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In the past, a large proportion of small business owners have operated as sole proprietors, failing to plan,
to keep adequate records, and to operate as professional business managers. For some, the consequences have been disastrous.
Incorporating an entity
In order to maximize your tax savings and minimize your exposure to personal
liability, you should consider setting up a corporation or company to take
advantage of all of the tax breaks and legal protections that federal, state and
local laws provide.
We can help take the mystery out of creating your company, and setting up the systems and processes you will need to get your business up and running quickly and easily. More importantly, we can help you define your dream in terms of concrete goals, then work with you to map out how to make those dreams achievable. The result - a roadmap you can follow.
If you are interested in creating a C or S corporation or a Limited Liability Company
(LLC) and in learning what you need to know in the first 60 days,
click here.
If you are interested in streamlining your current operations,
click here.
If you are ready to start planning for the future, click here.
Starting a Small Business
There are many reasons for creating a new business entity. You may be looking for
- liability and asset protection,
- privacy protection,
- estate planning,
- tax reductions, or
- separation of business and personal affairs.
Regardless of your reasons, starting a new company can be confusing and frustrating.
There are forms to file, agreements to write, meetings to conduct, minutes to record and decisions, decisions, decisions...... all before you have made your first real estate investment, called on your first customer, or made your first sale! Even with the help of an attorney to register your business with the state, the number of issues to tackle after your receive your Minutes Book can seem overwhelming.
We're here to get you started faster and easier than struggling on your own. Working with our network of experts, we will discuss what entity structure you would like to establish, given your current and future plans. We will file the required documents, prepare your Minutes Book complete with operating agreement, by-laws or partnership agreement, create your initial minutes and walk you through the decisions that need to be made within the first 60 days of operation. We will help you with items such as
- completing the initial paperwork to start your business cleanly;
- conducting business to maintain your liability and asset protection, including how to sign documents;
- setting up a business bank account and avoiding co-mingling of funds;
- getting a business credit card;
- setting up a home office and deciding whether or not to take a deduction;
- handling vehicles for company use;
- working with a bookkeeper remotely or on-site;
- hiring and managing staff, including writing job profiles, creating interview questionnaires, creating and delivering performance evaluations, creating salary ranges and linking salary to performance.
We deliver a
complete incorporation strategy,
set up your entity and complete the paper work as well as give you the tools to make your initial business decisions and to know when to ask for professional advice.
Micro Business Systems Consulting
If you are already in business, Congratulations! Most small businesses are built on a dream by people who are technically excellent and who know they can build a great real estate portfolio, build a better product or provide a better solution. They grow these businesses rapidly, based on their knowledge, timing and hard work: then they are stuck.
Does any of this sound familiar?
- I work harder and harder, but I'm still swamped.
- I have help, but they can't make their own decisions. I have to get involved in every little problem.
- I'm starting to hate my customers. All I ever hear are complaints. What happened to the nice people?
- I'm scared to grow because I can't handle any more workload, but if we don't grow we'll die.
- They keep telling me to put systems in place, but I don't know what or how.
These situations and many more can be improved dramatically by streamlining your business systems, processes and practices.
Micro business systems consulting is designed to help Owners like you with many of the issues plaguing small businesses. We can work with you through three phases:
Business Assessment, Systems Streamlining and Follow up.
Business Assessment
We talk with you and any staff you employ to find out where the pain is. Chances are there are multiple areas that need attention. The objective is to find out what has been done, what hasn't been done and what the priorities are. We'll ask about your company philosophy, where you are today and where you want to take the business. What issues you see, what is most frustrating or is having the greatest impact on your growth. We'll ask if you have documentation on your company values, goals, jobs, workflow, financials and customer feedback, and whether or not your employees have ready access to this information. At the end of this assessment, we will determine with you what the next steps should be, based on your priorities.
Systems Streamlining
This is where the hard work is done - filling in the gaps in your systems and processes, re-organizing, helping you with foundational issues such as values, vision, and goals, or helping you build and implement a simple business plan. We can work with you and your teams to tackle your issues, or teach you how to lead your own meetings with your teams to get results.
Follow up
In this final meeting, we will review what has been done, and determine where issues may arise in future as you grow.
Planning for the Future
Although all of us are told to create a business plan before we start our businesses, few of us actually take the time to establish concrete goals or create operational plans. More often than not, we have a dream of financial freedom or a guess that we need $4,000 a month to survive.
We can help you plan for the future once your business is up and running. We will work with you to establish realistic goals based on where you want to be in 2 to 3 years time, then help you to map out the steps that will get you there, complete with timelines and resources. If you are committed to making your dreams come true, this is a vital service.
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