Outsourced Chief Financial Officer (CFO) and controller services for startups, and small-to-medium-sized businesses. Hire a professional accountant to keep your numbers accurate and up-to-date, for periodic reports of financial performance, and for forward-looking-cash-flow forecasts so you can continue to invest in revenue generating activities without running out of capital too soon.
Setting up a chart of accounts, daily transaction processing, running payroll, A/R, A/P, accrual-based adjusting entries, depreciation schedules and fixed-asset ledgers, loan amortizations, and keeping an up-to-date estimate of tax liability are a few of the most important aspects of financial upkeep, that working with an experienced accountant will set you up with, along with better streamlining monthly, quarterly, and annual government filings, and overall being better informed of the financial intricacies related to the timing of your cash flows as they relate to accruals, and overall business-financial health.
Building on an incremental budgeting approach, forward-looking budgets and forecasts stem from analysis around contribution margin, activity drivers, recurring vs non-recurring expenses and revenues, churn, running daily averages adjusted for historic seasonality using a computed multiplier, factoring in sales pipelines and deal-close rates, and using prior rates of conversion on ad spend, among other basic methods that prove useful to derive forecasts and to improve profit insights. Historic performance, metrics, and forward-looking projections can be presented in parallel with real-time operations, regularly fetching data and enabling company leaders to revisit such reports and visualizations frequently.
Deriving from a variety of different software, integration tools and custom code, data is consolidated into a cohesive set of dashboards where a company’s key performance indicators, cash-flow metrics, and other analytics portraying data useful for managers to utilize information to take proper action, whether short or long-term, internal or external to an organization, and/or to forward priority alerts downstream to the appropriate personnel.
The creation of a 3-statement pro forma financial model (income statement, balance sheet, and cash-flow statement) are crucial to the early stages of any startup going to market and often required for raising venture capital or for small-to-medium-sized businesses looking to obtain an SBA Loan. By determining what key assumptions are being made as you begin to scale your business, you will be more able to solve any uncertainties of your business model as you progress forward and better position yourself on day one with the amount of capital required to be successful. With experience participating and organizing pitch competitions our team can help you prepare your pitch deck as you take the next steps validating an idea and potentially raising money.
We have relationships with commercial lenders, private bankers, and are connected to other loan channels through our broker network. We can assist in determining the amount of capital a new or existing business needs and professionally prepare financial statements required for lending applications, pro forma or historic. Cash shortages can slow the growth of a business, or in worst-case scenarios could result in total business failure. Consider a line of credit to smooth purchasing cycles and allow for more business continuity. Contract financing might be another option if customers aren't paying fast enough or because your business is getting more and larger orders than you can fulfill with your current operating levels. Accounts receivable financing, also known as factoring, enables a business to borrow by securing cash with the balance due from their customers. Similarly, purchase order financing, also known as P.O. financing, can allow a business to borrow money to fund production based on its preorders, i.e. customers have placed orders but the business doesn't have the amount of working capital required to fund production and fulfill the orders. Contract financing can be a decent option for businesses challenged by rapid growth. Commercial lending options are vast and our experts can guide you in best structuring your solvency risk from a capital structuring standpoint.
Our accountants are experienced in the preparation of 1040s, 1120, 1120-S, 1099s, W2, Form 941 and other IRS related forms, and properly comply with withholding laws such as for 1099 compliance, Social Security, Medicare, FUTA, sales taxes, corporate franchise tax and other required federal, state and local reporting and government remittance laws. From a tax planning perspective our experts are well versed in a wide array of tax structures and implications surrounding LLCs, Subch. K, S-Corps, C-Corps, Trusts, Exempt Organizations, Segregated Portfolio Companies (SPCs), Unlimited Companies, as well as other domestic and international structuring considerations to help a company better streamline government reporting requirements, reduce tax liability, further isolate risks and do so by building on existing structures and by making the proper elections.
Employee benefits can be a significant factor in properly motivating and retaining employees, and to increase tax benefits to owners. Profit versus capital ownership interests, vesting and 83(b) elections, 401(K), SEPs, Profit-Sharing Plans, Section 125 (Cafeteria Plans), Non-Qualified-Deferred-Compensation (NQDC) plans, Section 105 Health Plans, Life Insurance, and Employee Stock Ownership Plans (ESOPs) are a few structures we work with a company to structure and maintain.
International corporate structuring is relevant for any company looking to operate internationally. Beyond the most stringent compliance measures, international-tax-avoidance strategies still exist but have become increasingly costly as new laws have been imposed for example the European Union Economic Substance Reporting requirements, and other regulations relevant to Controlled Foreign Corporations (CFCs), Passive Foreign Investment Companies (PFICs), structured ownership rules, thin-capitalization limits, look-through rules, determining the fair-market-value of non-arm's-length transactions through comparable pricing methods, and the valuation of outbound transfers of intellectual property to name a few of the many challenges associated with setting up and maintaining Special Purpose Entities (SPEs) in a global world.
With automated banking feed rules, and a dedicated bookkeeper to keep your rules up-to-date, your account balances, financial ratios concerning your cash position, and other key performance indicators can be viewed on mobile devices, and alerts can be set to assure you never come up short, by having adequate lead time to anticipate upcoming expenses and bottlenecks as you grow.
Model your strategy to scale and establish and refine cost of acquisition across different channels, refine targeting strategies, and better align returns to scale mechanics within compensation structures. Identify capacity constraints ahead of time, whether it be man hours, machine hours or limits faced on the side of a supplier. Set alerts well in advance of shortages, to better forecast demand with suppliers, and to assure you are operating with adequate capital, and setting aside reserves for future capital expenditures.
Get quality advice surrounding higher-level managerial accounting models such as through revenue forecasting, incremental budgeting, contribution-margin analysis, and absorption costing to help you better prioritize your growth objectives, identify areas for more profit and efficiency, and at a fraction of the cost of a full-time CFO.
With a dedicated fractional CFO and controller, you can be confident your payroll and sales taxes will be filed on time across multiple jurisdictions, and will be more readily positioned to anticipate upcoming tax payments with ongoing estimated tax liability accounts on the balance sheet. Reduce the burden of audits with reconciled bank statements and with the help of validation scripts across systems to assure all sales and cost records match up to your accounting.
1. Introduction
Welcome to the CFOCapitalAdvisors.com website (“Site”) and, if applicable, choosing to use any of our services (Services). We try to make our Privacy Policy easy to understand so that you are informed as to how we use your information. This Privacy Policy is integrated into our Terms of Service by reference; therefore you must completely agree to our Privacy Policy in order to use our Site or Service.
2. Information Collected
Personally Identifiable Information
You will not be required to provide us any personal information when you visit our Site. However, you may submit information to us when making a Site inquiry. When making an inquiry we may collect your contact information including your email, name, phone number, address, or other contact information.
Non-Identifying Information
Whenever you use our Site or Service, we may collect non-identifying information from you, such as your IP address, interactions with the Site and Service, query information, location, referring URL, mobile device UID, mobile browser information, browser, operating system, cookie information, usage, data transferred, and Internet Service Provider. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party such as your wireless provider, this information alone cannot usually be used to identify you.
3. Use of Your Information
We will never sell or transfer any personally identifiable information to third parties without your
consent. However, you agree that we may use your personally identifiable information:
To enhance or improve our users’ experiences. To provide our Service to you. To send you emails and updates about our website. To contact you, for our own internal purposes, and to respond to inquiries. Additionally, we may give your information to law enforcement if we are compelled to by a court order, if there has been a violation of any US laws, EU laws or if a violation of the Terms of Service or Privacy Policy has occurred.
4. Accessing, Editing, and Removing Your Information
You will not be able to access any information you have submitted to us. But if you wish us to remove any information from our databases, please contact us at legal@cfocapitaladvisors.com. We may keep inaccessible copies of your information for a commercially reasonable period of time.
5. Cookies
Cookies are little bits of code that help identify you when you visit our Site. We use cookies to
remember you, understand how you interact with our Site, and to save your preferences. For these reasons we suggest that cookies be enabled when visiting our Site. Please be aware that some or all of our cookies may be accessible by third parties.
6. Third Party Access to Your Information
Although you are entering into an Agreement with 
to disclose your information to us, we do use third party individuals and organizations to assist us, including contractors, web hosts, and others to help provide our services to you. Throughout the course of our provision of our Services to you, we may delegate our authority to collect, access, use, and disseminate your information. It is therefore necessary that you grant the third parties we may use in the course of our business the same rights that you afford us under this Privacy Policy. For this reason, you hereby agree that for every authorization which you grant to us in this Privacy Policy, you also grant to any third party that we may hire, contract, or otherwise retain the services of for the purpose of operating, maintaining, repairing, or otherwise improving or preserving our website or its underlying files or systems. As we do not control these third parties, you agree not to hold us liable for the actions of any of these third parties, even if we would normally be held vicariously liable for their actions, and that you must take legal action against them directly should they commit any tort or other actionable wrong against you.
7. Law Enforcement
You agree that we may disclose your information to authorities if compelled to by a court order.
Additionally, you agree that we may disclose your information if we reasonably believe that you have violated US laws or the terms of our Terms of Service or Privacy Policy or if we believe that a third party is at risk of bodily harm. In the event that we receive a subpoena affecting your privacy, we may elect to notify you to give you an opportunity to file a motion to quash the subpoena, or we may attempt to quash it ourselves, but we are not obligated to do either. We may also proactively report you and release your information without receiving any request to third parties where we believe that it is proper to do so for legal reasons, where your actions violate any law of the United States or any other country having jurisdiction over us, our Site, Services, or our Terms of Service. You release us from any damages that may arise from or relate to the release of your information to a request from law enforcement agencies or private litigants. We may release your information under the conditions listed in this paragraph whether it is to individuals or entities and to any state or national authorities, as
required.
8. Commercial and Non-Commercial Communications
If you decide to provide us with your contact information, you agree that we may send you
communications and emails. However, you may unsubscribe from certain communications by notifying that you no longer wish to receive such communications. Once notified, we will endeavor to remove you from our database. If you wish to opt out of certain communications, please contact us at legal@cfocapitaladvisors.com.
9. Third Parties
may post links to third party websites on our Site or Service, which may include information that we have no control over. When accessing a third party site through our Site or Service, you acknowledge that you are aware that these third party websites are not screened for privacy or security issues by us, and you release us from any liability for the conduct of these third party websites. Please be aware that this Privacy Policy, and any other policies in place, in addition to any amendments, does not create rights enforceable by third parties. bears no responsibility for the information collected or used by any advertiser or third party website. You must review their Terms of Service and Privacy Policy to understand how their information collection practices work.
10. Security Measures
We make reasonable attempts to protect and store your information by using physical and electronic safeguards. However, as this is the Internet, we can make no guarantees as to the security or privacy of your information. For this reason, we recommend that you use anti-virus software, routine credit checks, firewalls, and other precautions to protect yourself from security and privacy threats.
11. Your California Privacy Rights
permits residents of the State of California to use its Service, and complies with the California Business and Professions Code §§ 22575-22579. If you are a California resident you may request certain information regarding our disclosure of personal information to any third parties for their direct marketing purposes. Various provisions throughout this Privacy Policy address requirements of the Californian privacy statutes. Although we do not disseminate your information to third parties without permission, you must presume that we collect electronic information from all visitors. You may contact us at legal@cfocapitaladvisors.com with any questions.
12. Age Compliance
We intend to fully comply with American and international laws respecting children’s privacy.
Therefore, we do not collect or process any information for any persons under the age of 13. If you are under 13 and using our Site or Service, please stop immediately and do not submit any information to us.
13. International Transfer
Your information may be transferred to - and maintained on - computers located outside of your state, province, country, or other governmental jurisdiction where the privacy laws may not be as protective as those in your jurisdiction. By using our Site and Service, you agree that we may transfer personal information to the United States or elsewhere and process it there. Your consent to this Privacy Policy followed by your submission of such information represents your agreement to that transfer.
14. Amendments
Like our Terms of Service, we may amend this Privacy Policy from time to time. When we amend this Privacy Policy, we will modify the date listed on this Agreement or we may contact you. You must agree to the amendments as a condition of your continued use of our Site and Service. If you do not agree, you must immediately cease using our Site and Service.
1. Your Acceptance
Welcome to the Terms of Service for the CFOCapitalAdvisors.com website and any associated services.
This is a legally binding agreement (“Agreement”) between , the legal operator of the CFOCapitalAdvisors.com website (the “Site ”) and any services ( “Service(s)”) and you (“you”, “your” or “user(s)”), a user of the Site and Service. Throughout this Agreement, the words “,” “us,” “we,” and “our,” refer to our company and our Site or any Services, as is appropriate in the context of the use of the words.
Your ability to submit or transmit any information to the Site and Service, including but not limited to messages, text, comments, designs, data, or videos will be referred to as “Content” throughout this Agreement by clicking “Agree” or using our Site or Service you agree to this Agreement and our Privacy.
We may amend our Terms of Service or Privacy Policy and may notify you when we do so.
If you do not agree to the Terms of Service or the Privacy Policy please cease using our Site and Service immediately. Users of our Service must be 13 or above. If you are under the age of 13 please stop using our Site and Service immediately.
2. Your Content on CFOCapitalAdvisors.com
When submitting any Content, please ensure that such Content is accurate. We are not required to host, display, or distribute any of your posts and we may refuse to accept or transmit any Content or delete your Content from at any time. may at its discretion remove, modify, edit or delete any Content submitted by you to the Site or Service. When you submit any Content to us, you grant , its partners, affiliates, users, representatives and assigns a non-exclusive, fully-paid, royalty-free, irrevocable, world-wide, universal, transferable, assignable license to display, publicly perform, distribute, store, broadcast, transmit, reproduce, modify, prepare derivative works and otherwise use and reuse all or part of your Content or anything we may make with your Content through or any other medium currently invented or invented in the future. Your Content will be shared in accordance with our Privacy Policy.
3. User Guidelines
When using our Service, you are responsible for your use of the Site. You agree not to access, copy, or otherwise use , including our intellectual property and trademarks, except as authorized by these Terms of Service or as otherwise authorized in writing by . You agree to the following:
You will not copy, distribute or disclose any part of the Site or the Service in any medium, including without limitation by any automated or non-automated “scraping”; You may not violate or infringe other people’s intellectual property, privacy, or other rights while using our Site or Service; You may not violate any laws, rules or procedures of the United States while using our
Site; You will not attempt to interfere with, compromise the system integrity or security, or
decipher any transmissions to or from the servers running the Site or Service; You will not take any action that imposes, or may impose at our sole discretion, an unreasonable or disproportionately large load on our infrastructure; You will not upload invalid data, viruses, worms or other software agents through the Service or Site; You will not collect or harvest any personally identifiable information from the Service or Site; You will not access the Site or Service through any technology or means other than those provided or authorized by the Service or Site; You agree not to violate any requirements, procedures, policies or regulations of networks connected to ; You agree not to interfere with or disrupt the Site or Service; You agree not to cause, or aid in, the destruction, manipulation, removal, disabling, or impairment of any portion of our Site, including the de-indexing or de-caching of any
portion of our Site from a thirty party’s website, such as by requesting its removal from a
search engine; and You will not upload any Content to our Site or Service that includes any third party intellectual property unless you have permission from the owner to use it in the specific manner that you used it. If you are discovered to be undertaking any of the aforementioned actions your privileges to use our Service may at our discretion be terminated or suspended. Generally, we will provide an explanation for any suspension or termination of your use of any of our Services, but reserves the right to suspend or terminate your access at any time without notice or explanation.
4. Modification of the Site and Service
We reserve the right to alter, update, or remove our Site or Service or your access from it at any time, or demand that you do so. We may conduct such modifications to our Service for security reasons, intellectual property or other legal reasons, or various other reasons at our discretion, and we are not required to explain such modifications. For example, we may provide updates to fix security flaws, or respond to legal demands. Please note that this is a non-binding illustration of how we might exercise our rights under this section, and nothing in this section obligates us to take measures to update the Site for security, legal or other purposes.
5. Service Disclaimer
Please be aware that our Service and any information found within it are offered “as-is.” does not endorse and may not verify any of its users or any Content submitted by users found through the Site or Service. You agree that any information may be inaccurate, unsubstantiated or possibly even incorrect. We cannot guarantee that using our Service or Site will result in any benefits or positive results for you. You agree to release us from any liability that we may have to in relation to your use of our Site and Service. By using the Site or Services, you agree that any legal remedy or liability that you seek to obtain for actions or omissions of other users or other third parties will be limited to a claim against the particular users or other third parties who caused you harm and you agree not to attempt to impose liability on, or seek any legal remedy from with respect to such actions or omissions.
6. Compliance With All Laws and Regulations
is not responsible for your violation of any laws while using our Site and Service. Users must comply with all local, state, and national US and state laws regarding your use of our Site and Service. Our Site and Service is void where prohibited.
7. Intellectual Property Rights
The design of the Service along with created text, writings, images, templates, scripts, graphics, interactive features and the trademarks, service marks and logos contained therein ("Marks"), are owned by or licensed to , subject to copyright and other intellectual property rights under US and foreign laws and international conventions. reserves all rights not expressly granted in and to the Service and the Site. You agree to not engage in the use, copying, or distribution anything contained within the Site or Service unless we have given express written permission.
8. Representations and Warranties
OUR SITE AND SERVICE ARE OFFERED “AS-IS”, INCLUDING ANY ERRORS, BUGS OR OTHER TECHNICAL ISSUES. YOU AGREE THAT WHILE USING OUR SITE OR SERVICE, YOUR RESULTS MAY VARY AND YOU MAY NOT ACHIEVE ANY DESIRED RESULTS. WE EXPRESSLY DISCLAIM ALL WARRANTIES EITHER EXPRESS OR IMPLIED. OUR SITE OR SERVICE MAY NOT BE FIT FOR A PARTICULAR PURPOSE AND MAY NOT WORK OR BE APPLICABLE WHERE YOU RESIDE. WE MAKE NO REPRESENTATIONS OR WARRANTIES AS TO THE REASONABLE SKILL AND CARE INVESTED IN OUR SERVICE, SATISFACTORY QUALITY OF OUR SERVICE, TIMELINESS, MERCHANTABILITY OF OUR SERVICE OR THAT OUR SERVICE IS NON-INFRINGING. FURTHERMORE, WE DO NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE SITE OR SERVICE WILL MEET ANY REQUIREMENTS OR NEEDS YOU MAY HAVE, THAT THE SITE OR SERVICE WILL OPERATE ERROR FREE OR IN AN UNINTERRUPTED FASHION, THAT ANY DEFECTS OR ERRORS IN THE SITE OR SERVICE WILL BE CORRECTED, OR THAT THE SITE OR SERVICE IS COMPATIBLE WITH ANY PARTICULAR PLATFORM. IS NOT OBLIGATED TO PROVIDE YOU ACCESS TO OUR SITE AND
SERVICE. IN THE EVENT OF ANY PROBLEM WITH THE SITE OR SERVICE, YOU AGREE THAT YOUR SOLE REMEDY IS TO CEASE USING THE SITE OR SERVICE.
9. Limitation of Liability
IN NO EVENT SHALL , ITS OFFICERS, DIRECTORS, EMPLOYEES, CUSTOMERS, OR AGENTS, BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES WHATSOEVER RESULTING FROM (I) YOUR USE OR INABILITY TO USE THE WEBSITE OR OUR
SERVICES ERRORS, MISTAKES, OR INACCURACIES OF CONTENT, (II) ANY PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF OUR SITE OR SERVICE, (III) ANY INTERRUPTION,MISINFORMATION, INCOMPLETE INFORMATION, OR CESSATION
OF TRANSMISSION TO OR FROM OUR SITE TO YOU, (IV) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE, WHICH MAY BE TRANSMITTED TO OR THROUGH OUR SITE BY ANY THIRD PARTY, (V) ANY FAILURE OF ANY THIRD PARTY INFORMATION LISTED ON OUR SITE AND SERVICE, INCLUDING ANY FAILURES OR DISRUPTIONS WHETHER INTENTIONAL OR UNINTENTIONAL (VI) BUSINESS INTERRUPTION OR LOSS OF PROGRAMS OR DATA, OR (VII) ANY ERRORS OR OMISSIONS IN OUR SITE OR SERVICE FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF YOUR USE OF OUR SITE OR SERVICE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. YOU AGREE OUR TOTAL LIABILITY TO YOU IS NOT MORE THAN 0.01 US DOLLAR.
10. Choice of Law
This Agreement shall be governed by the laws in force in the state of [state name] and the US. The offer and acceptance of this contract is deemed to have occurred in the state of Colorado.
11. Forum of Dispute
You agree that any dispute arising from or relating to this Agreement will be heard solely by a court or tribunal of competent jurisdiction in or nearest to Boulder, CO.
If you bring a dispute in a manner other than in accordance with this section, you agree that we may move to have it dismissed, and that you will be responsible for our reasonable attorneys’ fees, court, costs, and disbursements in doing so. You agree that the unsuccessful party in any dispute arising from or relating to this Agreement will be responsible for the reimbursement of the successful party’s reasonable attorneys’ fees, court costs, and disbursements.
12. Force Majeure
You agree that we are not responsible to you for anything that we may otherwise be responsible for, if it is the result of events beyond our control, including, but not limited to, acts of God, war, insurrection, riots, terrorism, crime, labor shortages (including lawful and unlawful strikes), embargoes, postal disruption, communication disruption, failure or shortage of infrastructure, shortage of materials, or any other event beyond our control.
13. Severability
In the event that a provision of this Agreement is found to be unlawful, conflicting with another
provision of the Agreement, or otherwise unenforceable, the Agreement will remain in force as though it had been entered into without that unenforceable provision being included in it.
If two or more provisions of this Agreement are deemed to conflict with each other’s operation, shall have the sole right to elect which provision remains in force.
14. Non-Waiver
We reserve all rights permitted to us under this Agreement as well as under the provisions of any applicable law. Our non-enforcement of any particular provision or provisions of this Agreement or the any applicable law should not be construed as our waiver of the right to enforce that same provision under the same or different circumstances at any time in the future.
15. Termination
We may terminate or the Site or our Service without notice, though we will strive to provide a timely explanation in most cases. We reserve the right to deactivate, suspend, or otherwise cancel your access to at any time. If you wish to terminate this Agreement, simply contact us. After termination your information may not be accessible but we may keep such information for a reasonably commercial time for legal and internal purposes. All provisions of this Agreement which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.
16. Assignment
You may not assign your rights and/or obligations under this Agreement to any other party without our prior written consent. We may assign our rights and/or obligations under this Agreement to any other party at our discretion.
17. Amendments
We may amend this Agreement from time to time. When we amend this Agreement, we will update this page and indicate the date that it was last modified and we may email you if we believe it is necessary. For these reasons, we recommend that you look through this Agreement from time to time. You may refuse to agree to any amendments, but if you do, you must immediately cease using our Site and our Service.
18. New Jersey Users
Pursuant to N.J.S.A. 56:12-14, et seq, portions of the Limitation of Liabilities and Representations and Warranties sections of this Agreement do not apply to New Jersey residents. For New Jersey residents the limitation of liabilities and representations and warranties shall apply to the furthest extent permitted under New Jersey law.
19. California Users
Pursuant to California law, if you have further questions about please contact, the Complaint Assistance Unit of the Division of Consumer Services of the California Department of Consumer Affairs may be contacted in writing at 1625 North Market Blvd., Sacramento, CA 95834, or by telephone at (916) 445-1254 or (800) 952-5210. Additionally, you may contact us at: Agent of , agent@coloradoregisteredagent.com.
20. Electronic Communications
The communications between you and use electronic means, whether you visit the Site or Service or send e-mails, or whether posts notices on the Site or Service or communications with you via e-mail. For contractual purposes, you (1) consent to receive communications from in an electronic form; (2) agree that all terms, conditions, agreements, notices, disclosures, and other communications that provides to you electronically satisfy any legal requirement that such communications would satisfy if it were to be in writing. The foregoing does not affect your statutory rights.