Business Formations

Every year the government says it is simplifying taxes, but every year the tax laws continue to get more complicated. We are here to simplify your taxes. Although there are a lot of choices to make when starting or expanding your business, we will help you make the right decisions for you. ??It’s your best interests that we are here to serve. That is our rule 1, 2 and 3. After all, you are always our most important client when we are performing your work. 

You get started in business by making a choice of entity.

Here are the most common options available in New York:

  1. Sole Proprietorship
  2. General Partnership
  3. Limited Liability Company
  4. Limited Liability Partnership
  5. C Corporation
  6. S Corporation

There are both tax and nontax considerations.

One nontax consideration would include protecting personal assets from the creditors of your business. We are not attorneys, and always suggest that you consult your attorney for the legal implications of certain positions.

Tax considerations are numerous and can get complicated depending on which way the wind is blowing in congress. We thoroughly discuss the choices with you and will make a specific recommendation based on what best fits your situation.

Tax decisions to make include:

  1. Taxable Year End
  2. Cash, Accrual or Another Method of Accounting
  3. Method of Inventory Valuation
  4. Depreciation Methods
  5. Owner’s Draw or Salary
  6. Retirement Plan (if appropriate)

But you don’t need to be overwhelmed by these decisions with us at your side. We have over 32 years of experience and we know how to get you comfortable with what you need to know and when you need to know it.

Your job is to make the money. Our job is to support your efforts. Let us show you how.

Let’s get started with a complimentary tax consultation, where we will answer your questions, assess your situation and recommend a course of action.

 The following services are included in our LLC/LLP and NYS Corporation Package:

  • All Department of State Filing Fees
  • Your Corporate or Limited Liability Book and Embossing Seal
  • S-Corp Applications for IRS and NYS, if that is your entity selection
  • Limited Liability Company Tax Election
  • NYS Employer Registration Number Application
  • NYS Sales Tax Vendor Application
  • Payroll Set-up Consultation

Incorporation Service usually $600.00

LLC/LLP Service usually $650.00 (Publishing requirement cost additional)

The excitement and anticipation of starting a new business can be almost overwhelming.  Often, however, critical steps go overlooked amidst the exhilaration.   At Flower City Tax, our team of new business specialists and accounting experts has been helping entrepreneurs build solid accounting and bookkeeping foundations, for over 32 years.   

Need Help Starting a New Business in Rochester?

Though a thoughtfully-balanced mix of experience, talent, and a thorough understanding of new business start-up requirements in NY, we have helped steer some of west New York's most successful companies in the right direction.    

  • New Business Start-Up Formations, Books and Tax Consultation
  • Dedicated to Keeping Rochester's New Businesses 100% Compliant
  • Self-Employed, Dot Com's, and Small Business Start-Up Specialists
  • Highly-Experienced in Many Industries, Genres & Professional Fields

Why Flower City Tax for Your New Business?

Ample New Business Accounting Experience

In our thirty two year history, we have worked with hundreds of new businesses in NY.  This nearly unmatched experience is what makes Flower City Tax, the number one choice among new small business owners in the Rochester area.  We work with you throughout the entire business formation process, to ensure a long and successful road for your new company.

Affordable Rates for Business Formations

You can take us at our word when we say, we understand how financially-consuming starting a new business can be.  With this as our motivation, Flower City Tax is proud to offer some of the best rates on business formation services.  We work with businesses of every size and industry, and can tailor a start-up strategy built around your goals and strengths.

Unique Insight for New Business Owners

Flower City Tax' owner, Valarie Hill, was in your shoes thirty years ago.  We personally know what you're feeling, and promise to do everything in our power to make your new business formation a smooth, educational and successful one.