What do you do when the buyer has a lease delay? Closing in escrow is a consideration in a situation where you get within a couple of days of a closing and you have everything except the buyer doesn’t have their lease yet. Most of the time, the seller doesn’t want to contact their landlord
Engaging a Business Broker When using a business broker, the broker will do several things right after you’ve engaged the broker to represent you and list your business. They will prepare a blind profile, which gives summary information about the industry and your business without disclosing the name or exact location of the business. Similar
If you’ve ever wondered about S Corp vs LLC, here is some useful information to help you understand the differences in the two.
Most dealers think dealership fraud by Controllers can’t happen to them, but it can. A long-time trusted employee commits fraud and steals money from the dealership.
The old saying the sales price is what a willing buyer would pay a willing seller with neither under compulsion to complete a transaction and both having knowledge of all of the relevant facts holds true.
Beauty is in the eyes of the beholder and value has been and will always be subject to opinion since there is no clear-cut way to value a business.
Whenever I hear about employee embezzlement, my heart goes out to the business owners that not only have suffered a financial loss, but usually feel extremely hurt from the breach of trust of a valued employee.
If you are a car dealer, small business owner or executive, here are some things you can implement now to help minimize the potential for a fraud to occur in your organization.
The Georgia Association of Business Brokers (GABB) maintains a website that lists hundreds of businesses and franchises for sale throughout Georgia in a variety of fields.
GABB President Greg DeFoor, explains that selling a business is a complicated process with multiple steps and a lot of moving pieces.
On October 20, 2014, the Governmental Accounting Standards Board released an exposure draft regarding disclosures required for tax abatements provided by governmental entities.
The disclosure draft is open for comments until January 30 2015. If approved, the requirements would be effective for financial statements for fiscal years beginning after December 15, 2015. Earlier application would be encouraged.
Many privately owned businesses don’t have a CFO per se, but have a chief accounting officer in the form of a Controller or Office Manager who is responsible for all of the accounting functions of the business.
Cash flow management is about managing changes in the balance sheet as much as it is about managing costs of goods sold and expenses.
The days of that disclaimer at the end of emails may be over. The IRS implemented revised regulations governing practicing before the IRS effective June 12, 2014.
As part of these revised regulations, there were changes made that may make that annoying but required disclaimer at the end of emails no longer necessary.