Owner-operated companies have needs and perspectives that set them apart from other enterprises. The business often represents the vast majority of the owners' assets, requiring a mix of personal and business planning. Family-owned businesses can have complex succession and corporate governance issues. Small business owners often the lack the senior-level internal support the need for optimal planning and decision making. And women-owned businesses, which account for a growing share of the economy, can often benefit from additional networking and mentoring opportunities.
CohnReznick started as a small business and today, as a partnership, remains an owner-operated one. Understanding the needs of owner-operated businesses is embedded in our DNA. We tailor our solutions to your life-cycle stage, with an eye toward moving the enterprise from one stage to the next. Our audit, tax and business advisory services include:
- Compliance and back-office support: We provide owner-operated businesses with reliable, experienced support in handling day-to-day accounting matters as well as ensuring that essentials like tax return preparation are handled promptly.
- Compensation: We can help owners develop strategic compensation plans for themselves, senior management and other employees that help maximize retention while remaining flexible and sustainable.
- Exit strategies and succession planning: We can help owners develop exit strategies that allow them to retain their assets, and develop succession plans that let them pass control to the next generation in a way that preserves the continuity of the business.