New business formation refers to the process of officially creating and registering a new business. This includes selecting the right legal structure (such as an LLC, corporation, or sole proprietorship), registering the business name, obtaining the necessary licenses and permits, and ensuring compliance with local, state, and federal regulations.

Starting a new business is an exciting journey, though it comes with its challenges. Among the many early decisions you’ll face, choosing the right business structure is one of the most critical. While it's possible to adjust your business structure later, setting it up correctly from the start is ideal.

The right entity can provide valuable protections and tax advantages, whether you're launching your first venture or expanding with another. Luna CPA is here to assist, helping you set up your company correctly and stay compliant from day one. groups, and high-net-worth individuals.

• Understanding tax consequences
• When to file a formal business entity
• Understanding limited liability protection
• Establishing a written partnership agreement
• Minimizing self-employment taxes