Closely Held Businesses
Over 90% of all American business are considered Closely Held Businesses. This major economic force have their own unique concerns and accounting requirements.
Many times the business often represents a large share of the owner’s wealth and future security… sometimes it’s the complete retirement plan. Therefore cash flow can significantly impact the owner’s personal lifestyle. And balancing that with reinvestment in the business is critical in order to garner the biggest bounty upon exit.
Because of these factors, it is especially important for Closely Held Businesses to have a relationship with an accounting and financial management firm they can trust.
Satty & Partners understands the unique dynamics of Closely Held Businesses. We devote the time necessary to build consensus among stakeholders. We assign each client a dedicated Satty team who comes to know your family members, operations, business and personal goals. Our objective is to build lasting, trusting relationships in which you will feel comfortable asking any questions or sharing any challenges.
As a Closely Held Business ourselves, we assist you throughout the entire business life cycle, from formation and choice of an appropriate entity, through expansions and acquisitions, to succession planning and planning for transitions and/or sales.
Specialized Services Include:
Start-up assistance
Accounting services
Consultation on implementing proper accounting and computer systems
Audits, reviews and compilations
Business tax preparation and compliance services
Tax planning and consulting
Business advisory and evaluation services
Employee benefit plans
Business valuations
Litigation support
Succession planning
Risk management
Wealth management solutions
Cash flow forecasts
Mergers and acquisitions