Starting a Business? Do These 3 Things in Your First 30 Days

Avoid the Common Pitfalls of New Entrepreneurs
Many small business owners jump in headfirst without setting up their business correctly. This creates problems at tax time, when seeking financing, or during growth.

Here are three essentials to get right in your first month:

Choose the Right Entity

• Sole proprietorships are simple but offer no liability protection.

• LLCs are flexible and the most common starting point.

• S-corps can save on self-employment taxes, but require payroll and more compliance.

Open a Business Bank Account
Mixing personal and business money is a recipe for messy books and IRS red flags. Open a separate account and pay yourself from it.

Set Up Your Bookkeeping System Early
Whether it’s QuickBooks Online or another system, tracking income and expenses from day one saves headaches later. It also helps you see your real numbers—not just guess.

Why it matters:
Getting these basics right positions you for clean taxes, accurate financial statements, and growth you can actually manage.

At Firelle Consulting, we help new business owners set up correctly and avoid costly mistakes.