As the founder of a start-up, you’re the expert in what your business does. But that doesn’t mean you automatically know all you need to about how to manage it financially. At MSD, we understand that starting a business can be as daunting as it is exciting. We put you on the right track from the very start, so you have a solid financial foundation on which to build your business.
We offer a comprehensive range of services, information and advice to support you as you turn the dream of starting your new business into a reality:
Identifying the ideal legal structure
Should you register as a sole trader, a limited company, a partnership? There are a lot of factors to consider when deciding which one suits you best. You will need to consider factors like taxes, ease of transferability, limitations of personal liability, the admission of new owners and the expectations of investors. Our advisers will help guide you through the legal structure to identify the best fit option.
Registration of a new company
Registering with the Companies Registration Office (CRO) and the Revenue Commissioners is a vital part of the process when starting your own business. We can act as your agent ensuring all the correct forms have been completed and processes followed correctly.
Not all banks give financial backing to start-up businesses, as there is too great a risk and lack of repayment capacity. But this isn’t the end of the story. You have a lot of different options, each with their associated benefits and risks. Explore your options with one of our advisers to see what will best suit your new business.
If you want to launch a successful start-up business, it is essential to have a business plan to show where you want to go and which route you want to take to get there. It is also critical that you understand this plan and the assumptions behind the numbers. Our business advisers are ready to help you in creating a credible, workable business plan to guide you through those vulnerable formative years.
Cash flow forecasts
A key part of planning the future of your company, a cash flow forecast will help avoid any crisis of liquidity. Simply put, it will help you make sure your business does not run out of money, so you can keep your dream alive.
Other services we offer:
• Grant applications
• Setting up internal controls