MAS Client Services – Small and Family Business
The most common small business/family business client requests we receive at Morley Accounting Services include:
Start up
My wife and I have started a business by taking over several contracts from our former employer. We need help to hire staff, register for GST and WSIB, get an accounting system up and running, develop a brochure, set up an office. So many things. Where do we start? We need someone who can give us a checklist of what to do and have the experience and expertise to help us through the process.
Need working capital
We have been in business for 10 years but our volume of work has suddenly doubled and may double again next year. We need more working capital, maybe even some equity, we are not sure. We want a professional who understands banks and the financial sector to take us through a process that gets our business plans done and helps us get our financing in place as soon as possible.
Banker wants to call the loan
Our family business has been with the same bank for 20 years but we had a tough year and now the banker wants to call the loan. We are as busy as ever but don’t seem to be getting ahead. We need a professional who understands the numbers and how we can get more profitable and keep our banker happy.
Building wealth outside the business
We are going through some family tension as my children want to take over the business but I don’t want to retire. I have decided to move some of my wealth out of the family business so that the business is more affordable. We need someone who can see the big picture and can develop a way to get the family and business to work together so everyone is happy.
Father died without a succession plan
My father was the sole owner of a successful business employing several of his children. He died unexpectedly without a plan and my mother does not know if she should sell the business or pass it over to the children, some of whom work in the business. We need a family advisor who can deal with family issues as well as the business issues.
