The document discusses key aspects of succession planning for businesses including analyzing the market and options for succession, organizing financial data, addressing capitalization needs, evaluating entity structures, completing mergers and acquisitions due diligence, obtaining audits and addressing tax implications of transactions to facilitate a smooth transition of the business to new ownership. It also emphasizes the value of an accounting professional's role in assisting clients with succession planning over many years.
It goes without saying that business owners who want to sell their business within the next couple of years will have a few new factors to consider. Let here what you need to be thinking about and how to prepare.
Games M&A Overview: What You Need to Know and How to Prepare | Daniel BernsteinJessica Tams
Delivered at Casual Connect Asia 2017. Preparation is key when you are considering the sale of your company. For games companies, that comes with its own set of specific challenges and requirements. Find out what you need to prepare and what will matter to your acquirers in today’s competitive M&A market.
No time has been better to extend Treasury\'s reach within an organization to effect permanent changes in the financial supply chain. Extending Treasury\'s Reach discusses ways to improve liquidity for survival today as well as to fuel growth in the future.
It goes without saying that business owners who want to sell their business within the next couple of years will have a few new factors to consider. Let here what you need to be thinking about and how to prepare.
Games M&A Overview: What You Need to Know and How to Prepare | Daniel BernsteinJessica Tams
Delivered at Casual Connect Asia 2017. Preparation is key when you are considering the sale of your company. For games companies, that comes with its own set of specific challenges and requirements. Find out what you need to prepare and what will matter to your acquirers in today’s competitive M&A market.
No time has been better to extend Treasury\'s reach within an organization to effect permanent changes in the financial supply chain. Extending Treasury\'s Reach discusses ways to improve liquidity for survival today as well as to fuel growth in the future.
pre - Financial Planning Website Information ArchitectureLynn Holley III
Example preliminary sitemap for Financial Planning market segment including some primary and secondary navigational elements & also some simple start-up CTA (calls to action)
Everything you need to know about the valuation reportResurgent India
A business valuation report is an attempt to thoroughly document and analyze the value of a company or a group of assets by considering all relevant market, industrial, and economic aspects.
Best Practices in Creating a Strategic Finance FunctionFindWhitePapers
Many CFOs and the finance organizations they lead have started to take on new strategic roles within the enterprise. Their goal is to enforce stricter control processes to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking.
Relazione presentata il 21 aprile 2015 a un pubblico di non bibliotecari*, per illustrare il ruolo delle biblioteche nell'ambito della sostenibilità e dello 'smart living' _ An overview about libraries, librarians, knowledge, communities, sustainibility, smart living
pre - Financial Planning Website Information ArchitectureLynn Holley III
Example preliminary sitemap for Financial Planning market segment including some primary and secondary navigational elements & also some simple start-up CTA (calls to action)
Everything you need to know about the valuation reportResurgent India
A business valuation report is an attempt to thoroughly document and analyze the value of a company or a group of assets by considering all relevant market, industrial, and economic aspects.
Best Practices in Creating a Strategic Finance FunctionFindWhitePapers
Many CFOs and the finance organizations they lead have started to take on new strategic roles within the enterprise. Their goal is to enforce stricter control processes to ensure legal and regulatory compliance, offer strategic insights into the internal and external business environment, and connect the business strategy with daily operations through performance tracking.
Relazione presentata il 21 aprile 2015 a un pubblico di non bibliotecari*, per illustrare il ruolo delle biblioteche nell'ambito della sostenibilità e dello 'smart living' _ An overview about libraries, librarians, knowledge, communities, sustainibility, smart living
The Digital Archives Workshop was held at RMIT on 18 July 2010 and was presented by RMIT Design Research Institute and RMIT Design Archives. This presentation contains notes from the participants.
Shannon Register, Broker/Owner of Register Real Estate Advisors in SPring Texas and the host of "Houston Real Estate Radio" on AM700 KSEV, presents about blogging to the NAR Tech Edge event in Houston and Las Vegas. http://rrea.com
http://rrea.us/nar
In many modern major enterprises, financial controllership functions have been just that – functional. Generally focused on managing risk, they have included technical accounting and financial reporting support, the implementation and maintenance of accounting standards, the management, simplification and improvement of processes and the guardianship of internal controls. Insightful controllership provides an entirely new way of looking at financial controllership.
CA, MBA Finance with 15+ years of experience in Finance and Accounts, hands on experience in Budgeting, Forecasting and Project costing, working knowledge in SAP, ERP and Various accounting packages, able to manage independently.
Law Firm Receivables Management Best PracticesSusan Uylett
This newsletter highlight's the letter of engagement and terms that must be included to protect the firm's operations. Also, it examines challenges within a law firm and solutions that can be implemented to improve the firm's bottom line.
Virtual CFO - A complete enterprise solution for startups and MSMEsParthNadkar
Fundraising is a battle we all have to fight being start-up warriors. To make this a grand victory, we bring to you the Virtual CFO initiative by joined hands with Billennium Divas Pvt. Ltd. to give you a better experience for your fundraising activities.
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To help out with preparation for fundraising activities our Virtual CFO comprises of not only general support services including Incorporation, Accounting and Compliance Management, but also complex financial modeling, pitchdeck creation support and much more!
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For more details you can connect with us at info@panorminvestments.in
Startup Economics, Finance and Accounting 101Dan Nelson
A quick look into some of the necessary finance, accounting and economic needs for early stage startups. It is a short survey, and there is more to come on this really interesting space.
For more information, please contact Dan@techbrainstorm.com
A leading provider of comprehensive human resources is seeking a Director of FP&A. The chosen candidate will develop and deliver financial reports by translating hard numbers into factual information using internal reporting, collaborating with team members, evaluating complex financial issues and recommending solutions to guide future organizational decisions and ensure alignment with business objectives.
Shannon Register, Broker/Owner of Register Real Estate Advisors in SPring Texas and the host of "Houston Real Estate Radio" on AM700 KSEV, presents about blogging to the NAR Tech Edge event in Houston and Las Vegas. http://rrea.com
http://rrea.us/nar
2. Succession Planning
•Business point guard.
•Understanding of processes and procedures
within the business.
•Understanding of clients human resources.
•Understanding of financial position.
•Understanding of results of operations.
•Understanding of cash flow issues.
•Understanding of company capitalization or
lack of.
•Overall market, industry and economic issues.
3. Succession Planning
Analysis of Market and Industry
• Does your client have a succession plan?
• Is it in writing
• How defined is the plan?
• Are they in a market with potential buyers?
• Options for succession:
• Family members
• Employees
• Third party.
4. Succession Planning
Organization of Financial Data:
Balance sheet cleanup
Understanding of inventory levels
Accounts receivable - collectable
Fixed assets - detail/market value
Do all of the above compare and agree
with the underlying supporting
documentation?
5. Succession Planning
Capitalization
Is the business well capitalized?
Have they used short-term money to
purchase long assets?
Is this a good opportunity to
recapitalize the company with long-term
debt?
Do they have minority shareholders or
partners that need to be bought out?
6. Succession Planning
Income Statement
Need for business segments?
Classes if QuickBooks.
Potential need for multiple entity structures
or separation strategies.
Common size analysis
Year-to-yearcomparatives
Industry comparatives
Revenue recognition defined and
corrected for future growth.
Percentage of completion
Accrual / cash.
7. Succession Planning
Entity Structure
Double taxation
C- Corporation
Minority shareholders
Take out before transaction
Built in gate analysis
Conversion to S-Corporation
Separation of hot assets.
Building
Equipment
8. Succession Planning
M&A (mergers and acquisition)
Does the detail underlying documentation
compare and agree to amounts reported on
the financial statements.
The importance of non-financial data.
MD&A
Forecast to actual
Operating data
Month-to-month analysis.
Balance Sheet and Income Statement
Forecast to actual analysis.
Source document build up for total support
9. Succession Planning
Financial audit
The value of having a financial audit
to increase the market place of
potential purchasers.
Reduces the amount of due diligence
that will be performed by the
purchaser.
Creates creditability with all financial
data.
Third party support for amounts
reflected in the financial data.
10. Succession Planning
Taxes
Double taxation.
Current filings are correct.
General ledger compares to tax
returns.
How aggressive has your client been
in deducting personal expenses?
M1 analysis book to tax differences.
Are they adhering to current tax laws?
11. Succession Planning
Tax Ramifications – the transaction
Asset allocation.
Total recognition or installment sale.
Computing basis.
Short tax year.
Asset versus stock purchase
Comparing deprecation, recapture,
and the asset allocation's number of
years of depreciation versus good
will. PV analysis on savings.
12. Succession Planning
Conclusion
Would you consider using a team of
professionals to assist you with your clients
succession needs?
Succession planning could last up to 10 years so
the team of professionals could assist with
increasing client cash flow by implementing
processes and procedures in all aspects of the
clients business.
Questions or comments?
13. Succession Planning
Conclusion
Have you ever discussed succession planning
with your client?
How close are you to your clients financial
records.
Do you have regular meetings with your client to
discuss their financial position and results of
operations?
Do you have a clear picture of their goals and
objectives?
Do they understand the value of their business
with our without their involvement?
14. Gary N. Cooper CPA PC
1703 W. 12st Street
Houston, TX 77008
713-243-8590
www.garycoopercpa.com
www.forwardresults.com