Small Business Accounting

4121 18th Ave, suite 1100

(347) 5022652

Mon - Sun 10 a.m - 8 p.m

cash, all credit cards, check

Description:

Running a business is a major undertaking, and one that you want to make sure is handled correctly. No matter what type of business you are running, it is important to really think it through and make good decisions that will help you for years to come. This extensive business guide will answer common questions, provide tips, and much more. If you ever have any questions that aren’t answered here, please don’t hesitate to contact us at (347) 5022652.

If you own a small business and you want to pass it down to your children or other loved ones, you will want to start preparing as soon as possible. Less than 1/3 of small businesses survive passing down to a second-generation owner. Only about half of those survive making it to the third generation. This is largely because it is handled poorly.

One of the most useful things to have when passing your business on to another party is a comprehensive business strategy. This document should include details about your business, lists of customers, important information about marketing, finances for the previous years, plans for the future, information about the day to day operations of the company, and a final statement about the business. While the new owner will be able to make all their own decisions about how it should be run, this will help to ensure a smooth transition.