Business Consulting
The entrepreneurial spirit is in all of us. The degree of spirit surely varies, but deep in our veins the spirit flows warm. For some of you, the thought of owning something of your own can’t be suppressed. You have to have it. You have to do it. The unknown of how to get started brings anxiousness and a little fear.
We have done it. We jumped into the entrepreneur world with unabashed passion! Entrepreneurialism is thrilling, liberating, and challenging. The rewards of professional growth and unexpected opportunities will drive your waking moments. Let us guide you through the process. You’ll enjoy every part of the ride. Buckle-up!
Please review our list of offerings to see how we can be of service.
Our Services
- Ownership Structure
- Entity Selection
- Merger and Acquisition
- Employee Incentives
- Exit Strategies
Ownership Structure
A legal team must draw up the required documents, but you as the owner must decide how you want to own your business. This a key decision for you to make.
“Am I the only owner?” If yes, you are operating as a sole proprietor or a single-shareholder corporation. If no, you are either operating as a partnership or you are operating as a multi-shareholder corporation.
If you are the only owner, planning must be done to protect personal assets. If there are multiple owners, ‘rules’ must be written to govern each owner’s duties, rights, and responsibilities. Let us help you outline an Operating Agreement and Buy-Sell Agreements. These documents serve as the governance vehicle for your business.
Entity Selection
The selection of entity is driven by three factors; liability, taxes, and industry requirements. We’ll leave liability and industry requirement discussions to your other advisors. We’ll help you navigate the tax reasons driving your entity selection. The proper entity selection directly impacts the amount of taxes you pay.
Many factors dictate your entity selection. Let us help you identify which structure to select.
Merger and Acquisition
The growth of a business needs to be strategically planned and managed. Owners can grow their business organically through advertising and marketing plans, or they can grow their business through strategic acquisitions. A strategic acquisition can be used to enter a market or as a strategy to expand a business’ footprint in the industry.
Either strategy or a combination of both strategies can also be effective.
Employee Incentives
Employees may be the most valuable part of our team. From Operations to Marketing to Administration, these individuals are the engine to make our business work. In addition to generous market salaries and competitive benefits, we can develop incentives designed to include our employee base in enjoying the successful growth of the business.
Incentives can be designed to achieve any outcome. Albeit a goal to increase sales, or improve net income, employee incentives might be the tool your business needs to achieve its financial goal.
Exit Strategies
Sooner or later, it has to come to an end. As much as you enjoy what you do, you can’t do it forever.
As a business owner, you have to think about how to exit your business. Non-voluntary exit events include death or bankruptcy. Those two options aren’t our preferred methods, but sadly, they do happen.
We prefer a more proactive strategy of selling your business. You and your team have worked hard over the years. Don’t overthink how and when to get out. There is always a market out there for your business. Please ring us if you want to discuss your exit strategy options.