Client

A first-time business owner on Long Island’s East End, who needed help navigating the steps to start their business.

Challenges

The client had a great idea for a new business but wasn’t sure how to navigate the complex process of setting up the legal and financial foundations. From business registration to tax compliance, payroll, and everything in between, they were unsure where to start and didn’t want to make costly mistakes that could derail their success early on.

How Basso & Guida Helped

1. Business Registration and Compliance Setup

We guided the client through the process of establishing their business with the state. This included helping them choose the right type of tax entity—whether a sole proprietorship, LLC, S or C corporation—based on their business goals and tax implications. We then obtained a Tax ID number (EIN), registered their business for sales tax purposes, and ensured they met all state compliance requirements. Our team ensured every detail was covered so the client could start their business on a strong, legal footing.

2. Payroll and Unemployment Insurance

Setting up payroll was a critical step, and we helped the client choose the best payroll solution for their business. We handled the registration for unemployment insurance, ensuring that all state and federal employment requirements were met from day one.

3. Opening a Business Bank Account

We also assisted the client in opening a dedicated business bank account, an important step for keeping personal and business finances separate. This set the foundation for better financial management and smoother bookkeeping down the line.

4. Ongoing Support for Financial Success

Once the business was up and running, we provided the client with guidance on record-keeping, tax planning, and compliance. Our goal was to set them up for long-term success so they could focus on growing their business while we managed the financial details.

Results

• Successfully completed all business registration requirements with the state and obtained a Tax ID number.
• Set up payroll and unemployment insurance, ensuring compliance with employment regulations.
• Helped the client open a business bank account for clear financial management.
• Provided ongoing support and financial advice to keep the business on track.

Client Testimonial

“As a first-time business owner, I had no idea where to begin. Basso & Guida walked me through every step of the process—from registering my business to setting up payroll. They made sure everything was done right, so I could focus on what really matters: running my business. I couldn’t have done it without them!”