by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning
When dealing with accounts receivable, it can be easy to put off having a policy in place to protect your business. As unpleasant as it can be do deal with customers who aren’t paying their bills, it is far worse for your small business to do nothing and hope the...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Maine-based small business owners often face a balancing act when it comes to deciding how much cash to keep in their regular checking accounts. On one hand business owners want to keep the money available for an emergency or great opportunity. But on the other hand,...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Business Plans, Financial Planning, Tax Preparation
When starting a new Maine-based small business, there are a variety of entity choices. Some will be easily ruled out based on the business’ operation. The six basic entities are: 1. A sole proprietorship This is a business owned by one person, who may be the only...
by Royer Advisors | Dec 11, 2024 | Business Plans, Debt & Financing, Financial Planning
When a small company if forced to shut down, it usually isn’t because they haven’t made profits. Most small businesses face closure because they lack quality cash flow, not because they lack profits or assets. So what should a business owner do? They will face many...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
All small business owners should realize the importance of contracts, since they are part of everyday business, whether it’s the tiny print at the bottom of a bill or an agreement to buy office equipment. Depending on how complex the deal is, contracts with...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
As a small business owner deciding on a major purchase, you may wonder if it is better to buy or lease business assets. The answer can be complicated, but one rule of thumb to remember is that it’s generally better to lease assets that will substantially...
