Quote:
Originally Posted by berettafan
Funny you should ask (in my best Mr. Miyagi voice)!
I recently worked out a deal for shared office space for my fledgling property management company in a very visable location. Getting 1/3 of a large sign and use of existing staff so i don't have to spend all day on the phone. If this grows well it may be the basis for the acctg. practice. I've decided to wait until fall to start talking with atty's for the acctg. space. Reason being if I run into any conflicts w/ my current job I will be closer to tax season and thus cash flow.
I will also be checking with some brokers on the possibility of getting a HELOC set up for the purpose of paying bills as things get started.
If the property mgt. gig starts earning real money it will go a long way to pushing me over the edge on the acctg. gig.
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Dueller on 2/21/08 @ 5:21 p.m.:
Since you plan to do small corp/sub S work and apparently have some clients that are going to "go with you" you may want to look around and see if they have a corporate office that has space. E.g., say you work for a construction company that has a "corporate headquarters" in an office complex away from their actual business site...they may have some space. But approach them with "I'm setting up my own firm...do you know of any available office space?" Or "How do you like your office space?" That gives them the opportunity to offer to sublet you some of their space and effectively have an in house CPA. However, be careful that you have your own autonomy so the public doesn't think you ARE only an inhouse CPA for them. Or perhaps you have clients that are actually in the business of commercial leasing. Or perhaps there is a commercial real estate broker that might have something...after all their clients would be looking at commercial props and your proximity may garner new start up companies as your clients.
Bottom line is think outside the box and keep your eyes open for something other than renting an office by yourself and hanging out a shingle.
Just a thought.
See...that's EXACTLY what I told you to do. Much cheaper than you thought it was gonna be, right? Certainly much cheap than opening up you own private space alone. What's your new address so I can send my bill?
