Onboarding Process – Necessary Documents

To ensure a seamless transition with Prominent Financial Consultants, please provide the necessary documentation related to your business formation, bookkeeping, and taxes. Below is a list of the required documents for onboarding:

Business Entity

If you already have a Single Member-LLC upon joining Prominent Financial Consultants, we will need the following documents:

• Articles of Organization

• Any Amendments to the Articles of Organization (if applicable)

• Federal Employer ID Number (EIN)

• Operating Agreement (if you have one)

• S Corp acceptance letter from IRS (if you’re already an S Corp)

• State Employer Registration Number (if you’re already registered as an employer)

Accounting & Bookkeeping

Did you earn revenue or incur expenses this year? Part of our onboarding process involves setting up the accounting software to capture your business income and expense activities from the beginning of your S Corp (or the first of the year if you are joining us as an S Corp). Please include business expenses from all sources and exclude personal expenses.

• Business income and expenses

• Monthly bank statements (upload via the Documents menu at prominent.s-rehman.com)

• Any current-year book-to-tax adjustments (if applicable)

• Access to current accounting software (if applicable)

Tax

If your business was pre-existing, we will need copies of your returns and records of payments to build your tax profile. We’d like to gather all the necessary details to file your tax returns accurately!

• Prior year business income tax return (if applicable)

• Prior year LLC annual filing (if applicable)

• Prior year individual income tax return

• Prior year foreign bank account filing (if applicable)

• Record of estimated taxes paid for the current year

• Any notices or correspondence received from tax authorities

Having all the relevant documents ready when you join will help ensure the smoothest possible onboarding experience.

Disclaimer:

The information contained in this document is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state, or local tax payments and penalties.