Accounting Professionals Dedicated to the Success of Your Family Business

When you want to keep your family owned business in the family, there are a number of things you need to consider. These can be broken down into two basic categories. The people issues and the money issues. The people issues - who will be involved, who will control, who will manage, who has the necessary skills to do what you did? The money issues - on the death of a family member will the business have adequate cash flow, adequate resources to pay estate taxes, adequate operating capital while in transition, proper creditor relationships to keep the business going? Simply stated - what do you need to do to insure the success and continuity of the business when you want to or have to leave? We can help with training and creating a specific plan for transition. Murphy and Company has years of experience helping family businesses sort through the issues and create real working solutions.

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Four Money-Saving Mid-Year Financial Planning Tips

June 15, 2017

It’s almost exactly the mid-point of the year, which makes it prime time for a mid-year financial review. If you need some monetary motivation for evaluating your financial progress...

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Phone: 203.208.0572 • Fax: 203.208.2238
Email: info@murphycocpa.com