Starting in Business

It is the ambition of many people to run their own business. In order to make the business a success there a number of factors which should be considered:

• Commitment – starting a business is demanding. Determination and enthusiasm are essential keys to success.
• Skill – managerial, financial, technical and marketing skills will be needed.
• Tested market – the product or service should have a proven or tested market.

Business Plan & Cash flow projections

For your own benefit and especially if you need financial support, a business plan and cash flow projections will be required. We can help you:

• Set out in concise and easily read form the direction your new business will take
• Detail your past experience and achievements which will benefit the new business
• Explain the reasons why the financial support is required
• Draft a full and detailed business plan
• Prepare the cash flow projections

We can also help you, where appropriate – find the right bank, introduce you to a financier and consider the benefits of leasing plant & equipment.

Business Structure

There are 4 common types of business structure:

• Sole Trader
• Partnership
• Company
• Trust

We can help you:

• Understand the different forms of trading and the relevant responsibilities associated with each business structure
• Structure your business in the most tax efficient way

Books & Records

All businesses need to keep records. They can be maintained manually or may be computerized. We have a team dedicated to providing training and support on all systems.

Other Areas

We can help you with:

• Your own tax liabilities
• Statutory registrations
• Compliance both at the state, and federal level
• Workers compensation & other staff related issues
• Business expansion
• Practice/ Business management