If you want to start a new business in Syosset, getting it set up correctly can save you time and money. New business formation is our specialty.

New Business Formation

young team meeting in office startup and sticky notes

Owning and operating your own business in Syosset, New York is a dream for many aspiring entrepreneurs, but the reality of running a business can quickly squash the initial thrill. Making sure that you are well equipped to manage all aspects of running a business is the key to success, while failure to do so is a recipe for disaster.

Our new business formation services will provide you with a strategy that will give you a plan for the future that lays out a long view, providing a methodical approach that protects your dream and avoids the mistakes that many make.

Gary Grab & Associates Inc. will provide you with an initial business plan that will provide you with an approach to marketing, financial planning and management. We will help you assess your initial capital requirements and sources from which you can get it. We’ll also help you determine how much you will be qualified to borrow for your business.

Business Entity Selection

Choosing the form of entity of your business (e.g. sole proprietor, limited liability company, “S” corporation) is a crucial decision that can have longstanding tax implications, positive or negative. We’ll look at the different types of business structure, evaluating each in terms of your legal exposure, their tax advantages, and how easily you will be able to operate in order to find the one that works best for you. We’ll also help you plan for relocation if necessary.

Accounting Software

From a business services perspective, we’ll help you choose an accounting software package that is appropriate for your needs, including your budget and your hardware, and will create a cash flow budget to help you anticipate your needs as you go through your business’ first few years of growth. We’ll help you create a billing system and collection policies and procedures that will facilitate cash flow, and help you create a budget and procedures to help you stick to it. If you plan on operating out of a home office we’ll show you the best way to do so in order to give you the maximum tax advantage.


There are a myriad of documents and applications required to establish a new business in Syosset and working with the Secretary of State, Department of Taxation and City of Syosset can be time consuming and confusing. We’ll help you with all of those too. We’ll provide you with help in the process of applying for all appropriate state and local permits and licenses, as well as your Federal Employer Identification Number. We’ll assess your business’ insurance needs, and when you hire your first employee we’ll take care of setting up your payroll and payroll tax filing, making sure that you comply with all employment laws. If your business is a partnership, we’ll help you create a Partnership Agreement that provides all involved with the appropriate protections and anticipates and heads off potential problems in the future.

Contact us today to learn more about our Syosset, New York New Business Formation Services. 


Schedule a free strategy call now!