New Genesis Financial

Do you have a great idea for a business but don’t know where to start to get it going? New Genesis Financial is the only call you need to make to get your business going. If you are a first time business owner, just filing the documents needed to register your business with your local city, county and state government can seem overwhelming. Also determining if you should be a sole proprietorship, LLC or if it would be best to incorporate and how to accomplish that can be confusing. What are the benefits of each category and what does it mean for you business now and in the future? And what about payroll? What is FICA? How much do you withhold for Social Security? We can help you sort out all of the pieces of the puzzle and take some of the stress off of starting or managing your business.

Start-Up Services

Starting your own business can be exciting and frightening. Understanding what you need to have in place to open your business and start following your dream can help get you off on the right foot.

We can help you with the following considerations:

• Incorporation Assistance
  • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
• Business registrations
  • Prepare and file all required state and local licenses and permits.
  • Prepare and file your application for your Federal Employer Identification Number.
• Accounting Systems Design and Implementation
  • Select the right accounting software by evaluating your budget, needs and hardware.
  • Establish billing and collection procedures to maximize your cash flow.
  • Establish procedures to monitor and control costs.
  • Setup a home office so you can maximize your tax deductions.
• Business Plans
  • Prepare an initial business plan to clarify your marketing, management, and financial plans.
  • Determine your start-up capital needs.
  • Identify sources of start-up capital and backup sources if needed.
  • Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  • Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.