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A guide to business ownership

E-BOOK | January 17, 2023

Authored by RSM US LLP

Throughout the business life cycle, certain challenges, opportunities and solutions commonly arise. But the stages are not always linear and certainly are not rigid. A company can revert to a previous stage by design, poor planning or happenstance. It can also straddle multiple stages simultaneously while grappling with transition points.

Business owners can learn from the experiences of others to manage their own organization, plan for its future and build their personal wealth. The following descriptions of stages of the business life cycle are based on experiences of RSM clients. Details of companies, their owners and their business issues are representative examples that depict a road map of the life cycle.

By fully understanding each stage, a business owner will be better prepared to embark on their own journey to success.

RSM’s experienced business owner tax advisors understand the business lifecycle from startup to business transition. We can point out potential blind spots, provide tips and lay out the best tax strategies to help ensure success.

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This article was written by RSM US LLP and originally appeared on 2023-01-17.
2022 RSM US LLP. All rights reserved.

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HMA CPA is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.

Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise and technical resources.

For more information on how HMA CPA can assist you, please call (509) 455-8173.