Starting A Business in Maryland?
Owings Mills | Baltimore | Reisterstown | Towson
Are you thinking about starting a business in Maryland or surrounding area? Opening up a business is an exciting time when you have a vision to bring to life. The passion and motivation that you put into starting a business is mirrored in the passion we have in helping you make it successful.
Many businesses need to close up after the first year for any number of reasons. In order to avoid this, a methodical plan of action needs to be implemented. Success lies in this plan – we’ll make sure you are able to avoid the common pitfalls of a failing business. Continue reading to learn more about how we can help with starting your business.
If you’d like to speak with a Charles Krengel, P.A. representative about starting your own business, call us at (800) 892-9631 or click here to contact us online!
Develop a Business Plan
Starting a business is never a cut-and-dry process. It requires endless planning and strategy from developing a marketing plan to identifying sources of start-up capital. Charles Krengel, P.A. has helped all kinds of business start-ups in the Maryland area. They will identify sources of capital and evaluate borrowing power so you know exactly how much money you can get your hands on.
Although our expertise lies in accounting and financial planning, we strive to understand all of your business goals. In-depth evaluation of items such as tax advantages, legal exposure, and ease of operation allows us to design a business structure that fits your needs.
Charles Krengel, P.A. will also help you…
- Develop a Cash Flow Budget – Prepare for the first few years of business by knowing how much money you need to keep the business alive every month. Establishing billing and collections procedures will help maximize cash flow and control those unplanned cash requirements.
- Prepare New Business & Employment Documents – There are many state and local permits and licenses required when starting a business and hiring employees. Items such as Federal Employer Identification Number application, payroll tax filing, and employment law compliance are often overlooked, which is why we prepare and file them for you.
- Design a Solid Partnership Agreement – All partnerships should be examined carefully and require specific agreement parameters. A partnership agreement will prevent financial and emotional issues further down the road.
If you’d like to speak with a Charles Krengel, P.A. representative about starting a business in Maryland or the surrounding area, call us at (800) 892-9631 or click here to contact us online!
How to Start a Business
Admittedly, we can’t tell you how to build your business, but we can definitely design a start-up program that will help you succeed, no matter what industry you decide to enter. At Charles Krengel, P.A. we’re always excited to see our clients pursuing their goals of starting a business. We will assist in the development of your business from the delicate times on. Call Us Today!