Contract Risk Management

Every business entity has to manage their own combination of risks in order to be successful. Memphis Consulting Group, LLC., understands the crucial role contractual risks have. 

We help businesses identify, assess, and prioritize such risks to ensure proper execution of contracts. The services we provide to combat possible liabilities include contract risk management and compliance.

Contract Risk Management Services:

We assist organizations and companies implement and monitor contracts they have with business partners. We focus on helping companies achieve their profit goals through assuring compliance by their partners and assessing the financial and regulatory impact of the material provisions of relevant agreements. Our services cover tax incentive agreements such as Payments-In-Lieu-of Taxes, software licensing inspections, and revenue-sharing inspections.

Compliance:

We collaborate with organizations, companies, and quasi-governmental entities to achieve and maintain their compliance objectives by addressing the documentation, design, implementation, and maintenance of comprehensive compliance management systems. As a result, we help agencies achieve their transparency and economic development goals.

Let Us Help:

Shoring Up Tax Debt During Inflation

A little thing called inflation has been plastered all over the news cycle for the last few months now... and it’s taking its toll on Greater Memphis people. And to add to the difficulty of stretching those hard-earned dollars… increasing interest rates, rising...

Jonathan Nyaku’s C Corp Pros and Cons

Before I dive into discussing the pros and cons of a C corp, I briefly want to touch on some other things relevant to you as a Greater Memphis small business owner.Recession. The threat of it hangs in the air like a midwest thunderstorm. And as you anticipate it,...

Changing Your Greater Memphis Business Structure – A Savings Opportunity?

Prepare, prepare, prepare. As a recession is bearing down on us all, figuring out how to prepare for economic downturns is something you should be concerned with in your Greater Memphis business. I know I am.Now, while you and I can’t prepare for every eventuality, we...

Vendor Negotiation Tips for Greater Memphis Business Owners

Is your hustle muscle feeling strong right now? I hope so because if your business is going to make it moving forward, it’s going to have to be – at least for somebody on your business team. This inflationary environment virtually demands it (as does a likely...

A Cutting Expenses How-to for Greater Memphis Businesses

As a small business owner, you’re battling on a lot of different fronts right now. You’re doing your best to keep employees happy, raise prices without driving away customers, pivot to alternative supply options as your current ones dry up, adjust for changing...

Chuck Norris Approved “Facts” About Jonathan Nyaku

We’re on the backstretch of summer post-Independence Day, doing our best to soak up the summer sun and long daylight hours.But also, we here at Team Memphis Consulting Group, LLC are ready to start revving up our work on behalf of our Greater Memphis clients … to help...

The Art of Raising Prices for Greater Memphis Small Businesses

The unfortunate reality of things right now is that businesses across the board might need to raise their prices. Inflation’s increasingly pervasive effects, as well as continued supply shortages, demand that pricing models change – or at least be...

Raises and Inflation: Greater Memphis Business Owners, Listen Up

Everywhere I turn there’s a Greater Memphis business with a “Now Hiring” sign in the window. Are you seeing this too? Staffing is an issue in every industry across the country. Part of that? Making money isn’t the only reason people want a job. 2020 certainly...

Two IRS Dirty Dozen Scams Greater Memphis Taxpayers Should Know

You might be surprised when I say that the IRS is partly designed to look out for the interests of Greater Memphis taxpayers. I admit it’s difficult to see that when they’re coming after you for one offense or another. And, one of their jobs is to keep you...

Memphis Consulting Group, LLC’s Fighting Inflation Series: Taking Out a Business Loan

Today I want to start a series on how small businesses like yours can fight inflation. Because I know that’s one of the top concerns for businesses across the country right now. But I’d also like to know…How’s your business faring? I’m genuinely interested in how...

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