Support you Deserve

We offer a broad range of services to help you secure a sound financial future. You've worked hard to get where you are. You deserve a firm that works hard for you.

New Business Formation

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you...

  1. Prepare an initial business plan to clarify your marketing, management, and financial plans.

  2. Determine your start-up capital needs.

  3. Identify sources of start-up capital and backup sources if needed.

  4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.

  5. 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.

  6. Select the right accounting software by evaluating your budget, needs and hardware.

  7. 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.

  8. Establish billing and collection procedures to maximize your cash flow.

  9. Establish procedures to monitor and control costs.

  10. Setup a home office so you can maximize your tax deductions.

  11. Prepare and file all required state and local licenses and permits.

  12. Prepare and file your application for your Federal Employer Identification Number.

  13. Provide payroll and payroll tax filing when you bring on your first employee.

  14. Comply with employment laws so you don't get hit with fines and unhappy employees.

  15. Identify your business insurance needs.

  16. Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.

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What Others Say

"Alfonso Foster is by far the best. He is a fantastic accountant who has taken so much stress out of running my own business. I rely on him for sound accounting advice and direction. He's incredibly knowledgeable and trustworthy. I HIGHLY recommend him!"
- John Moore

"Al Foster is a great man with lots of integrity and I’m happy to do business with him. He also helps me keep more of my money and stay organized. Thank you!!"
- Frank Coombs

"Fosters Accouting is very professional and knowledgeable. I even got some good financial advice at no extra charge. Very satisfied!"
- Roberto Bilotti

"We were searching for a local accountant to help us file our tax returns, and we were not disappointed. Extremely knowledgeable and professional, made preparing our returns effortless. Highly recommend to anyone looking for an accountant!"
- Rhett Lehtonen

"Another great experience with Foster accounting. I recommend everyone I know. He explains everything and is very knowledgeable. Thank you."
- Elisa Farr

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