Starting a New Business & Launching Successfully: Tax and Business Planning Tips
Starting a new business can be daunting. On this episode of the Private Client Services podcast, Greg Kellar, Tax Senior Manager, and TJ Wilson, Partner and Leader of the Firm’s Gastonia tax practice, walk through the necessary steps when starting a new business. They pay special attention to the importance of tax and business planning components, such as entity selection, capitalization (funding of business), loan structures, bylaws, insurance and relationships with professional service firms. Establishing these business foundations helps to ensure short- and long-term success.
Cherry Bekaert’s Private Client Services practice assists closely held businesses, C-suite executives, high-net-worth individuals and their families with tax, accounting and business matters impacting business and personal growth goals and objectives. If you have any questions specific to your business or individual financial or tax needs, Cherry Bekaert’s advisors are available to discuss your unique situation with you.
- Article: Tax Planning Opportunities For Executives with Incentive Stock Options Strategies
- Podcast: 2022 Year-End Tax Planning for Professional Services Businesses
- Podcast: Q&A on Proposed Tax Rate Changes for Individuals per the Treasury’s Green Book