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Financials and Funding (Lavorato, Webinar)
August 27, 2020 @ 3:00 pm - 5:00 pm EDTFree
Do you feel like you and your financial team speak different languages?
This workshop focuses on the basics of accounting and financial analysis for a start-up or existing small business. You will get an overview of Profit & Loss Statements and Balance Sheets and the analysis and preparation of each.
- Key financial terms such as: Revenue, Cost of Goods Sold, Gross Margin, General, Sales, and Administrative Expenses, Net Income Before Tax, Net Income After Tax.
- The pros and cons of each type of business structure (Sole Proprietorship, Partnership, LLC, Sub S, C Corp), registration of each with State and Federal authorities, and the accounting and tax requirements of each.
- What can be classified as a valid business expense and how to account for income and expense items.
- How to fund your business and available sources of funding. Workshop will include group participation.
This workshop is a MUST for anyone owning or planning to open a business or nonprofit and will include group participation!