bank financing

Considering applying for a loan to expand your business or to meet cash flow needs? Don’t go into a bank without being prepared.  Banks require a considerable amount of financial documents and information which you should have prepared beforehand to expedite the loan approval process. If the business’s financial statements are not up-to-date, if the entity is not in good standing status, if tax returns have not been filed, along with a host of potential other issues, then the business is not ready to apply for a loan.  We help you get your financial records in order so that your business is prepared to meet the rigorous demands of the business loan application process.

strategic business planning

A Strategic Business Plan can help you clarify your company’s direction and it lays out the step-by-step process to achieving your business growth goals. Strategic business plans are widely used when starting a new business, adding a new product or service, changing business direction, and turning around a failing business. Strategic Business Plans are also valuable when attempting to secure financing.

The Strategic Plan provides a detailed picture of your business.  It describes your company, its products, the competitive environment, management team, financial health, and business risks.

new business formation

Have an exceptional product or service you just know could be an amazing business and you are eager to get started but are not sure what you need to do? The first step in starting your business is determining what type of business it should be.  There are several business entity options to choose from, including Sole Proprietorship, General Partnership, Limited Partnership, Limited Liability Company, C Corporation, and S Corporation.  The type of entity you choose will have different consequences regarding the potential for personal liability, taxation ramifications, ownership restrictions, prohibited transactions and other potential issues.  We will help you determine the best business structure for your business and help you set-up your business so that you can open your doors with confidence.

internal controls

If you are wondering why does your business need formal internal control policies, the answer is simple, internal control procedures protect your business’s assets.  You may have heard of incidents where an employee has been stealing from a company, sometimes for many years before being discovered.  Even if you have not heard a story, incidents of employee theft are unfortunately quite routine.  The  primary reason why employees are able to avoid being discovered is the lack of internal controls.  Even small businesses need internal controls so protect your business by seeking an analysis of your operating procedures. 

Visit our set of Financial Calculators for quick answers on topics such as your IRA, investments, your child’s college tuition, and your mortgage calculations.

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