How Can an Accountant Help Your Startup Business?

Hiring an Accountant for Your Startup

If you’re planning to start a small business, you’re probably looking for reliable suppliers, searching for an office to rent, coming up with marketing strategies, and taking other steps. But there’s probably one important thing you’re not thinking of: hiring an accountant.

Many new entrepreneurs think they don’t need to hire accounting experts, especially when they’re still in the early stages of starting a business. But this isn’t really true since these experts can help make the startup process easier for you. Specifically, they can help you:

  • Choose the right business structure. There are several types of business structure to choose from, including sole proprietorship, S-corporation, and c-corporation, and each of them has its pros and cons. An accounting expert can help you select the business structure that works well for your specific situation.

  • Create a high-quality business plan. You’ll need a business plan not just to lay out your goals for the next few months and years but also to obtain loans and attract investors. Your accountant will assist you the financial analysis aspect of your business plan and ensure that you’ll have a professional, organized plan that will impress lenders and investors.

  • Come up with the best possible accounting procedures. When you hire an accounting specialist, they’ll sit down with you and help you develop your business’s accounting processes. They’ll ensure that your procedures comply with government regulations, and they’ll give you advice on how to quickly and easily track your income and expenses on a daily, weekly, and monthly basis.

  • Assist you with opening a business bank account. Business bank accounts have different requirements, tax advantages, and legal protection levels than personal ones. Your accounting experts will help you choose the right type of bank account for your business and guide you through the process of opening it.

These are some of the ways that accounting specialists can help you and your startup. If you’re ready to hire an accountant, get in touch with Serita Lombard, CPA and use our accounting services in Dallas, GA. Call us today at (770) 443-5437 to schedule an appointment with us!

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