New Business Formation

Business Services

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.
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.

A plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business.

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Pellegrino, McFarland & Tortora, PA

Sarasota's trusted full-service financial Planning & accounting firm since 1992

Offering comprehensive personal financial planning, retirement planning, estate planning, and elder care services alongside business expertise in small business accounting, payroll, CFO services, audits, forensic accounting, cash flow management, business valuation, strategic planning, and litigation support

PERSONAL FINANCIAL PLANNING

Protecting your personal assets has never been more important. Our accounting services safeguard you and your family and optimize all your hard-earned dollars.

SMALL BUSINESS ACCOUNTING

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits

TAX SERVICES AND PLANNING

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

QUICKBOOKS/USER TRAINING

Once QuickBooks is set up and working properly, we can train you or your employees to properly operate QuickBooks specifically for your business.

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New Business Formation

Thinking of owning your own business?

We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

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.