New Business Formation

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

A methodical plan of action is needed 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. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.


We help you...

  • Prepare an initial business plan to clarify your marketing, management, and financial plans.
  • Determine your start-up capital needs.
  • Identify sources of start-up capital and backup sources if needed.
  • Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  • 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.
  • Select the right accounting software by evaluating your budget, needs and hardware.
  • Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  • Establish billing and collection procedures to maximize your cash flow.
  • Establish procedures to monitor and control costs.
  • Setup a home office so you can maximize your tax deductions.
  • Prepare and file all required state and local licenses and permits.
  • Prepare and file your application for your Federal Employer Identification Number.
  • Provide payroll and payroll tax filing when you bring on your first employee.
  • Comply with employment laws so you don't get hit with fines and unhappy employees.
  • Identify your business insurance needs.
  • Develop 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.

Let us help you succeed by getting your new business off to a good strong start.

Contact Paramount and to see how we can help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.

New Business Formation

Free Consultation

Call 801-341-2300 today!


I highly recommend Paramount Tax as your CPA! They are very professional, meticulous, and do things right!
— Julie Clawson
Posted June 23rd 2019
Google
Rob was kind enough to take on our case which is slightly complicated. He explained, in detail, how he will proceed in resolving the existing issues. Rob is very friendly and approachable, and we would highly recommend him to anyone looking for a qualified CPA. Charlie and Luann Colston
— Luann Colston
Posted May 24th 2019
Google
Amazing tax services and advice. Rob willBe able to help you with all of your accounting needs and provided a broad range of financial services from dealing with annoying personal tax issues, to business accounting, and even part time CFO. I highly recommend youGo in and see him!
— Gavin Pancirov
Posted May 22nd 2019
Google
Rob is an excellent CPA. I enjoy working with him, and I’ve used him for many many years!
— Rhadiante Van de Voorde
Posted May 21st 2019
Google
Showing 4 of 80 reviews (Average rating of total: 5 stars!)


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Because we’re CPAs and they're not™

Many people do not know how a CPA differs from a bookkeeper or tax preparer. The CPA designation is one of the most widely recognized and highly trusted professional designations in the business world. CPAs are distinguished from other finance professionals by stringent qualification and licensing requirements. Paramount CPAs have worked hard to obtain their CPA designation, and are committed to working even harder to deliver the value that that designation conveys. In fact, our goal is to be the No. 1 New Business Formation firm across the United States. So when you ask yourself, "Where can I find New Business Formation services near me?"... think no further than Paramount

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When to upgrade from tax preparer to CPA?

Whether you are filing personal taxes or you own a business, if you are not already using a CPA, you have most likely already missed out on major tax benefits, deductions and credits. This is because Certified Public Accountants (CPAs), such as Paramount, are advisers to not only individuals on personal financial matters but are also licensed to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. This strict status and licensure ensures that only CPAs are legally qualified to understand complicated tax laws and how to to implement strategies that return the most benefits to individuals and businesses. Give Paramount a call or visit our CPA firm for a free consultation.

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Paramount Tax & Accounting - Bountiful

Bountiful, UT

Call: 801-683-9734
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Paramount Tax & Accounting CPAs, of Bowie

Bowie, MD

Call: 301-464-2777
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Paramount Tax & Accounting - Chandler

Chandler, AZ

Call: 480-247-6504
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Paramount Tax & Accounting - Cincinnati East

Cincinnati, OH

Call: 513-247-0999
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Paramount Tax & Accounting - Cottonwood Heights

Cottonwood Heights, UT

Call: 385-529-0814
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Paramount Tax & Accounting, CPAs - Draper

Draper, UT

Call: 801-890-4777
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Paramount Tax & Accounting, CPAs - La Mirada

La Mirada, CA

Call: 626-968-8680
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Paramount Tax & Accounting- Vegas Strip

Las Vegas, NV

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Paramount Tax & Accounting - Lehi

Lehi, UT

Call: 801-634-8840
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Paramount Tax-South Jordan, Riverton

South Jordan, Riverton UT

Call: 801-998-2127
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Paramount Tax & Accounting, CPAs - St. George

St. George, UT

Call: 435-565-6700
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Paramount Tax is now offering financial and tax franchises across the US!

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