Frequently Asked Questions About Business Management Companies

by Matt Solis

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Q: What do business management companies do?
A: Business management companies are services that take on responsibilities for local companies, relieving them of tasks the businesses may not have the expertise, time, or staffing to do. Most business management services provide financial and bookkeeping assistance, paperwork and legal document filing, and other services that allow business owners to focus on the parts of their businesses they most enjoy while leaving the technical or other details to an outside professional. Some business management contractors work in-house, while most perform duties remotely. Additionally, some can be contracted for a certain number of hours or an entire project while other companies provide a la carte services providing specific services companies need only when they require them.

Q: Will my business management service work in my office or from their own offices?
A: That depends on the company you contract with and the nature of the work they’re doing for you. In some cases, it makes sense for them to work from your business location. This is especially true if they’re providing business management services related to HR, personnel, management, leadership, and other tasks that require them to interface with company employees. However most business management services like paperwork, tax filing, financial books, Mechanics liens and preliminary notices, payroll, and other documentation services can be done remotely. Talk with your local business management firms about whether or not they can work remotely or if they’ll want to be on-site while working for your company. 

Q: Can I hire outside business managers for a few tasks as needed, or do I need a contract for specific services and hours?
A: Many business management companies work on an as-needed basis, providing the services their clients need when they need them. That may be paperwork filing once a week or annually as it’s needed rather than regular services such as payroll or financial book reviews.

Q: Will I get to work with the same business manager each time?
A: That depends on how the company you’re partnering with is structured. Some companies are smaller boutique services that have just a few employees who handle all customer needs. Others are large firms with several professionals working in each area of service they provide. Talk with the business management services near you to find out about their structure and whether they can guarantee you’ll have access to the same staff members for your tasks. If you like working with a specific staff member, ask if you can request that person for your jobs.

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