Entity Formation

Starting and sustaining a business takes drive, determination and vision.  Life Plan Business Solutions has the expertise to guide you every step of the way.  No matter if you’re starting a sole proprietor, partnership, Limited Liability Company (LLC), S Corporation or C corporation, we will help you select the entity structure that will best encourage market share and minimize taxes.   You no longer have to contact an attorney and then an accountant, Life Plan Business Solutions can help you with every aspect of starting and running a business.

Life Plan Business Solutions will help you obtain the required state and federal licenses, permits, and tax identification numbers.  Once you’re up and running, Life Plan Business Solutions can help you with payroll, insurance, bookkeeping, employee benefits, and accounting systems. 

We truly want to remain your go-to financial resource as you encounter new opportunities to grow your business. 

Life Plan can help you minimize taxes to save money each year by using this two-step strategy:

1. Choosing and maintaining the right type of structure (s-corporation, c-corporation, partnership or LLC) for your business.
2. Implement ongoing tax planning services to maximize your tax position.

Starting your own business is exciting!  A well organized business plan is an important component in fulfilling your dream.  Life Plan Business Solutions will help you avoid the common mistakes many new small business owners make.  Our goal is to simplify the start-up and development phases so you can focus your attention on growing your business.   

Life Plan Business Solutions can

• Prepare an initial business plan to clarify your marketing, management, and financial plans.
• Determine your start-up capital needs​
• Select a business structure that best fits your needs by evaluating tax advantages and legal exposure
• Select the right accounting software or process your accounting
• Prepare a Cash Flow and Spending Plan 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.
• 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.
• Prepare and file all required federal, state and local licenses and permits.
• Identify your business insurance needs