The following items that I will list below are very important in order to figure out what system of accounting would be best suited for you.
Setting Up a New Business
What type of business are you planning to start? Meaning are you a manufacture, retail store, contractor, or service company.
Are you opening up this business by yourself or will you have a partner.
Most small business stat as a Sole Proprietor, which is a business owned by one person.
Lastly will you incorporate.
This last question is a very important one and we will go into more detail about this subject in the next blog post.
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