Structuring Your Startup: New Business Advisory Essentials
Levy & Hinckley CPA
When launching a new venture in Texas, early decisions—entity choice, capitalization, and financial processes—set the stage for long-term success. Our New Business Advisory service helps entrepreneurs build a solid foundation.
Entity Selection & Formation
Choosing between an LLC, S-Corp, or C-Corp involves considering liability protection, tax treatment, and fundraising plans. For example, C-Corps may suit startups targeting venture capital, while S-Corps can minimize self-employment taxes for service-based businesses. We’ll walk you through filing, operating agreements, and deadlines.
Capitalization & Equity Planning
Deciding how much equity to allocate to founders, advisors, and early employees can make or break future fundraising rounds. We help model cap tables, vesting schedules, and convertible note scenarios—ensuring your incentive structures align with growth goals.
Banking & Cash Management
Opening the right business bank account, setting up merchant services, and implementing cash-flow controls (like dual approval for expenditures) protects runway. We advise on best practices for segregating personal and business funds, a must for clean financial statements.
Financial Infrastructure & Processes
Chart of Accounts Design: A clear, intuitive account structure supports meaningful reporting down the road.
Budget & Forecast Templates: Establish quarterly budgets with realistic revenue and expense assumptions—and integrate them into a cloud accounting system.
Key Performance Indicators (KPIs): Track burn rate, gross margin, and customer acquisition cost (CAC) from day one.
Connecting You with Expert Partners
Through our network, we can introduce you to specialized attorneys, payroll providers, and banks experienced in startup needs—so you avoid the typical pitfalls of DIY incorporation.
Starting off on the right foot reduces costly pivots later. Ready to formalize your idea into a thriving enterprise? Explore our New Business Advisory offerings and let’s build your roadmap together.