Business Owners Guide - Video Series
January 13, 2022
People starting a business for the first time often don't know where to begin. They have a great idea, product or service that they are looking to take to market, but often don't know to consider things like entity structure, tax implications, succession planning or exit strategy to name a few. As a firm, we know how important it is to create a strong platform on which to grow. It's similar to building a house: The foundation and framework need to be strong in order to sustain the larger structure. We often see that businesses can fail under the weight of themselves if not properly set up or financed. And as they grow, considerations to the future need to be addressed. Below is a series we've developed titled Business Owner's Guide: The Cycle from Start-up to Exit. The 6 segments of this series are:
Things to Consider When Choosing an Entity
- S-Corporation vs. C-Corporation: Breaking Down Different Tax Requirements for New Corporations
- Starting your Business as a Sole Proprietorship
- Entity Types for Small Businesses
- Sole Proprietorship
- LLC’s
- Partnerships
Entity Tax Implications
- Tax Considerations When Starting Your New Business
- Operating and Managing your Business to Minimize your Tax Bill
- Selling your Business
Finding Financing for your Business
- Options that will Help Finance a New Business
- Financing a New Business
- How to Find Investors for your Business
Accounting Procedures/ Best Practices
GAAP (Change to Methods of Accounting)
- ASC 842: Implementing the New Lease Standards
- Revenue Recognition Standard ASC 606
- Going Concern and How it Will Impact Your Financial Statement
- Libor Rate Changes and the Future of your Business
Internal Controls for a Small Business
- Internal Controls for Inventory, Equipment and Assets
- 5 Components of Internal Controls
- Internal Controls for Cash Disbursements
View the Video Series
