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Are You Even a Business? Fort Collins CPA for Self-Employed Says… [Video]

Are You Even a Business? Fort Collins CPA for Self-Employed Says…

Starting a business isn’t as simple as offering a service/product, charge, and get paid. You may think you are self-employed and a business owner, when in reality—you are just running a hobby.

So are you really even a business? How do you know? There are a lot of factors to consider when starting one, let alone managing the finances.

From an accounting standpoint, Colorado CPA Steve Wick explains the nature of business and what it needs to sustain profits.

There is also a factor of separating business and personal. Wick discusses in this video what are the things you need to identify what is for business and what is for personal. Doing so can help you define the needs of your business.

Figuring out your business structure is another area of concern. Whether sole proprietorship, partnership, or LLC, identifying a legal structure will create an impact on your taxes.

Venturing into a business may require a lot of steps. But working with a CPA to help with your finances can result in a positive outcome. Let Steven J. Wick & Associates, PC. help you start a business and give us a call.

00:00 – 01:07 – Introduction
01:07 – 01:25 – Business Needs
01:25 – 02:45 – Separating Business and Personal
02:45 – Figure out what Business Structure you want

Steven J Wick & Associates, P.C. is a CPA, accounting, and business consulting team based in Fort Collins. They specialize in small business finances. After serving Northern Colorado for over 20 years, they have built a loyal family of clients by helping their small businesses reach their financial goals.

Steven J Wick & Associates, PC
2809 E. Harmony Rd. Suite 120
Fort Collins, CO 80528
(970) 224-3366

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