By Kelly Reiman Earnouts have been used over the years to bridge the gap between the seller’s perceived value of its business and the buyer’s willingness to pay for anticipated future results. Counsel to the parties and their business brokers can be instrumental in setting realistic expectations for them and crafting the provisions to ensure […]
By Janna Hoiberg Being an entrepreneur is a challenging occupation. It is filled with opportunities beyond your wildest dreams. Those dreams can also become the nightmare you never wanted. Working with business owners, I find most of the challenge is in the day-to-day operations of the business. That day in/day out, cash flow, hiring, firing,
Illusion vs. Reality: What Really Creates Value for Your Business? Read More »
By Graeme Cloutte, CPA The tax implications of buying and selling a business need to be addressed before coming to the closing table to finalize the carefully structured deal that the FBB Group has put together. One of these key implications is how the transaction is structured for purposes of “asset allocation“. In what follows,
Asset Allocation for Business Purchases – A Quick Primer for Buyers and Sellers Read More »
Written by Stephen J. Furrer, CPA, CEPA, ABV It seems like we’re at a fork in the road: there are some positive signs that the economy is entering the earliest stages of a long term expansion, but at the same time, if we dare read the headlines, it seems we’re destined to repeat 2008. It’s precisely because
I was recently talking to a consultant that we have worked with for many years. During the course of our conversation, I mentioned that we were working on completing a valuation assignment for a business where the son was considering buying the business from his parents. Depending on the valuation results and other family dynamics,
Provided by: Brian Flynn, President Flynn Accounting Resources, Inc. Accident Reports / Claims (settled cases) 7 Years Accounts Payable Ledgers & Schedules 7 Years Accounts Receivable Ledgers & Schedules 7 Years Audit Reports Permanent Bank Reconciliations 2 Years Bank Statements 3 Years Capital Stock & Bond Records Ledgers, Transfer Registers, Stubs showing issues, Record of
Business Record Retention – How Long Should You Keep Records? Read More »
By: Michael Abramovitz Has your business identified potential tax risks that could affect the valuation of your company? Maintaining good corporate tax ‘hygiene’ is imperative to ensuring that a potential acquirer recognizes that the company has controls in place to ensure that, at a minimum, tax filing requirements have been addressed. That includes filing tax
Using Income Taxes to Maximize Your Company’s Value, Part II Read More »
Contributed by SSA, P.C. After weeks, indeed months, of proposals and counter-proposals, seemingly endless negotiations, and down-to-the-wire drama, Congress has passed legislation to avert the tax side of the so-called “fiscal cliff.” The American Taxpayer Relief Act permanently extends the Bush-era tax cuts for lower and moderate income tax payers, permanently “patches” the alternative minimum
Contributed by Speed2Results, LLC In a recent presentation on the state of the economy, noted economist, Alan Beaulieu, of ITR Economics, announced a forecast for 2013 and forward. Beaulieu’s group predicts a strong 2013, a mild recession in 2014, followed by a strong 2015-16. Mr. Beaulieu recommends business owners who plan to sell or transfer
By: John M. Stinar, Esq. With certain exceptions, Colorado law prohibits the enforcement of covenants not to compete. The assumption is that the State of Colorado wishes to have its citizens engaged in gainful employment. Specifically, Colorado Revised Statute § 8-2-113 provides that “it shall be unlawful to use force, threats or other means of
