Financial Consulting
Business Start-up Assistance and Incorporation Services
Opening your own business can be both exciting and frightening. You need to
determine everything from your basis business plan to such issues as business tax
structures and how to maintain your accounting records. We can help you design
a plan of action to choose the best tax structure for your situation and help
you with basic accounting set-up and accounting software selection.
We can help you...
- Determine your start-up capital needs.
- Select a business structure that best fits your needs by evaluating tax advantages,
legal exposure, ease of operation and portability should you need to relocate
(Why to Incorporate?).
- Select the right accounting software by evaluating your budget, needs and hardware.
- Prepare a Cash Flow Budget so you know exactly how much money you need to keep the
business alive each month for the first few years.
- Establish billing and collection procedures to maximize your cash flow.
- Establish procedures to monitor and control costs.
- Prepare and file all required state and local licenses and permits.
- Prepare and file your application for your Federal Employer Identification Number.
- Provide payroll and payroll tax filing when you bring on your first employee.
- Identify your business insurance needs.
Strategic Business Planning
Between running your business and maintaining its finances, it can be difficult
to develop all the tools you need to operate effectively and efficiently and/or take
an objective look at the underlying fundamentals of the business. An example of the
services we can assist you with include, but are not limited to, the following:
- Accounting Systems Design (assistance with selection of appropriate accounting
software and/or assess your accounting systems and underlying manual activities to
determine whether automation of certain processes might be right for you),
- Cash Flow Management (assistance with preparation of a cash flow budget template
to determine your needs for operating reserves and/or financing opportunities),
- Budgeting & Forecasting (assistance with preparation of an annual budget and/or
operational forecast to assess your performance versus your expectations and to determine
areas of your business that might be underperforming).
Mergers and Acquisitions Support/Due Diligence Services
The purchase of a business is a decision that can either propel your company to
expansion/growth or serve as a liability should unknown factors appear after the
acquisition is completed. Accordingly, a thorough review of the company to be
acquired is essential to the success of such a purchase. Our due diligence services
can assist you in performing a detailed review of the financial fundamentals, related
agreements, and underlying internal controls of prospective acquisition targets
before the deal occurs. We would be happy to tailor these services to your specific
needs.
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