Things you need to know if you are launching your own Technology Company.

Things you need to know if you are launching your own Technology Company.

Launching a Technology company? Things you need to know if you are launching your own Technology Company.

a) Company entity type

Software development companies are most likely to acquire or be acquired, get an investor on board or sell equity to find the right leadership team. Forming a Limited Liability company is easier to manage is ambitions are for big. The choice of entity is vital for the company’s growth as a change later could have serious tax implications on the company and affect how it’s perceived by investors, staff and customers.

Finance Functions that you can effectively outsource

Finance function outsourcing

An effective way to focus on growing your software/technology business is to turn over your company’s finance functions to a trusted outsourcing partner at a reduced cost. A virtual finance department might be the most important step you take in cutting down costs in your business. Outsourced finance departments can supply companies with a higher quality and quantity of work at less of the cost. Technology supports both parties – the business and the outsourcing agency – with powerful communication tools.