Ensure Legal Compliance with Professional Family Business Accounting
Advivo explains how professional family business accounting can help you stay compliant with all legal and financial regulations. Running a family business comes with its own set of unique challenges, and one of the most important aspects is ensuring legal compliance. This is where family business accounting plays a crucial role. It’s not just about [...] Why a Family Business Needs Good Governance
Advivo Managing Partner, Leon Stephan, explains why all family businesses need good governance to thrive. It is common knowledge family business is the engine room of Australia, representing approximately 70% of all Australian businesses and employing approximately 50% of the workforce. One of the strengths of many small/family businesses is being nimble/agile and able to [...] Tips for Bringing New Investors Into the Family
What to Consider When Assessing What a Family Business Will Need to Grow and Succeed Changes in business dynamics are occurring rapidly, with businesses recognising and feeling the need to move fast to invest in technology or enter new regions and service lines. Family businesses are increasingly attracting investors’ interest because they make up a [...] Growing Your Business With Grants
Advivo Business Advisors and Accountants share insights on how grants can help your business, as well as how to find and apply for them. As a small business owner or start-up, it can be difficult at times to fund your operations. There are a number of different ways to achieve this – through equity from [...] Practical Steps for Small Business Owners to Support Employee Financial Well-Being
Advivo partner, Dale Edwards, outlines practical steps that small business owners can undertake to support the financial well-being of their employees. As a small business owner, your employees’ financial well-being plays a huge role in the overall health of your business. A financially stressed employee is less focused, less productive, and more likely to seek [...] How Capital Structuring Can Make or Break a Business
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Do I Need to Review My Business’s Capital Structuring?
Advivo Managing Partner, Leon Stephan, outlines what to keep in mind when deciding whether to review your current structure. Capital and debt structuring can be difficult concepts to comprehend as a business owner; it is a highly specialised area relying on many years of experience, training, and expertise gained over that time. Although you may [...] What is the Best Business Structure?
Advivo outlines how to determine the best structure for your business. We are often asked, “what is the best business structure?” The truth is, there is no one size that fits all and the real question should be “what is the best structure for my circumstances, objectives and financial position?” We choose different structures for [...] Does Your Business Need a Board?
Advivo Partner, Dale Edwards, breaks down the benefits of setting up an advisory board, especially for family businesses. Nowadays, businesses are increasingly seeking to expand their leadership team with an external board or advisory board to grow and protect their business. We are particularly seeing this with family businesses, who may seek advice from an [...] How Corporate Advisory Can Help Your Business Weather a Crisis
Advivo explains how corporate advisory can provide your business with a helping hand during difficult times. In today’s volatile economic environment, businesses of all sizes face challenges that can threaten their stability and growth. Whether it’s a sudden market downturn, unexpected financial difficulties, or internal management issues, these crises can significantly impact a company’s operations. [...]