[brentr]

First, I am not an accountant or any other licensed individual. I used to work in banking as an analyst and trader before I went back to school. My securities licenses have since elapsed.

Do you have cash entering or leaving the company? Are you starting to deal with accruals? If you have answered yes to the first one but you are able to easily keep track of the inflows and outflows, I wouldn't worry about needing one right now, but I would certainly start looking for one. If you are dealing with accruals, I would think about talking to one at least right now. Business accounting can be a tricky subject when cash flows don't exactly match revenues or expenses. You'll save yourself a lot of headaches if you have someone whose business is accounting at your call.

[aikiai]

Thanks for the thoughts brentr.

I actually don't fully know if there is cash "entering or leaving the company." Basically, I'm thinking a scenario where one of the founders is a full time developer for the company, with a "salary." The other founder is initially working full time elsewhere, and paying a portion of that salary in exchange for equity. But is there a better way to structure that agreement somehow? Seems like a question for an accountant to me.

[brentr]

That question I cannot answer. I'd talk to a lawyer and an accountant concerning a question like that.