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Old 02-15-2006, 05:34 AM   #5 (permalink)
ratbastid
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As somebody who started his own business about a year and a half ago (MAN time flies!), I can talk a little about the technical process.

Any CPA should be able to help you find and file the appropriate paperwork. You need to register with your state to formally incorporate, even as a Sole Proprietorship. That's how the state makes sure there aren't three "Smith Tire Companies" in town. Then you need to get an "Employer ID Number" or "EIN" from the feds. That can happen on the IRS website.

QuickBooks is a good option for financial management. The thing about managing your finances is, you've got to stay on top of it. You should work with your CPA to figure out the compensation structure that works best for you--either withdrawing from your company's equity and paying personal taxes as if you were self-employed, or paying yourself a salary and managing tax withholding on the company's side of things.

CPAs are all over the place. You can't throw a rock without hitting a dozen of em. Just open your yellow pages to "Accounting".
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