Every year hundreds of new businesses are started. Sadly very few will actually survive beyond the start-up phase. One reason they fail is that the entrepreneurs behind these businesses don't fully understand the importance of the accounting and tax aspects of their business. Sushil Kumar, CPA, walks you through the steps in the life of a business and gives you twelve cardinal astonishingly simple, foolproof steps to laying the foundation for entity structure planning, detailed business planning, and tax compliance. Whether you are presently running your own business or just planning to start one, this book is a must-have. There's a lot of information packed in the fun, enlightening, classic book, written specifically for New York small-business owner. Written in a personable and easy-to-understand style, this book covers everything you'd want to know to take control of your business and be a success. All the chapters are important but I would more weight on chapter twelve. This is a list of surefire attributes to figure for yourself whether you belong in the world of business. There is also a check list of things to do to run a successful business in the New York region, which is part of Annex I.