Closely Held Businesses
The characteristics of closely held businesses vary greatly. Some are family-owned, while others are startups founded by like-minded entrepreneurs, and they operate in a multitude of industries. But one thing is constant – all closely held businesses need tax, assurance and advisory services that are tailored to their needs.
A multi-generation family business on the verge of succession has different needs than an entrepreneurial startup looking for mezzanine financing. And a mature company looking to expand into foreign markets needs different services than does a business services firm that is bringing on a new partner.
ARB is active in the Closely Held Business Community in New England.
How We Do It
How We're Helping Our Closely Held Business Clients
TCJA: The Tax Cuts and Jobs Act has impacted everyone, but perhaps business owners most of all with a double impact on your business and personal tax returns. The result is that proper tax planning is more important than ever!
M&A: With so many closely held business owners getting closer to retirement, there may be an opportunity to grow your business through acquisition. It could be a productive exercise to explore the benefits of growth.
Cash flow: In order for a closely held business to grow, it needs cash. First determine how much more cash you might need to achieve your growth goals, then gain control over the important levers of managing A/R and A/P, and the possibility of bank financing.
Closely Held Business Services Team Leaders
Cheri L. Walker, CPA | ARB Managing Principal
Closely Held Businesses Service Practice Leader
Cheri focuses primarily in providing financial accounting, income tax planning, and business consulting services for family-owned businesses and for privately-owned businesses.