STARTING A NEW BUSINESS

WHAT YOU NEED TO KNOW



4. FINANCIAL PROJECTIONS

• Income Statement Projection
  • Cash Basis or Accrual Basis
  • Monthly & Yearly Reports
  • Narrative regarding how and why income and expense items are computed

• Cash Flow Projection
  • Initial Investment
  • Startup Costs
  • Monthly & Yearly Reports
  • Narrative regarding how and why receipts & disbursements are computed

DISCLAIMER

NOTICE:

U.S. Treasury Circular 230 Notice:

Any tax advice contained in this document is not intended or written to be used, and cannot be used for the purpose of:

• avoiding penalties that may be imposed under the Internal Revenue Code or by any other applicable tax authority, or

• promoting, marketing or recommending to another party any tax-related matter addressed herein.

3. Funding & Business Locations <<                                 >> 5. Type of Business Formation