Starting/Buying a Business
Not sure how to start a new business?
Ashmans will help you select and implement the right legal structure for your business for tax, asset protection and growth, and help you understand your rights, obligations and duties.
When you start a new business, it can be daunting to understand what is legally required. The Ashmans team will guide you through each step to make sure you are compliant.
Understanding your financial position will help you allocate the appropriate resources within your business to make sure you don’t miss out on any opportunities.
The first, and often the toughest part of starting a new business venture, is having a clear, concise strategic and operational business plan. This forms the road map for your business.Your business plan should answer the following questions:
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Frequently Asked Questions (FAQ)
There are a number of structures open to you when you are starting a business. For instance, you might decide to operate as a sole trader, or it might be more effective and tax efficient for you to form a company or set up as a trust. Our team of business accountants can advise you as to what sort of structure will work best for you.
Ashmans can help you prepare a budget, cash flow analysis and forecast, and a profit and loss projection for your new business. Having this information can be vital in obtaining funding for your new enterprise and getting your business off the ground.
If you are considering buying an existing business, Ashmans Accounting can assist you to gain a clear understanding of the financial position of the business, especially any tax implications. Together, we can forecast the sales and profit projections, as well as set up the best ownership structure for you.