New Business Formation
Entity selection and setup for new Illinois businesses (S corporation, C corporation, partnership, or LLC) together with federal and state registration, the initial accounting system, payroll setup, and the first year's filing calendar. Jacobs & Newmark advises on the entity choice before it is made, when it is still inexpensive to change.
What this covers
- Entity selection: S corporation, C corporation, partnership, or LLC
- Federal and Illinois registration
- Initial accounting system and chart of accounts
- Payroll setup
- The first year's filing calendar
When people call us about this
- You are starting a business and have not chosen an entity
- Someone told you to form an LLC and you want to know if that is right
- You are bringing in a partner at the outset
- You have been operating without a structure and want one
Any of these is a reason to call. We will tell you what the situation actually takes before you engage the firm.
Who handles this
Where this matters most
Closely-Held & Family Business
Wayne I. Jacobs, CPA has over thirty years in public accounting across retail, service, construction, wholesale, and manufacturing, and joined his father Irvin Jacobs, CPA in practice in 1981.
Real Estate
Edward P. Newmark, CPA specializes in financial and tax accounting for small and medium sized, closely held businesses and has deep expertise in real estate.
Other services
- General Bookkeeping
- Financial Accounting & Statement Preparation
- Reviews & Compilations
- QuickBooks Setup, Training & Cleanup
- Payroll & Sales Tax Compliance
- Cash Flow Management
- Bank Financing & Lender Reporting
- Strategic Business Planning
- Business Succession Planning
- Business & Individual Tax Preparation
- Tax Planning
- Tax Problem Resolution & IRS Representation
Tell us about the business.
A first conversation is about what you run, how the books are handled now, and what prompted you to look. If we are the right firm we will say so, and if we are not we will say that too.
- DuPage County
- Wheaton, IL
106 E Liberty Dr., Suite 201 - Lake County
- Buffalo Grove, IL
100 Lexington Dr., Suite 210 - Hours
- Monday – Friday, 9:00am – 5:00pm