
Advice in accounting issues
Assistance for entrepreneurs or companies when setting up a new business A project is an adventure, so it implies risks. The entrepreneur who is able to inform himself, to prepare, to respect some rules - to be trained by surrounding himself with good advice - increases his chances of seeing his business grow. If you want to set up a new business, build your project on sound values: your experience, your training, your skills, your potential partners or helpers. To plan your project is to clearly define the different steps: identification of your product, organization of your business taking into account the market, establishment of a business plan (also called business plan). The Business Plan allows the entrepreneur to: • organize his business idea, • highlight its different strengths, • value his need to start a business, • present his project to potential investors or bankers, as part of the financing of the creation of the new business. With the business plan, investors will know: • the specificity of the project and the sector of activity of the company, • the financial projection of the project, • what the investment will bring to the project. The chosen legal status should correspond to the project. The legal status of a company is the legal framework that allows an entrepreneur to do business legally. It is important to choose the form of company which suits the project: SA, SPRL, SCRL, SCS, SCRI, ASBL, etc. It is always possible to start with a small legal structure and to make it evolve according to the development of activities. In summary: Getting advice during the first phase of setting up a new business is essential to carry out its business project properly. • Market research • Business plan • Choice of legal status • Looking for funding • Installation of the company • Formalities around the creation of a new company etc.	Advice on social issues Welfare matters, in permanent evolution, have ended up as a real labyrinth, the components of which, furthermore, undergo constant change. In addition, there are rules that have to be observed in respect of employer/employee relations, the social security field and the obligations imposed by the ONSS and by the Mutual Societies, the declarations to be made, the withholdings to be deducted, the premiums to be paid, the documents, certificates to be delivered, the affiliations to be made, the exact due dates that have to be taken into account under the threat of often heavy and restricting penalties. The FF TAX AND LEGAL ADVISERS is able to provide accurate information, practical advice and all the requisite assistance about the above mentioned procedures, while taking international labour conventions into account. Advice on corporate and financial management Observation of business life shows that it is mainly errors of administration, organisation and management that can lead companies to inextricable difficulties. This is certainly true concerning the organisation of accounts departments, but also for other company departments or indeed when it is a matter of redressing an overall situation. Is there too much or too few staff? Should we not reorganise to combine certain departments? Wouldn’t it be preferable to entrust certain tasks to subcontractors? To get through a difficult period, wouldn’t it be better to use time? Isn’t it important to diversify activities? How? The FF TAX AND LEGAL ADVISERS approaches businesses from the outside with a new, objective and creative angle.	Elaboration of Financial Plan, company constitution, credits Every company founder is required to submit a “Financial Plan” to the officiating notary, in which the amount of capital of the company to be constituted is justified. This plan ideally consists of an income statement, cash flow projections, and a detailed balance sheet forecast over two or three years. Its justification is to be found in a multitude of elements, going from the pursued objectives and the corporate organisation chart to the characteristics of the expected markets and the existing competition by way of the pros and cons of the products and services to be supplied and the strengths and weaknesses of the human resources employed. The tax experts of the FF TAX AND LEGAL ADVISERS assist company founders in collecting the vast and necessary data and in presenting it in the requisite form. o But also... • Identification with the BCE (the Belgian Crossroads Bank for Enterprises) • Affiliation with a Social Insurance Fund • VAT identification • Annual Statement of Accounts • Publication of the balance sheet in the National Bank of Belgium • Registration of accounting documents • Periodic reporting • Participation and preparation of ordinary and extraordinary general meetings