Small Business Consulting Services in NYC, NJ & CT

We undertake an in-depth review and analysis of your business concept to ensure that it passes the “smell test.” Is there a market for your product or service? Who is your customer base comprised of? Is your product or service appropriately priced relative to the competition? Who is your competition and what are their strengths? 

These are only a few of the questions that need to be addressed in the beginning. We help you focus on these questions and many others to help ensure your success. In essence, we act as your sounding board to help you address questions that you may not have thought of or you do not think are important but in reality can make or break your business. 

The type of entity that you select has a major impact upon your tax situation: 

1. Should I operate as a sole proprietorship, Reg C corporation, Subchapter S corporation, or a partnership and what are the advantages and disadvantages of each type of entity?
2. How does the type of entity impact the taxes that I will pay?
3. How does the entity have to be maintained on an annual basis and what tax returns need to be filed on a quarterly and annual basis.

We can form your entity, procure your employer identification number from the Internal Revenue Service, and register the entity with appropriate State taxing authorities. 

We can also refer you to attorneys who can help you address the legal aspects of business formation such as preparing operating agreements, partnership agreements, and articles of organization.

 Companies often find that they cannot grow quickly enough through internal avenues and, accordingly, they seek to grow via acquisition i.e. acquiring other businesses on the open market. This is an area where you cannot afford to make a mistake due the the large amount of money at risk.  We also appreciate the importance of confidentiality so that suppliers, employees and competitors do not learn of the acquisition in advance of consummation of the transaction. 

Brad Palmer, Managing Member of Plutus Advisers LLC has extensive experience in the area of M & A consulting via his prior activities as a business broker as well as his prior employment as Chief Financial Officer for a multi million dollar division of a British conglomerate. 

In the M & A area, we can provide assistance in helping you define your acquisition goals along with helping you locate suitable target candidates. Additionally, we can:

• Provide valuation services to ascertain an appropriate price for the target candidate.
•  Negotiate terms of the deal including but not limited to price, capital structure configuration, continuation of employment of senior management and shareholders, seller financing terms,  non compete agreements, negotiate non binding letters of intent, and any other service related to a successful acquisition.

  You are going to need an accounting system along with accounting and tax compliance services; Brad Palmer LLC, a separate part of Plutus Advisers LLC is a full service accounting firm capable of providing bookkeeping, employee training,  accounting tax advisory and compliance services, and consulting services.

When you are ready to hire internal accounting personnel, Brad Palmer, CPA can provide invaluable assistance in locating, interviewing and evaluating prospective employees.  He can evaluate prospective accounting and financial staff to determine the level of skill and competency possessed by them to determine if they are suitable for your needs.  In certain cases, we employ a private detective agency to ascertain honesty and integrity that goes far beyond the standard reference check. 

Let up help you navigate the SBA labyrinth. No, it’s not as difficult as you may have been led to believe. Please see our blog post entitled “The Small Business Administration”. 

Most aspiring entrepreneurs have the misguided idea that since they do not have the capital, they cannot become entrepreneurs.  

But in reality, lack of capital is the easiest obstacle to overcome in becoming an entrepreneur assuming that:

1. You have a strong background in the industry that you plan on going into.

2. You have managerial ability and you can convince prospective lenders and equity investors of this.

3. You have good sales and presentation skills.

4. You  have a well thought out and well written business plan. In other words, you are a real businessperson.

In  fact, most successful entrepreneurs use as little of their own capital as possible. Sources of capital, other than your own pocket, range from friends and family, standard bank loans, loans  arranged through the Small Business Administration, and equity capital; it is now possible to arrange equity capital online via a variety of crowdfunding sites. Just do a Google search for "crowdfunding" or “raise capital online.”  Be sure to retain a securities attorney prior to raising equity capital online.

Let Plutus Advisers, LLC help you design your capital structure between debt, equity and hybrid vehicles so as to help ensure your success.   

We can also prepare all SBA loan application documents including but not limited to personal financial statements, the required business plan, financial statements if you are buying an existing business, and the resumes of the prospective buyers. 

  Please free to inquire as to what other services we can provide or can refer you to. 

  Plutus Advisers, LLC is sensitive to the fact that new businesses are often cash constrained. Because of this, we work with clients as much as possible to ensure that our services are affordable. We can be retained on an hourly basis or a project basis. The greater the number of hours purchased, the lower the hourly rate. We accept all major credit cards, and in certain cases we provide no interest financing as well as accepting an equity stake in the business. Please feel free to contact us for a free one hour evaluation of your needs and requirements to determine if our services are of value to you.    

We look forward to speaking with you and letting you know how our services can empower your entrepreneurial success.