Established in 1985 Yevs and Co. Ltd. has developed a strong reputation for high quality services in the areas of Accounting, Taxation, Financial services
Q1, How Do I Get Finance To Grow My Business?
A. Basically there are two forms of business financing i.e. Debt or Equity. Debt refers to borrowing money. The loans may come from family, friends, banks, other financial institutions or professional investors. Equity relates to selling an ownership interest in your business which can take many forms such as the admitting of a partner or, if you are in a company, issuing of additional shares to investors. As there are many legal implications to such a step it is a wise idea to consult Yevs & Co to assist you to make the right decision.
Q2 What Is A Business Plan?
A. Is a written document that describes a business, its objectives, strategies, market and customers, expenditures and finances forecast required to carry out the identified business over a specific period of time. A Bank or a potential lender will need a Business Plan to know all about you and your proposed venture. It also enables the investor to readily obtain an understanding of your proposal. Consequently in order to
successfully raise financial support, the business plan should be commercial and realistic. Yevs & Co has experience in writing business plans and can assist you in the effective drafting of your plan.
Q3 Am I Require By Law to have an Insurance Policy?
A. The insurance cover required by law is employers’ liability and third party motor insurance. However you must be aware that the terms of your building, office lease or mortgage may require you to carry certain kinds of insurance cover in specified minimum amounts. If you have leased equipment or have borrowed money from a bank or other lenders, there will usually be insurance requirements in the agreement relating to these transactions.
There are many other types of policies that you may wish to consider. Specific cover is provided by each policy and a qualified insurance broker can explain the related costs in-depth. Before buying cover you must ensure that the Financial Services Authority has approved the broker and that the insurance company that is being quoted is financially stable. Also as each business is different with individual requirements and in view of the ever-changing legislation and insurance markets, you should always consult with a qualified insurance broker for advice. Yevs & Co can introduce you to a Personal Insurance Broker, if required.