1. Practice/Business
“Check
Up”
Is your business incorporated correctly (i.e. S-Corp, C-Corp, LLC, LLP, etc.)?
Are you in strict compliance with all state and federal guidelines?
Have you exposed you and your families personal assets by not following the
corporate formalities?
Do you have a buy/sell agreement with your partners? If so, is it properly funded?
Do you have a proper estate plan? When was it last reviewed?
Have all your key employees signed non-compete and/or a non-solicitation
agreement?
Have your employees signed your company handbook indicating they
understand the company policies and regulations?
Are your employees 1099 and/or W2? Do they meet the proper criteria for 1099?
Is your company status current with the Corporation Commission?
Do your internal financial reports match your filed tax returns?
Do you have proper documentations of loans to and from shareholders?
If you own your building do you have formal rental agreements?
Are there any “red flags” on your tax returns that could trigger an audit?
9 out of every 10 businesses* on average have either “breeched their
company veil” exposing them and their families personal assets
and/or have “Red Flags”, inconsistencies, or inaccurate reporting on
their tax returns. These “unknowns” can cost you dearly!
MANY times this is a result of miscommunication or incomplete
information between the business owners and either their CPA or
Attorneys, NOT because they don’t work with quality professionals.
Why not let US identify these problems BEFORE an
IRS AUDITOR or the TRIAL ATTORNEY who is
attempting to sue you does.
Contact Triton to schedule your Practice/Business
“Check Up”
480-331-5088
* Statistic from our advisors experience in working with over 600 businesses nationally