Have you been trying to figure out how to incorporate ?
You are not alone! If you want to do it right while also getting the most value for the effort, schedule a free chat. I have created over a dozen entities for myself and helped many other folks do the same.
THE PACKAGE INCLUDES…
ENTITY CREATION: Based on your direction and input, I will create your INC or LLC entity, with an S-Corp classification (if desired). I will use IncFile for this.
STATE AND FEDERAL EMPLOYER ACCOUNTS: I will establish payroll accounts with your state and the fed. You will need these account numbers to run payroll.
BANK ACCOUNT: I will assist you in setting up a bank account for your business. We will link it under your personal account login, so it’s very easy to manage your business and personal accounts and transfer funds.
PAYROLL: I will help you set up your payroll service, so you can give yourself an annual W2 salary. You’ll want to pay for the service every month so that they file your quarterly payroll returns with the fed and your state.
CREDIT CARDS: It is important to start establishing credit for your business, which can be used for a variety of purposes in the future. I will assist you in applying for the most appropriate business credit card.
401K ACCOUNT: I will assist you in opening a Self-Employed 401K account. This is a huge tool for tax planning and saving for retirement—and it’s free to have!
BUSINESS LICENSE FILING: If you need a business license, I will assist you in establishing one with the locality where you operate.
ADDITIONAL ONGOING SERVICE OPTIONS…
As you can see, just figuring out
BOOKKEEPING: You will want to keep a set of books for your business. Furthermore, you really need to keep books for your personal finances as well. This is so important for success in business and in life. I use quicken home & business. It allows me to view all my personal accounts, business accounts, market investments, and real estate investments in one application. This is something I can set up and manage for you for an additional fee.
CONSULTING: I work with you to determine how your business is performing and help you make the best decisions for ongoing improvement and success. I have extensive experience in finance, marketing, branding, operations, technology, and real estate.
TAX RETURNS: At the end of the year, you will need to file a tax return for your business and yourself. Depending on your situation, you can do this with an accountant, enrolled agent, or licensed tax preparer or even through a service like H&R Block or Turbotax. I can assist you with preparing for tax return submissions for an additional fee.
ANNUAL ENTITY FILINGS: Depending on your state, you may need to make a few additional annual filings. I can also handle the submission of the annual filings for you.
WEBSITE CREATION: There are a few ways to get this done. I can assist you in determining the easiest and/or best way for you to create a site. I’m not a website expert, but I have built and managed my own sites in WordPress. I have also created a couple of other sites in Squarespace. I can certainly walk you through the process
**ONE-TIME SETUP FEES BEYOND THE PACKAGE COST** ($150-250)
Please be aware that there are some additional fees beyond the package cost (which only covers my time).
Creating the Entity: This is for the IncFile service and the state filing fees. There is approximately a $150-250 one-time setup fee, depending on the state and options you choose.
**ONGOING MAINTENANCE FEES FOR YOUR BUSINESS** ($250-2500 annually)
Please understand that your tax savings will most likely surpass these fees by quite a lot, making them well worth the ongoing maintenance cost. Also, you can even earn up to about $1000 in new account incentives.
Registered Agent Fee: The registered agent is basically a mailing address in the state you incorporate. If that is your home state, you can use your own address for $0$ or pay roughly $200 annually to use a service in another state.
Business Bank Account: Banks charge anywhere from $0 to $180 annually for a basic business checking account. However, IncFile offers a few cash-back options for setting up an account with BofA. I’m sure other banks have bonus offers as well. So, depending on what bank you go with, you can make up to $450 back in incentives.
Payroll & Quarterly Payroll Tax Filings: If you wait until Q4 to establish your state and federal accounts, it’s $0 for the year of incorporation, then $360-$600 annually, depending on which payroll company you use, or $0 if you do it yourself. (Though I would recommend a payroll service.)
Credit Card for Your Business: You can actually make up to $500 with bonuses from the various available credit cards.
Self-Employed (Solo) 401K (Optional): The account with Fidelity costs $0 to set up and maintain. It does not require annual filings until it has over $250K in the account. After that, you can file it or have your CPA do it for a fee.
Bookkeeping Software: If you use my recommendation of Quicken, you’ll pay about $60-100 annually. There is no need to use Quickbooks for a single-owner entity.
Tax Returns: The cost of preparing your business’s tax return will be $150-$1500 annually, depending on how you do it. This range includes doing it yourself with Turbo Tax vs. using a CPA.
Minimum State Taxes: State taxes can be $0-800, depending on the state.
Minimum City Taxes: City taxes can be $0-100, depending on the city.
Other Annual Filings Fees: These filings include statements of information and the like. $0-50 annually. You can pay me or your CPA to do this for a fee as well, but it’s easy to do yourself.
Protect your business, profits, and peace of mind by incorporating. It starts with an initial phone call (or email if you prefer!). I’ll learn more about your business, objectives, and concerns. From there, we’ll work together to establish your entity, so you can save money and increase your liability protection.
I make the process simple so you can focus on what’s important!
SCHEDULE A FREE 20MIN CHAT TO DISCUSS THIS SERVICE!
