Bill King
Experts Episode
Accounting: What you need to know, with Bill King
Accounting is a non-negotiable factor for every business. But it doesn’t have to be so scary (or dull). Join us in this episode of the Franchise Scout as I sit down with Bill King, CPA, CA, and partner in the BDO Canada Vancouver office. We cover a lot of ground to help you better understand what you will need to learn throughout your investigation.
We start with ways to eliminate fears associated with the financial part of franchise ownership. Other topics include:
- Building accurate financial forecasting in your investigation
- Borrowing for your business and how to prepare for the banks
- The what, how, and when of your corporate entity
- Business and personal tax matters
- Capital gains exemption
- Intergenerational wealth transfer and succession planning
- Technology in accounting
- Picking the right accountant
Somehow, we managed to make a pretty engaging episode about a potentially dry topic.
About our guest:
Bill King
Assurance Services Partner
Bill King is an Assurance Services partner in the Vancouver office of BDO Canada. He focuses primarily on small and mid-sized owner-managed businesses. With extensive experience with franchisees—ranging from first-time, single-unit investors up to multi-unit owner groups—Bill can certainly help you out.
In addition to franchising, Bill’s industry experience includes architecture and engineering firms, doctor and lawyer practices, and high tech.
About your host:
Grant Bullington
I’ve been helping people explore franchise opportunities for over 15 years. While the industry continues to evolve, one thing remains constant: prospective franchise owners have a lot of questions. And without getting answers and education, dreams of business ownership remain unfulfilled. My goal as your host is to help you get closer to your ideal franchise – step by step, topic by topic. I love hearing peoples’ franchise success stories – you’re my inspiration for the Franchise Scout and hope this podcast helps you to have your story to share. Thanks for listening, Grant.
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