Business Structure advice
Running a business always poses risk, and every commercial transaction you undertake puts you and your operations on the line.
There are, however, strategies you can employ to help minimise your risks and n1 accounting’s business structure advice service is central to your protection.
Our structural audits are absolutely critical to business operations from both commercial prudence and tax management perspectives. When charged with completing a structural audit of your business, your n1 accounting advisors will review your assets, commercial activity and income streams.
Once they know what you're up against, your team will develop structural recommendations that are both tax effective and reduce the risks associated with your commercial ventures. They will also be on the lookout for opportunities to improve your tax position and will call on our financial planning affiliate to assess debt facilities and insurance as required.
Business Sale Advice
N1 accounting can help achieve an optimum business sale, by presenting purchasers with a positive income generating asset. That may include document preparation, negotiation or even creating a business plan.
Perhaps selling your business seems a long-term vision. In reality, you should prepare for when that time comes. Your accountant is a valuable resource for the balance sheet and financial statements that prospective buyers request. However, there are many factors to a successful business sale.
Putting a business plan in place
Measures like creating a business plan ultimately make your business more attractive to purchasers. Often a business plan is essential for your purchaser to raise finance too. If you are considering a sale, contact n1 Accounting at least six months in advance. That gives you and your accountant plenty of time to design a strong, appealing business plan.
Selling part of your operation
Many owners choose to divest one part of their business. That means your accountant needs to prepare an independent balance sheet and financial statements. N1 Accounting is experienced preparing segregated accounts to demonstrate cash flow, growth and profit within multi-level businesses.
Once you have decided to sell your business, we can help you to:
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Identify and approach potential buyers or investors
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Advise on tax-efficient disposal routes
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Liaise with your legal team
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Negotiate closure terms
Financial factors often lead to the decision to sell a business, so current financial statements are critical. As a business sale can take time to secure, ask your accountant about keeping your balance sheet and financials up to date.
N1 Accounting also supports business owners needing to:
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Ready their business for sale
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Prepare Section 52 documentation
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Maximise their business sale price
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Minimise tax impact on profit from sale