by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Buy-sell agreements help protect small businesses with multiple owners if an owner dies, becomes disabled or chooses to leave the company. They should dictate who can buy the departing owner’s interest, when, how and for how much. It’s best if these contracts...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
As a Maine-based small business owner, you’ve probably spent a lot of time and money developing unique ideas, products, and services. But the more people who are in on your plans, the more you risk losing your secrets. To help protect your vital assets, it’s...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Tax Planning
Small business owners want their companies to grow. An efficient way to do this may be to acquire and merge with another company. But it’s not a sure thing, and usually when it doesn’t pay off, it’s because of management issues, and not market conditions. Read these...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Debt & Financing, Financial Planning
Small business owners often prepare a projected cash flow statement. These set a prediction of the company’s available funds over a specified period of time. The primary goal is to determine whether the business will have enough cash to pay the bills. These...
by Royer Advisors | Dec 11, 2024 | Business Plans
Many Maine-based small business owners are involved in the food service industry. The Food and Drug Administration (FDA) publishes a Food Code for restaurants to protect the public from diseases that are transmissible through food. Owners of food service...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Usually when a business is professionally valued, owners and managers immediately check out the bottom line to see what the company is worth. They may pay little attention to the reasons behind the final number, especially if the report was prepared for internal...
