At Hakim & Zafar, CPA Advisory Services, we work side-by-side with our clients and tailor our services to fit their specific needs. We combine personal attention and access to the highest levels of technical expertise and specialized knowledge. Timely communication and responsiveness are hallmarks of our client relationships. All of these attributes support our objective of helping you reach your financial goals.
Business Formation
Forming a new business can be both exciting and scary as well as overwhelming. One thing is certain, however; it is much easier to get off to the right start than to fix mistakes down the road.
One of the most fundamental decisions is choosing the form of the business. There are various types of entities to choose from, each having their own pros and cons, especially when it comes to taxes and personal liability. Common entities include:
- Sole Proprietorship
- LLC (Limited Liability Company)
- PLLC (Professional Limited Liability Company)
- Partnership
- C-Corporation
- S-Corporation
Once you have selected the type of entity, you will need to draft appropriate agreements, deal with state filings and licensing as well as other tasks. Depending on the type of business entity, formation documents may include:
- Governing Documents
- Operating Agreements
- Shareholder Agreements
- Bylaws
- Buy-Sell Agreements
- Partnership Agreements
- Employee Manuals