The Life Cycle of a Business podcast discusses the many phases of a company’s life: startup, business planning, the selection of an entity, as well as the importance of business succession planning. Ms. Allen touches on the importance of careful planning and execution and how Allen Barron helps clients to avoid the potholes which have challenged other businesses, as well as how to manage employees and the challenges of being an employer. It is crucial to establish a solid foundation with policies and procedures, an employee handbook See more +

The Life Cycle of a Business podcast discusses the many phases of a company’s life: startup, business planning, the selection of an entity, as well as the importance of business succession planning. Ms. Allen touches on the importance of careful planning and execution and how Allen Barron helps clients to avoid the potholes which have challenged other businesses, as well as how to manage employees and the challenges of being an employer. It is crucial to establish a solid foundation with policies and procedures, an employee handbook and to maintain these important documents to keep them up to date.

The podcast also goes into the importance of developing strategies involving trade secrets and intellectual property because “what you don’t want is you don’t want to hire an employee, find out that they’ve learned all of the intellectual property or trade secrets of an organization, and then walk down the street and go to work for a competitor.” How will you administer discipline or the process of termination?

The Life Cycle of a Business conversation also turns to mergers and acquisitions including an asset purchase or a stock purchase as well as the art of due diligence. How important is accounting during the process of an acquisition or sale? What is the impact of well organized accounting and tax during due diligence? What happens at the end of a company’s life? Dissolution or sale, preparing a company for sale or bringing operations to a close.

Listen to this comprehensive discussion on the importance of the successful integration of legal, tax and accounting strategies with business planning and operations. See less -