By Ed Mendlowitz
The CPA Trendlines Practice Doctor
Many clients start small businesses and some grow into big businesses. Anyone starting a business needs assistance at the beginning from an accountant on choosing an entity, determining the initial capitalization, getting an identification number and setting up the books.
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Services also related in this area are buying a franchise, entering into a partnership and structuring investments. All proposed transactions by clients should be reviewed by an accountant for the tax consequences of such activities.