Closely held businesses come in many of sizes and types.  Whether they be C-Corporations, S-Corporations, LLCs, or partnerships, they all share similar accounting and financial reporting challenges.  As a small to mid-size public accounting firm, we find that we frequently encounter and work well with closely held businesses.

Often the staff resources and diversity of abilities are focused on the specific operations of these small to medium size businesses and having access to the additional expertise of well-trained advisors is very important. 

Closely held businesses have a variety of financial needs throughout the tenure of the company.  We have experience in these areas and can assist you in making sound business decisions.  Some of those areas may include:

• Organizational type.  Should you organize as a C-Corporation, LLC, S-Corporation, or partnership?  There are very significant repercussions to each of these choices.
  
• Initial capitalization.  It is critical that your new business have sufficient capital to accommodate start-up costs, slow initial revenue growth, and continuing business development.  All too often we hear of entrepreneurs with a great business idea failing due to poor capitalization.  We can help you estimate your working capital requirements.
  
• Tax services.  Of course, every business will have tax preparation needs and we can certainly cover those for you expertly and efficiently.  Additionally, tax planning is an important element that requires vision, ingenuity, and experience.
  
• Attest services.  As your business grows there will be an ever increasing demand for audited financial statements whether for stockholder use, lending requirements with financial institutions, or other reasons.
  
• Valuation services.  You have established a thriving business and now you are looking to to grow through mergers & acquisitions.  Or perhaps you are considering the value of your company to evaluate purchase offers from others.  Maybe you need to devise buy-sell agreements that have triggering events that require valuations or perhaps you have decided to reward your employees by putting in an employee stock ownership plan (ESOP).  All of these are times and reasons for a valuation and our firm of professionals is well experienced in this area.
  
• Management consulting.  Management consulting is a large "piece of the pie" for small businesses due to the variety of questions that owners and managers have at any given time.  Should you do your payroll in-house or use a payroll service?  Should you lease equipment or purchase it outright and, if so, should you finance it or pay cash?  Do you have the best internal controls you can muster given the size of the staff you employ? 

All of these are a mere sample of the challenges facing small, closely-held businesses.  We can help you and your business at all points of its development, from initial organization to consulting for mature businesses.  Please give us a call to setup a meeting to discuss further how we may be of service to you.