New Business Formation
 

Are you ready to take the first steps toward starting your own business? With the right vision and an understanding of your market, you also need a trusted advisor to guide you through the complexities of financial and operational planning.

We offer comprehensive support to help you:

• Craft a detailed business plan with accurate financial projections, including Balance Sheets, Income Statements, and Cash Flow Statements.
• Select the optimal business structure based on tax implications, legal considerations, and operational flexibility.
• Draft partnership agreements to safeguard against potential conflicts or misunderstandings.
• Complete all necessary state and local licenses and permits to ensure compliance.
• Apply for your Federal Employer Identification Number (EIN).
• Evaluate start-up capital needs and identify funding options.
• Assess borrowing capacity and provide guidance on building strong banking relationships.
• Determine your business insurance requirements to protect your assets.
• Choose suitable accounting software and set up an effective chart of accounts.
• Establish billing and collection protocols to improve cash flow.
• Implement cost control measures to monitor expenses effectively.
• Handle payroll and payroll tax filings when you hire employees.

 

Let us partner with you to turn your business aspirations into reality.

 

Business Valuation

 

Understanding the value of your business is critical for informed decision-making. Our valuation services provide an in-depth analysis of key factors, helping you make confident choices.

Our evaluation considers:

• The stability and reliability of your customer base and revenue streams.
• Growth potential within the market and your competitive positioning.
• The overall financial health and performance of your business.
• Comparative valuations within your industry.

Whether you are buying or selling a business, negotiating financing, forming partnerships, or addressing legal and estate matters, our valuation insights can guide you. We also provide advisory support during due diligence and expert testimony for legal proceedings.

 

Contact us today for a free consultation on Business Valuation services.

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Internal Controls

 

Effective internal controls safeguard your business resources and mitigate risks such as employee theft or errors. We help you design and implement a robust framework tailored to your operations.

Best practices include:

• Segregating duties to reduce risks and enhance accountability.
• Defining clear lines of authority for transaction approvals.
• Assigning responsibility for independent reviews of financial records.
• Conducting periodic physical inventory and asset checks to verify records.
• Documenting policies and procedures to guide daily operations.
• Providing staff training and ensuring appropriate oversight.
• Reviewing operations periodically to confirm alignment with organizational goals.

 

Reach out to us for a free consultation on strengthening your Internal Controls.

 

Audits, Reviews, and Compilations

 

Choose the right level of financial statement evaluation based on your business needs:

• Audits: Our highest level of assurance, involving a thorough examination of financial statements, internal controls, and transactions. We deliver a professional opinion on the fairness of your financial reporting.
• Reviews: A limited review process, focusing on high-level assessments, comparisons, and analyses. This service provides moderate assurance and is suitable for certain stakeholders.
• Compilations: This involves organizing client-provided financial data into a formal statement format without assurance. Compilations are ideal for internal use.

 

Discuss your financial reporting needs with us to determine the best option for your organization.