Business Formation
Recent trends have shifted new business owners into Limited Liability Companies (LLCs) and S Corporations. Paperwork both at the attorney and accountant level are critical for business continuity and success, especially when there are business partners, lenders, subcontractors and employees involved.
At the most basic level, small business should not ignore:
Articles of Organization/ Incorporation
Operating Agreement / By Laws
Minutes / Resolutions
Income Expense Statements
Balance Sheet
Capital Account