QUESTIONS TO ASK YOUR CPA ABOUT ORGANIZATION AND MANAGEMENT
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Should I
structure my business as a corporation, a partnership or a
proprietorship? What are the relative advantages and
disadvantages? What is an "S
corporation"? How does it differ from a "regular"
corporation? What kind of
people should I ask to join my board of directors? How often
should I hold board meetings and how should they be
structured? When I need
larger quarters for my manufacturing/warehousing/office
operations, how should I acquire the space? Should I buy or
lease? What kinds of
questions should I ask when I negotiate my
lease? If I buy a
commercial property should I put it in my name, my spouse's
name, my children's name or my company's name? What are the
relative advantages and drawbacks of each
approach? Is it a good
idea to hold management retreats? How should these sessions
be structured? When does a
business need a full-time controller? What background should
she/he have? Can you suggest guidelines for hiring the right
person? Can you help me to identify appropriate
candidates? When do I need
an internal audit function?