…For All Your Business Formation

& Incorporation Needs

The prospect of starting your own business can be daunting, but with assistance from James Fontanella, CPA, you can turn your dream of owning your own business into a reality. He offers comprehensive business start-up services for new business owners in Northern New Jersey. He’ll help you understand the steps necessary to incorporate your own business and explain to you the advantages and disadvantages of each type of business entity.

As a small business, James Fontanella, CPA is well versed in what it takes to operate and grow a small business. He will help you create a successful business plan so you can start your company on the right foot – no matter the industry.

  • Business Formation/Closing

  • Acquisition & Mergers

  • Business & Corporate Finance

  • Business Plan Development

  • Payroll Services

  • Bookkeeping

  • Business Structure (S-Corporation, C-Corporation, Partnership, LLC)

  • Formation and Operation of LLCs and LLPs

 

Sole Proprietorship

A simple business structure that allows a person to conduct business as an individual is a sole proprietorship. A business owner and their company are viewed as one and the same. It is important to know that a sole proprietorship does not protect the owner from any business liabilities even though it is an easy way to start doing business.

Partnership

A simple business structure for businesses with more than one owner is called a partnership. The two types of partnerships are general partnerships and limited partnerships. Owners maintain personal liability for the business in a partnership. Owners in a limited partnership may face limited liabilities.

Corporation

If you form a corporation, you establish a business as a separate entity and provide the owners with limited liability protection. The types of corporations that are available are C-corporations and S-corporations. These two types of corporations have several key differences, which include tax issues and shareholder restrictions.

Limited Liability Company

A limited liability company establishes a business as a separate entity from the owners but allows the owners to report the business gains and losses on their personal tax returns. The owners are protected from business liabilities. Limited liability companies are not available in all states.