Jump Start Your U.S. Start-up

This program provides substantial knowledge about all aspects of creating and developing a business: legal structure options, state documentation requirements, administrative must-dos, taxation considerations, licensing, reporting and employee issues. Whether you are new in business or a seasoned entrepreneur, you will find this event useful. 

A little more on our three panelists:

Bob Leonard  is a Principal in BerryDunn's Commercial Practice Group. He provides audit, accounting, tax, and consulting services to clients in a variety of industries, including life sciences, high technology, professional services, and manufacturing. He primarily works with mid-sized, privately held companies with multistate and global operations.  He has over 20 years of experience in both public and private accounting practice. He specializes in accounting and Internal Control over Financial Reporting (ICFR) in accordance with US GAAP, financial statement preparation and analysis, and financial due diligence readiness.

Barbara McGuan is a Principal in BerryDunn’s Tax Consulting and Compliance Practice Group, working with clients throughout New England. She provides services in the tax planning and compliance arena, including business and individual taxation and tax-exempt reporting.  Although a large portion of her career has been devoted to public accounting, Barb also has experience as the financial manager of a private healthcare consulting firm. She regularly speaks at seminars of local organizations and groups regarding tax compliance issues.

Ruchi Shah is a Manager in BerryDunn's Commercial Practice Group. She provides tax consulting and compliance services to clients in several industries, including professional services and technology.  She specializes in income and sales tax, tax compliance, and tax planning. Her experience includes federal, state, and local tax planning for C corporations, S corporations, commercial entities, technology companies, and other privately held businesses.

Presentation Outline: 

Hire attorney/ decide on a legal structure

- Sole proprietorship

- Partnership

- LLC

- Corporation

Choose a name

- Name availability on MA SOS business entity database

- You can reserve an available name for up to 60 days by filling out an Application of Reservation of Name (https://www.sec.state.ma.us/cor/corpweb/cornameres/nameresinf.htm)

Establish business entity and file appropriate documentation with the state

- Administrative

- Insurance

- Bank account

Tax Matters

- Licenses and Registrations

- EIN

- State registrations

- Sales and use tax Registration

- Income Tax

- Regulatory licenses and permits

- Professional and occupational licenses

Reporting

- Employment taxes

- Credits and incentives

- Foreign employees

- Foreign Subsidiaries

- Remote employees outside of MA

- Transfer pricing / GILTI / etc.

Case Study / Example