Financial and Capitalization Planning

Creating a proper capitalization strategy requires an understanding of your business activities, finances, investment potential, all costs, and knowledge of appropriate sources of funding.

The current economic conditions and your management skills also influence your company's need for capital. The recent prolonged economic downturn has reduced sales & profits for many entrepreneurs, forcing business owners to scale back operations, cut their own salaries, and extend payment cycles.

Once you understand your business' activities that need financing, you can then develop an annual budget and estimate your capital requirements. Vertex can help with this exercise. Many experts recommend a worst-case, realistic, and best-case scenario planning. This three-fold approach may decrease your likelihood of underestimating your capital requirements, running out of money, or passing up potential opportunities.

After comprehending your capital needs, you are in a better position to put together a realistic finance plan to seek capital funding and help your financier fully understanding your tactics & strategies. Vertex has successfully put together many financial plans to maximize your company's potential.

Accounting Set-up and Mentoring

Vertex can set up accounting systems to bring order to your company chaos. We handle all the accounting details and get your books done real-time. We will set custom operating reports, identifying the proper metrics so that you can keep an eye on your business to make the important decisions that will increase profits and make your life easier. We can support it all: Accounts Payable, Accounts Receivable, Banking as well as maintaining Payroll, Prepare Bank Reconciliations, properly document Credit Card Purchases, General Ledger, etc.

We also offer monthly payroll service. We can process your payroll monthly, bi-weekly, or weekly, complete & process your quarterly 941, state wage reports as well as complete and process your year-end W-2s, 940s, W-2s, and 1099s reports. We can also set-up your Unemployment & Worker's Compensation Reports.

Strategic Bankruptcy

Bankruptcy should always be utilized as a last resort after everything else has been attempted. That said, it can be utilized properly if you have a realistic turnaround strategy.

There are ways to stop foreclosure, sale and eviction dead in its tracks. One way is to file bankruptcy under Chapter 13 which is the opportunity for debtors to reorganize their payments with creditors. An automatic stay goes into effect immediately upon filing with the Bankruptcy Court and creditors need to stop collections.

However, the payments include fees to the Court and Trustee which exceeds 10% of what you pay into the Court for the benefit of your creditors, so since you are strapped for cash it further impedes your ability to work out a realistic plan.

Also for secured debts like mortgages, the lender can petition the Bankruptcy court to lift the automatic stay.

Knowing when to use a bankruptcy strategy can be when the right circumstances lineup. With the vast experience we have seen in the recent economic times, we can possibly buy time to implement your business turnaround.