{"id":210,"date":"2016-02-02T16:37:52","date_gmt":"2016-02-02T16:37:52","guid":{"rendered":"http:\/\/cpamorey.com\/blog\/?p=210"},"modified":"2016-02-02T16:37:52","modified_gmt":"2016-02-02T16:37:52","slug":"office-space-decisions-for-small-business-owner","status":"publish","type":"post","link":"https:\/\/cpamorey.com\/blog\/office-space-decisions-for-small-business-owner\/","title":{"rendered":"Office Space Decisions for Small Business Owner"},"content":{"rendered":"<p><a href=\"http:\/\/cpamorey.com\/blog\/wp-content\/uploads\/2016\/02\/Office-Space.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-medium wp-image-211\" src=\"http:\/\/cpamorey.com\/blog\/wp-content\/uploads\/2016\/02\/Office-Space-300x174.png\" alt=\"Office Space\" width=\"300\" height=\"174\" \/><\/a>Buy or lease?<\/p>\n<p>It\u2019s a decision many Orange County\u00a0businesses face. Owning real estate certainly can have advantages, including the opportunity to build equity. But many small businesses in need of space choose the rental route instead.<\/p>\n<p><strong>Cash Flow Considerations<\/strong><\/p>\n<p>By leasing, a company can avoid taking on debt to acquire a property. Less debt on the balance sheet may allow the company to finance <em>other<\/em> things, such as receivables or inventory and equipment purchases. And the upfront cash commitment needed to enter a lease agreement may be much lower than the down payment required for a property purchase.<\/p>\n<p><strong>Shopping Tips<\/strong><\/p>\n<p>If your business is looking around for the right rental location, here are a few suggestions to keep in mind. Not all of these tips are appropriate for all businesses, but some may help you get a lead on a good spot \u2014 and a good deal.<\/p>\n<ul>\n<li><strong>Find an eager landlord.<\/strong> Rental spots that have been on the market for a while could have some negative features, but they <em>may<\/em> be worth a look. If you find a location that suits you, you might also find a landlord who is anxious to negotiate.<\/li>\n<li><strong>Think about the term.<\/strong> A long-term lease locks in your rental rate \u2014 and that can be an advantage if you expect the market to trend upward. But leasing for short periods is often less expensive than leasing for longer periods. If your business is in its formative years, significant changes may lie ahead, so a short-term arrangement could be more practical, too. Adding an \u201coption to renew\u201d clause can help keep your costs down and your options open.<\/li>\n<li><strong>Divide and conquer. <\/strong>Could you make do with two smaller spaces instead of one large space? The more flexible you can be, the better your chances of finding a good deal.<\/li>\n<li><strong>Check rental comps. <\/strong>Commercial property markets can be very localized. Rents may vary considerably between one locality and another just a few miles away. Unless you\u2019re limited to a specific location, compare rates in several areas.<\/li>\n<\/ul>\n<p>At Morey &amp; Associates, we help many of our small business clients with the office space decision and help them lower their overall taxes. \u00a0If you are struggling with this decision, simply call <strong>949-759-5626<\/strong> and ask for <strong>Jerry Morey<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Morey &amp; Associates works with all types of small businesses throughout <a title=\"CPA Accountants - Orange County CA\" href=\"http:\/\/www.cpamorey.com\/\" target=\"_blank\">Orange County<\/a> to minimize their taxes legally. \u00a0We provide additional expertise in <a title=\"Real Estate CPA Accounting Firm\" href=\"http:\/\/www.realestatecpafirm.com\/index.htm\" target=\"_blank\">real estate accounting<\/a>, <a title=\"Dental Practice CPA Accounting firm\" href=\"http:\/\/www.doctorscpafirm.com\/\" target=\"_blank\">dental practice accounting<\/a> and <a title=\"High Net Worth Accounting and Tax \" href=\"http:\/\/www.cpamorey.com\/high-net-worth-wealth-management.htm\" target=\"_blank\">high net worth accounting<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buy or lease? It\u2019s a decision many Orange County\u00a0businesses face. Owning real estate certainly can have advantages, including the opportunity to build equity. But many small businesses in need of space choose the rental route instead. Cash Flow Considerations By leasing, a company can avoid taking on debt to acquire a property. Less debt on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts\/210"}],"collection":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/comments?post=210"}],"version-history":[{"count":1,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts\/210\/revisions"}],"predecessor-version":[{"id":212,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/posts\/210\/revisions\/212"}],"wp:attachment":[{"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/media?parent=210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/categories?post=210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpamorey.com\/blog\/wp-json\/wp\/v2\/tags?post=210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}