 ntity Choice and Formation
Proper business planning allows you to prepare for your future in three distinct ways: ensuring that your business provides you with the maximum return, protecting the welfare of your family, and protecting your business entity and operations.
Your business plan should allow for the probability of everything going extremely well -- and for the possibility of major operating problems or adverse life events.
Pre-Engagement
Whether you are contemplating a new business, established in a single-location family business or trying to manage disparate business locations or entities, we can help you design the business plan that encompasses stability, foresight, financial strategies, compliance, and peace of mind.
After review with your Financial, Legal, or Accounting advisor, and it is determined that your business may benefit from our services, you or your advisor may contact a member of Strazzeri Mancini LLP. It is our belief that you should involve your other advisors in your planning and keep them apprised of steps you are taking. In this way advisors are fully informed and have a chance to offer their particular expertise to the process. This is Collaborative Business Planning.
Gathering the Business Assets and Interest
During our initial contact we gain a basic understanding of your family business and concerns. We will explain our business planning process and schedule a time for you to meet with our attorneys and often your other key advisors.
We will send you our Confidential Business Information packet which includes:
- the date and time of our meeting
- directions to our firm's offices
- an explanation of the process ahead
- basic information about business planning and our firm
- a Confidential Information Booklet for you to fill out and a list of requested documents.
If you wish, you may fill out the Confidential Information Booklet online.
Evaluation
Our team, together with any other necessary key advisors, performs a detailed review of your business and personal family needs. We organize all of the information to be accessible to you, our firm's team members, and, as needed, your other key advisors. The organization of your information in this manner ensures a meaningful and productive initial visit.
Initial Visit
We discuss with you all of your current business structure, if any, your objectives, legal requirements, and options. During these discussions we come to a deeper mutual understanding of your business dynamics as well as your unique needs and goals. We explore how your business and family lives will best be served. Your questions are answered regarding the particulars of the law as it relates to your business. We take you step-by-step through the preliminary planning stages from the various Entity Choices to the Formation of your business legal entity.
Engagement
Analyzing and Testing
We analyze, test, and challenge combinations of planning theories and strategies for the Entity Choice and Formation. We determine the Entity that will best fulfill your stated needs and desires for you and your family. This Preliminary Plan is often enhanced by the contribution of your other advisors.
Building the Plan
Through the use of legal documents, narratives, graphs, charts, models, and schedules our firm and your other advisors build every aspect of your comprehensive and understandable Business Plan. While there is no perfect answer, we strive to achive the optimal impact within a manageable plan.
Presenting the Enhanced Plan
We review and confirm all aspects of the plan with you along with your advisors. We offer you the added benefits of incorporating into your business planning all the wisdom, judgment and expertise of successful practicing professionals in many distinct disciplines. With your understanding and approval, we proceed to the signing of each of your plan and legal documents.
Implementation
We assign every detail of the plan to the appropriate advisors for immediate action. Each advisor provides you with a detailed plan and implementation schedule.
Confirmation
We answer any remaining questions and present you with your family's completed plan. We also take you through the first year of your business.
Find out more about our Family Business Planning process:
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