900 N. Kings Highway, Cherry Hill, New Jersey 08034
856.667.4100 ·
215.563.0276 ·
Fax: 856.667.3652
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Business Tip |
Every business manager should have ABILity.
The first four letters of the word ability are:
A for accountant, B for banker, I for insurance agent, and L for lawyer.
There are few financial transactions of any significance that should be completed without the professional assistance
of at least one of these four disciplines. Make it a point to consult with these advisors while your transaction
is still in the planning stage. It is almost impossible for any of these people to do a good job for you after
a transaction is signed and sealed.
If you are concerned about confidentiality, discuss it at the outset of your meeting. Much of the general public
is unaware of the ethical restrictions imposed on these people and are hesitant to involve them in preliminary
planning.
The people in these four areas of business are in constant contact with business problems and solutions. If you
discuss your ideas with them before you commit to something, you will find your time well spent. The fees you pay
for legal, accounting, and other professional services at the preliminary planning stage will be returned to you
in better multiples than those for "after-the-fact" consultation.
The more contact you have with your accountant, banker, insurance agent, and lawyer, the better equipped you will
be to run your business more profitably and with fewer hassles. We often hear people say, "I wish I had known
that before I did 'such-and-such.' " Even if you are acquainted with certain business transactions, things
change. There are new laws being passed at an alarming rate; many of them may affect your business decisions.
Sometimes your inquiry may be only a brief telephone call. If your project warrants more time, your advisor will
determine that and let you know what complexities you are facing.
We would be pleased to act as your sounding board in business and tax matters. In fact, if you would like to know
more about the services we have available to you, call us; we are here to help you.
