It is recommended that you retain an accountant to help with the accounting functions, year-end taxes and payroll taxes.Your accounting system can be as simple as a set of spread sheets (on paper or a computer). You may want to have your accountant help you set up the computer software so that you have all the accounts you will need. Corporate minutes don’t have to be on fancy paper or letterhead and don’t have to use any special language style (legalese, corporatese, etc.). Minutes are the voice and history of the corporate entity and can be used in court cases. A Quick Guide To Operating Small (S) Corporations a marketing company that sells simple software under the brand name of Simple Joe. ***************************************************************© Simple Joe, Inc.David Berky is president of Simple Joe, Inc. Or you can buy accounting software such as QuickBooks, Peachtree, MYOB, etc. [...] operating as a sole proprietor without any protection.But in order to be considered a separate entity, you have to run your corporation according to some rule, laws and guidelines. Major purchases of equipment, assets, other businesses. Notes of board meetings and stockholders meetings (at least one official meeting with minutes should be held each year). Or it can be an absolute nightmare if you don’t structure and operate your business properly.Never underestimate the resources of a good lawyer and accountant.
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