Knowledgeable Harrisburg Accountants Assist with Business Start-up

Practical advice for entrepreneurs starting businesses throughout Pennsylvania

If you have decided to open a new business, this is a very exciting time for you. No doubt you’re dreaming about the limitless potential of your distinctive vision. But, although it takes imagination and ingenuity to come up with a unique concept, there are practical considerations to operating a business and sustaining success over time. To give your dream the best shot at success, Breon & Associates provides a wide range of business start-up services, including drafting your business plan, planning for taxation, choosing an entity, and establishing sound accounting practices.

Does your enterprise require a business plan?

If you’re starting your business as a sideline and already have adequate capital to self-finance, you don’t need a formal business plan. But, if you want to attract investors and directors, hire proven executive talent, or obtain a line of credit or a small business loan, a solid business plan can make all the difference. Drafting a business plan is a combination of art and science and novices can easily find the task overwhelming. For example, an important part of the business plan is your forecast, where you present the results of your market research and interpret your findings in the light most favorable for your proposed business. The forecast is vital for anyone whom you hope to persuade to assist you: investors, partners, executives, lenders, and even government agencies or private foundations that might provide startup grants for projects like yours.

You might not have the expertise to conduct the research and compose your business plan, but you can rely on our team at Breon & Associates to tackle it with you. We work closely with you to capture your vision for the company you intend to create with a presentation that’s grounded in reliable data.

Choosing the right entity for your proposed business

When you register your business with the state, you must select a structure to operate under. The business entities available in Pennsylvania include:

• “C” Corporation
• “S” Corporation
• Partnership
• General Partnership
• Limited Partnership
• Limited Liability Company
• Sole Proprietorship

Different entities provide different levels of protection from liability for owners, partners, and investors, and handle business taxation differently. Some forms are better than others for raising capital. We are happy to explain all the pros and cons relative to your particular situation, so you can select the most appropriate entity.

Establishing sound accounting practices for your new business

Another important aspect of our business start-up services is getting your accounting practices started on a firm foundation. Whether you need a simple process for bookkeeping and inventory, QuickBooks training for your small business, or more detailed measurement of performance metrics, our knowledgeable accountants can deliver the level of assistance you need. Payroll issues are also very important for startups, and mistakes, especially with FICA withholdings, can be costly. And, if you would like us to take over your business accounting, we can provide this service also.