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The balance sheet is a financial statement that portrays the economic situation of enterprises in a given period. The analysis of this defines the relationship between assets, liabilities and equity of the business.This document is usually made at the end of the financial year of a company. However, it is feasible to create balances relating to more tightly contested lapses. The following functions of a balance sheet are to:1. Know the total value of assets, liabilities and equity of the firm.2. Identify the origin and use of assets, and evaluate management and repayment of debts incurred by the business.3. Facilitate the historical evaluation of corporate finance.4. Take timely decisions and avoid financial crisis.As anticipated above, the variables included in the balance sheet are:AssetsThese are basically the assets, rights and resources available to companies to generate future economic benefits.According to specialists in finance, assets can be classified into two groups:a) Fixed Assets. This subsection refers to the operational infrastructure of goods, which includes machinery, furniture, transportation equipment, technology and accumulated depreciation. It is also categorised as fixed assets to assets of temporal duration, such as raw materials.b) Current assets. These are fluid property i.e., or those that can be easily converted into money. In this category are receivables, bank accounts business, sales made on credit, potential investments to be sold, products in process, manufacturing, inventory and items under sale.LiabilitiesThese are the obligations of companies in a given cycle. Liabilities are divided into:a) Non-current liabilities. In this subcategory are located long term debts with financial institutions.b) Current liabilities. In this group are debt covenants signed with suppliers documented by invoices and taxes.The balance sheet is nothing more than the value of the business, after subtracting liabilities of the total assets of the company.To prepare the balance sheet, it is necessary to break down this information in two comparative columns (assets and non-current liabilities and current.)The next step is to add assets and compare this with total liabilities. The result of this comparison data reveals the assets of the business.

It`s always important you help to diagnose any financial problems with your new business and chart the path to its success. So, companies need a financial consultant to review their financial status to see what they have done well, what they have done wrong, what resources are available and, based on this, create the right strategies to achieve the objectives outlined.The beginning of 2015 is a good excuse to discuss your company and write down the result of this analysis, so that, throughout the year, you observe your financial developments and, if necessary, implement the necessary changes. But what must include this assessment? Below is the answer:- Review of previous goals. Before creating new purposes, know what goals you fulfilled in the previous year, which objectives were in the pipeline, what difficulties or obstacles on the road and find what you used strategies to meet your expectations. This represents an invaluable learning resource that should not be underestimated.- Planning of new goals. Based on the analysis described above, define the purposes that guide the actions your business. Determine which need to materialise and see if your business is financially prepared to meet them.- Prioritisation of needs. Think of your business requirements and determine which one requires urgent attention.- A look at security. Evaluate your policy; check your coverage, the insured amount, deductibles, and beneficiaries. If you're not convinced, explore the market and find the insurance that offers maximum protection at an affordable price.- Analysis and organisation of debts. Experts in corporate finance clearly recommend you to organise your debts. To do this takes into account payment terms, interest rates, minimum amounts, type of debt, and so on. It also reflects on the origin of your debts so that you avoid harmful financial practices.- Compliance with tax obligations. Did you have tax problems last year? Could you solve them? Prevent fines and other charges that may decapitalise you. Be focused so your mission will be clear what you pay, what you can deduct and when to declare.- Ability to invest. To meet the objectives of your business will need money. Define the capital available for investment and also the resources that cannot be touched.- Projected revenues and expenditures. Think of the fixed costs of your business and the money you intend to enter. It also reflects on extra income and unforeseen expenditures. The goal is to have control over the capital of your company and make timely responses to contingencies.Your Virtual Office London has helped many small businesses start up from across the globe. When you start a business it is important you take advantage of services such as a business consultant who may be able to see areas of growth, weaknesses and streamlining possibilities which could in turn help your business becoming more grounded and ultimately more profitable. A business is consultancy evolving and it can be alot to handle for some new start-ups.

Letting your business grow exponentially in certain periods is not a sure sign of continued development and this shouldn't also be a green light for you to spend money indiscriminately.In fact, every business, whether small, medium or large, should be careful with the economy of their business, whether you are in a boom period or not. It is a must for you to exercise control over the capital of your company, and keep it financially stable.Budgeting is cumbersome and unpleasant for many business leaders. However, it is a core task for companies like yours to maximise the capacity to develop and cope with economic contingencies that are beyond your control.The inherent discipline of creating a budget is key to your project. The budget is for all types of businesses. For a new business, budgeting is an economic platform that helps them avoid mistakes that can bury themselves hopelessly. For large corporate organisations, it represents a useful tool to distribute their capital strategically and to plan an expansion tool. It provides them the necessary discipline to avoid oversights.A basic need: Many think that the budget serves only to give you a starting address to a business and nothing else. This provision is necessary for businesses to raise new goals and achieve, especially when growth rates are above 30 or 40%.The budgets are drawn up each year, but should be tested monthly to know if capital has been allocated to the goals or, if appropriate, corrections made. This is called flexibility, a key feature in corporate survival.Get involved in the finances of your business. Do not let your dream destination be solely in the hands of accountants and lawyers. Naturally you do not possess the knowledge they have, but they are not experts in what you do. So what should you do? Learn a little of both issues and, above all, know what you're getting.Combining these two actions will ensure a healthy and fruitful relationship with money and legal specialists. If you are disciplined in economic terms, no one will stop you.

Corporations are organisations established to manage various businesses. They have different legal rights, accountabilities and obligations, apart from members of the corporate office. When a corporation's bylaws are approved, members incorporate them in the most constructive way to meet your business objective and financial interests.Although corporations establish residence in a specific place, they are allowed to locate the corporate offices of the organisation (headquarters where business and transactions of the day is done) in a different area. The leaders of a corporation are located in corporate and registered offices in different authorities due to a more developed and better chance of profit.

Corporate Offices

The corporate offices are where the organisation has its principle place of operation. These offices are generally known as the headquarters of the corporation. The leaders of the corporation such as supervisors, shareholders and the board of directors all work from and are based at these offices. Corporate personnel also work from these offices and seldom from the registered office of the corporation.

Registered Offices

The registered business address is the legal headquarters of the corporation, the place where the company has been formed. Individuals wishing to take legal action against a corporation must submit legal papers such as process notifications, news or demands of the registered office of the corporation. Employees do not usually do business from the registered offices of a corporation.

Crowdfunding - also called collective financing or collective microfinance is to get multiple small donations to raise money or other resources to finance projects.

Small but effective contributions

British rock group Marillion are usually considered as the pioneers of crowdfunding when in 1997, they were able to finance their first US tour with contributions from fans.So began massive funding appearing in the artistic environments, and thus was born the website Kickstarter, a web platform to fund creative projects. The widespread success of the Kickstarter crowdfunding concept is used today for many purposes, such as financing of political, social or charitable campaigns or to finance new businesses.After Kickstarter, other platforms have emerged as RocketHub , P2P Financial or Potlatch , specialising in social entrepreneurs.

Crowdfunding basically works like this:

1. The creator posts on one of the platforms all the information of the project, its aims and objectives of the funding.2. Contributions made by the public may correspond with different rewards: from a minimum contribution with a corresponding "thank you very much" through average contributions that report for the donor to be named. This goes up to a level of most important patronage that can be rewarded with more exclusive things like dinner with the creators, an exclusive edition or original work, etc.3. Only if the entire amount requested is collected, will the creator receive the money and keep the rewards.4. If the entire amount is not met, the project is postponed or cancelled, and the funds are not allocated to the project.At a time when everyone wonders how to fund your business plan, crowdfunding can be a good alternative. But even with a platform to publish your project, you cannot expect to have pouring donations coming in straight away. On the contrary, to be successful, it is very important to organise a system of diffusion in online and offline networks to publicise the project and the possibility of financing it.This form of financing is another example of how the network can collaborate and cooperate with other people and organisations to take forward projects. Another example would be the crowdsourcing (in which a function is outsourced to a community or group of people).

When one of the partners of a limited liability company dies, the other fellow members may take any of the following acts:If otherwise not stated in the partnership agreement, they should continue with one or more heirs of the deceased.If a term is established in the bylaws for any of the partners who could obtain shares of the deceased partner within the term, then partners may acquire these.The shares of the deceased partner who wishes to acquire these can be purchased by the commercial value of these at death.The company will continue with one or more heirs of the deceased partner, unless otherwise specified. However, the bylaws may provide that within those mentioned, one or more of the surviving partners are entitled to acquire shares of the deceased, the market value at the date of their death. If there is not a reached agreement on the price and payment, terms will be determined by experts appointed by the parties.If there are several partners involved who will acquire the shares, they will be distributed among them in proportion to those held in society.Keep in mind that when acquiring shares of the deceased by the other partners, it is necessary under the necessary provisions that the period provided in the bylaws is met, so that other members can acquire the shares.Make preparations for these kinds of events. The resolution of shares within a private business if one of the shareholders dies is a crucial problem that company directors and owners need to discuss and have correctly recognised. It is not the kind of thing that anguished families and co-directors should need to deal with after a death. There are lots of different possible provisions, which include:

• A previous arrangement that the shares can pass to specific people, such as the shareholder's spouse or children and so on.
• Pre-emption rights in support of current shareholders (or some of them)
• Measures to buy the deceased shareholder's interest, to make estimates on the valuation and possibly time to pay
• A cross-option contract. This is made amongst the shareholders for the sale and acquisition of a late shareholder's shares and also occasionally those of the family members too. This in tandem with life insurance policies to deliver the money that pays for the shares, should the situation arise.

If you found this article helpful you can read more insightful blog posts in our company formation blog section.

The life of an entrepreneur is full of choices, whose significance is palpable beyond the corporate universe. Driving your own business is the realisation of a dream that invariably has an impact on your personal instance.In fact, experts in entrepreneurship and business management say that creating a company that is able to grow and make an impact on the market, is a journey that begins with a dream and ends with success or failure. This depends on the acuity, sweat, self-criticism and conviction of an entrepreneur.Men and women in business have to face a host of challenges daily between which are: a needs assessment, identifying opportunities, exploiting these elements and, of course, decisions to be taken to solve problems. However, one of the main challenges facing all corporate leaders is self-analysis. The specialist in corporate psychology describes some characteristics of entrepreneurs, which, as a coin show two faces, will have one positive and one negative.Optimism, for example, can help you keep on fighting, but is also able to lead you to overestimate your power to predict the future and predict illogically promising scenarios.Confidence and conviction, which are essential aspects in any business personality, can quickly transform into presumption and apprehension, respectively.It can be helpful to split the business venture in three phases. Here we present them:1. Birth Sleep / Contemplation. At this stage, the future entrepreneur identifies a need that can be met with a business project. The way it detects that opportunity is unpredictable, the truth is that it becomes a thought in your head; is incubated and leads them to wonder what would happen if a business developed from it? Do you have what it takes to undertake it? Can you combine it with another activity?2. Preparation. At this stage, you should research absolutely everything that relates to your business idea from the target to its competition, not forgetting financing options. This is also a key moment of self-evaluation, because it is at this point that you should identify if the initiative is sound and feasible, and if you are really committed to it.3. Implementation. In this period, the theory turns into practice. It`s when you`re officially open for business and start to operate. Here you begin to have contact with the public and to demonstrate the real impact you can have on consumers.At this stage, self-criticism will help to find flaws or areas for improvement. It is all part of the daily challenges on the road to becoming a successful leader.This post was brought to you by Robert Carter, you can read more helpful blog articles here.

Inside and outside the Internet, people are exposed to thousands of advertising impacts. According recent studies, over 90% of domestic UK Internet users have seen an advertisement online. Other experts in digital marketing indicate that, on average, Brits received more than 3,000 daily advertising impacts, whose origin is traced to the efforts of hundreds of brands looking to capture our attention and transform them into customers.This work takes the form of advertising campaigns, which are a very important part of the overall communication strategy of companies. Marketers are defined as those strategically aligned to expose and promote attractive themes and messages with a double intention: to inform and persuade consumers.

The question is: how is an advertising campaign built?

There are multiple positions on the matter. However, you might find some essential points in all advertising campaigns that seek to gravitate to the public, which is equal to forging a lasting relationship between brands and users.

Would you like to know the steps?

1. Evaluate your brand. A successful advertising campaign is not only concerned with spreading the qualities of a particular deal, but also with clearly expressing the personality and brand. Therefore, before creating a campaign, you must ensure that the message associated with your product reflects not only the virtues of it, but the qualities and the daily life of the company.2. Defining objectives. Basically it comes to you to clarify what the reason is that underlines the development of the campaign. You can strengthen your brand in the minds of users, attract new customers, promote actions and so on. This is important because you will need to create specific and related purposes towards your market.3. Creativity. After defining the advertising goals, you must work on the strategy that lets you meet them. In short, you must implement actions that will help you realise the goals.To design the plan of action, experts say you should ask yourself several questions: What's different about my offer to others? What audiences should be directed by my campaign? What elements should I include in the message of my campaign for maximum impact? What means do I need for that message to reach the right people?4. Prospecting impact. It's easy to say that your ad campaign has to benefit your business. However, you have to project how this work will affect communication in your sales and your income. This kind of survey allows you to make a more detailed and effective evaluation of results.5. Final Analysis. Once you have completed the above aspects, you need to take another look at the work done, with the aim of finding errors that may alter the plotted course to the campaign before its launch.

Whenever the calendar welcomes a new year, it also welcomes a number of purposes and desires that people seek to meet. 2015 is no exception and, as such, will witness a host of changes in routines of individuals who try to suppress some habits and implement new practices in order to achieve their successes.The business world is no exception to these transformative dynamics; In fact, experts in business management say it is essential that corporate leaders implement actions to renew their vigour and enable them to meet the challenges of a new cycle with the five senses on alert.

Want to know some of these practices and apply them in your daily events? Then check out the following notes:

1. Relax. Stress is present at all times, even when you wake up. If you are enslaved by phone or alarm clock, and the first thing you do is get up to turn it off after a hurry and go for a cup of coffee, then you're not forcing your body to react in moments without any preparation. That is harmful to your body, so take a few minutes to open your eyes and stretch first thing.2. Do not waste valuable time with your phone. Upon awakening or at bedtime, the worst thing you can do is to succumb to the temptation of your smartphone. Thinking of your apps or Social Media at that time only will produce additional stress. When you go to sleep, try to leave your phone in another room and, at dawn, worry about breakfast or stretch before interacting with technology. This will allow you to conserve valuable energy to focus on your business projects.3. Hydrate. In 2015, reduce your coffee consumption and increase water intake. Drinking water is critical to maintaining processes and to rehydrate your body after hours of sleep.4. Eat breakfast properly. One of the keys to having a successful day in business is food. Breakfast is the basis of a system of healthy living. If you do not eat protein and carbohydrates in the morning, your metabolism will hurt your digestive system and will lack energy to support the work. Therefore occupational health experts recommend you prepare a good breakfast (which mixes all food groups) to start the day.5. Get active physically. There`s no need to run 10 km when you wake, but it is important to activate your body with a short walk. This practice will enliven your senses and prepare your muscles to move throughout the day.6. Avoid unexpected stresses in the morning. If you do not want to be in a rush before embarking on a new day, know in advance and organise yourself the night before. Before going to bed, ready your clothes and work belongings to perform the next day`s activities. In this way, you will cut off the road to unnecessary pressure.This article was brought to you by Your Virtual Office London, you can read more insightful posts in our business blog.

A company that wants to succeed, regardless of size, must be kept current and know what is happening around them to understand how changes in their environment can affect it. It's important for business men and women to watch for corporate trends of 2015, which represent invaluable information to develop their brand.

Here we present a few of this year's trends:

1. The incursion of generation Z. The business world will be permeated by those of 20 or 21 years, members of the so-called Generation Z. These begin to transcend the world of work with Generation Y (Millennials). The difference between them is that the percentage of those born after 1993 (55%) show the conviction of creating their own businesses and create jobs.2. Promotion of creative enterprises. With the addition of generation Z's businesses, supporting innovative projects and creative businesses will be a trend worthy of consideration. The "Z`s" show a greater willingness to take risks, so it is not surprising that they love the funding model "crowdfunding".3. Failure has established itself as a source of learning. Business conditions are continually transformed and corporate leaders have to adapt to them to remain standing. Failure is part of that process and, as such, should not cause embarrassment, but to become an uplifting experience - even an honourable one. This thought permeates the corporate universe this 2015.4. Mobility. Technology will trend in 2015, especially the mobile variety. With corporate members of the Z generation, the mobile phenomenon will accentuate its impact on the world, concentrating on portable devices to perform any type of action. This is not just to talk about searches, entertainment or payments, but to manage the operation of thousands of objects remotely.5. Shared mentality. There will be an increase in willingness to share, collaborate and even transform to some extent, trade relations. The propensity to rent instead of buying products will become apparent in the New Year.6. Protection of privacy. Young people will act more cautiously in providing information to businesses and to manage social media. Your goal will be to keep their privacy safe.7. Unprecedented Experiences. More and more people, especially those associated with the Z generation, look to get rid of the monotony and everyday stress experiences in a creative and extravagant way. This requires companies to design strategies with a dual approach, i.e. to create mechanisms to provide such customers with shopping experiences and memorable services, as well as best serving this age group to staff working conditions.8. Geographical mobility. Newcomers to the business sphere will show their desire to grow professionally, not only locally, but in the international environment. This will be a growing trend as many young people search far afield for work or to undertake corporate projects.