by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
These days, anyone looking to form a new business relationship, especially one that involves credit, is wise to check out the risk involved first. After all, we know that even giant companies that once seemed untouchable may be teetering on too narrow a pedestal. With...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
In today’s economic environment, one major concern for many businesses, in Maine and everywhere, is maintaining a healthy cash flow. If your small business is feeling the pinch of a tight economy, and tight credit, its ability to manage cash flow is critical....
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...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans
You’ve heard the phrase “two heads are better than one”. This can apply to Maine-based businesses and their intellectual property. When two or more companies agree to share their intellectual property so they both benefit, the payback can be considerable....
