In this stage you need to tighten up all remaining tasks that could utilize the guidance of an accountant. These often go hand-n-hand with bookkeeping, Human Resources and legal so you may need to enlist them as well to complete this task.Finalize your engagement with your CPA if you haven't alreadyMake sure you know what you need to keep track of for the tax yearThe CPA can provide some advice on your business entity. Most likely you'll select an LLC, but there are cases where a C-Corp is preferred.You'll also need to register your company with the IRS buy applying for a Federal EIN. You can use your SSN but there are advantages to separating your personal assets from the business. If you are a student, you are eligible for a Wisconsin credit via a voucher. As of 2021 you still need to file through the US Mail to be eligible for the voucher.
You should complete the following tasks before proceeding to the current one.
This action is optional if you've got all your models, financials and bookkeeping ready for launch. You might have this completely outsourced to a 3rd Party or you might be doing it in-house with Quickbooks or a service like Bench.io.This stage might be a short check-in with your accountant to see if there is anything else they recommend. The goal here is to set your company up for success and not get surprised later on.If you have not hired a firm yet, you should make this a priority. Finish interviewing firms and find one that has expertise, interest and reasonable pricing.
List of resources, subject matter experts, trusted partners, and tools that can be useful to complete the task.
Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.