New Business Start-up Information

At Padgett we specialize in helping new businesses get started. We know from experience that the paperwork can be frustrating and confusing for the new business owner.  As such, it tends to be the thing that small business owners set aside, thinking they will get the business open and “take care of the details later.”

This is the biggest mistake that small businesses make and probably one of the most common reasons they fail.  Before you start your business, it is wise to speak to someone who can handle these details for you.  You may have questions such as:

  • Do I qualify for the home office deduction?

  • Should I incorporate?

  • What is self-employment tax?

  • I need to hire an employee.  What do I need to do?

  • Should I pay quarterly estimated taxes?

Padgett can help you by providing business consulting and advice concerning the type of entity (e.g., corporation, sole proprietor, etc.) you are considering, getting you set up for payroll and evaluating your unique tax situation for the year.  We will help you register with the IRS, State, and Local taxing agencies and offering you the peace of mind that you are not missing anything.

Most people choose to go into business for themselves because they have a passion for a particular type of product or service they wish to offer.  For many, accounting and tax preparation is not their favorite thing to do. This is where we come in. We know how to get you on the right track and keep you there.

IF YOU ARE CONSIDERING OPENING A SMALL BUSINESS, CALL US FOR YOUR FREE INITIAL CONSULTATION AT (701)222-1400.IT IS THE BEST CALL YOU WILL EVER MAKE TO ENSURE THE SUCCESS OF YOUR SMALL BUSINESS!!

Padgett Business Services of Bismarck is a proud member of the following organizations

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