Your Assessment Results

Startup: Let’s chat!

Your responses show that your business’ tax and financial situation has room for improvement and we can certainly help. Whether your business is just starting out or been in operation for years, it’s important to know that tax and financial insecurities could potentially put your business at risk or keep your organization from reaching its full profit potential. Tax and financial challenges that are not addressed correctly and promptly could leave your business vulnerable to significant burdens and losses that could be difficult to overcome. This is why proper planning and strategies, specifically formulated for your business, are essential. But don’t worry, entrepreneurs aren’t expected to be tax and financial professionals as well — that’s where I come in!

Checklist if you’re in the Startup Stage:

  • Develop a proof of concept
  • Choose a legal entity
  • Select a funding option
  • Build a starting budget
  • Create an accounting system
  • Develop and use basic key performance indicators(KPIs)
  • Decide on the best taxing structure
  • Keep records for taxes
  • Prepare and maintain projections and forecasts

There are plenty of ways I and my team at Cordasco and Co. can help your business grow while also decreasing tax and financial burdens, leaving you with more net profit! I am a seasoned Certified Public Accountant with more than 35 years of experience in public accounting. Nearly half of that time has been spent procuring and growing my own team of talented tax and business financial experts at my firm, Cordasco & Company, with the primary focus of helping other businesses get in the black.

I, and my team, work diligently to ensure that our clients receive individualized and high-quality service — no matter the size of your business! Utilize our expertise to help your business overcome tax and financial challenges, firm up your business’ financial foundation, and set the organization up to meet and exceed its goals.

Call us today at 912-353-7800 to book an initial consultation or video chat and let’s see how we can help your business. You can also email us at [email protected] or auto schedule an appointment, here.

Interested in learning more about business growth phases and navigating tax and financial challenges? Order your copy of my book A Framework For Growth: Smart Financial and Tax Planning Strategies Throughout the Entrepreneurial Life Cycle today!

Need for an “Exit Strategy” is on the Horizon
Given that you answered that you plan to exit your business in the next 5 to 10 years, it does seem that developing an “exit strategy” should be on your list of priorities in the near future. As you near this change, preparing for your next phase of life is essential. A big payday may be planned. This is the time to attach numbers to your desired lifestyle after this venture is done. Before you make any transactions, evaluate your options with your advisory team. Keep in mind your upcoming income needs and tax liabilities. My team and I are standing by, ready and willing to help you formulate your exit strategy. 

In the meantime — here’s a checklist, to get you started:

  • Establish an autonomous entity for innovation within the company
  • Develop a method to monitor ongoing market trends and competitive risk
  • Carry out market research to spot opportunities for acquisition targets or acquirors
  • Consider what “life after the exit” will look like for the entrepreneur
  • Review trusts and estate plans
  • Develop a succession plan
  • Consider family obligations and goals
  • Scrutinize new ventures with a careful eye