Starting a business can be exciting and demanding. There are substantial risks and legal and commercial issues to be considered when making a decision about commencing a business. Abbott's Chartered Accountants have been providing professional advice to businesses for over 30 years. We can help you to analyse business opportunities and minimize business risks.
We provide a vast array of services which broadly fall into the following categories:
- Business Acquisitions Valuations and Evaluation
- Business Structures
- Commencement, Registration and Compliance
- Accounting, Bookkeeping & Business Relationships
- Legal Agreements, Deeds and Corporate Matters
- Buy / Sell Agreements
- Shareholder Agreements
- Human Resources
- Trademarks, Copyright and Business Names
- Venture Capital Advice
- Capital Adequacy Assessments
For assistance with starting a business please contact us, or read on for more information.
1. Business Acquisitions, Valuations and Evaluation
Commencing a new business is a complex and stressful adventure that can impact on you and your family’s life for many years to come. The involvement of experienced professionals in this process is often critical to ensure you are positioned to make the best decisions at this critical stage of your business cycle. We can assist you with the analysis of business opportunities including the provision of valuations and construction of business plans.
For assistance with business evaluations please contact us.
2. Business Structures
We can provide comprehensive advice on the various structures that may suit your family and business circumstances and assist you in establishing those structures. Getting this aspect of your business right from the very beginning can not only save you money for years to come it can also avoid having to restructure down the track as your business evolves and grows.
For assistance with your business structures please contact us.
3. Commencement, Registration and Compliance
Once appropriate business structures are established we are able to assist you with registration with the variety of government agencies that are impacted by your business.
For assistance with commencement, registration and compliance for your business please contact us.
4. Accounting, Bookkeeping & Business Relationships
Like most things in life choosing a system of administration from the myriad of choices available to you is an art of compromise. Most systems display different strengths and weaknesses, the trick is to select the systems that best suit you, where their strengths enhance your prospects of success and their weaknesses are manageable. We can assist you in selecting and establishing systems of bookkeeping and administration that are suitable for your business needs. Your accounting systems need to reflect the needs of your business which may be a simple electronic cash book through to dynamic integrated software systems and cloud based solutions.
For assistance with accounting, bookkeeping and business relationship please contact us.
5. Legal Agreements, Deeds and Corporate Matters
Legal agreements are rarely written in plain English. They are complex and invariably mission critical for you. Solicitors are great at writing legal documents in a way that will stand up to the rigours of a contested argument. We are great at ensuring that you and the solicitor understand the context in which the agreements have to exist in your commercial world. Our role is to ensure that your have the right agreements that meet your objectives and keep your business interests and your wealth safe. We can help you to contact and liaise on your behalf with professional legal consultants regarding setting up agreements and deeds as well as other corporate matters. These documents can deal with management issues of your businesses customers, staff and suppliers together with any equity partners if appropriate.
For assistance with setting up legal agreement, deeds and corporate matters please contact us.
6. Buy / Sell Agreements
If your business involves non family members there are a variety of strategies that we can recommend to deal with a business partner exiting the business on good terms, bad terms or unintentional terms, such as death, disability or illness. We can provide comprehensive advice on buy/sell agreements and we are able to assist you with any issues pertaining to these agreements, including dealing with the complexities of their taxation implications or insurance needs.
For assistance with buying or selling agreements please contact us.
7. Shareholder Agreements
When you establish a business we strongly encourage you to consider the manner in which you would like to exit the business. The best time to do this is now, at the start, before any arguments can form. We can assist you to setup relevant shareholder agreements to deal with the management of your personal and business affairs where outside parties are involved.
For assistance with shareholder agreements please contact us.
8. Human Resources
Human resources can often be the greatest resource in a business. It’s the people that generally make the difference between a good business and a great business. People are complex, dynamic and self motivated and they require a lot of management. If you don’t get your HR management right then not only will you fail to get the best out of your people, but you could well find yourself on the wrong side of legal arguments about your staff’s rights and your responsibilities as an employer. Not to mention the compliance interests of government agencies. We can provide comprehensive advice and guide you on human resources issues in your business including recruitment, contract management and HR compliance matters. [Read more...]
For assistance with human resources issues please contact us.
9. Trademarks, Copyright and Business Names
The common misconceptions about trade names and business names is astonishing. It is extremely common for people in business to misunderstand the legal aspects of ABN’s, website domains, company’s and business names. Often the entire concept of trademark and patent protection is overlooked and businesses are exposed to loss of brand ownership and trademark infringements. We can help you to understand and differentiate between the various registrations that your business will need to operate commercially and we can assist you in applying for business names, trademarks, domains and copyrights with the relevant government agencies in order to protect your intellectual property and ensure you are not in breach of trademark law.
For assistance with trademarks, copyright and business names please contact us.
10. Venture capital advice
Good businesses need good funding. When you’re personal resources and the banks limits are likely to be insufficient to achieve the business objectives it’s time to consider bringing in professional investors. This is a step up in business accountability and your business needs to be prepared to meet the requirements demanded of professional investment firms. You will need sound advisors behind you in order to make a business pitch for funding at this level. We can provide comprehensive advice and assist you in planning for any venture capital that is relevant to your business, including introduction to professional specialists in this field.
For assistance with venture capital advice please contact us.
11. Capital Adequacy Assessments
Most successful businesses are dynamic, they change rapidly with growth and contraction in business activity. These changes have to be carefully monitored or even better, they need to be accurately forecast. A business will thrive when it is tuned for success, this means having the right level of capital available to meet its forecast needs. Consideration can also be given to when a business becomes overcapitalised and the need, or opportunity, to return capital to the owners needs to be considered. This can be when a business enters its ‘payback period’ and owners will love it! We can provide comprehensive advice and assist you in assessing your businesses capital requirements including introducing you to and liaising with the various financial institutions available to you.
For assistance with capital adequacy assessments please contact us.
Chris has been a part of the Abbotts Team since 1987 and has worked in the accounting profession since 1983. He qualified as a Chartered Accountant in 1991 and was appointed as a Partner in Abbott’s Chartered Accountants that year.
Contact Abbotts today to learn about our business services
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