Business structuring
When commencing or purchasing a business it is not only important to consider the most appropriate business structure of the current business but also for how you see the business in the future. The crucial task of matching the characteristics of your business and plans to the commercial and taxation traits of different structures can shape your business for many years to come
There are a number of entity structures that may be considered and each of these business entities have different legal, tax and commercial characteristics.
The choice of entity structure (or combination of) is complex and specialist advice should be taken to ensure the structure you use is most appropriate for your needs.
Financing your Business
Most SME’s are facing tougher scrutiny from their bankers and dealing with banks now takes more patience and needs a good understanding of the financial system.
Communication with your bank, bothe during the application process and throughout your relationship can become unnecessarily complicated and unpleasant if you don’t have the right support.
Guild Accountants can work with you to ensure that -
• You understand the impact of your debt on your financial situation by setting out your expected profits and cash flows
• You are communicating the right story to your bank manager about how your veterinary practice is performing or what your forecasts mean
We will make sure that your business is presented in the best light because we understand how the banks will assess your business’s value. We will ensure that:
• You have the right security position with the bank taking security over assets where necessary and you don’t expose other family assets unnecessarily
• You get the best finance from the outset by working with Guild Commercial Finance who are experts in dealing with banks and are up to date with what’s on offer
• You get the right legal outcome through the help of Guild Lawyers
Valuing an Enterprise
At Guild Accountants we have extensive experience in valuating and examining businesses from a wide range of industries.
We have also acted as expert valuer for financing purposes as well as partnership disputes.
We can work with you to ensure that –
• We have asked the right questions to obtain all necessary information about your veterinary practice
• The valuation report is prepared in accordance with the instructions pertaining to your circumstances
• The final result is a fair value of the target veterinary practice so that you can use the valuation for its intended use without delay or question
• The valuation is prepared in a timely manner so that it can quickly serve its purpose.
We are also able to provide quotes for business valuations required for other circumstances.
If you would like to further information about business structures, finance and valuations, please call Guild Accountants on 1800 101 296 or email enterprise@guildaccountants.com.au.
