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New Business Formation

Powers | Howard | Quimby LLP is a Certified Public Accounting firm located in Eugene, Oregon. We specialize in tax preparation for individuals, businesses, trusts & estates, and non-profits.

Opening your own business is exciting and thrilling. Maintaining that energy can ensure your business success.

Some people do better with a methodical plan of action 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. Understanding the common pitfalls that many new small business owners make when starting their new venture can save you time and money.

We can assist and consult with the following tasks:

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

  2. Determine your start-up capital needs.

  3. 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.

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

  5. Prepare a Cash Flow Budget so you know exactly how much money you need.

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

  7. Assist you with setting up payroll and payroll tax filing when you bring on your first employee.

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

  9. Guide in the development of 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.