Starting a small business is a significant undertaking that requires careful planning and execution to ensure success. Our firm can provide the expert guidance and support you need to navigate the various challenges and opportunities that arise during the startup phase.

Viva Taxes can assist you with a range of tasks, including preparing a comprehensive business plan that clearly outlines your marketing, management, and financial strategies. We can also help you determine your start-up capital needs, identify and evaluate potential sources of funding, assess your borrowing power, and choose a business structure that aligns with your goals and objectives.

In addition, we can help you select the right accounting software and prepare a cash flow budget to ensure that you have the necessary resources to sustain your business over the long term. We can also assist with establishing effective billing and collection procedures, implementing cost-control measures, setting up a home office, and obtaining all necessary licenses and permits.

We can also support you with payroll and payroll tax filing as you bring on your first employees, ensuring compliance with employment laws and regulations. And we can help you identify and secure the insurance coverage you need to protect your business against various risks.

Finally, we can work with you to develop a solid partnership agreement that clearly defines the roles and responsibilities of each partner, helping to prevent future financial and emotional problems.

Overall, our goal is to help you succeed in starting and growing your small business, and we have the expertise and experience to make it happen.

Here’s what’s needed…

• Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 (“Organizational Test”).
• Employer Identification Number
• By-laws of the Organization
• Minutes of Board Meetings
• Names, Addresses, and Resumes of Board Members
• Names and addresses of all Active Members
• Inventory of Assets like cash, furniture, equipment, property, pledges…
• Inventory of Liabilities like mortgages, accounts payable, loans…
• Rent/Lease Agreements and Contracts
• Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
• Written Reason for Formation and History of the organization.
• Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
• Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets…
• Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers…
• Fund Raising Program Descriptions
• IRS Processing/Filing Fee

We are happy to prepare any of these items if you need help.