If You Are a Business Owner or Thinking Of Forming a Business, Make Sure You Do This before Tax Season Arrives
If You Are a Business Owner or Thinking Of Forming a Business, Make Sure You Do This before Tax Season Arrives Jan 16, 2019 When it comes to owning and operating a business, not only is it important to ensure that all of your financials and tax information is in order, but there are a number of operations you want to make sure are in order at the end of each year. Forgetting even one of these important tasks could set your business back. Below, we discuss some of these important activities, and how a business/corporate lawyer can help you ensure that everything is in place as we enter 2019: Forming or Dissolving a Business If you are in the process of forming a business, and you are interested in incorporating or forming a limited liability company (LLC), you may want to work with your attorney in considering delayed filing, which allows you to set an “effective on” date in the near future that is realistic for your plans. And if, conversely, you are dissolving your business, remember that you need to work with an attorney to file your Articles of dissolution with the Secretary of State in order to ensure that certain obligations, such as paying state fees and taxes, cease. If you are already incorporated, perhaps you are thinking of changing your legal structure, to a sole proprietorship, an LLC or S Corporation, etc. Your business law attorney can help advise you and answer any questions you may have to help you figure out which direction you want to go in. Meeting With Accountants and Bookkeepers Also make sure that you meet with an accountant and/or bookkeeper as well to go over financial statements, ask any questions, and form a plan for filing taxes this spring so that you are ready and know what to expect regarding deductions and other important business matters. This meeting may also make you realize that there are some “loose ends” that need to be tied before taxes are filed, such as revisiting your inventory and/or coming up with a new business strategy for the coming year; a strategy that perhaps includes updating your social media presence and/or reviewing and revising your business plan. New Hires & End-Of-Year Reviews If you are preparing to hire new employees, you will need to gather certain documents in preparation of this process, such as documentation related to your employer identification number, Form I-9, tax withholdings, workers’ compensation insurance, and documents related to reporting new hires to the state. If you already have employees, you may also want to schedule your year-end reviews and update them about any upcoming changes associated with the day-to-day business operations. This will also give you a chance to review 2018 and your failures and accomplishments with your team. Contact Our Florida Business & Corporate Law Attorneys At HD Law Partners, our Tampa business law attorneys have the experience and legal know-how to ensure that you and your business are on-track for 2019. Contact us today to find out more about our services—our corporate lawyers serve clients in Tampa, Sarasota, Orlando, and surrounding areas. Resource: forbes.com/sites/allbusiness/2018/12/22/business-owner-end-of-year-checklist/#42150aa41c25 Posted in Uncategorized | No Comments » Connect with us Archives May 2026 April 2026 March 2026 February 2026 January 2026 December 2025 November 2025 October 2025 September 2025 July 2025 June 2025 January 2025 January 2024 December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 May 2022 April 2022 March 2022 November 2021 October 2021 September 2021 August 2021 July 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 November 13 Categories Alimony Appellate Arbitration Auto Accidents Auto Insurance Business Corporate Business Insurance Law Child Custody Child Support Criminal Law Divorce Family Law FEMA Insurance Payments Florida’s Mandatory 2‑Hour Legal Professionalism CLE: Foreclosure Defense Fort Myers Hurricane Insurance Attorney General Guardianship HD Law Partners Service HOA/Property Management Homeowners Association Homeowners Insurance Hurricane Claims Hurricane Insurance Insurance Bad Faith Insurance Claims Insurance Defense Insurance Litigation Landlord Tenant Law Enforcement Liability Loan Modifications Mold Water Damage Parental Rights Paternity Personal Injury Premises Liability Law Prenuptial Agreements Private Security Property Distribution Property Owner Law Sarasota Insurance Litigation Attorney Slip Fall Tampa Business and Corporate Attorneys tampa family attorney Tampa Insurance Attorneys Timeshare Timesharing Uncategorized HD Law Partners is proud to be your trusted full-service law firm Quick Links Property & Casualty Business & Corporate Litigation Family Law Contact Us Careers Get In Touch 2002 North Lois Avenue Suite 510 Tampa, FL 33607 813-253-5333 Contact Us