With correct buy-side due diligence, the acquisition of a company or division can help a firm broaden its product lines, increase geographical diversity, acquire key personnel, obtain access to patents and other intellectual property, and create cost synergies in production, sales, legal and purchasing activities,...
Successful companies look for payroll and payroll tax processing solutions that are fast, accurate, versatile, reliable and easy to use. For companies with multi-state, multi-regional or multi-national operations, solutions must also be able to deliver functionality across geographic jurisdictions. All businesses with employees have responsibilities relating to payroll taxes. Payroll taxes...
A business plan means a lot of different things to different people. There are software programs that assist a new business to map out its plan, strategy, and goals. Or professionals in business plan writing can craft complex documents that include such items as detailed financial analysis and forecasts,...
Activity-Based Costing (ABC) is a special costing model that manages business costs or expenses by identifying activities used for the production of products or services. The costs of associated activities are assigned to all products or services in order to ascertain the actual value of the output. This model...
Los Angeles business owners contemplating a business sale should engage in exit planning early – and not wait until the economy improves – to achieve premium sale prices for their companies.
Many companies are in an acquisition mode right now. Strong companies with solid credit ratings...
A family office is defined as a private company that oversees the fiscal well-being of a single family. As a business run by and for a single family, the family office operates by centralizing the management of a single family’s finances. This generally includes a wide array of various...
In these trying economic times, many companies are looking for ways of cutting business expenses. As more and more businesses are floundering and failing under economic pressure, it is becoming increasingly important to find means of keeping companies not just out of bankruptcy, but financially successful as well. For struggling businesses,...
Organizational change strategies such as rightsizing and restructuring are designed to transform companies into more efficient, agile, customer-driven organizations. However, these processes have both short-term and long-term consequences. Before undertaking a rightsizing/restructuring program, senior management should take pains to communicate the vision, process, expectations, and intended goals. Restructuring/rightsizing is a...
Negotiating contracts can be stressful, even for the most seasoned negotiator. For those new to the process it can be daunting. Ideally both parties are equally invested in the deal going through. But in most cases, one party has a greater need or desire, and there is an imbalance...
When a multinational corporation based in the United States owns over 50 percent of a foreign entity, the American parent company is typically required to provide consolidated financial statements. In such cases, the financial accounts of the foreign subsidiary must first have currency translation applied to...