New Business Formation & Entity Setup Services
Start Smart. Stay Compliant. Maximize Tax Efficiency.
At Keshav Prem and Associates, PC, we guide entrepreneurs and startups through every step of forming a new business. From choosing the right entity structure to setting up registrations, taxes, and compliance processes, we provide the knowledge and experience needed to build a solid foundation for long-term success. Our CPA-led approach ensures your business is structured for protection, growth, and tax efficiency—right from day one.
Why Choose Us for Business Formation?
- End-to-End Business Setup: From incorporation to IRS and state registration, we handle it all—so you can focus on launching your business.
- CPA-Guided Entity Selection: We help you choose between LLC, S Corporation, C Corporation, Partnership, or Sole Proprietorship based on your goals, tax impact, and liability protection needs.
- State Selection Strategy: Considering Delaware, Wyoming, or Nevada? We explain the pros and cons and help you pick the best state for formation and compliance.
- Tax Planning from Day One: We structure your entity and payroll with an eye on minimizing federal and state income tax, self-employment tax, and payroll obligations.
- All State & Federal Registrations: EIN/Tax ID, sales tax permits, payroll tax accounts, registered agent services, and more.
- Operating Agreements & Bylaws: Customized, CPA-reviewed documents to reduce risk, prevent disputes, and establish governance.
- S Corporation Elections: Maximize tax savings with IRS Form 2553 guidance and support—timely, strategic, and properly filed.
- Multi-Member LLC Structuring: Ensure proper capital accounts, member allocations, and tax compliance for partners or investors.
- Payroll Setup & Compliance: We establish federal/state payroll accounts and help you run reasonable compensation payrolls for owners.
- Ongoing Support: As your business grows, we offer bookkeeping, tax filings, payroll services, and year-round advisory support.
Our Formation Services Include:
- Business Name Search and Reservation
- Entity Registration (LLC, Corp, etc.)
- EIN/Tax ID Application
- IRS S Corporation Election (if applicable)
- Operating Agreement / Bylaws Drafting
- State Tax and Sales Tax Registration
- Payroll Setup (Federal and State)
- Registered Agent Services
- Initial Tax Planning Consultation
Entity Structure Comparison Highlights
- LLC: Flexible and simple. Great for real estate and consulting. Pass-through taxation.
- S Corp: Avoid self-employment taxes with proper salary + distributions. Limited to U.S. persons.
- C Corp: Ideal for startups raising capital or issuing stock. Subject to double taxation but more scalable.
- Partnership: Suitable for multiple owners with pass-through taxation and flexible ownership structure.
Common Mistakes We Help You Avoid
- Choosing the wrong entity structure that increases taxes
- Missing S Corp election deadlines or misfiling IRS forms
- Commingling personal and business funds
- Overlooking state compliance and local business license requirements
- Incorrect payroll setup for owner-employees
Ideal for:
- Solo Entrepreneurs and Freelancers
- Doctors, Attorneys, and Consultants
- Startups and E-Commerce Businesses
- Real Estate Investors and Developers
- Non-U.S. Persons Forming U.S. Companies
- Existing Businesses Restructuring or Expanding
Let’s Launch Your Business the Right Way
Your business deserves more than a basic online filing. Work with a CPA who understands tax planning, compliance, and structure optimization to give you a competitive edge from day one.
Contact us today to start your business on the right foot—with confidence, clarity, and compliance.
Contact Information
Keshav Prem and Associates, PC
4260 Westbrook Dr, Suite 107
Aurora, IL 60504
Website: www.smalltax.com