by Royer Advisors | Dec 11, 2024 | Business Plans
These days, it’s rare to have firsthand knowledge of a new hire, thanks to the mobility of our society. And the days are gone when an employer would dare to hire based solely on a grade point average and a transcript from a school or college. Today, a...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
When it comes to building wealth on a tax-deferred basis, the benefits of a 401(k) plan are too good to pass up. If your Maine-based small business doesn’t have a 401(k) plan, now is a good time to start one. If you already have a plan in place, there are ways...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
The broker and valuation analyst bring very different perspectives to the small business owner. The broker and business owner have the joint goal of finding the highest bidder. The valuation analyst has the goal of providing the business owner with an objective...
by Royer Advisors | Dec 11, 2024 | Business Plans, Tax Planning, Tax Preparation
There is generally no one legal structure that works best for all small businesses. The best choice depends on a number of things, including the number of owners, your tax situation and whether or not you have employees. A limited liability company (LLC) may be a good...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Tax Planning
It used to be that small business owners believed that all they had to do was serve their customers effectively and make sure that their stock maintained or increased its value. It’s now more usual, however, that business owners also must be concerned with their...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Valuations
You’ve probably heard the old saying, “a verbal contract isn’t worth the paper it’s written on.” Yet many business owners and executives still enter into handshake deals. This can create problems later on that could have been easily...
