22 Jun Benefits of business consulting

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DVF offers business consulting services on a personal level

Why should your company consider business consulting?

Business consulting should be forward-thinking and innovative. In many cases, businesses and individuals have situations that occur that are outside of the normal scope of an accounting firm such as budgeting, forecasting projections or cash flow management. We believe it is our responsibility to take the proper steps to guide you through the process and offer sound instruction and establish practices that will elevate your business to the next level.

In any of these situations, goals and objectives should be considered along with a course of action. At Dempsey Vantrease & Follis, our cast of business-centric associates have assisted clients in several areas that include the following:

  • Forecasting and projections
  • Preparation of and consultation regarding business plans
  • Industry specific consultation
  • Succession planning
  • Cash flow management
  • Budgeting
  • Customized coordination of communications involving other professionals including attorneys, brokers, bankers, and insurance agents
  • Employment agreements
  • Buy-sell agreements
  • Consulting agreements
  • Non-compete agreements
  • Organization documents (LLC, Partnership, Corporation)
  • Asset purchase agreements
  • Stock purchase agreements

 

What are the benefits of a business valuation?

In today’s business landscape, a business valuation is an essential step to determine the value of a business.  Many industries are unique within their own regard so a business valuation provides an estimate of value for an ownership interest in a business entity at a particular point in time.

In many cases, businesses and individuals may face situations which require special business valuation services. Many put time, money and much effort into growing a business so a business valuation can offer many benefits for the long range picture and health of a business.

One of the benefits of a business valuation is that you can create a clear and concise picture that accurately represents the value of your business. By examining financial documents, tax returns, budget numbers and other agreements, our team of Middle Tennessee CPAS lay the groundwork for a solid foundation.

Another benefit is found within the fact that a CPA can be wealth of information on areas that may increase the value of a business. At DVF, we understand that when determining the value of a business it is sometimes more than just number crunching and there are many intangibles that go along with the process.

Once a business valuation is achieved, you will be more likely to adapt to conditions within your given industry and make informed decisions regarding not only your own business, but competition and the economy.

At DVF, our Middle Tennessee CPAS designated as Certified Valuation Analysts offer business valuations services in the following areas:

  • Estate Planning
  • Gifting Programs
  • Business Acquisitions or Divestitures
  • Litigation Services
  • Buy-Sell Agreements
  • Due Diligence Services
  • Business Succession Planning
  • Loan Applications
  • Family Limited Partnerships
  • Divorce Cases

If you find yourself in a scenario that involves any of these matters or other specialized areas, DVF has experienced professionals who can assist you.