New Business Formation & Setup

Build it right from day one.

The decisions you make before you open your doors will affect your taxes, your liability, and your compliance workload for the life of your business. Opening a new business in California involves far more than just having a great idea; it requires selecting the right entity type (LLC, S-Corp, C-Corp) and setting up compliant accounting systems from Day 1. This is doubly critical for cannabis operators, where corporate structure directly impacts your exposure to tax code 280E.

Working alongside the legal experts at Drivon Consulting, we help your launch stay seamless. We advise on the financial implications of different business structures, helping you understand why an S-Corp might save a consultant money on self-employment tax, or why a C-Corp might be necessary for a cannabis business seeking investors. The goal: you aren’t just legally formed, you’re financially structured for tax efficiency.

Once the entity is formed, we build your financial infrastructure. We set up a Chart of Accounts tailored to your industry, implement your accounting software (QuickBooks, Xero, etc.), and integrate it with your point of sale or bank feeds. We also help ensure your EIN, seller’s permits, and local business licenses are in order so you can focus on your first customer, not fighting with bureaucracy.

What’s included

• Entity Selection Advice: We explain the tax and operational implications of different business structures to help you choose the one that fits your long-term goals.
• Accounting System Setup: We implement your software, Chart of Accounts, and payroll systems correctly from the start to prevent data messes later.
• Business Plan Financials: We assist in drafting the financial projections and budget sections of your business plan for investors or licensing applications.
• Registration & Compliance: We assure you have your Federal EIN, state seller's permits, and local business licenses filed and approved.