About Us

Overview

Mission                    

Helping business owners understand and more efficiently manage their financial planning, and minimize their financial administrative costs, by providing professional financial expertise and analysis through outsourcing.

 

The Rationale

A virtual CFO (Chief Financial Officer) is an investment in the growth of your company.  Unlike a standard accountant that oversees your data entry and monthly reports, your CFO is a key member of your strategy team.  He or she has a single focus:  make your organization more valuable to all shareholders.  In other words, increase the return on your business.  In the end, this means more cash, more profit, and more opportunity throughout your organization. They do this by forecasting cash, optimizing cost centers, managing corporate capital accounts, and other high-value processes.

LM CFO Partners is focused entirely on providing outsourced financial reporting, accounting and bookkeeping services to small and mid-size firms, as well as family office CFO services including bill pay. The range of responsibilities include CFO-level administrative and advisory, Controller-level activities, as well as accounting, and bookkeeping functions. Specific services encompass financial systems oversight, budget to actual reporting, revenue and expense projections and analysis, cash management and profitability analysis, internal controls, financial risk planning, and financial advisory.

 

How we work with you 

With more than forty-years of accounting and financial planning experience, the LM CFO Partners team works with business owners and executives to formulate an outsourced financial planning and administration structure, based on key performance indicators and dash-boarding, that is tailored to the specific needs of the company. We pay particular attention to helping business owners understand what their company’s monthly figures are telling them, to allow them to take actionable measures to improve performance. We start by conducting a collaborative analysis of your needs and provide a set of recommendations, rooted in our experience as accountants and financial systems experts, which are what we jointly understand to be your firm’s goals. We then help establish roles and responsibilities, set timelines, establish a progress-toward-goals reporting arrangement, and maintain an open and consistent avenue of communications with your firm’s leadership. 

Today, businesses are frequently utilizing outsourced CFO services to save resources and streamline their operations. LM CFO Partners can provide you with the benefits of a full-time controller or CFO without the full-time expense. Experienced, high-level professionals provide the financial insights you need to meet the challenges you face.

Every business needs the guidance of someone who understands business finance but does not have a large budget for a full-time CFO salary. We provide you with experienced CFO-level talent on an outsourced, part-time basis at a fraction of the cost of an employee. We can provide assistance with budgeting and cost analysis, developing policies and procedures, and other services to help you reach your goals, while freeing you to focus on managing your business. You gain advantages such as:

Improved company focus on revenue generation and profitability

Cost efficiency

Internal resources freed for other purposes

Faster and more accurate processing

A readily available sounding board to help you with those tough business decisions and help you clarify your business plan

A professional who establishes strong financial controls in your business to reduce employee theft and increase profits

Outsourced CFO services include:

  • Key performance indicators
  • Financial analysis and reporting
  • Forecasting
  • Expense reduction
  • Tax saving strategies
  • Cash flow planning and analysis
  • Risk management
  • IT strategy
  • Succession planning
  • Profit analysis and improvement
  • Budget preparation and monitoring
  • Cash management
  • Liaison with bankers, attorneys, vendors, insurance agents, etc.

The Scope of our Services

We provide you with the flexibility to select the services required depending on your needs. We understand your needs differ depending on:

The sophistication of your systems and processes

Your stage in the business life cycle

The skills and experience of your team

We will work with you to create a service plan that meets your current and future needs of your business. You select the services that you require from a base list and we customize an approach that suits your needs.

Our Team

Lee M. Cohen, CPA Managing Partner

Lee M. Cohen is the founder and Managing Partner of L.M. Cohen & Company, the New York City-based audit, tax and advisory firm he started in 2010. In Lee’s 25-year career he has gained extensive corporate accounting experience across many industries including wholesale, real estate, and high net worth individuals. He entered the accounting firm world in 1999 with a mid-size firm and was responsible for the successful opening and growth of its New York City office. He later joined another mid-sized New York City firm as a lead partner, before starting L.M. Cohen & Company.  Lee has overseen the growth of the company to where today it enjoys a reputation as one the leading boutique accounting firms in the greater New York.  In addition to his role as Managing Partner, where he sets the strategic direction of the firm, Lee has a passion for collaboratively working with clients to help their businesses grow.  Lee’s professional experience also includes the oversight of financial statement preparation, corporate, state and local, and personal income tax preparation and general business advisor. Lee is a graduate of NYU receiving his Bachelor of Science degree in Accounting. He is a member of both the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).

Moussa Hasbani, CPA Managing Director

With more than a decade of accounting and financial administrative experience, Moussa Hasbani is an acknowledged expert in the preparation of financial statements, business plan analysis, systems and consulting, with significant background in developing and implementing procedures for financial reporting and internal controls.   He has extensive experience across a wide range of industries including financial services, real estate and apparel. Moussa has extensive public and private sector accounting experience, and has brought this background and dedication to customer service to the formulation of LM CFO Partners. Moussa received both his Bachelor of Science in Finance and Masters degree in Accounting from Baruch College. Moussa is also a successful entrepreneur and business owner in the retail industry. He is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). He is a board member of two not-for-profit organizations, and is a frequent blogger and thought leader on the development of financial outsourcing.