retention
· Software considerations
