Introduction to the Founders Who Scale Blog — Posted on August 28, 2015 by Jeanne Goulet
This blog is a new tool to provide emerging growth companies / entrepreneurs / founders / investors with smart and timely advice on tax, accounting and finance related topics.
As a well-established accounting and advisory firm that serves the needs of a variety of business sizes and professional sectors, Marks Paneth can provide beneficial expertise and advice that might not be readily available from angel investors, venture capital firms, bankers, lawyers or other advisors.
This initial blog series will focus on a Six-Step approach to managing the life cycle of a growth business — from formation issues through on-going tax and financial planning, to exit via acquisition, merger or IPO.
Our aim is to provide growth companies / entrepreneurs with an overview of tax and accounting issues that can improve net cash flow and help you better manage tax liabilities, which in turn will deliver better returns through the life of the company, and upon exit.
The direct benefits to founders / entrepreneurs / startup firms/ investors will be to limit tax liabilities and unpleasant financial surprises due to improper financial structures and tax planning.
We’ll also share Smart Tax Strategies to help optimize cash flow and exit valuations, and increase long-term wealth building opportunities for founders and early investors.
Tax and accounting issues can be complicated and hard for the average entrepreneur to grasp, especially if they are busy building and running a growth company. So we’ll break this advice down into smaller discussions, sharing hypothetical business situations — with some potentially scary outcomes that can result from bad accounting and tax planning.
The good news is that we’ll also provide “Smart Moves” in each blog post that can act as a road map for tax, accounting and financial planning — to help you make and keep the most value that your growth company has to offer.
Marks Paneth is committed to acting as a strategic business partner and trusted advisor for our clients, offering a full range of professional services, including: Corporate tax services: From establishment of tax-efficient ownership and operational structure to tax planning and preparation of federal, state and local tax returns. Personal tax services and planning for entrepreneurs, including trusts / estates and asset protection. Accounting services / preparation of financial statements. Auditing / Employee Benefits Plans. Litigation and Corporate Financial Advisory: Intellectual property, business valuation, and assistance with capital raising and meeting regulatory requirements.
This material has been prepared for general informational and educational purposes only and is not intended, and should not be relied upon, as accounting, tax or other professional advice. Please refer to your advisors for specific advice.
Reprinted and used with permission from Marks Paneth LLP