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Business Advisory

Taking the right business direction is crucial. Collins & Co advisors are available when you need them most, providing objective, targeted advice focused on your business needs. 

 

Our Business Advisory services include:

 

Succession Planning

Succession Planning

Too many business owners don’t believe they need a succession plan (exit strategy) today because they don’t plan on retiring for a long time. The issues with this are :

 

  • Involuntary exit due to death, disability, trauma and critical illness
  • Time to prepare for maximum value

 

It is essential for every business owner to have an exit strategy that outlines when and how they leave the business. Starting to develop a succession plan during the years before you plan to exit, allows you the time to fully consider every available option.

 

We aim to help your business with the following:

 

  • plan your exit strategy now to add value to your business
  • work out who are the likely people to purchase your business
  • How businesses are valued by purchasers
  • What influences how much they will pay for your business
  • Maximising the value of the business when you exit.

 

Your Contacts

 

Business Valuations

Business Valuations

Often small business owners are unaware of the actual value of their business. A valuation can be undertaken to determine the worth of a business. This can potentially set a sale price for an owner to sell the business or for a purchaser to determine whether they are effectively buying themselves a job or a profitable business.

Valuations are prepared for a number of reasons, including:

 

  • Sale of business and succession
  • Assessing a business opportunity or merger
  • Capital raising
  • A death in family
  • Family law dispute
  • Tax requirements

 

We will provide an independent opinion on what your business is really worth.

 

Business valuations are often used in court proceedings where there is a dispute or where the court needs to place a value on the business to reach a settlement between parties.

 

Collins & Co has acted in a number of cases as an independent expert in valuing businesses.

 

Should you wish to have your business valued or are looking at purchasing a business please feel free to contact us.

 

Your Contact

 

Business Reviews and Planning

Business Reviews & Planning

Often small business owners are unaware of the actual value of their business. A valuation can be undertaken to determine the worth of a business. This can potentially set a sale price for an owner to sell the business or for a purchaser to determine whether they are effectively buying themselves a job or a profitable business.

 

Valuations are prepared for a number of reasons, including:

  • Sale of business and succession;
  • Assessing a business opportunity or merger;
  • Capital raising;
  • A death in family;
  • Family law dispute; and
  • Tax requirements.

 

We will provide an independent opinion on what your business is really worth.

 

Business valuations are often used in court proceedings where there is a dispute or where the court needs to place a value on the business to reach a settlement between parties.

 

Collins & Co has acted in a number of cases as an independent expert in valuing businesses.

 

Should you wish to have your business valued or are looking at purchasing a business please feel free to contact us.

 

Your Contacts

 

Business Structures

Business Structures

Using the most appropriate legal structure for your business is very important and has the following consequences if not addressed correctly: inadequate asset protection, personal liability for business debt, higher marginal tax, risks associated with ownership, and legal complexity.

 

We are happy to work with you and your legal advisors to find the structure most suitable for your business.

 

A shareholder, unit holder or partnership agreement is an important document that controls the rights and obligations between the respective parties in the business. It also helps with the clarification of the understanding between business associates and owners on how changes in ownership, both voluntary and involuntary (in the event of death or incapacity) will affect the relevant parties.

 

These owner agreements are often supported by the appropriate keyman insurance policies to fund the financial requirements in the case of changes in ownership forced by involuntary events.

 

We are happy to work with you and your legal advisors and financial planning professionals to assist finding the most suitable solution and to ensure that the tax implications of keyman insurance are dealt with correctly.

 

Your Contacts

 

Cash Flow Management

Cash Flow Managment

No matter how profitable your business might be, if you cannot pay your bills, the business may be forced to close.

 

Employees can’t wait on pay checks until your customers pay. Your landlord does not care that you are having difficulties collecting from your debtors. Suppliers may not be willing to extend further credit, thus you may not be able to purchase the goods you need in order to supply your customers.

 

“More businesses fail due to lack of cash flow than lack of profit.”

 

We can prepare a cashflow projection for your business. This is a projection of the business's cash inflows and outflows over a certain period, i.e. three to six months.

 

The main purpose of using a cash flow projection is to predict the business's ability to collect more cash than it pays out. This gives management some indication of the business's ability to create the funds necessary for expansion, or its ability to support the business owner. A cash flow projection can also predict your business's cash flow shortages, i.e. times when cash outflows exceed cash inflows, when combined with your cash in the bank.

 

We can help clients prepare cash flow projections and budgets to help them with assessing how their business are performing against expectations and to pre-empt potential future cash flow issues in the business.

 

Your Contacts

 

Corporate Secretarial

Corporate Secretarial

We help client organisations manage their routine corporate and statutory secretarial needs. Our services cover a broad range of administrative and compliance tasks.

 

  • Company incorporations and formation of trusts
  • Registered office and Business office facilities
  • Preparation and lodgement of ASIC returns and statutory minutes
  • Business name registrations and renewals
  • Foreign company registrations
  • Deregistrations
  • Online search facilities
  • Maintenance of statutory registers and other formal documentation
  • Conduct Company and Business name searches
  • Company formation advice
  • Incorporation of companies and purchasing shelf companies
  • general advice on corporate affairs matters

 

Your Contact

 

 

  • Strategic Business advice;
  • Advisors to boards;
  • Best Practice Corporate Governance;
  • Employee Incentives Arrangements; and
  • Loan Applications & Funding Requirements.

 

Not only do we offer sound financial advice, we work with you to achieve your business goals, meet your statutory obligations and make sure your needs are met in the most cost effective manner.

Find us: 127 Paisley Street, Footscray VIC 3011 map...

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