Michael Weissman is receptive to the diverse needs of its clientele, and often these needs extend beyond the realm of traditional accounting . We build strong relationships with our clients so that we can become deeply familiar with the dynamics and idiosyncrasies of their respective businesses. Our clients look to us for valuable insight on the following matters:

  • Investment Evaluations
  • Cash Management
  • Business Acquisitions and Due Diligence
  • Compensation Plans
  • Operational Reviews
  • Cost Management
  • Profitability Analysis and Cash Flow

Business Entity Selection and Formation

If you are forming a new business, or would like to convert an existing business to a different organizational structure, we can evaluate which type of entity is ideal for your company. We realize that many websites offer this service at a very low cost; however, these sites only offer general assessments and do not factor in the complete details about your business, which are vital to any sound evaluation. Michael Weissman makes informed, educated decisions based upon an analysis of your company's financial profile. Additionally, our methodology enables us to determine which entity-type will save you the most money over the long-term life of your business. We have experience with the following business structures:

  • Sole Proprietorships
  • Partnerships
  • Limited Liability Companies
  • Limited Liability Partnerships
  • C-Corporations
  • S-Corporations
  • Non-Profit Entities
  • Trusts
  • Integration of additional corporate structures suitable for your corporation.

Each entity has its advantages and disadvantages.Michael Weissman breaks down complicated matters into terms our clients can understand and process on their own.

Business Startups

Starting a new business can be both a rewarding experience as well as a harrowing one. There is so much to do, and not everyone has sufficient time and resources to get it all done. Michael Weissman is dedicated to providing startup business with technical support in the areas of tax preparation and accounting. We provide startups with a comprehensive budget analysis, which includes a detailed breakdown of any cash flow issues. Our services include training in online accounting (QuickBooks), as well as an overview of your personal accounting and tax needs. At Michael Weissman Accounting Services, it is his mission to equip you with the tools and knowledge to achieve long-term success.

Due Diligence for Business Acquisitions

If you are thinking of investing in an existing business or entering a joint venture with a partner, performing due diligence should be your first step. Because Michael Weissman knows precisely what to look for in a potentially profitable enterprise, we can effectively evaluate the viability a particular investment opportunity. We carefully examine the financial statements of the company (or venture) you are considering investing in, and identify inflated numbers, misgivings, and other red flags that might otherwise be overlooked. It is always best to consult a qualified professional before making any sizeable investments or purchases.

Strategic Business Plans Development

A business plan is much more than a standard document you present to your local bank‚ is the foundation of your business. Think of it as a blueprint that outlines your company's objective, products, and services, and highlights the financial health and risks associated with your entity.

If crafted thoughtfully and strategically, a sound business plan provides your company with a clear sense of direction and purpose, and ensures that everyone involved is on the same track.

When is a strategic business plan necessary?

A strategic business plan is crucial if you are:

  • Starting a new venture
  • Launching a new product or service
  • Expanding a current organization or service
  • Buying a new business
  • Revitalizing a declining business

We will help you develop a solid business plan, which, in turn, will enable us to provide you with reliable financial projections. This financial plan will include projected startup costs, operating costs, revenue, profits, losses, and a break-even analysis.