Family Businesses
What do an advertising agency, a metal fabrication business, a commercial construction company, a string of convenience stores and a quaint little gift shop all have in common? Nothing, except they are all family-owned businesses and loyal clients of Borland Benefield.
Each of these family concerns has their own unique set of opportunities and challenges, and that’s why it’s not enough for an accounting firm to simply churn out bookkeeping, tax returns and financial reports as if every family business was born from the same cookie cutter.
At Borland Benefield, we specialize in taking the time to learn about the type of business your family owns, as well as, developing close working relationships with all family members involved, even if they don’t participate in the everyday operations of the company.
Working with families is what the human side of the accounting profession is all about: communicating, listening, providing practical ideas, delivering unbiased perspective and earning trust.
William Howard Borland, Sr. believed strongly in the positive virtues of running business as a family. That’s why he brought his own son into the firm, and that’s why to this day, many of the relationships BKR Borland Benefield has with its family business clients have crossed over two generations or more.
We become part of your family business, and your success becomes ours.
Services:
Business & Financial Planning
Personal Financial Planning
Management Transition Planning
Ownership Transferal Planning
Estate Planning
Growth Planning
Family Business Assessment
Business & Financial Planning (Back to List)
Strategic Planning
Budgeting and forecasting
Balance sheet, profitability
Benchmarking
Asset Financing Issues
Business Entity Planning (S-Corp., LLC, LLP, etc.)
Cost Segregation Studies
Capital and Liquidity Management
Personal Financial Planning (Back to List)
Cash-flow needs analysis
Retirement planning
Personal income tax planning
Personal wealth planning
Estate Planning
Management Transition Planning (Back to List)
Management skills assessment
Organizational development and training
Professional search and recruiting
Organization charting and position descriptions
Ownership Transferal Planning (Back to List)
Business valuations
Acquisition positioning plans
Strategic research
Estate Planning (Back to List)
Tax Planning
Gift planning and consulting
Documentation review and analysis
Growth Planning (Back to List)
Organization Design
Operational Efficiency Improvement
Compensation Policy and Plans
Ownership Transition Plans
Customer Service Analysis
Leadership Development
Family Communication and Education
Wealth Preservation
Family Business Assessment (Back to List)
Identify strengths and weaknesses in all three dimensions (management, ownership and family) affecting ability of the business to weather disruptions, manage growth and achieve continuity
Establish priorities and develop sound planning methods.
Enable productive communication and effective decision-making processes.
For more information, please contact John Wilson (jmw@borlandcpa.com) in Birmingham at 205-802-7212, or Dena Davis (dwd@borlandcpa.com) in Florence at 256-767-3555.