The pros and cons of turning your home into a rental
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
Merging with another company can be the most efficient way to grow -- if you plan carefully. Failed mergers and acquisitions are often the result of management problems, not market conditions.
If you are considering joining forces with another business, here are a few key questions to ask:
Do you have compatible goals and ethics? Be sure there's a good fit between financial structures, customer bases and corporate cultures.
Have you performed a complete due diligence? Scrutinize the financial factors, check with customers, chat with vendors and interview employees. The more you know, the fewer surprises you¹ll
encounter.
Who's in charge? Give the team the time it needs to prepare for the arduous task of merging corporate
cultures. Don¹t automatically get rid of the old guard. Experience provides stability and helps navigate the
challenges.
This is just the beginning. There's a lot more to be done before and after a merger or acquisition. Contact us. We can help you decide the best way to structure a transaction and how to deal with the tax implications.
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...