The choices you make in the first month, entity type, S corporation election, how you pay yourself, and how the books are set up, decide your tax bill for years. We make those choices with you, register what needs registering, and hand you a calendar of every filing due in the first year.
LLC, S corporation, or C corporation, compared on your actual numbers: self employment tax, reasonable compensation, liability, and what happens when you add a partner or investor.
EIN, Michigan Treasury registration for withholding and sales tax, city registration where required, and the S election filed on time.
Every estimated payment, payroll deposit, sales tax return, annual statement, and year end deadline on one calendar in your portal, with reminders.
We handle the tax side: entity analysis, EIN, elections, and registrations. Formation documents and operating agreements are legal work. Fairmount does not provide legal services; we coordinate with your attorney or refer you to one, and the choice of lawyer is yours.
Usually once net profit is consistently above what a reasonable salary for your role would be, so that the remaining profit can be taken as distributions. We run the numbers rather than guess; for many new businesses the answer is not yet.
It is a fixed fee quoted after the consultation, based on what needs registering. The first year calendar and bookkeeping setup are included.
Nothing you enter here creates an engagement. It goes only to the CPA. You can upload documents now or wait until your portal opens; please do not type Social Security or account numbers into the message box.