Business Venture Insights

January 1, 2015

Far too often, people are so eager to start a new business or product, that they end up skipping some very important considerations. This is one of the major reasons that so many new businesses fail within the first five years. This guide will help you ensure that you have taken the necessary steps into what will be a rewarding and profitable experience.

With the potential rewards and achievements as the motivators for your decision to start-up, it is equally important to be realistic about the risks and frustrations that may be encountered. With careful planning, good organization and professional advice, you can help to ensure risks are foreseen and minimized with the frustrations and surprises being manageable.

Business Venture Insights is intended to provide a general outline of tasks and activities to assist you with the accounting, financial and tax related issues that must be considered at the outset of your new business venture. It is important to note that information contained in this guide is current as of the date of publication. New tax legislation and changes to business regulations are changing continuously. With the introduction of new accounting software, tax related programs and the proliferation of information available through Internet-based sources, it is highly recommended you seek the advice of a professional advisor to confirm comments contained in this guide are current.

The Partners and staff of Welch LLP , Chartered Accountants, would be pleased to provide you with personalized advice and assistance for your new business.

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